Dubai Silicon Oasis (DSO), an integrated free zone technology park has posted overall profits of Dh205.7 million ($56 million) in 2017, a surge of 9.5 per cent compared to the previous year. Total revenues reached Dh590.5 million ($160.75 million) during the year marking a growth of 11.2...

Dubai Land Department (DLD) has confirmed that it successfully conducted 8,173 real estate valuations worth over Dh287 billion ($78.1 billion)— the highest value ever recorded — in 2017. According to a report issued by Taqyeem, Dubai’s Real Estate Appraisal Centre, valuations are done for...

Central logistics hub for UAE operations will be built in Dubai Wholesale City Dubai Wholesale City (DWSC) has signed an agreement with UAE-based retail giant Lulu Group International to set up a AED300 million ($81 million) logistics hub. Spanning an area of 1.3 million square feet,...

RTA chief expresses delight at progress on Dubai Metro extension project to link Expo site Dubai's Roads and Transport Authority (RTA) on Saturday announced the completion of 50 percent of main tunneling works on the Route 2020 project which extends the Dubai Metro line to the Expo site....

Emaar Malls says 150-shop expansion offers 'five-star experience unmatched in the region' The Dubai Mall’s expansion of the Fashion Avenue is now open, Emaar Malls said on Saturday, welcoming more than 150 luxury brands. Connoisseurs of style will have a "veritable showcase of...

Air Arabia has unveiled plans to order 100 narrow-body planes at list prices before the end of the year, a deal estimated to be valued at $11 billion, said a report. Air Arabia currently operates a fleet of 50 Airbus SE A320 jets and is looking at the upgraded Neo version, while also...

Dubai Silicon Oasis also reveals that smart city project Silicon Park is now 40% complete Dubai Silicon Oasis (DSO) on Saturday announced that total revenue for 2017 reached AED590.5 million ($160.8 million), up 11.2 percent compared to the previous year. Overall profits at the...

Airport data says Britain's exporters risk being held back by a lack of access to key trading markets including the UAE Britain’s exporters risk being held back by a lack of access to key trading markets including the UAE, new data has revealed. As Britain prepares to leave the EU,...

Etihad Aviation Training, part of Etihad Aviation Group, has relaunched its world-class aviation training organisation with the aim of becoming one of the most comprehensive aviation training facilities in the world. Based at two locations in the emirate of Abu Dhabi, Etihad Aviation...

Fit out operations are under way at major outlets at the mall, says developer Nakheel Construction of Nakheel Mall, the AED1.2 billion ($330 million) retail and entertainment destination at the heart of Palm Jumeirah, is now 85 percent complete. Fit out is also under way at major...