The Economist Intelligence Unit said supply chain issues, currency exchange rates and lifestyle changes are among reasons for the shift Zurich, Paris and Hong Kong are now the most expensive cities by cost of living, overtaking Singapore and Osaka, Japan, after the COVID-19 pandemic...

The Sharjah Municipality announced the completion of the first environmentally friendly mini-garden made from spare parts of light and heavy vehicles of the municipality were recycled and used after they became unusable. The garden is the first of its kind in the Middle East and is located at...

Initiatives to promote economic growth in financial services by adopting new technology a JERUSALEM- The securities regulators of Israel and Abu Dhabi said on Wednesday they would cooperate in innovation and financial technologies, the latest collaboration after Israel and the United...

S&P also anticipates problem loans to rise amid slowdown Next year may be more challenging for banks in the UAE, as their asset quality and profitability are forecast to weaken on the back of continued slowdown in the economy and real estate sector. Low oil prices, coupled...

Airline to also boost A380 services on Moscow route Emirates has announced it will deploy more A380s and increase flight frequencies on popular routes, including cities in the United Kingdom (UK), to add more long-haul travel options to flyers. The announcement comes shortly after...

Luxury property now 60% sold, says UAE-based developer UAE-based DAMAC Properties has sold out more than half of its upcoming 50-storey tower in London, with some of the buyers coming from the Gulf Cooperation Council (GCC) region, the real estate developer said on Tuesday. The...

The short-term amnesty, which was introduced on May 14, was supposed to end on November 17 People who have overstayed their UAE visas now have until the end of the year to leave the country without having to pay fines, the authorities have announced. The short-term amnesty, which was...

Two emirates climb in Global Cities' Outlook, while Dubai retains spot in Global Cities Index Dubai and Abu Dhabi are fast catching up to major cities in the race for the world’s top destinations for global business despite the challenges they have faced during coronavirus pandemic, a...

Nation scores high in open economy, empowerment amid COVID-19 crisis The UAE climbed four places in the 2020 Prosperity Index by improving its performance in health, education, living conditions and open economy, a new report shows. The Legatum Institute’s latest prosperity index...

A raft of vital initiatives by the Dubai Land Department has helped to improve transparency over the past few years Dubai and Abu Dhabi are ranked high on The Global Real Estate Transparency Index (GRETI), indicating the increasing attractiveness of both emirates as investment hubs...