Performance of Nurai island pilot facility will be an important test case for similar projects in the region The UAE's first floating solar power plant will start producing electricity off the tiny resort island of Nurai within days. The performance of the pilot facility, which...

Dubai real estate investment trust ENBD REIT is facing opposition to going private from some shareholders who fear the move could further erode its value, two sources said. DUBAI- Dubai real estate investment trust ENBD REIT is facing opposition to going private from some shareholders...

Emaar chairman Mohamed Alabbar says 2019 performance was 'resilient', maintaining growth within a challenging market Emaar Properties on Wednesday reported net profit of AED6.2 billion ($1.7 billion) for 2019, up marginally from AED6.1 billion on the previous year. The Dubai-based...

Roads and Transport Authority has launched the test-run of a wireless electric charging grid in Dubai Silicon Oasis The Roads and Transport Authority (RTA) has launched the test-run of a wireless electric charging grid in Dubai Silicon Oasis. The technology charges electric...

Property Finder research says rate of decline in property prices in Dubai slowed considerably in the second half of 2019 The rate of decline in property prices in Dubai slowed considerably in the second half of 2019 as buyers began to take advantage of the value to be found in the...

Focus of Aldar’s development strategy will centre around its key locations such as Yas Island and Saadiyat Island ABU DHABI - Aldar Properties today announced that it reported a 7 percent year on year increase in 2019 net profit to AED1.984 billion, driven by growth across both its...

FAB has hired Barclays, First Abu Dhabi Bank, HSBC and Nomura to lead the deal DUBAI- First Abu Dhabi Bank (FAB) sold on Wednesday 450 million pounds ($584 million) of three-year sterling-denominated bonds at 98 basis points (bps) over UK gilts, according to an investment note seen by...

Rate of sale price decline slowing down sharply, says Property Finder The price of villas and apartments in Dubai will start going up in 2021, as new project launches are slowing down and investor appetite is going up, according to the latest analysis. “It is likely that prices...

Health Minister says the UAE has sufficient supplies of surgical masks, medical gloves, goggles, and protective clothing The UAE has sufficient stocks of necessary medical supplies such as surgical masks, medical gloves, goggles, and protective clothing to help fight the continuing...

Sharp increase was primarily the result of the relocation of operations by a number of carriers during DXB runway closure in April-May Dubai World Central (DWC) registered a surge in passenger numbers in 2019 with annual traffic exceeding 1.6 million, up by 81.5 percent on the previous...