The ratings agency expects economic growth to remain stable at subdued levels Moody’s Investors Service maintained a stable outlook for the UAE’s banking system, citing banks’ strong capital, stable funding and healthy liquidity that balance weakening asset quality and softening...

A new Spinneys supermarket has opened in DAMAC Properties’ 42 million square feet master development, DAMAC Hills. The new store, which is located near the main entrance of the Trump International Golf Club, was inaugurated by Ali Al Bawardi (Chairman), Johannes Holtzhausen (Vice Chairman), and...

World’s First Open-Fit Active Noise Cancelling Bluetooth Earphones available now HUAWEI Consumer Business Group (CBG) today announced that it will be launching the all-new HUAWEI FreeBuds 3 in the UAE. The world’s first open-fit active noise cancelling Bluetooth earphones, the HUAWEI...

Sources say platform will be based in Abu Dhabi's financial district and operated by Intercontinental Exchange Inc Oil-rich Abu Dhabi plans next year to start a commodities exchange to offer trading in the emirate’s first crude futures contract. The platform will be based in Abu...

Francis Matthew was convicted last year of killing his wife in their Dubai home The defence lawyer acting on behalf of former Gulf News editor Francis Matthew, who was convicted of killing his wife in Dubai, has used the UAE’s Year of Tolerance as a mitigating factor for his jail...

There were 4,774 property sales recorded with the Dubai Land Department in October, the most for 11 years October was a record month for Dubai real estate sales, contradicting reports of a slowdown in the property market. There were 4,774 property sales recorded with the Dubai...

IMF said non-oil growth in the UAE could exceed 1% this year and pick up to 3% next year. DUBAI- The United Arab Emirates is expected to see gross domestic product (GDP) growth of 2.5% next year, the International Monetary Fund (IMF) said. In a statement after a visit to the Gulf...

The project is part of a series of multi-billion investments by the government of Abu Dhabi to diversify its oil-based economy Abu Dhabi International Airport's new terminal is unlikely to meet its new deadline of opening this year, further delaying the multi-billion dollar project,...

All locations on first Monopoly game inspired by Middle East city are revealed at official launch in Dubai Monopoly Dubai, the first regionally inspired version of the iconic board game which was officially launched at the Burj Al Arab Jumeirah, has gone on sale on Tuesday. Dubai...

Majid Al Futtaim announces plan to remove freely distributed plastic items from its supermarkets, cinemas and hotels UAE-based retail giant Majid Al Futtaim has announced its pledge to phase out single-use plastic by 2025. Starting one country at a time, the company will phase out...