Gulf General Insurance Company (GGICO) has signed a restructuring deal on a debt pile of $584 million (2.1 billion UAE dirham) after negotiating agreements with a majority of its creditors, the company said in a press release. Dubai-based GGICO, which has been in business since 1973, has...

The noon.com e-commerce online retail platform first announced by Emaar Properties chairman Mohamed Alabbar in November last year has finally been launched. As exclusively revealed by Zawya last week, the platform has finally gone live after months of delays, with the app available for...

Emirate listed second in ranking of 100 cities around the world Dubai has been ranked as the second best city for driving, according to a new German survey. Ranked across a range of factors, Dubai came in second in the list of 100 cities worldwide, behind the German city of...

Travelling between any two points on the globe would take less than an hour Dubai to London or New York in 29 minutes? Or Sydney in 40 minutes? It’s all part of Elon Musk’s latest plan to build a new rocket ship - code named “BFR” - capable of traveling anywhere on Earth in under an...

The Christie's Auction House and de Grisogono Jewellers will put up on display the world's largest pure colourless diamond at "The Art of de Grisogono" exhibition in Dubai from October 17 to 19. The expo and auction is aimed at showcasing a selection of the finest diamonds in the world. The...

Palma Holding, a leading UAE-based group which operates across three main divisions of real estate development, sales and leasing and property management, has signed partnerships with four premium brands Dada, Dedon, Molteni&C and TechnoGym – for its Dh1.5 billion ($408 million) Serenia...

The Tourism Development and Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, has announced its first retail offering in Saadiyat Cultural District as an opportunity for business investors to lease food and beverage (F&B)...