This is in line with recent government directives that restrict the entry of travellers. Dubai-based Emirates airline has announced temporary flight suspensions. The suspensions are for flights from Dubai to South Africa and from Nigeria (Lagos and Abuja) to Dubai until March 10,...

Rental rates, prices will continue to be under pressure, says Asteco Dubai is likely to see the delivery of more than 41,000 new apartments and villas in 2021, higher than the estimated 34,050 residential units that were completed over the course of 2020, property consultancy Asteco...

The deposits and current balances increased to around $52.31bln in December 2020 ABU DHABI - The total assets of the Central Bank of the United Arab Emirates grew 6.6 percent to AED470.5 bn by the end of December 2020, CBUAE latest statistics have showed. The significant growth is...

Dubai placed third in the ‘FDI Global Cities of the Future2021/2022’ report’s overall global rankings UAE - The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, helped the emirate lay solid foundations for...

180,340 additional COVID-19 tests conducted over the past 24 hours ABU DHABI- The Ministry of Health and Prevention, MoHAP, announced that it conducted 180,340 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on...

Company reports 59% fall in net profit for 2020, says operations remain fully operational UAE’s energy firm Dana Gas said Thursday that it aims to advance the development of its assets in the Kurdistan Region of Iraq (KRI). The company, which operates production and exploration...

Chairman says they remain confident about fundamentals of aviation sector Air Arabia is looking to continue expanding its network this year despite the challenges posed by the coronavirus pandemic, the company’s chairman, Sheikh Abdullah Bin Mohamed Al Thani, said. The airline’s...

Low-cost airline reduced net loss for the full year achieved despite continued impact of Covid-19 on the aviation industry Air Arabia on Wednesday said its net profit plunged 90 per cent in fourth quarter of 2020 as the global and regional aviation industry continues to deal with the...

Dubai Mall owner offered $272mln in rental relief in 2020 The retail sector in Dubai has withstood the shock of the coronavirus pandemic, with occupancy levels remaining resilient throughout the crisis last year, according to Emaar Malls, the retail arm of UAE’s top developer Emaar...

The Dubai Health Authority (DHA) called on all COVID-19 close contact cases to complete the entire 10-day quarantine period to help prevent the spread of the disease. The authority also highlighted 10 practices close contacts must avoid while they quarantine for 10 days. A close...