Emaar Economic City, a joint venture between the Saudi government and Dubai's Emaar Properties, is the firm developing King Abdullah Economic City Fahad Al Rasheed, the CEO of Emaar Economic City, has resigned from his position, the company announced through a statement on Tadawul, the...

Developer Meraas unveils the first details of Port de La Mer, a new residential neighbourhood at La Mer in Dubai Developer Meraas has revealed the first details of Port de La Mer, a new residential neighbourhood at La Mer in Dubai. Inspired by the allure of the Mediterranean, the...

Abu Dhabi and Dubai accounted for around 85% of the licenses issued by the end of August The number of business licences issued in the UAE by the end of August, increased to 532,000, a growth of 9 per cent over the end of 2017, a media report said. Abu Dhabi and Dubai accounted...

Roads and Transport Authority says it has embarked on phase 4 of the Driverless Vehicles Project on a track extending 1,250 metres in Dubailand Dubai's transport authority has started a trial run of a driverless vehicle with Sustainable City in Dubailand. Dubai’s Roads and...

Mubadala Petroleum has bought a 44% stake in Gazprom Neft-Vostok Abu Dhabi's state-owned Mubadala fund has completed a deal on investment in oil production in Russia's western Siberia, the Russian Direct Investment Fund, a partner in the deal, said in a statement on Wednesday....

All passengers were advised to call a doctor if they developed symptoms later Eleven people on an Emirates airline flight were taken to a New York City hospital suffering flu-like symptoms on Wednesday after scores of passengers and crew complained of feeling sick during a 14-hour trip...

Dubai-based low cost carrier says it took a big financial hit from the rising cost of fuel during the first six months of 2018 Dubai-based flydubai on Wednesday reported a half-year loss of AED316.8 million ($86.3 million) as the airline took a big hit of fuel as oil prices rose....

Ratings lowered for state utility, real estate firm DUBAI- S&P Global Ratings cut its credit ratings for two Dubai state-owned companies, saying a weakening economy in the emirate was hurting the government's ability to extend emergency support to the firms if needed. The...

Non-oil growth in UAE is lowest for five months, but remains in positive territory Non-oil growth in the United Arab Emirates (UAE) slowed to its lowest level for five months in August, new data showed on Tuesday, as employment numbers fell. Emirates NBD's Monthly Purchasing...

Emirates NBD survey shows UAE private sector performance fell to a five-month low in August Employment in the UAE’s non-oil private sector was the slowest in August since 2009, according to the Emirates NBD Purchasing Managers’ Index (PMI). Due to the slowdown in employment, the...