Business and Economy

Global GDP expected to grow 2.8 pct in 2017 in spite of many economic and political hurdles

Global GDP expected to grow 2.8 pct in 2017 in spite of many economic and political hurdles

31 Jan 2017

Euler Hermes, the world’s leading provider of trade-related credit insurance solutions, expects world GDP to grow by 2.8 percent year on year in 2017. With the smooth transition of the U. S. presidency from Barack Obama to Donald Trump being completed, the focus on the global economy shifts now to the four blocks United States, Eurozone, China and the Emerging Markets.

Jules Kappeler, Chief Executive Officer (CEO) Euler Hermes GCC (“the company”) in Dubai, commented: “This slight pick... Read More

Cityland Mall’s Central Park to showcase spectacular multi-sensory attractions

Cityland Mall’s Central Park to showcase spectacular multi-sensory attractions

24 Jan 2017

The recently announced Cityland Mall project has strengthened its credentials as the world’s first ‘nature-inspired’ shopping destination by revealing details of Central Park which is its prime attraction. The 200,000 sq. ft. open-air garden will form the core of the mall – in terms of both architecture and its anchoring role in providing a unique sensory experience for shoppers. Central Park has been designed to accommodate 7,000 shoppers at a time in its vast expanse.

Scheduled for... Read More

Ajman Tourism Destination

Ajman Tourism Destination

09 Jan 2017

Speaking with Aviamost, HE Faisal Al Nuaimi, General Manager of The Ajman Tourism Development Department (ATDD), said, “In accordance with the trends and targets of Ajman Vision 2021, Ajman delegation to WTM highlighted its significant efforts with regard to the development of tourism infrastructure in the emirate, with the focus of increasing the number of visitors in 2017 by 20%, following the remarkable growth of tourists from Europe to the Emirate”.

As a fast developing tourist... Read More

Sharjah seeks stronger ties with Serbia

Sharjah seeks stronger ties with Serbia

02 Jan 2017

WAM -- The emirate of Sharjah has deep economic ties with Serbia and seeks to strengthen investment and trade ties with the European country, Director-General of Sharjah Chamber of Commerce and Industry Khalid bin Butti Al Hajri recently said.

He was speaking during a meeting with a high-level delegation of Serbian senior trade and economic representatives headed by presided over by Milos Perisic, charge d'affaires at the Serbian Embassy in the UAE.

The delegation, which... Read More

Turkmenistan will bring together transport system’s specialists

Turkmenistan will bring together transport system’s specialists

20 Nov 2016

At the end of November 2016, Turkmenistan will bring together senior representatives from various countries and representatives of international organizations to discuss issues of further development of the transport system and its role in achieving sustainable development goals.

Secretary-General Ban Ki-Moon will convene the first ever global conference on sustainable transport, on 26 and 27 November 2016 in Ashgabat, Turkmenistan. In resolution 70/197 titled “Towards comprehensive... Read More

Huawei ranks 72 on Interbrand’s ‘Best Global Brands Report’

Huawei ranks 72 on Interbrand’s ‘Best Global Brands Report’

17 Oct 2016

Huawei ranked 72 on the Interbrand’s 2016 Best Global Brands report, moving up 16 spots from its ranking in 2015. This is the second consecutive year Huawei has risen on Interbrand’s list since the company became the first mainland Chinese brand to be recognized as a Best Global Brand in 2014.

According to Interbrand, “Huawei is once again a highlight in the 2016 Best Global Brands report released by Interbrand. Its brand value, approximated at USD $5,835 million, increased by 18%... Read More

Affordable Luxury by Azizi Developers

Affordable Luxury by Azizi Developers

23 Aug 2016

Azizi Developments marks its entry into Dubai’s booming hospitality sector with the launch of its first serviced residences project, Candace, at Al Furjan. The AED 460 million project will witness the launch of two towers by the name of Candace Aster and Candace Acacia at Dubai’s upcoming Al Furjan community, where Azizi Developments is the biggest private-developer with many projects at different stages of construction.

To be run and managed by Candace Hotel and Resorts, the high-end... Read More

Economic results of Uzbekistan in Q2 2016

Economic results of Uzbekistan in Q2 2016

22 Aug 2016

I. Deepening structural reforms in the economy and modernizing the country, ensuring macroeconomic balance

Consistent implementation of the most important priorities of economic program for the year 2016, set by the President of the Republic of Uzbekistan Islam Karimov at the session of the government of the Republic on 15 January of the current year, has allowed to preserve sustainable high rates of economic growth of the Republic in the first half the current year.

Compared... Read More

International Tourism Fair "TITF / Tourism on the Silk Road"

International Tourism Fair "TITF / Tourism on the Silk Road"

20 Jun 2016

22th Tashkent International Tourism Fair "Tourism on the Silk Road" is one of the most anticipated events of the tourism industry of the Central Asian region. Thousands of professionals gather at one place, from Uzbekistan and all its regions, as well as, from all over the world.

TITF rightly recognized as a business platform for the promotion of tourist products and establish ing business contacts. Fair allows the world’s leading experts to share experiences, discuss topical issues... Read More

The Emirates Group announced its 28th consecutive year of profit

The Emirates Group announced its 28th consecutive year of profit

12 Jun 2016

During the 2015-16 financial year, both Emirates and dnata achieved new capacity and profit milestones, as the Group continued to expand its global footprint, and strengthen its business through strategic investments. 

Released today in its 2015-16 Annual Report, the Emirates Group posted an AED 8.2 billion (US$ 2.2 billion) profit for the financial year ending 31 March 2016, up 50% from last year. The Group’s revenue reached AED 93 billion (US$ 25.3 billion), a decrease of 3% over... Read More

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