Developer Alef says Al Mamsha project in Sharjah is being fast-tracked to complete it in record time Alef Group, a Sharjah-based real estate developer, has confirmed that its AED3 billion ($810 million) Al Mamsha project is being fast-tracked to complete it in record time. The...

English champions Manchester City registers record revenues in a record-breaking 2017/18 campaign on the pitch English champions Manchester City posted record revenues of £500.5 million ($652 million) in a record-breaking 2017/18 campaign on the pitch as Pep Guardiola's men romped to...

UAE nationals can travel visa-free to 157 countries world wide The UAE passport has moved up the ranks again among the most powerful in the world. Dr Anwar Gargash, the UAE's Minister of State for Foreign Affairs, had tweeted early Thursday morning, "Good morning to all my...

Cepsa could announce the IPO as early as next week, pending final approval from the emirate’s rulers. Abu Dhabi is set to cash in significant gains as its Mubadala Investment pushes ahead with an initial public offering for Spanish oil firm Cepsa, in what could be the largest such deal...

Global Financial Centres Index shows Dubai rises four places as registered DIFC companies exceed 2,000 Dubai has jumped four places to 15th in a new global ranking of financial centres, ahead of neighbouring Abu Dhabi. The Global Financial Centres Index, produced by China...

UAE Banking Pulse report reveals that operating income and net interest margins at UAE banks were significantly higher in Q2 Profitability among the UAE's biggest banks continued to improve during the second quarter of 2018, according to a new report. Global professional services...

Drake & Scull refutes reports suggesting shareholders will meet later this month to decide whether to dissolve the company Dubai construction company Drake & Scull on Wednesday played down reports suggesting shareholders will meet later this month to decide whether to dissolve...

Arada has announced that construction of phase 1 of its Nasma Residences project in Sharjah is now 60% complete Developer Arada has announced that construction of phase 1 of its Nasma Residences project in Sharjah is now 60 percent complete, with plans to start handing over units at...

Senior official says Expo 2020 metro station is 'starting to take shape' while steel production is ongoing for Al Wasl Plaza Construction of the second phase of the Expo 2020 Dubai site is on track for completion before the end of 2018, according to the mega-project’s vice president of...

Shareholders to decide whether to keep company operating DUBAI - Shares in loss-making Dubai builder Drake & Scull plunged on Wednesday after it said shareholders would meet to decide whether to dissolve the company, although the board insisted the firm would seek to continue...