Five-day jewellery show opens in Sharjah

02 Apr 2015

Set to facilitate safe-haven & value buying in a big way

The 38th MidEast Watch & Jewellery Show got under way on Tuesday (March 31) at Expo Centre Sharjah amid projections by experts that this is the best time to buy gold.

Gold prices are on a rally on the back of increasing geopolitical tensions, a weak dollar and prospects of a US rate hike becoming less imminent, providing a great opportunity for safe-haven and value-buying.

Besides, gold is also at its peak... Read More

Emirates and Etihad to have two in the cockpit at all times

31 Mar 2015

Emirates Airline and Etihad Airways said on Sunday that they will have two people in their passenger jets’ cockpits at all times, following last week’s Germanwings tragedy.

The UAE’s regulator is also taking action. The head of the General Civil Aviation Authority (GCAA) says it is in discussions with the European Aviation Safety Agency over the mental health of pilots and airlines’ cockpit policies.

Reports following last week’s plane crash indicate that Andreas Lubitz, the co... Read More

Ajman Free Zone woos investors in Russia

31 Mar 2015

Presentation outlined advantages of setting-up business in the UAE, particularly in the Ajman Free Zone

Moscow: Ajman Free Zone Authority gave a presentation on the advantages of setting up a company in this emirate of the UAE to the Russian business community and potential investors in Moscow.

The presentation outlined the advantages of setting-up a business in the UAE, particularly in the Ajman Free Zone and was followed by a very active discussion and questions from... Read More

Dubai sees Dh28.6 billion in FDI in 2014

31 Mar 2015

Projects aimed at the regional market captured 84% of the investments in 2014

Dubai: Infrastructure development initiatives and the services industries remained the major drivers of capital into Dubai in 2014 as the emirate witnessed Dh28.6 billion ($7.8 billion) in foreign direct investment (FDI).
The latest estimates by Dubai Investment Development Agency (Dubai FDI), an agency of the emirate’s Department of Economic Development (DED), show that the USA, the UK, India and other... Read More

Tatarstan President Rustam Minnikhanov holds a number of business talks and meetings at the Annual Investment Meeting in Dubai

31 Mar 2015

Acting Tatarstan President Rustam Minnikhanov accompanied by Chief executive of Tatarstan Investment Development Agency Taliya Minullina, Chairman of Tatarstan State Committee for Tourism Sergey Ivanov, and Deputy Minister of Industry and Trade Rustam Kabirov arrived in UAE to take part in Annual Investment Meeting, AIM-2015. Rustam Minnikhanov will also hold a number of meetings and negotiations with heads of UAE, Qatar and Morocco ministries and agencies. The Annual Investment Meeting is... Read More

UAE Wins Hosting Rights For FIFA Club World Cup In 2017, 2018

30 Mar 2015


UAE Wins Hosting Rights For FIFA Club World Cup In 2017, 2018

The tournament is held in mid-December every year and was earlier hosted by the UAE in 2009 and 2010.

The UAE has been awarded the hosting rights for the FIFA World Club Cup in 2017 and 2018, official news agency WAM reported.

The decision to award the tournament to the UAE was taken at international football governing body FIFA’s executive committee meeting in Zurich on Friday.

The UAE has... Read More

Dubai’s Ports, Customs and Free Zone Corporation (PCFC), establishes new company, P&O Ports

30 Mar 2015

Ports, Customs and Free Zone Corporation (PCFC), owned by the Dubai government, announced on Wednesday it has established a new company, P&O Ports, to focus on developing and operating medium-sized, multi-purpose ports around the world.

P&O Ports has signed a Memorandum of Understanding “to enter into preliminary discussions” with the governments of Madagascar, Somaliland and Albania, PCFC chairman Sultan Bin Sulayem said in the statement announcing the new firm.

P&... Read More

BIE Secretary General Says “Pleased” With Dubai’s Expo 2020 Progress

30 Mar 2015

The head of BIE is on an official visit to Dubai to discuss the approaching submission of the Expo 2020 registration document.

The executive, who heads the governing body of World Expos, is on an official visit to Dubai to discuss the approaching submission of the Expo 2020 registration document, the Expo committee said in a statement.

The registration dossier is an official stage for the certification of Dubai as the host city for the World Expo in 2020.

Loscertales was... Read More

Shaikh Hamdan's horse Prince Bishop wins Dubai World Cup 2015

30 Mar 2015

Prince Bishop caused a huge upset at Meydan racecourse on Saturday when he won the $10 million Dubai World Cup ahead of rags-to-riches American challenger California Chrome. 

It was Dubai trainer Saeed bin Suroor’s seventh victory in the world’s richest race, yet few have been as surprising. 

Bin Suroor’s first-choice jockey, James Doyle, chose to ride stable mate African Story, which won the race 12 months ago. 

English jockey William Buick stepped into the breach and... Read More

UAE to have four new millionaires every day

26 Mar 2015

With the local economy surging ahead due to projects undertaken for the prestigious Expo 2020, more than 7,700 new millionaires will be created by 2019, according to a new report.

There were 50,595 millionaires in the UAE by the end of 2014, Emirates 24/7 quoted WealthInsight as saying.

The country is likely to have 58,335 millionaires in five years’ time – an increase of 15 percent over the 2014 statistic, translating into 1,548 new millionaires every year, or 4.2 millionaires... Read More