Dubai-based Emaar Properties recorded a growth in net profit of 15 per cent to Dh2.837 billion ($772 million) during the first six months of this year (H1 2017), compared to Dh2.475 billion ($674 million) during the same period last year. H1 2017 revenue was Dh7.866 billion ($2.142 billion), an...

FUJAIRAH / RAS AL KHAIMAH / AJMAN: His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday offered his condolences to the families of the nation’s martyrs, who fell while carrying out their duties with the Arab...

An Emirates A380 aircraft landed at Bandaranaike International Airport (BIA) Katunayake today, helping Sri Lanka and the airport achieve an aviation milestone. Sri Lanka’s Minister of Transport & Aviation Hon. Nimal Siripala de Silva M.P. was at the airport to greet H.E. Abdul Hameed Abdul...

Dubai's DAMAC Properties , the owner and operator of the only Trump-branded golf club in the Middle East, reported on Monday a fall in profits for the second quarter in a row. The developer made 704.8 million dirhams ($191.9 million) in total comprehensive income for the April - June...

The Emirates Nuclear Energy Corporation, ENEC, has announced that significant progress has been made on the construction of the Barakah Nuclear Energy Plant, with the installation of the steam generators for Unit 4, the final unit at the plant. This milestone event coincides with the successful...

Dubai's Emaar Properties , which is planning a partial listing of its UAE development operation, reported a 14.4 percent increase in second-quarter profit on Monday. Emaar, in which Dubai's government owns a minority stake, made 1.45 billion dirham ($394.8 million) of profit attributable to...

The UAE recently issued a federal law for Tax Procedures The UAE legislature has moved swiftly towards the implementation of a comprehensive set of laws to lay the platform for the introduction of taxation in the UAE. The creation of the Federal Tax Authority by federal decree-Law No...

Among GCC countries, consumer spending per household in the UAE was highest during 2016 at $103,000 Consumer spending in the UAE is expected to exceed $261bn in 2021, compared to nearly $183bn in 2016, according to research released by the Dubai Chamber of Commerce and Industry....

Consumer spending in the UAE, which amounted to nearly $183 billion in 2016, is forecast to rise at a compound annual growth rate (CAGR) of 7.5 per cent over the next five years to exceed $261 billion in 2021, a report released by the Dubai Chamber of Commerce and Industry showed. The...

ESMA is focusing on providing the highest safety standards in modern transport vehicles Dubai: The Emirates Authority for Standardisation and Metrology (ESMA), has issued a preparation of a technical regulation, including requirements for self-driving vehicles and safety requirements in...