Dubai Islamic Bank (DIB) said its board is seriously pursuing a potential acquisition of Noor Bank, a major shari'a compliant lender in the UAE.  The largest Islamic bank in the UAE by total assets, DIB said the board allowed the bank to explore possible acquisition of Noor Bank and...

New resolution, the first such initiative in the region, is part of the first phase of Dubai's legislative framework surrounding the future of transport Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued a new resolution to regulate autonomous vehicle testing in Dubai....

Munira Omar was 32 when she was injured in a road traffic accident in 1991 in Al Ain An Emirati woman opened her eyes and regained consciousness after spending 27 years in a coma induced by a serious brain injury, her family said Wednesday. Munira Omar was 32 when she was injured...

Dr Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, has unveiled the Sharjah World Book Capital 2019 Monument. Developed by the Sharjah Investment and Development Authority (Shurooq), and commissioned by internationally acclaimed UK-based artist Gerry Judah, the 36.5-metre high...

Developer says its market valuation is 40 percent below book value Dubai-based real estate developer Union Properties has gained approval from shareholders to buy back and re-sell up to 10 percent of its shares with a view to improving its share price. The company, which is best...

My City Centre Masdar, the Dh300-million eco-friendly mall with sustainability at its heart, opened in Abu Dhabi on Wednesday.... My City Centre Masdar, the Dh300-million eco-friendly mall with sustainability at its heart, opened in Abu Dhabi on Wednesday. Touted as one of the...

Better public services and sustainability lift UAE's ranking The UAE is the most stable country in the Arab World in 2019, improving its rating further this year due to betterment in its public services, economic sustainability and human capital. The Fragile States Index, released...

Mohamed Alabbar, chairman of Emaar Properties, says shareholders' support 'enables us to create long-term value for the company' The 23rd annual general meeting (AGM) of Emaar Properties has approved the distribution of AED1.07 billion ($290 million) as dividend to the shareholders,...

Property Finder research says developers are progressively reducing the unit size in order to lower prices Developers in Dubai have been progressively reducing the unit size to make properties more affordable for investors and end-users, according to research by Property Finder....

Sheikh Mohammed says the 'unconventional' ministry will function without a minister but with input from the UAE cabinet The United Arab Emirates on Tuesday unveiled a new branch of government, a Ministry of Possibilities, three years after launching a department in charge of happiness....