For every AED1 spent at GITEX, 4.5 times was generated in sales value for Dubai's wider economy - report The growing economic impact of GITEX Technology Week has been revealed in a new report which put its value at AED1.6 billion ($440 million) to Dubai's GDP. The GITEX Technology...

HyperloopTT will begin the process of integrating their full-scale passenger capsule for passenger trials as early as 2020 The commercial operations of super high-speed hyperloop transportation in the UAE’s capital is likely to be realized only by 2023, however the trial runs could...

The seasonally adjusted IHS Markit UAE Purchasing Managers' Index, which covers manufacturing and services, stood at 51.1, unchanged from September DUBAI - The United Arab Emirates non-oil private sector grew in October at the slowest rate since May 2010, matching the low hit the...

More than 50% of respondents see MENA as primary pick for cross-border growth UAE business confidence is rising as the country prepares for Expo 2020 Dubai, an HSBC survey revealed. The HSBC survey, ‘Navigator: Now, next and how for business’, found that 83 percent of businesses...

While the UAE central bank hasn't agreed on specific details, it will 'study and make recommendations in light of the recent developments' in Lebanon The United Arab Emirates said it’s “studying” possible aid to Lebanon, raising the prospect of a lifeline to the beleaguered country as...

UAE banks can currently lend as much as 20% of customer deposits to the property industry The United Arab Emirates’ central bank is working on new rules that will loosen the cap on bank lending to the struggling real-estate industry. UAE banks can currently lend as much as 20% of...

Sheikh Mohammed called on 49 Emirati artists to participate in designing the UAE nation brand logo UAE - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi...

The Emirate recorded up to 14,974 real estate transactions over July, August and September Real estate transactions have recorded AED4.2 billion in the Emirate of Sharjah during the third quarter of 2019, while the total areas covered in the "sales transactions" in the emirate reached...

Mikhail Likhachev, Russia National Coach, wants his team to overtake Brazil to become the more decorated team at the Intercontinental Beach Soccer Cup The three-time Intercontinental Beach Soccer champions Russia have only one idea in mind: Winning their fourth crown in Dubai and...

A continued lack of demand and drive from occupiers to lower costs has seen Dubai office rental rates fall A continued lack of demand and drive from occupiers to lower costs has seen Dubai office rental rates fall on average by 8.4 percent in the year to the end of September, according...