The size of each aluminium futures and zinc futures contract will be 5 metric tons (MT), denominated and traded in U.S. dollars DUBAI: The Dubai Gold & Commodities Exchange (DGCX) said on Saturday it was launching two new base metal products, aluminium futures and zinc futures....

Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, a deal that would expand the ride-hailing giant’s operations in the Middle East, reported Bloomberg, citing people familiar with the matter.  The companies may announce a cash-and-shares...

A total of 21,014 residential units, including apartments, villas and townhouses, had been completed during the third quarter of 2018 and this year the number of new homes is likely to hit 47,500, said a report by Property Finder, the UAE’s pre-eminent real estate portal. The increased...

To cater to this growth in the maritime industry, nearly $65bln was invested in ports across the UAE in 2018 As the UAE's maritime industry continues to grow - driven by an increasing interest in activities such as sailing, watersports and fishing trips, as well as investments in ports...

Dubai Paperless Strategy saw six government entities reduced paper use by 57% in the last six months. UAE - Smart Dubai is working with nine government entities in the second phase this year in their endeavor to go paperless by 2021, a senior official said at a conference on Wednesday....

Majid Al Futtaim embarks on redevelopment project at City Centre Deira Retail giant Majid Al Futtaim has embarked on an AED377 million ($102.6 million) redevelopment project at its first flagship mixed-use shopping destination, City Centre Deira. The plan aims to elevate the...

National Advisor Bureau Limited says Fujairah-Mumbai Subsea Tunnel Project is currently in its concept stage The National Advisor Bureau Limited, a Masdar City-based consultancy, has announced a futuristic project to connect the UAE with India via a subsea tunnel carrying a high-speed...

The Islamic economy is growing at a 'steady' but 'not rapid' pace. Can Dubai change that? The $6.4 trillion global Islamic economy grew 100 percent from $3.2trn in just six years, with around 1.8 billion Muslims buying halal certified products ranging from tech-smart sports hijabs to...

Abu Dhabi hotels report 78% occupancy despite market seeing double-digit supply growth Abu Dhabi hotels reported their highest January occupancy rates for 11 years on the back of hosting the Asian Cup football tournament, according to new research. Hotels in the UAE capital posted...

New report says food and beverage operators in the UAE have responded to headwinds facing the industry Food and beverage operators in the UAE have responded to headwinds facing the industry by enhancing operations and rationalising costs to maintain margins, while opting to exit...