Dubai: DXB Entertainments agreed to pay Six Flags Entertainment $7.5 million for the rights to decide over the next five years whether to proceed with plans for a Six Flags theme park in Dubai. “SF Dubai LLC has a entered into a right of first refusal agreement with regard to the intellectual property usage of […]

Dubai: FlexxPay.com, a Dubai-based social impact start-up, announced it has raised funding from a group of individual and corporate investors to roll-out its financial wellness platform. The new platform will enable companies to offer salary advances to employees, and will be launched in the UAE and Saudi Arabia. This follows the success of similar platforms […]

Dubai: Allowing majority foreign ownership in 13 sectors — and covering 122 lines of business — could relieve the pressure on foreign businesses and investors to set up their operations within free zones. The ecommerce and high-value logistics services could be the immediate beneficiaries from such a transition, as would the entertainment sector. This will […]

New York: The US-China trade war and a spike in oil prices from geopolitical tensions have the potential to push the world into recession next year, according to renowned doomsayer Nouriel Roubini. “It’s a scary time for the global economy,” the head of Roubini Macro Associates, sometimes known as “Dr Doom,” said in an interview […]

Halliburton Co and state-owned Kuwait Oil Co signed a 181.4 million-dinar ($597 million, Dh2.2 billion) contract to explore for oil off the coast of Kuwait, marking the Gulf state’s first foray into offshore services. Development of the country’s offshore area will add an estimated 100,000 barrels to Kuwait’s daily production capacity, KOC Chief Executive Officer […]

The Federal Tax Authority, FTA, has announced the launch its new website, upgraded with advanced display technology. More…

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and More…

Two dogs, part of the U.S. Customs and Border Protection’s “beagle brigade,” sniffed out two Giant African Snails in More…

Kate, the Duchess of Cambridge, left the plush confines of the Royal Box at Wimbledon on Tuesday to watch a British More…

Sri Lankan police Tuesday arrested their top commander and a former defence chief over their alleged failures to More…