Saudi Arabia had the biggest climb in the world rankings, up 13 places to 26th The UAE has ranked first in the region in the IMD World Competitiveness Rankings and entered the first five globally for the first time, it was announced on Tuesday. According to the rankings, the UAE –...

Novus Aviation Capital has plans to double its portfolio to reach 150 aircraft under management worth $10bn Dubai-based aircraft lessor Novus Aviation Capital is looking towards East Asia for opportunities amid an ambitious global expansion plan, according to managing director Mounir...

UAE Cabinet has adopted a decision to amend and waive fees in a bid to cut business costs and increase competitiveness Fees are to be waived or amended for more than 1,500 government services in the UAE in a bid to cut costs to businesses and increase competitiveness. According to...

UAE economy grew 0.5 per cent in 2017 and 1.7 per cent in 2018 The UAE economy is projected to grow faster this year, which would be third consecutive year of higher growth annually, official figures showed on Tuesday. According to the UAE Central Bank's annual 2018 report, the...

The UAE jumped from the seventh place last year to the fifth position in 2019. The UAE government's efforts to make the country's economy among the world's most competitive economies is paying off year-on-year as it achieved the first rating in 20 sub-indices and the second ranking in...

The UAE's non-oil foreign trade, including direct and free zone trade, and customs warehouses, reached a total of Dh1.628 trillion ($440 billion) in 2018, according to a report by the Federal Customs Authority (FCA). In a statement released on Tuesday, the FCA said that direct non-oil...

South Korean builder Ssangyong Engineering & Construction (Ssangyong E&C) said it has won a contract worth KW200 billion ($168 million) from UAE-based wasl Asset Management Group for the construction of a 44-storey residential building, Dubai 1 Residence, within its key community...

The Eid Al Fitr holidays for the UAE's private sector will begin on Monday (June 3) until 3rd of Shawwal, with work to resume on 4th of Shawwal, the Ministry of Human Resources and Emiratisation has announced. This came in a circular issued by Nasser bin Thani Al Hamli, Minister of Human...

Shake-up of rules governing the sector look set to continue as Securities and Commodities Authority steps up oversight Asset managers are gearing up for growth ahead of new rules from the Emirates Securities and Commodities Authority (SCA) and the Insurance Authority (IA) that could...

French investigators say video footage shows light aircraft encountered 'possible wake turbulence' at about 1,100ft The crash of a light aircraft near Dubai International Airport, in which four people were killed, may have been caused by turbulence, according to a preliminary report....