Business

Prospects of development of Kazakhstan’s transport and logistics system discussed in Dubai

01 Mar 2015

International investment forum “SILKWAY”: Creation of new logistics possibilities for trade between Europe and Asia” will be held in Dubai on March 3, 2015.

The organizers of the Forum are JSC “National company “Kazakhstan temirzholy” and global marine terminal operator DP World.

Askar Mamin, President of JSC “National company “Kazakhstan temirzholy” will address the leaders and representatives of more than 100 companies and organizations from 15 countries and answer questions... Read More

UAE Armed Forces sign agreements worth Dh3.955b at Idex

26 Feb 2015

To buy helicopters, rifles, ammunition, spare parts and radar system to detect planes

Abu Dhabi: The UAE Armed Forces entered into agreements on Tuesday worth Dh3.955 billion that include helicopters, rifles, ammunition, spare parts and radar system to detect planes.

UAE Armed Forces signed a contract with Tawazun dynamics to purchase ultra-precision guided ammunition at a cost of Dh1.530 billion. This was the biggest deal announced on Tuesday.

In other big agreements,... Read More

DAFZA contributed Dh109b to Dubai non-oil foreign trade

26 Feb 2015

Net profit rose 48% in 2014 when compared to a year earlier and revenues climbed 13%

Dubai: Dubai Airport Freezone Authority (DAFZA) contributed Dh109 billion to Dubai’s non-oil foreign trade last year, the government owned entity said on Tuesday.

Net profit rose 48 per cent in 2014 when compared to a year earlier and revenues climbed 13 per cent. The free zone did not release actual profit or revenue figures.

“We look forward with optimism this 2015 as we work to... Read More

Abu Dhabi International posts 20.7% January passenger growth

26 Feb 2015

A total of 1,887,631 passengers used the airport, home to Etihad Airways, in January

Dubai: Abu Dhabi International reported a 20.7 per cent increase in the number of passengers flying in January this year when compared to the same period a year ago, management Abu Dhabi Airports said in a statement on Tuesday.

A total of 1,887,631 passengers arrived, departed and passed through the airport, which is home to Etihad Airways, in January, compared to the 1,564,266 passengers in... Read More

Russian bought LV boots for over Dh90,000

26 Feb 2015

Russian lady has paid around Dh90,000 for a pair of boots and Dh13,000 for a belt. She reserved special Louis Vuitton boots worth Dh98,400 from a luxurious boutique in Dubai Mall. A sales person at the boutique told Emirates 24|7 that their most expensive boots is a one-of-its-kind ‘limited edition’ pair made from alligator skin and is priced at Dh98,400. “A Russian lady has booked it,” she added.

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Moscow authorities together with the UAE authorities plan to create applications for Russian tourists

26 Feb 2015

According to statistics, every year Dubai is visited by over 1.5 million Russians. Authorities of the Russian capital, together with representatives of the ministries of the United Arab Emirates will consider the option to create applications for Russian tourists,  Artem Ermolaev from the Department of Information Technology Moscow told journalists on 24 Feb 2015 in a press briefing.

"Sufficiently large flow of tourists are seen in the UAE. Russians are faced with many difficulties.... Read More

Belarus, UAE have great prospects in trade and economic relations

24 Feb 2015

Belarus and the United Arab Emirates (UAE) have big prospects in trade and economic relations, Economy Minister of Belarus Vladimir Zinovsky told media during the Belarusian-UAE business briefing on 24 February, BelTA has learned.

 “Friendly and kind relations established between our countries thanks to the heads of state are still lack a strong economic basis. Suffice it to say that the mutual trade totals nearly $70 million, although it is on a constant increase. The UAE investment... Read More

Romanian Simona Halep reigns at Dubai Open

24 Feb 2015

Top seed brushes aside 17th seed Pliskova to claim first crown in Dubai

Dubai: Romanian Simona Halep justified her status as the top seed with a 6-4, 7-6 (4) win over plucky Czech Karolina Pliskova to win her first Dubai Duty Free Women’s Open crown at the Dubai Tennis Stadium here late on Saturday.

Halep picked up a cheque for $456,000 (Dh1.67 million) and the glittering trophy from Princess Haya Bint Al Hussain, wife of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice... Read More

Idex 2015: World’s best known assault rifle maker takes to the skies as Kalashnikov enters drone market

24 Feb 2015

The company behind the Kalashnikov plans to manufacture drones for the first time as international sanctions hit Russia’s arms industry.

Kalashnikov Group, part of the Russian state corporation Rostec, is taking a 51 per cent stake in Zala Aero, a drone maker.

“At first, sanctions had a strong impact,” said Aleksey Krivoruchko, the chief executive of Kalashnikov. “Before, most of our products were civilian weapons sold mostly to the USA. Right now most of our sales are military... Read More

Latest educational solutions at GESS 2015

24 Feb 2015

Middle East's leading education show, Gulf Educational Supplies and Solutions 2015 (GESS), taking place at the Dubai World Trade Centre. In its 8th year, GESS 2015 is hosting 350 exhibitors from 35 countries with more than 9,000 regional and international education professionals expected to attend. Iman Media is showcasing it's education offerings, showcasing how products can efficiently perform based on the various requirements. 

The innovative answer to many education questions is... Read More

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