New research shows Saudi Arabia and the UAE to plough billions into expanding tourism offerings over the next few years More than $23 billion worth of hotel construction contracts are scheduled to be awarded in the Middle East and North Africa by 2023, according to new research....

Contracting major says statement issued by Khaldoun Tabari 'lacks credibility and is not supported by evidence' Dubai-based Drake and Scull International on Monday hit back at claims from its former CEO Khaldoun Tabari that allegations of embezzlement and fraud were "unwarranted...

Palma Holding unveils exclusive presidential penthouse, located at Serenia Residences on the crescent of The Palm Jumeirah A Dubai developer has unveiled its most exclusive presidential penthouse, located at Serenia Residences on the crescent of The Palm Jumeirah, priced at AED55...

Starting its operations in Jeddah before expanding to Riyadh later this month Dubai-based tech startup Justmop.com, a popular digital home cleaning app in the region, has announced that it has expanded into Saudi Arabia. Starting its operations in Jeddah before expanding to Riyadh...

Men accounted for 86% of all very high net worth individuals Population of very high net worth individuals (VHNWIs), those with a net worth of $5 million (Dh18.35 million) to $30 million (Dh110 million), grew one per cent to 73,680 in the Middle East while their wealth also grew at the...

Global Women’s Forum Dubai to be held under the theme ‘The Power of Influence’ from 16-17 February DUBAI - Ivanka Trump, Advisor to the President of the United States of America today said that the United Arab Emirates is taking bold leadership in advancing women’s empowerment in the...

Two new patients who had recovered were also Chinese citizens ABU DHABI - The UAE Ministry of Health and Prevention announced today that two new Coronavirus patients admitted into one of the country’s hospitals had recovered, bringing the number of recovered cases to three out of a...

Azizi Developments makes pledge as it starts handover of homes at its Samia project in Al Furjan UAE-based Azizi Developments has announced it plans to complete 14 real estate projects in Dubai this year as it finished work on Samia, its residential and commercial development in Al...

Dubai developer blames bank financing costs and a 'stagnation' in the real estate sector for 2019 performance Dubai-based Union Properties on Thursday announced AED218.8 million ($59.5 million) net losses for 2019, blaming bank financing costs and a "stagnation" in the real estate...

Lulu Group chief announces plans to open new stores in Abu Dhabi, Dubai and Sharjah over the next two years UAE retail giant Lulu Group has announced that it will open 20 hypermarkets within the next two years in the country. According to Yusuff Ali MA, chairman and managing...