Business

DIFC governor looks forward to more growth as centre celebrates 10th anniversary

15 Nov 2014

Essa Kazim, the governor of the Dubai International Financial Centre, is looking forward to a new decade of expansion at the emirate’s financial hub.

Speaking on the 10th anniversary of the establishment of the DIFC, Mr Kazim welcomed the prospect of competition with the Abu Dhabi Global Market, and said the UAE would benefit from the presence of two financial centres.

“Dubai is used to... Read More

Dubai tops global list for visitors

15 Nov 2014

Dubai has attracted more visitors per head of population than any other country in the world this year, according to an annual report by Mastercard.

The firm said Dubai is ‘in a league of its own’ with the highest ratio of 4.8 visitors per resident. The city came ahead of Amsterdam with 2.6 tourists for every resident and London with 2.3.

Visitor spending in Dubai has also... Read More

Air Arabia posts record nine months net profit of Dhs498 million, up 46 percent

15 Nov 2014

Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, today announced its financial results for the first nine months ending September 30, 2014, as the success of the company’s hub and network expansion strategy continued to be reflected in strong performance figures.

Air Arabia’s net profit for the first nine months of 2014 stood at Dhs498... Read More

Emirates to have more A380s by end of 2015

12 Nov 2014

Airline plans to have 68 super jumbos, up from 55 in 2014

Dubai: Emirates expects to have 68 Airbus A380s by the end of 2015, according to Thierry Antinori, the airline’s executive vice president and chief commercial officer.

By the end of the year, the airline is likely to have 55 A380s from the total order of 140.

Emirates aims to “develop more flights [with] A380s... Read More

Jumeirah Beach Hotel expansion to go ahead

12 Nov 2014

 

The expansion of Dubai’s iconic, wave-inspired Jumeirah Beach Hotel is set to go ahead with the Jumeirah Group, which operates the hotel, now finalising the necessary permits.

The plan, announced in June, includes the construction of a 350-room ultra luxury resort, in addition to the existing Jumeirah Beach Hotel, a private beach, recreational marine facilities... Read More

Registration for DSF 2015 opens to retailers

12 Nov 2014

20th edition of Dubai Shopping Festival will run from January 1 to February 1, 2015

Dubai: Organisers of the Dubai Shopping Festival (DSF) have opened the registration process for retail shops to participate in the 20th year of the shopping festival in 2015.

The 32-day shopping festival will run from January 1 to February 1, 2015, organisers from the Dubai Festivals and Retail... Read More

Crown Prince Shaikh Hamdan inaugurates first Dubai Tram

11 Nov 2014

Tram to begin passenger service on Wednesday 12 Nov 2014

Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai, flagged off the first tram from Al Sufouh depot.

Shaikh Hamdan rode on the first tram along with senior government officials, with two more trains in tow, for the inaugural run.

The trams will open for public service from 6.30am on... Read More

DXB bags Airport of the Year for Middle East and Subcontinent Award

11 Nov 2014

 

Organised by Payload Asia, the award celebrates excellence, highlighting the air cargo supply chain organisations that make a difference in the industry.

Dubai International, one of the world’s busiest hubs for international passengers and cargo, has been named Airport of the Year for the Middle East and Subcontinent at the Payload Asia Awards held in Singapore.

... Read More

Dubai Customs, DTCM to boost tourist facilities at harbours

11 Nov 2014

Dubai Customs and the Department of Tourism and Commercial Marketing, or DTCM, in Dubai inked a cooperation and partnership agreement to promote the development of tourist facilities at Jumeirah 1, Umm Suqeim 1 and Umm Suqeim 2 harbours.

 

The agreement was signed by Ahmed Mahboob Musabih, director of Dubai Customs, and Helal Saeed Almarri, director-general of DTCM, in... Read More

Madinat Jumeirah becomes world’s first mixed-use hospitality destination to gain renowned Green Globe Certification

11 Nov 2014

Entire luxury resort receives Green Globe seal of approval

Madinat Jumeirah, the luxurious Arabian resort of Dubai, has become the world’s first mixed-use hospitality destination to gain the internationally renowned Green Globe certification.

Mina A’Salam, Al Qasr, Dar al Masyaf, the conference centre and souk have all been recognised for outstanding environmental efforts following a... Read More

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