Ratings agency forecasts recent population decline will reverse as economy picks up Abu Dhabi's GDP growth will edge up to 2 percent this year and continue to gradually climb to 3 percent by 2022, ratings agency S&P Global has said. In a note distributed on Sunday, S&P...

Construction consultancy Atkins says mega projects in Saudi Arabia are driving growth in business UK-headquartered construction consultancy Atkins is looking to double the headcount of its recently opened office in Riyadh by the end of 2019. Adrian Lindon, the company's managing...

S&P Global projects economic growth in Abu Dhabi to accelerate to 2% this year from 1.8% in 2018 Abu Dhabi’s economic growth will average 2.5 percent in the four years through 2022 as it benefits from higher oil production and prices, S&P Global Ratings estimated. Abu...

Urent launched its fully-operating website recently to introduce the concept to the UAE and onboard as many users a possible. The official launch on all platforms will take place on June 29. UAE - Urent, an online platform that is set to revolutionise the UAE car rental industry by...

$7.35bln paid in 2018, surpassing government target of $3.26bln; revenue seen growing more this year UAE residents paid Dh27 billion in value-added tax (VAT) last year, surpassing the government's target of collecting of Dh12 billion, an increase of 125 per cent. It even surpassed the...

Abu Dhabi's manufacturing sector grew by nearly 6% last year, becoming the third largest contributor to the non-oil economy Abu Dhabi's manufacturing sector grew by nearly 6 percent last year, becoming the third largest contributor to the non-oil economy, it has been revealed. A...

Statistics Centre - Abu Dhabi figures show the number of hotel rooms in UAE capital has increased to more than 33,000 Hotel revenues in Abu Dhabi increased 16.1 percent in Q1 to around AED1.7 billion ($460 million) from AED1.48 billion in the year-earlier period. According to the...

Supermarket retailer Spinneys reveals UAE expansion plan as it opens its second store in Ajman Retailer Spinneys has announced plans to open a further eight supermarkets in the UAE this year, as it prepares to launch operations at its second outlet in Ajman. Measuring more than...

The amazing tale of how Colm McLoughlin became the driving force behind Dubai Duty Free's $2bn success story Colm McLoughlin, executive vice chairman and CEO of Dubai Duty Free, will celebrate 50 years in the duty free industry on June 1. Widely recognised as an industry legend...

Dubai Municipality aims to revitalise traditional markets and reinforce role as a major cultural and tourism attraction Dubai Municipality on Saturday announced the completion of a project to revive the traditional markets of Deira. The project aims to revitalise the area’s...