Financing has been secured for the 1.8 gigawatt Hamriyah Independent Power Company in Sharjah Developers have secured about $1 billion in financing for a 1.8 gigawatts (GW) power project in Sharjah. Co-developers GE Energy Financial Services (GE EFS) and Japan’s Sumitomo...

David Phillips served as an air traffic control examiner and had more than 3,000 hours of flying experience A former RAF Wing Commander has been named as one of the four people killed in a light aircraft crash near Dubai International Airport last week. According to UK media...

The UAE's hospitality market is expected to reach $7.6bln by 2022 The UAE's hospitality sector is all geared up for the World Expo 2020 with a significant capacity boost by adding 56,701 rooms that represent 33.6 per cent of the country's existing supply over the next one year....

The number of European visitors to the emirate amounted to 1.01 million in Q1-19 Dubai has topped the most visited destinations by European tourists due to the annual increase in the emirate’s arrivals as compared with other cities across the world. With its various tourism...

Roads and Transport Authority says payment of taxi fare through electronic means hits 3,199,323 transactions in first quarter of 2019 The Roads and Transport Authority (RTA) revealed that the payment of taxi fare through electronic means (nol and credit cards) for taxis operating in...

Fidu Properties, the Chinese company operating in the UAE, says it is bullish about the growth potential of the real estate sector in Dubai Fidu Properties, the Chinese real estate company operating in the UAE, has claimed more tenants are looking to buy a Dubai property as developers...

Jubail Island Investment Company (JIIC) has signed up Gulf Contractors Company to carry out enabling works for its Dh5-billion ($1.36 billion) Jubail Island launched recently in Abu Dhabi. Enabling works entail major earthworks and grading of the site, ahead of the installation of...

Total revenue of hotels in Abu Dhabi grew by 16% to AED 1.7bn in Q1 The number of hotel guests staying in Abu Dhabi during the first quarter of 2019 edged up 0.5% year-on-year to 1.2 million people, according to figures released by the Department of Culture and Tourism - Abu Dhabi (DCT...

Dubai saw 6,700 units being delivered in last quarter: 5,800 apartments and 900 villas With the persistent decline in rentals, the number of UAE residents paying reduced rents compared to last year have increased. However, they have been advised to negotiate prices with landlords...

Jebel Ali Free Zone will become the first in the UAE to return cash and bank guarantees to businesses A Dubai free zone will become the first in the UAE to return cash and bank guarantees to businesses in a push to protect wages of its employees. Jebel Ali Free Zone (Jafza) on...