Leading stories of the day
|By TAP Staff| The UAE banking sector has lost AED56 billion ($15.25 billion) in government deposits since September last year, NBAD Chief Executive Alex Thursby disclosed. Out of this, NBAD alone lost AED48 billion…
Oil at $50 a barrel is a “gift to the world” as prices should be low enough to spur economic growth,…
|By TAP Staff| Etihad Airways won a great PR opportunity when a German court allowed it temporary injunction to continue operating…
|By TAP Staff| According to an assessment of the post-sanctions situation for Iranians to invest in Dubai’s real estate, Dubai homes…
|By TAP Staff|The United States approved conditional sanctions waivers for Iran on Sunday, international media reported from New York. But it…
|TAP Special| The UAE healthcare sector witnessed another landmark deal when Aster DM Healthcare acquired an additional 57 per cent stake…
The world is awash in crude, but big oil companies are lining up to develop new fields in Iran even as…
Singapore Air’s decision to restart direct flights to New York is an ominous sign for the future of aviation hubs like…
|TAP Special by K Raveendran| The UAE healthcare sector was the scene of high drama as the Al Noor Hospitals Group,…
|By TAP Staff| Dubai Water and Electricity Authority has chosen a consortium including China’s Harbin Electric and Saudi Arabia’s ACWA Power…
|By TAP Staff| Dubai is hoping that the lifting of sanctions on Iran will help the emirate’s economy to withstand some…
|By TAP Staff| MENA M&A market showed no signs of improvement in the third quarter, with the total value of transactions…
|By TAP Staff| Global oil prices have bottomed out, with signs of a recovery seen in 2016, Qatar’s Energy Minister Mohammed…
|By TAP Staff| Majid Al Futtaim Holding is weighing an offer to acquire Abu Dhabi consumer finance firm Dunia Finance, Chief…
|By TAP Staff| Al Shafar General Contracting has put on hold its plan to sell shares in an initial public offering…
Dubai government-owned Emirates National Oil Co (Enoc) said the company will expand into agricultural commodities to diversify its business and offset…
|By TAP Staff| Dubai Islamic Bank is exploring an entry into India as it seeks to benefit from the funding needs…
|By TAP Staff| The Dubai Gold and Commodities Exchange (DGCX) said it would list two new futures contracts to trade this…
|By TAP Staff| The downward trend in Dubai’s residential market continued in the third quarter with sale prices falling further and…
|By TAP Staff| There are 1,275 ultra wealthy individuals in the United Arab Emirates (UAE), representing 20% of the total ultra…
|By TAP Staff| Dubai Holding Commercial Operations Group (DHCOG) announced a net profit of AED 2.6 billion for the first half…
Saudi Arabia is expected to cut the prices of crude it sells to Asia in November after the Dubai benchmark weakened…
|By TAP Staff| Strong signs of recovery in Dubai’s tourism and hospitality sector are already visible and there are strong bookings…
Saudi Arabia has withdrawn as much as $70 billion from global asset managers as OPEC’s largest oil producer seeks to plug…
While Dubai continues to pump out sumptuous new apartment blocks, for a rising number of expatriates the city no longer offers…
|By TAP Staff|Heavy rush for UAE visit visa in connection with the Eid holidays has resulted in stalling of the online…
|By TAP Staff| Integrated Capital, the capital markets arm of Abu Dhabi Financial Group, announced that it has placed and syndicated…
The United Arab Emirates has no plans to abandon the currency’s peg to the dollar, central bank Governor Mubarak Rashed Al…