Dubai's Meraas Holding, a real estate developer owned by the government, issued a $400 million sukuk last week selling it privately to a select group of investors, sources familiar with the matter said on Thursday. The Islamic bond, with a five-year maturity, was priced at par with a 5.112...

A robotic policeman which can help identify wanted criminals and collect evidence has joined Dubai's police force and will patrol busy areas in the city, as part of a government programme aimed at replacing some human crime-fighters with machines. If the "Robocop" experiment is successful,...

Faithful+Gould, a leading project management consultancy, has been awarded a four-year contract by Miral, Abu Dhabi's leading creator of destinations, for the first phase of its Dh12-billion ($3.3 billion) master development Yas Bay. Located in the south of Yas Island, Abu Dhabi, the project...

The airline’s passengers can benefit from deals and discounts in Dubai between June 1 and August 31 Dubai airline Emirates has announced a new promotion called ‘My Emirates Pass’ for all its passengers travelling through Dubai this summer. The airline’s passengers can use their...

The strategy aims to make Dubai “the safest city in the world – digitally” A new cyber security strategy for Dubai has been launched by the UAE’s Vice President and Prime Minister Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum. The strategy was unveiled on Wednesday as Sheikh...

Dubai Electricity and Water Authority (Dewa) said it has awarded a contract worth Dh798 million ($212 million) for the development of the third phase of K-Station in Jebel Ali to Spanish company Duro Felguera. K-Station is part of the Jebel Ali power and water desalination station, and one of...

Savings account balances in the UAE amounted to AED158.5 billion ( $43.15 billion) during the first quarter of 2017, a growth of 3 percent, i.e. AED4.75 billion, over the same period in 2016, according to UAE Central Bank statistics. Saving by local currency at the banking sector hit...

Emirates confirmed on Tuesday that its new First Class product will be showcased at the Dubai Air Show in November. Making its debut onboard a Boeing 777-300ER, Emirates’ new First Class cabin will feature 6 private suites laid out in a 1-1-1 layout, compared to the existing 8 private...

The patient reportedly began to feel a lot of pain after leaving the hospital A patient who had his testicles removed after a hernia treatment that went wrong has been awarded Dh900,000 in damages. The Federal Supreme Court in Abu Dhabi upheld an earlier ruling by a lower court...

The radars can track violations such as heavy loading of vehicles, driving at speeds lower than minimum speed limit and tailgating. The Sharjah Police on Tuesday announced the installation of 30 intelligent radar devices on the internal and external roads of the emirate. The move has come...