UAE governments post Dh28 billion surplus

Abu Dhabi: The UAE government’s surplus posted Dh28 billion in the first nine months of 2018, according to the latest figures released by the Federal Competitiveness And Statistics Authority. The surplus increase is attributed to the rise in the UAE government’s revenues, which hit Dh304.5 billion in 2018’s first nine months, an increase of 4.8 […]

Dh3.41b impact on Abu Dhabi economy in 2018 from Adnec

ABU DHABI: Abu Dhabi National Exhibitions Company, Adnec, on Monday said that the value of its direct and indirect impact on the Abu Dhabi economy in 2018 registered Dh3.41 billion, taking the total value of its contribution to the local economy since its inception in 2005 to Dh32 billion. The company shared its 2018 results […]

Mohammad Bin Zayed approves Dh1 billion to boost UAE’s AgTech sector, create over 2,900 jobs

Dubai: His Highness Sheikh Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces, has approved a series of incentive packages worth up to Dh1 billion for local and international agriculture technology (AgTech) and other companies to build and grow a presence in Abu Dhabi. The […]

The UAE’s biggest car rental and leasing online marketplace

OneClickDrive.com is the UAE’s first and largest online marketplace for car rentals and car leasing. As a user, you get a choice of cars from 50 rent-a-car companies across Dubai, Abu Dhabi, Sharjah and Ajman . You can lease a small Chevrolet Spark for as low as Dh1,200 per month or rent a Lamborghini Urus […]

Etihad Rail awards contract to Chinese, Korean JV

Dubai: Etihad Rail, the developer and operator of the UAE’s upcoming railway, approved package A of the tender awards for the second stage of the network. The contract was awarded to a joint venture between the China State Construction Engineering Corporation and South Korea’s SK Engineering and Construction. The package includes all design and build, […]

Dubai’s private sector economy maintains stable growth

Dubai: Non-oil private sector economy in Dubai remained stable in February with the Dubai Economy Tracker Index unchanged at 55.8, according to the latest data from IHS Markit and Emirates NBD. Total business activity rose at the fastest rate in nine months, while new business increased at a pace that remained above the 2018 average […]

‘As an Emirati, I have to work harder’: Entrepreneur Maryam Hassani

Dubai: Emirati Maryam Hassani wears many hats. She is a mother, a wife, a daughter and a businesswoman. Ask her how she juggles the various roles, her reply is as candid as it can be. I have learnt to wear many hats and I quite enjoy them. Through the years, I have realised that as […]

Homecoming costs Indian steel tycoon Lakshmi Mittal $7 Billion in year of legal drama

It’s been a tough year as India’s fourth-richest man has struggled to return to his roots. When Lakshmi Mittal, 68, left India for a vacation through Asia more than four decades ago, he didn’t plan to stay in Indonesia and lay the foundation for a steel empire that spans the globe and generated $5 billion […]