UAE’s continued success in exceeding the 0.7% United Nations target for the sixth consecutive year ABU DHABI - The United Arab Emirates announced that its total foreign aid contributions in 2018 exceeded AED28.5 billion (US$7.79 billion) to 42 countries. The UAE Ministry of...

70.4% of the new licences were professional, 27.7% were commercial UAE - The Department of Economic Development (DED) in Dubai issued 3,818 new licenses for various professional, commercial, industrial and tourism activities in November. This comes in line with the continuing...

Survey found emirate was the cheapest long haul beach resort for British travellers The strength in the pound sterling over the last year has meant Dubai is one of the best long haul destinations for British holidaymakers, according to a survey by Post Office Travel Money this week....

UAE-based NMC Health shares gained 34% on Monday after the company said it plans an independent review of assertions made in report UAE-based NMC Health shares gained on Monday after the company said it plans an independent review of assertions from “certain third parties,” partly...

Emaar Properties is selling the observation decks of the world's tallest skyscraper the Burj Khalifa, four sources told Reuters, potentially raising $1bln DUBAI- Emaar Properties is selling the observation decks of the world's tallest skyscraper the Burj Khalifa, four sources told...

Investment plan revealed after DP World wins 30-year concession from the Saudi Ports Authority Dubai-based DP World has been awarded a 30-year concession by the Saudi Ports Authority (Mawani) for the management and development of the Jeddah South Container Terminal at Jeddah Islamic...

The Bank of New York Mellon (BNY Mellon) has opened a representative office at Abu Dhabi Global Market (ADGM) to provide support for existing and prospective clients in the region, seeking access to the firm’s global capabilities. BNY Mellon has been in Abu Dhabi since 1998 and has been...

Additional stake in Saudi Tabreed amounts to $34.4mln Dubai-listed National Central Cooling Company PJSC (Tabreed) has increased its stake in Saudi Arabia-based district cooling firm Saudi Tabreed to 28 percent from 20 percent. Vision Invest (known as ACWA Holding previously) and...

Roads and Transport Authority announces key stage in major roads project will open on Sunday Dubai’s transport authority will on Sunday open phase 6 of the roads network leading to the Expo 2020 site. The Roads and Transport Authority (RTA) said the project has been undertaken in...

Marella Discovery marks the first time a visiting ship dropped off arriving guests and welcomed new visitors during its stay at Fujairah Port Fujairah Terminals, wholly-owned by Abu Dhabi Ports, has celebrated the official start of the 2019-2020’s cruise season with the first-ever...