Projects face disruptions in transport of labour, materials Work on residential projects in the UAE has continued despite the coronavirus pandemic, but developers and contractors are likely going to face some delays. The majority (90 percent) of housing projects that kicked off in...

Murban for March sold at a $1.88 premium over the regional benchmark before plunging to discounts. For July, it will sell at a $1 premium Abu Dhabi boosted pricing for its main Murban crude grade one day after Saudi Arabia posted sharply higher prices of its own, adding weight to...

The combined conglomerate will operate across real estate, tourism, hospitality, leisure and entertainment and investments Dubai developer Meraas has been added to the portfolio of conglomerate Dubai Holdings, it was announced on Tuesday. Both the companies, which were...

Expat exodus is a major risk to consumer demand growth in the country, says analyst It will take the UAE more than year to pull consumer spending from the coronavirus slump, according to a market research firm. As people continue to grapple with uncertainty and decline in income...

The GCC economies will contract 4.1% in 2020 but the oil-exporting nations will bounce back with 2.2% growth next year World Bank on Monday projected 4.5 per cent economic contraction in the UAE's economy this year due to impact of coronavirus and shutdowns imposed to contain virus....

Manchester City, Barcelona and Juventus academies return to training following weeks of closure due to COVID-19, while Real Madrid, Arsenal, Liverpool and Manchester United wait for green light DUBAI – Some of Dubai’s top football academies, including Manchester City, Barcelona and...

The first four shelters are already operational, with plans to construct a total 1,550 over the next 3-4 years Dubai’s Roads and Transport Authority (RTA) has unveiled its new generation of bus shelters at four locations within the emirate, built in association with the private sector....

From waiving certain fees to offering rental relief, DIFC is implementing several steps to help firms during the current Covid-19 crisis Dubai International Financial Centre (DIFC) is offering a range of stimulus measures including fee waivers and rental relief to support businesses...

The consulate added that the storm, accompanied by heavy winds and rain, is expected on Saturday evening or Sunday morning The UAE consulate in Houston has issued a weather alert for citizens located in Louisiana – New Orleans and surrounding areas, advising them to be cautious in...

The next six to nine months will be “tough” for the aviation industry As airlines across the world gradually resume services, the option of leaving ‘middle seats vacant’ is neither economically viable nor sustainable, Emirates president Tim Clark has said. Social distancing...