International oil companies being given chance to build their portfolios in the UAE, says RAK Gas chief The Government of Ras Al Khaimah (RAK) on Monday announced the official launch of its 2018 petroleum licensing round and the establishment of the new Ras Al Khaimah Petroleum Authority....

Work began on the site in February Aldar Properties has signed an AED 1.3 billion ($353.9 million) contract appointing Trojan General Contracting LLC as the main contractor its latest waterfront development on Yas Island, Water’s Edge. The contract follows the awarding of an early works...

A mobile crane was dismantling a tower crane at a construction site in Abu Dhabi Abu Dhabi Municipality (ADM) has suspended all activities of the contractor, subcontractor, and consultant involved in a crane crash that crushed multiple parked cars in the UAE capital, Construction Week...

Issuance from the GCC climbed to $22.8bn so far this year Damac Properties hired banks including Barclays and HSBC Bank for a possible sale of US dollar-denominated Islamic bonds, according to people familiar with the matter. The second-largest listed real estate developer in Dubai is...

Lilian Afshar now has 40,000 Instagram followers With Instagram’s community having crossed 63 million across the MENA region last year, more and more brands are opting to start their concepts on the social media platform. 1. L’afshar Designer Lilian Afshar launched L’afshar in...

In total, between the two phases, bridges spanning 5km will be built, along with 17km of new roads Dubai’s Roads and Transport Authority (RTA) has awarded two contracts for roads leading to the Expo 2020 site, worth a total of AED1.3 billion ($350m). The two contracts – for phases 3 and...

Two thirds of 2017 visitors expressed interest in transacting with companies they met at the show Developers of UAE-based projects will be allowed to sell their projects at this year’s Cityscape Global, Dubai Land Department has confirmed. Sales of projects returns to Cityscape last...

The smart typing centres in Dubai are under tight inspection by immigration officers to avoid flaws in the services. UAE - There has been no increase in visa application fees since the introduction of the one-stop Amer centres for residency-related services, immigration officers have...

Mortgage sales have superseded cash sale transactions in Dubai for the past few years. The gradual increase in US interest rates is having a telling effect on UAE mortgage takers. Facing an increase in their monthly installments, they are likely to swap their existing mortgage to go for...