UAE-based Meraas has unveiled its plans for Central Park at City Walk, a new exclusive residential neighbourhood which will surround a 40,000 sq m private park in the heart of Dubai. A Dubai-based conglomerate, Meraas aims to enhance the emirate’s cityscape with a human-centric approach to...

UAE companies received 35% of the deals while 65% were awarded to foreign firms The UAE has awarded 104 defence contracts worth more than Dh20.35 billion to local and international companies over the five days of the International Defence Exhibition (Idex 2019) that ended on Thursday....

Dubai telecoms operator announces record revenue in 2018, says search to find successor to Osman Sultan has entered active phase Emirates Integrated Telecommunications Company, better known as du, on Wednesday announced a 2.4 percent rise in 2018 net profit after royalty fee to AED1.75...

Roads and Transport Authority starts using robots to clean metro stations as part of drive to use artificial intelligence technology Dubai’s Roads and Transport Authority (RTA) has embarked on using robots in cleaning metro stations as part of efforts to introduce new techniques driven...

Experts from Property Finder believe that the exits are a 'much-needed' sign of consolidation in the industry A total of 486 property companies and real estate brokerages failed to renew their licences in 2018, according to new data collated by real estate portal Property Finder....

Dubai real estate giant responds to reports and blogs circulated online citing an alleged Emaar circular to real estate brokers Emaar Properties, Dubai’s biggest publicly traded developer, on Wednesday denied reports of plans to accept payments in digital currencies. “Emaar does...

Carrier's total annual revenue grew 12.4 per cent to Dh6.2 billion compared to Dh5.5 billion last year Dubai - Budget carrier flydubai on Wednesday said it posted Dh157 million profit in the second half of 2018 but recorded Dh159.8 million loss for the full-year, hit by fuel costs....

The UAE economy, and the banking sector in particular, remained resilient in 2018, despite a challenging environment across global markets, ... The UAE economy, and the banking sector in particular, remained resilient in 2018, despite a challenging environment across global markets,...

UAE earns place in the global top 10 for the second year in a row in KPMG's Autonomous Vehicles Readiness Index The UAE has earned a place in the global top 10 for the second year in a row in KPMG’s Autonomous Vehicles Readiness Index (AVRI), which evaluates how prepared countries are...

Abu Dhabi-based telecoms operator says global subscribers rise 1% to 141 million UAE-based Etisalat Group announced on Tuesday a 2.4 percent rise in annual net profit of AED8.6 billion ($2.3 billion) after Federal Royalty. Twelve-month consolidated revenues reached AED52.4...