Arabtec Holding, a leading engineering and construction group, said one of its subsidiaries, Arabtec Construction has won a Dh311-million ($84.6 million) contract from Dubai 2020 Expo for the construction of the public realm in concourses and arrivals plazas at the mega project site. The...

UAE-based Etisalat has posted a net profit of Dh2.3 billion ($626 million) after Federal Royalty for the third quarter (Q3) of the year, marking a net profit margin of 17 per cent as revenue grew two per cent to Dh13.2 billion as compared Q3 2017. The group reported Dh39.4 billion in...

Damac Properties, a leading UAE-based luxury project developer, said it has awarded contract worth Dh299 million ($81.3 million) for the construction of 478 luxury villas within its Akoya Oxygen, a master community development in Dubai. The contract was secured by a wholly-owned subsidiary of...

Abu Dhabi developer reveals construction progress on number of its projects in the UAE Aldar Properties on Wednesday said Meera, its master-planned community on Reem Island, is almost complete ahead of the start of customer handovers this quarter. Also on Reem Island,...

Sheikh Mohammed bin Rashid Al Maktoum praises the ambitious economic vision of Saudi Arabia Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has praised the ambitious economic vision of Saudi Arabia. He said Saudi Vision 2030...

ADNOC chief executive Sultan Al-Jaber wants to grow energy links between UAE and Saudi Arabia The Abu Dhabi National Oil Co. (ADNOC), is exploring opportunities for further cooperation in energy and petrochemicals with Saudi Arabia, it emerged at the Future Investment Initiative (FII)...

Vedder, Depa's European-based key business unit, has secured the interior fit-out packages for two new-build superyacht projects Dubai-based Depa Limited, the interior fit-out firm that worked on the Burj Khalifa, has announced two project awards with a total value of EUR36 million...

Emirates aircraft on route from Dubai to Boston makes an emergency diversion at Shannon Airport An Emirates aircraft on route from Dubai to the US city of Boston has reportedly made an emergency diversion to Shannon Airport, Ireland after a passenger became unwell. Local media...

The Federal Tax Authority (FTA) will introduce a new biannual tax period next month for certain sectors, said Khalid Ali Al Bustani, directo... The Federal Tax Authority (FTA) will introduce a new biannual tax period next month for certain sectors, said Khalid Ali Al Bustani,...

Emirate is region's only city to find place in Global Power City Index Dubai has retained its top position in the Mena region among the world's top 44 powerful cities in terms of economic strength, research and development, cultural interaction, liveability, environment and...