DAMAC teams up with Swiss jeweller to launch new residential tower Dubai’s DAMAC Properties has announced the imminent launch of a luxury residential tower in Business Bay. The Canal Heights 2 development will have de GRISOGONO-inspired interiors, a bioluminescent infinity pool...

Rothschild, Nomura, EnTrust set up at Dubai International Financial Centre in wealth management boom Dubai International Financial Centre (DIFC) has attracted several notable names recently, taking the total number of wealth and asset management companies to over 300. DIFC is...

The multi-currency facility, equivalent to around $2bn, includes three tranches amounting to EUR600m, $620m, and Dhs2,863m with a tenure of up to 2.5 years AD Ports Group has signed a ‘General Corporate Facility’ agreement with a syndicate of 13 regional and international banks....

The rise represents an 8.4 per cent year-on-year increase, and an average annual increase of 13.7 per cent over the last five years DMCC, the Government of Dubai Authority on commodities trade and enterprise, recorded a record-breaking first quarter of the year, with 708 new companies...

20 schools in Dubai, out of 199, were rated ‘outstanding’ by KHDA Twenty private schools in Dubai were rated ‘outstanding’ in the latest round of school inspections conducted by the Knowledge and Human Development Authority (KHDA). KHDA released the latest figures on Monday, which...

The company’s unaudited combined pro forma results follow its record IPO earlier in March ADNOC Gas, the gas business of ADNOC Group, said its net profit shot up by 37 per cent to $4.9bn on a pro forma basis in 2022, driven by increasing production capacity and a favourable pricing...

Dubai Police will team up with banks and financial institutions to combat economic crime in the UAE Dubai Police’s General Department of Criminal Investigation has signed Memorandums of Understanding (MoUs) with ten banks and financial institutions, to enhance the security system and...

The fuel price committee marginally slashed the rates by 8 fils per litre, after two consecutive months of increases The UAE’s fuel price follow-up committee has reduced petrol prices for the month of April 2023 which will boost disposable income for residents and improve their...

Saudi Arabia and the UAE have agreed to cut oil production until end of the year Saudi Arabia and UAE energy ministries have both agreed voluntary cuts to oil production until the end of the year. From May until the start of 2024 they will reduce output by 500,000 barrels per day...

The project is aimed at easing traffic flow between Al Khaleej Street, Khalid Bin Al Waleed Road and Al Ghubaiba Road Dubai’s Roads and Transport Authority (RTA) has opened two major bridges and a tunnel with a combined capacity of 27,200 vehicles per hour, as part of its $1.4bn...