Dubai-based Five Holdings, a real estate development and hospitality group (previously known as Skai Holdings), has launched Five Hotels & Resorts, a new luxury hospitality brand, under its subsidiary Five Hospitality. Five Hotels & Resorts will manage Five Holdings’ flagship hotel and...

Dubai-based building contractor Drake and Scull International PJSC (DSI) is in talks with banks to divest some of its assets, the company’s acting chief financial officer told Thomson Reuters Projects on Sunday. Earlier this year, the cash-strapped firm announced a turnaround and capital...

Drake & Scull International, DSI, a regional leader in engineering and services, has announced that UAE-based Tabarak Investment, a private company operating within the diversified financial sector, has acquired a majority of its shares from the Dubai contractor's former chief executive,...

An iftar table groaning with plate after plate of delicious food – ­aromatic, slow-cooked meat, vibrant rice dishes ­flavoured with spices, salads studded with toasted nuts and slivers of fruit – is a sight to behold. And yet, with abundant meals of any sort comes an underlying worry about...

The UAE led the GCC in private wealth growth last year The UAE saw a 5.9 per cent increase in millionaire households last year following strong growth in the private wealth held in the country, according to a new report Boston Consulting Group’s (BCG) Global Wealth 2017 report...

Rove Trade Centre caters to meetings, incentives, conferences and exhibitions customers Dubai’s Emaar Hospitality has announced the opening of the fourth hotel under its mid-scale Rove brand. Rove Trade Centre, is located next to Dubai World Trade Centre and caters to meetings,...

The company plans to establish the UAE’s first high-tech commercial-scale greenhouse for year-round tomato production UAE-based agricultural technology firm Pure Harvest Smart Farms has announced progress towards the completion of a $4.5m seed funding round to finance a pilot greenhouse....

“We have not seen and do not expect to see any disruption of gas supplies from the Dolphin pipeline,” Sharjah National Oil Corp’s CEO said The chief executive of Sharjah National Oil Corp, the emirate’s state-owned oil and gas firm, said on Sunday he does not expect flows of natural gas...

The UAE’s new energy strategy is set to save up to AED700 billion by 2050, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy. The minister made the statements in an inaugural word published as part of the ministry's Energy 2017 Report on the best practices of the...

Dubai-based contractor Drake & Scull International (DSI) expects to complete a plan to reduce its capital by 75 percent by the end of the third quarter, deferring the process by one month, its chief executive said on Sunday. The capital reduction is the first phase of a plan to revive DSI's...