Global trade enabler DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port. Under the agreement, DP World will invest up to $500 million to improve and modernise the Jeddah Islamic Port, […]

As efforts by the government to accelerate economic activity led to significant outcomes consumers in Dubai remain confident of their personal finances and job prospects in the coming months, showed the quarterly consumer confidence survey of Dubai Economy. The Consumer Confidence Index (CCI) score in Dubai for the July-August-September 2019 period was at 137, indicating […]

The 25th edition of Dubai Shopping Festival (DSF), the longest running shopping festival of its kind, will launch with an all-encompassing two-day Grand Opening event at Burj Park, Downtown Dubai on 26 and 27 December 2019. The eagerly-anticipated shopping festival will run for 38 days until 1 February 2020; bringing the city together for a non-stop […]

Azizi Developments, one of the leading private developers in the UAE, marked another important milestone by selling out the full inventory of Farishta, its soon-to-be-delivered residential tower in Al Furjan — an up-and-coming strategic location with excellent connectivity. 74% of Faristha’s elegantly designed units were sold to UAE residents and 8% to investors living in […]

Adam Scott secured a second Australian PGA Championship title on home soil to enter the Race to Dubai in third spot after edging out Michael Hendry in a thrilling final round battle at RACV Royal Pines Resort. The former Masters champion carded a final round 69 to win by two strokes but was pushed all […]