Profitability continues to rise with operating income and net interest margins significantly higher UAE - The 10 largest listed banks in the UAE maintained increasing levels of confidence in the second quarter by recording increased lending activity and a higher return on credit,...

Etihad and Emirates publicly deny merger talks but an exploratory look at operations remains on the table, according to the people who asked not to be identified A combination of Dubai-based Emirates and Abu Dhabi’s Etihad would be the airline industry’s deal of the decade, if it can...

REIT listings are already available on the Nasdaq Dubai Dubai Financial Market (DFM) has said it will launch a new real estate investment trusts (REITs) platform in the coming months after publishing new regulation. The emirate's stock exchange said the new regulation for REITs...

Emirate's Department of Economic Development has issued permits to 163 free zone companies Dubai's Department of Economic Development (DED) has issued permissions to 163 free zone companies that will allow them to operate in the Emirate's mainland. The move comes after the DED and...

Private K-12 education sector growth rate is growing three times faster than GDP Favorable demographic statistics see the UAE leading the growth of the private K-12 education sector in the Middle East, according to a new report by LEK Consulting. Schools in the UAE account for 60...

Emirate a top global destination for technology transfers like artificial intelligence, robotics Dubai attracted $21.66 billion worth of foreign direct investment in high-end technology transfers in three years to emerge as the top global destination for FDI in technology transfers...

Nakheel already has more than 28,000 international customers with investments of $34bln Dubai – Dubai master developer Nakheel recently announced plans for Dubai expansions and investments. While the company's projects are focused in Dubai, Nakheel does have a project in neighbouring...

IHCL currently operates the Taj Hotel in Business Day, and has two new hotels in the pipeline, Taj Jumeirah Lake Towers and Taj Exotica Resort and Spa on the Palm Jumeirah The Indian Hotels Company Limited (IHCL) has announced the signing of a new Taj Hotel in Dubai’s Deira Creek, the...

Mubadala was merged with Abu Dhabi Investment Council in March this year Abu Dhabi’s Mubadala Investment Company announced profits of $2.96bn (AED10.9) for the first six months of this year. The income was driven by strong public equities performance and its petroleum firms,...

Bloomberg reported that Emirates airline is seeking to takeover the main airline business of Etihad Airways Etihad Airways and Emirates airline have moved swiftly to deny that there are any talks about a posible takeover of the Abu Dhabi carrier by its Dubai-based rival. Bloomberg...