The service will provide 780 bicycles and 78 stations across Dubai in the initial phase The Roads and Transport Authority and Careem have officially launched a bike rental service in Dubai, the first of its kind in the region. The service will provide 780 bicycles and 78 stations...

The country's hydrocarbon sector grew at 7.6% in 2019 DUBAI: The United Arab Emirates' economy grew at 2.9% year-on-year in 2019, up from 1.7% in 2018, a UAE central bank report said. The country's hydrocarbon sector grew at 7.6% in 2019, while the non-hydrocarbon sector expanded...

Government initiatives are set to stimulate Abu Dhabi's real estate market this year, according to consultancy CBRE Government initiatives are set to stimulate Abu Dhabi’s real estate market this year, according to a new report by global consultancy CBRE. The report shows that...

Dubai Chamber of Commerce and Industry has announced plans to organise its first Global Business Forum ASEAN later this year Dubai Chamber of Commerce and Industry has announced plans to organise its first Global Business Forum ASEAN (GBF ASEAN) later this year as it targets closer...

High exposure to real estate sector, considered potentially higher risk due a slump in property prices, is undermining asset quality Asset quality weakness leading to higher impairment charges weighed on the financial performance of the UAE’s largest banks in the fourth quarter of...

Moody's says proposal to pay $5.15bln dividend will be 'credit positive' to lenders DP World’s plan to delist from the Dubai Stock Exchange will not only return the company to full state-ownership, but also help settle billions of US dollars in accumulated debt. Ratings agency...

Abu Dhabi Government announces intention to procure infrastructure projects this year under its public-private partnership model The Abu Dhabi Government announced on Wednesday its intention to procure approximately AED10 billion ($2.7 billion) of infrastructure projects this year...

Police chief urges Dubai residents to upgrade security after saying victim did not secure his residence against thefts Dubai Police has apprehended a gang less than 48 hours after the robbery of AED20 million ($5.5 million) worth of jewellery from a European expat’s residence in the...

Many employees in Gulf state receive 5 to 10% increase in 2019: Hays Are employers in Saudi Arabia offering more salary hikes than their counterparts in the Gulf Cooperation Council (GCC) region? During 2019, nearly half (45 percent) of working professionals in the kingdom...

This initiative will eventually become a nationwide ecosystem and invited other financial institutions and licensing authorities to join this initiative. Dubai Economy has established a blockchain consortium in partnership with six UAE banks, whereby freelancers and entrepreneurs in...