Aimed at enhancing the country's transportation sector, the strategic project will go a long way in stimulating Cameroon’s economy: official ABU DHABI - The Abu Dhabi Fund for Development, ADFD, has announced the approval of a concessionary loan worth AED55 million (US$15 million) for...

Residents get busy planning out a vacation or a staycation, and others even look forward to Expo at this point in time UAE - With the holiday season and Christmas celebrations combined with preparations for Expo 2020 Dubai in full swing, the hospitality sector is bracing itself for a...

Net profits for Dubai-listed companies jumped 20% to $2.8bln in the third quarter Listed companies in Dubai and Kuwait reported higher earnings during the third quarter of 2019 while corporates across the GCC had a drop of 10.1 per cent year-on-year to $16.8 billion from $18.7 billion,...

Central bank issues warning about malicious phone calls and WhatsApp messages claiming to be from the bank The UAE Central Bank has warned consumers about malicious phone calls and WhatsApp messages claiming to be from the bank, which are of a fraudulent nature. "We at Central...

Department of Culture and Tourism - Abu Dhabi launched the initiative as part of the Year of Tolerance A new initiative showcasing Abu Dhabi's historically significant mosques to tourists was announced on Thursday. The Department of Culture and Tourism - Abu Dhabi launched the...

Billionaire clan behind NMC Health and Finablr has seen its fortune drop by about $820m since short-seller Carson Block issued a report Tuesday It’s been a long week for the Shetty family. The billionaire clan behind UAE-based hospital operator NMC Health and financial services...

New data from Statistics Centre - Abu Dhabi also names Saudi Arabia as the emirate's top trading partner during first nine months of 2019 Abu Dhabi recorded non-oil foreign trade of AED154.4 billion ($42 billion) in the first nine months of 2019, a decrease of 8.8 percent compared to...

A major chunk of the cash that goes into the travel and tourism sector in Dubai comes from international visitors. It goes without saying that Dubai is a tourist haven. While a major chunk of the cash that goes into the emirate’s travel and tourism sector comes from international...

Barcelona-based firm said it raised $165.33mln from Mubadala and other investors MADRID- Spanish delivery startup Glovo said on Thursday it had achieved a valuation of $1 billion, after a new funding round attracted investment from Abu Dhabi sovereign wealth fund Mubadala. The...

Two-storey penthouses are being added to the Samia, Farishta, Shaista and Plaza developments in Al Furjan UAE-based Azizi Developments has launched new sky villas across its residential projects in Al Furjan in Dubai, describing them as a "true game changer". The two-storey...