New study highlights benefits that geospatial technology brought to UAE consumers, businesses and society in 2016 A Google-commissioned study has revealed that modern mapping services have the potential to unleash consumer benefits worth over AED2 billion ($550 million) per year in the...

The valuation is based on the assets Emaar plans to inject into the listed vehicle The real estate development business of Emaar Properties, which is being listed in an initial public offering (IPO) in Dubai, is expected to be valued at Dhs24bn ($6.5bn), two people familiar with the deal...

Emirates and flydubai partnership announces first codeshare routes With the start of the partnership, Emirates will codeshare on 29 routes operated by flydubai Passengers can book from 03 October with travel commencing on 29 October Reach more destinations easily, frequently...

NBK Capital Partners, the private equity arm of National Bank of Kuwait, said it has completed the acquisition of the Dubai campus of a K-12 international curriculum school in a sale-leaseback transaction. This comes in line with the firm’s strategy to acquire income-generating real estate...

UAE-based master developer Nakheel and leading Thai hotel group Centara Hotels & Resorts have reached a key milestone on their 600-room beachfront resort and waterpark at Dubai’s Deira Islands, with the official formation of the joint venture company and the signing of a management agreement....

Khazna Data Centers (Khazna), the only dedicated commercial wholesale data center provider in the UAE, has announced it is set to double its capacity by the end of 2019, delivering over 24 megawatt (MW) of IT load. The expansion will cover total build-up area of around 31,000 sq m across the...

Analyst says e-commerce competition 'will help change the culture of shopping in the region' Days after Amazon announced the launch of its first Middle East centres, online retailer Noon.com has gone live in the United Arab Emirates, boosting a rapidly nascent e-commerce sector in the...

Plans by Abu Dhabi Financial Group are unveiled for a new luxury mixed-use project in SW1 Plans for a new luxury mixed-use project in London's Westminster - developed by Abu Dhabi Financial Group (ADFG) and UK-based Northacre - were unveiled on Monday. Niccolo Barattieri di San Pietro,...

Developer signs agreement with Thai hotel group Centara Hotels & Resorts to operate 600-room resort, waterpark Master developer Nakheel and Thai hotel group Centara Hotels & Resorts on Monday reached a key milestone on their 600-room beachfront resort and waterpark at Dubai’s Deira...

DUBAI- The President of Mali, Ibrahim Boubacar Keita, has met with DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, to discuss a trade and logistics master plan to unlock the resource rich country’s economic potential. The plan includes a transportation and logistics strategy with...