Business

Fujairah Mall Presents Brand New Retail Opportunities In Growing Emirate

12 May 2015

Major retail groups signed up at mixed-use development Owned by HH Sheikh Mohammed Bin Khalifa Bin Zayed Al Nahyan

Fujairah’s ambitions to become one of the UAE’s major retail and tourism hubs are set to receive a huge boost when the emirate’s biggest shopping and leisure venue opens in September 2015.

Fujairah Mall, over 35,000-square-metres of retail space spread over two floors, is destined to transform the emirate’s retail sector, providing fresh opportunities for brands... Read More

Emirates Group makes Dh5.5 billion in 2014-2015 financial year

11 May 2015

Emirates Group post its second most profitable year in its 30-year history

Dubai: Emirates Group reported on Thursday its second highest profit ever of Dh5.5 billion ($1.5 billion) for its financial year that ended March 31, 2015, 34 per cent more than the Dh4.1 billion it reported a year ago. Revenue was a whopping Dh96.5 billion, 10 per cent more than the Dh87.5 billion from a year ago, Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief... Read More

Google Street view of Sharjah launched

11 May 2015

Street View Car will begin capturing panoramic images of streets, neighbourhoods and landmarks in Sharjah

Sharjah: Google Maps users will soon be able to virtually explore Sharjah, navigate its streets, and neighbourhoods through panoramic street-level images, as Google and the Sharjah Urban Planning Council announced on Saturday the launch of Street View in Sharjah, making it the second Arab city to have the feature in the region.

Street View was launched in May 2007 and is... Read More

Nakheel To Build New Beachfront Resort In Deira Islands

11 May 2015

Dubai developer Nakheel has announced a partnership with Spanish hotel operator RIU Hotels and Resorts to build a new beachfront resort in its Deira Islands project.

The partnership is expected to create a 750-room four star all-inclusive resort next to range of attractions such as Deira Mall and Deira Islands Night Souk, a statement said.

Nakheel did not disclose the value of the project.

The new project will mark RIU Hotels and Resorts entry to Dubai’s market. The... Read More

Chinese investors snap up retail space in Dragon City

11 May 2015

Chinese traders account for 65 per cent of 700 units reserved since the project went on lease three days ago, with UAE nationals making up the vast majority of the other 35 per cent.

Dubai — Chinese traders in Dubai are staking their claim on hundreds of new retail and restaurant units at Nakheel’s Dragon City development, where 1.3 million square feet of fresh shop space is being built, Nakheel announced on Tuesday.

Chinese traders account for 65 per cent of 700 units reserved... Read More

H.H Sheikh Ahmed opens the world’s largest annual airport show

11 May 2015

Blockbuster show reflects the aviation industry’s growth

Sheikh Ahmed: It is an excellent show and a knowledge-sharing and networking platform

B2B show features 300 exhibitors from 40 countries

Show attracted 127 hosted buyers from 30 countries

8000 industry professionals to attend the three-day event

Show has over 12000 sqm exhibition space

Italy Pavilion debuts at the show

Six country pavilions has a total of 102 exhibitors

Dubai, May... Read More

Sharjah’s Al Hisn Fort restored to glory

10 May 2015

For almost 200 years, Al Hisn Fort has stood guard over Sharjah, its cannons and towers facing towards the sea to protect the emirate’s residents, rich and poor, from any would-be enemy.

As the city grew, the fort, which is now surrounded by the modern urban sprawl of roads and tower blocks, became less a symbol of security and more a reminder of the emirate’s long and proud history.

Now returned to its former glory as part of an extensive 15-month renovation project, the fort... Read More

At the Top, Burj Khalifa observation lifts traverse a ‘moon-distance’

10 May 2015

At the Top, Burj Khalifa, the world’s highest observatory deck, in Burj Khalifa, the world’s tallest building, just reached another milestone.

Its observation lifts, which travel 124 floors to the open-air platform, have covered 384,400 kilometres - equal to the distance from the earth to the moon – since its opening in 2010.

On average, the two lifts travel 244.4 km per day. Between January and March this year, the first observation lift did 49,833 runs travelling a distance... Read More

Work on Al Maktoum International expansion starts this year

10 May 2015

Once complete the passenger terminal will provide a total of 24 boarding gates, seven baggage reclaim carousels and an increase to 104 check-in desks.

Dubai Airports on Tuesday said construction work to expand Al Maktoum International at Dubai World Central (DWC) is expected to start later this year.

In a statement, Dubai Airports said the capacity of passenger terminal at Al Maktoum International will increase to 26 million annually by 2017 from present level of six million... Read More

Sharjah Launches Dhs80m Leisure Island Project To Attract Tourists

10 May 2015

The island will consist of a Butterfly House, a literature pavilion and art sculptures, the emirate's agency said in a statement.

Sharjah Investment and Development Authority (Shurooq) has launched Al Noor Island, a leisure island project in the emirate in a push to attract more tourists.

Valued at Dhs80 million, Al Noor Island is located in Khalid Lagoon and extends over an area of 45,470 square metres.

The island will consist of a Butterfly House that will house 500... Read More

Pages