Oil nations to sell $240b assets

Oil-producing countries will sell $240 billion of international assets this year, mostly stocks and bonds, in an attempt to hold together budgets blown apart by the slump in oil prices, according to estimates from JP Morgan..... Read more »

Posted on : 1/19/2016

UAE may exceed 24% renewables target

The target set by the United Arab Emirates government for energy generated from clean sources is likely to be exceeded, according to the country's minister of environment and water..... Read more »

Posted on : 1/18/2016

Emirates NBD reports Dh7.1b net profit, up 39%

Dubai; Emirates NBD (EmiratesNBD), the largest bank in the UAE by total income, net profit and branch network reported a net profit of Dh7.1 billion for the full year 2015, up 39 per cent compared to the previous year year ..... Read more »

Posted on : 1/18/2016

Dubai developer Damac launches Dhs 850m project within Akoya Oxygen

Dubai developer Damac Properties has launched a new hotel and residences project within its Akoya Oxygen master development..... Read more »

Posted on : 1/17/2016

Emaar awards construction contract for Dubai Creek Residences project

Emaar Properties has awarded the construction contract for its upcoming Dubai Creek Residences project to Dubai-based Al Basti & Muktha (ABM), the developer announced on Wednesday..... Read more »

Posted on : 1/13/2016

Oil may rebound end 2016, says UAE minister

UAE Minister of Energy Suhail bin Mohammed Faraj Al Mazroui has expressed his optimism that plummeting oil prices will recover sometime before the end of the year..... Read more »

Posted on : 1/13/2016

UAE will have 5G network by 2020 - du CEO

The United Arab Emirates is expected to rollout 5G network across the country before 2020, the chief executive officer of telecom operator du has confirmed..... Read more »

Posted on : 1/12/2016

Abu Dhabi's $1bn Reem Mall gets final approvals

The upcoming Reem Mall in Abu Dhabi has been granted detailed planning approval by the Urban Planning Council (UPC), it has been announced..... Read more »

Posted on : 1/12/2016

Dubai Canal to feature bridge mall with rooftop park

The Dubai Canal project will include a three-level mall that spans both sides of the water, it was revealed at the weekend..... Read more »

Posted on : 1/11/2016

Ghassan Aboud Cars capped off year with new global automotive export industry expansions

Ghassan Aboud Cars, a Dubai-based exporter of new vehicles, genuine accessories and spare parts, concluded 2015 with a huge impact in global automotive export industry by increasing its exporting to 106 countries — a 10 percent increase from 2014..... Read more »

Posted on : 1/10/2016