Business News

Developer Nakheel has announced changes to its board of directors following the resignation of its chairman Ali Rashid Lootah.

The trend towards greater security in the home and elsewhere has led to sharp growth in the GCC market for video surveillance.

Foreign Direct Investment (FDI) to Saudi Arabia rose to $3.50 billion in the third quarter of 2019 compared to $3.18 billion a year ago.

Real estate transactions reached AED24.2 billion last year in Sharjah.

Family-owned companies will soon be able to get listed on the UAE's financial markets.

The volumes surged to 83 million tonnes in the first nine months of 2019, according to Dubai Customs.

The Ministry of Climate Change and Environment signed a partnership with the Abu Dhabi Global Market, the Environment Agency – Abu Dhabi, and Hub71.

The UAE is among the top 10 economies exhibiting the most progress towards gender equality since 2017.

UAE's Masdar and Egypt's Infiniti Energy have agreed to establish a joint venture company.

The United States is the latest country to confirm its participation in Expo 2020 Dubai.

More than 50,000 new residential units are expected to hit the Dubai market in 2020, with apartments making up the bulk of supply.

The majority of consumer complaints filed in Dubai last year were related to the services, electronics and e-commerce sectors.

If you received a pay hike last year, you are among the lucky few.

Etihad Airways has joined forces with British low-cost carrier easyJet to give passengers access to networks of both airlines in Europe.

Automotive trade has risen by 5 per cent in the first 10 months of 2019 in Abu Dhabi.

Sharjah has unveiled a budget of AED 29.1 billion for 2020, which is a 2 per cent increase compared to last year.

Etihad Airways will mark Abu Dhabi Sustainability Week 2020 by operating a special ‘eco-flight’ to Brussels.

As many as 1,969 new companies joined the DMCC (Dubai Multi Commodities Centre) freezone in 2019, indicating further signs of investor confidence in the emirate.

Boeing has released hundreds of internal messages containing critical comments about the development of the 737 MAX.

The UAE has so far invested AED 1 trillion into airport infrastructure developments.

There are "no signs" of a shortage in the oil supplies.

Dubai Airport Freezone Authority (DAFZA) continues to be a major contributor to the emirate’s economy.

Real estate sales transactions in Dubai have hit an 11-year high in 2019.

The UAE's decision to extend the tourist visa limit from the previous 90 days to five years will open the market to more visitors and investors.

Etihad Airways is waiving all flight change fees for Australian residents affected by the bushfires sweeping through the country.

Non-oil private sector businesses in the UAE expect 2020 to be a more upbeat year, amid forecasts of greater tourism and economic investments.

Saudi Arabia have eased entry regulations for tourists with valid UK, US or Schengen visas.

As many as 4,200 housing plots have been handed over to citizens in Dubai over the last two years.

As many as 297 cases of counterfeiting and forgery have been recorded in the UAE, worth AED 2 billion.

UAE national carrier Etihad Airways has made it to the list of top 20 safest airlines to fly in 2020.