Construction of Aljada will begin in the first quarter of 2018 DUBAI - Arada, a newly-created United Arab Emirates-based property developer, has secured a 1 billion dirhams ($272 million) Islamic syndicated loan from UAE banks to help fund a major project in the northern emirate of...

The discussions are said to be part of Crown Prince Mohammed bin Salman’s push to make the kingdom more high-tech Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters – part of Crown Prince Mohammed bin Salman’s push to give the...

The non-oil sector will grow 3.7 percent in 2018 and 4 percent in 2019, according to NBK economic update Preparations for the upcoming Dubai Expo 2020 will support growth in the UAE’s non-oil sector, from 3.3 percent in 2017 to 3.7 percent in 2018, according to NBK’s latest economic...

The new prices are inclusive of VAT Petrol and diesel prices in the UAE will go up in January, according to a monthly bulletin from the UAE’s Ministry of Energy. According to the ministry, the price of 98 unleaded gasoline will rise to 0.09 fils to AED 2.24 liter, while 95 unleaded...

Travel is expected to peak once again at the end of the year for Emirates, as the airline expects yet another busy period with visitors flocking into Dubai for New Year’s celebrations. Over 250,000 people are expected to arrive into Dubai from 28 December until just after New Year’s Day,...

Company crossed $54 million in sales in 72-hours in December Dubai Duty Free expects to record over $1.9 billion in sales this year, on the back of a December which could see it posts its highest numbers during the month since 2014, it has announced. Offering discounts of 25 percent...

TVM Capital Healthcare Partners plans to make the investments over the next two years, with the first deal scheduled to close in the second half of 2018 DUBAI - TVM Capital Healthcare Partners, a Dubai-based private equity business, has launched a $250 million fund to invest in areas...

The ‘Flash Sale’ products are based on a researched list of highly sought-after items by shoppers in partnership with Noon’s merchant partners. Treat yourself to the first of its kind online shopping experience that assures tremendous value for customers as Noon rolls out its first annual...

Public transportation under the Executive Regulations Article 45 are specifically exempt, which includes buses, taxis, and the metro. Residents in the UAE, who rely on the public transportation system to get to work and move around, will not have to pay more for the use of public...

Roads and Transport Authority also reveals timings for metro, buses and tram services All paid parking zones across Dubai, except for multi-storey lots, will be free of charge from Sunday December 31 for the New Year holiday. Parking fees will be reactivated on Tuesday January 2,...