Lack of familiarity and interest among Chinese investors in Middle Eastern start-ups. Careem, Uber's main Middle East rival, is looking at raising between $100 million and $200 million from Chinese investors, a source with direct knowledge of the matter told Reuters. Investment...

Kleindienst Group has announced it has successfully sold all 32 luxury villas on Germany Island as second homes Kleindienst Group, the creator of The Heart of Europe, has announced it has successfully sol all 32 luxury villas on Germany Island as second homes. The island, part of...

Ride-hailing app says Emiratis will be able to drive for Uber using their private vehicles on a full-time or part-time basis Uber announced on Monday the relaunch of its services in Abu Dhabi, in collaboration with the city's Department of Transport. Uber said under the relaunch...

Dubai Future Foundation announces the completion of the Museum of the Future's structure, set to open in 2020 Dubai Future Foundation (DFF) has announced the completion of the Museum of the Future’s structure. Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and the...

Planet, a new entity recently appointed by the UAE’s Federal Tax Authority (FTA) will operate the Tourist Refund Scheme (TRS) at Dubai International (DXB), said a statement from Dubai Airports. This closely follows the recent announcement by the FTA, outlining conditions and procedures for...

UAE-based Al Farwaniya Property Developments said work on its $1.2-billion Abu Dhabi retail, dining and leisure destination, Reem Mall, is progressing at a steady pace with more than 200,000 cu m of reinforced concrete already cast in place. The main construction work on the project began...

UAE-based Al Ghurair Properties has announced that four of its new residential projects in Deira, Dubai are all set for delivery. A real estate development arm of Al Ghurair Investment, the company said these are part of the 58-building project being developed at an investment of Dh5...

"We are implementing the sanctions," Abdullah al-Saleh, undersecretary for foreign trade and industry, said in an interview in Dubai. DUBAI- The United Arab Emirates is fully complying with sanctions imposed this month by the United States on Iran even though it will mean a further...

The UAE last month approved a new law aimed at attracting more investments into the country The United Arab Emirates is expecting a 15-20 percent increase in the flow of Foreign Direct Investment (FDI) into the country between the end of this year and 2020, boosted by a new Foreign...

Forum Group says its Mediterranean-style XXII Carat villas project will start welcoming its first residents in January Forum Group, the company behind the Mediterranean-style XXII Carat villas project, has announced that it will start welcoming its first residents in January. The...