Property prices and rental rates in Dubai are expected to fall further in 2016, according to estate agency Cluttons. The firm's latest report says the average price of a new home has fallen by about five per cent from last year’s, while rents are down by a tenth. But the office market looks steady, with rents and demand unchanged across most areas. The head of Cluttons Dubai, Murray Strang, discussed factors affecting the market with ARN.
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e& records net profit of AED 10.8 billion in 2024
e& recorded a net profit of AED 10.8 billion in 2024, marking a 4.3 per cent increase year-over-year, the UAE-based telecommunications company said on Tuesday.
Dubai Taxi Company and Dubai Airports sign 5-year partnership
The Dubai Taxi Company (DTC) has signed a five-year strategic partnership with Dubai Airports, to be the exclusive provider of taxi services at Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC).
Apple plans $500 bln US investment, 20,000 research jobs
Apple says it will spend $500 billion (AED 183.6 billion) in US investments in the next four years that will include a giant factory in Texas for artificial intelligence servers and add about 20,000 research and development jobs across the country in that time.
Tesla rolls out advanced self-driving functions in China
US electric vehicle giant Tesla has started offering advanced self-driving functions for its cars in China, including autopilot on city streets, the company announced on Tuesday.
flydubai reports strongest financial results in 15-year history
flydubai has recorded record-breaking annual results for its financial year ending December 31, 2024, the UAE carrier has announced. The airline reported a pre-tax profit of AED 2.5 billion ($674 million), which represents a 16 per cent growth year-on-year, and a total revenue of AED 12.8 billion ($3.5 billion).
