Inflation in Dubai up 0.82% in August

The monthly consumer price index in Dubai rose 0.82 per cent in August compared to July, according to a report released by the Dubai Statistics Centre on Wednesday. The centre attributed the rise in inflation to increase in prices of the transport group by 10.4 per cent last month..... Read more »

Posted on : 9/17/2015

Abu Dhabi non-oil trade up 15.7%

Abu Dhabi's non-oil merchandise trade rose 15.7 per cent year on year in the second quarter to Dh42.4 billion, said Statistics Centre-Abu Dhabi, or Scad, in its latest report..... Read more »

Posted on : 9/17/2015

Developer agrees to contracts worth $654m for project that includes 1,540 residential units

<p>Nakheel, the Dubai-based property developer, says it has signed contracts worth $654 million with three construction firms to help build a residential and retail project at Nad Al Sheba.</p>.... Read more »

Posted on : 9/17/2015

Kuwait to start offshore oil exploration in two years

<p>Kuwait aims to add a total of 700,000 bpd of crude oil production capacity from offshore and onshore areas</p>.... Read more »

Posted on : 9/17/2015

DP World plans solar rooftop project that could power 30,000 homes for a year

<p>DUBAI: DP World, one of the country’s biggest free zone operators, is leading the solar energy charge with plans that could generate up to 40 megawatts of electricity.</p>.... Read more »

Posted on : 9/17/2015

Dubai's Robo Doc to cut waiting times for critical patients

<p>A new robot doctor at a Dubai hospital has reportedly saved a few lives a week after being put on trial in the hospital’s emergency room.</p>.... Read more »

Posted on : 9/17/2015

Qatar group plans hypermarkets across all emirates in UAE

<p>Qatar-based supermarkets and hypermarkets Saudia Group aims to set up major retail outlets across all the emirates over the next five years, said its managing director.</p> <p>The group has opened Dh80 million Kenz Hypermarket in the UAE in the emirate of Ajman which is spanned over 160,000 square feet.</p>.... Read more »

Posted on : 9/17/2015

Bahrain Tourism exploring merger with hotel groups

<p>Bahrain Tourism Company (BTC) has signed seperate Memorandum of Understandings (MoU) with Gulf Hotels Group (GHG) and Al Jazeera Tourism Company (AJTC) to evaluate the feasibility of a merger.</p>.... Read more »

Posted on : 9/17/2015

Dubai developers used Cityscape to gauge investor sentiment

After all the euphoria of Cityscape Global 2015, it's back to business now for the real estate industry. The three-day event did witness a few major property launches, but nothing much to write home about. Given how the exhibition is a testing ground for overall investor sentiment, did it live up to its hype of returning in a bigger, better format?.... Read more »

Posted on : 9/16/2015

Al-Kharafi launches Wadi Ghalib residential resort at Cityscape

<p>Al-Kharafi Group has launched its latest project 'Wadi Ghalib' residential resort at the ongoing Cityscape Exhibition at the Cairo International Convention Centre.</p>.... Read more »

Posted on : 9/16/2015