Mortgage sales have superseded cash sale transactions in Dubai for the past few years.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...

Eco-friendly vehicles have made more than 64,000 trips since launching in September Tesla electric vehicles operating as part of the Dubai Taxi fleet have made more than 64,000 trips since being launched in the city last September. The vehicles have made a total of 64,186 trips,...

New research says the UAE will award a third of the region's construction contracts this year Rising oil prices and increased government spending is fuelling demand in the GCC’s construction sector, with contractor awards across the region’s markets expected to be worth $148.7 billion in...

Ras Al Khaimah's Al Hamra says all subsidiaries too be brought under one umbrella brand UAE-based Al Hamra, Ras Al Khaimah’s largest real estate developer and investment company, has announced plans to bring all subsidiaries under one umbrella in a major branding shake-up. Entities...

Dubai Crown Prince says October event will raise the profile of emirate as a strategic and futuristic city Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of The Executive Council of Dubai, has issued directives to start preparations for the fourth...

Emirate is ranked fifth cheapest for luxury holiday getaways in new global list Sharjah has been named as one of the world's best holiday destinations to enjoy five-star luxury that won't break the bank. The Northern Emirate ranked fifth on the research compiled skyscanner.ae/hotels,...

United States has approved a possible foreign military sale to the UAE for hundreds of Sidewinder missiles The United States has approved a possible foreign military sale to the UAE consisting of hundreds of Sidewinder missiles in a deal worth more than $240 million. The State Department...

Mix of content will be available including 3D & 2D movies, box sets, documentaries and 360-degree videos Emirates is providing an immersive cinematic experience in its lounges in Dubai International Airport by providing Skylights theatre headsets to customers. The headsets are being...

Sources say embattled buyout firm is seeking to placate investors following allegations of misused funds Abraaj Group is cutting about 15 percent of its total workforce, according to people with knowledge of the matter, as the Middle East’s largest buyout fund seeks to trim costs, placate...

Dubai Health Authority says it is also discussing the use of headgear to detect strokes Dubai Health Authority (DHA) is planning to use artificial intelligence to develop 24/7 remote general practitioner consultations. DHA said it has selected four firms for the fourth cohort of the...