UAE News

Air Arabia posts record full year profit of Dh566m

17 Feb 2015

UAE’s only listed carrier says hedging strategy dragged down fourth quarter performance

February 15, 2015

Dubai: Air Arabia, the UAE’s only listed airline, reported on Sunday a record full year profit for 2014 but blamed its hedging strategy for dragging down fourth quarter results.

Annual profit was up 30 per cent to Dh566 million for the full year ending December 31, compared to Dh435 million in 2013.

Annual turnover was Dh3.7 billion, up 17 per cent on the... Read More

Minister of Economy praises aviation sector

17 Feb 2015

Aviation passenger growth a reflection of UAE investment

Dubai: The increasing number of people travelling through UAE airports is a reflection of the country’s investment in aviation infrastructure, said Sultan Bin Saeed Al Mansoori, Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA) in a statement on Sunday.

Al Mansoori said Dubai International’s recently claiming the title of the world’s busiest airport for international passenger traffic and the... Read More

MICE Arabia Congress scheduled for next week


17 Feb 2015

Garnering top-tier hospitality and travel suppliers from all over the world, the congress has over 50 MICE specialists confirmed.

Dubai: The MICE Arabia Congress is back with a brand new location and even bigger event planned for 2015. Hosted on February 22, and 23 in Dubai, UAE, the congress is set to welcome over 300 attendees from the business travel, luxury travel and MICE industry.

Garnering top-tier hospitality and travel suppliers from all over the world, the congress... Read More

Retail, hospitality projects to drive UAE F&B market growth

Retail, hospitality projects to drive UAE F&B market growth

15 Feb 2015

Tourism will play a critical role in driving growth of retail and hospitality projects that feature food and beverage outlets, consultant says

Dubai: The UAE’s food and beverage (F&B) market is expected to expand in the next four years on the back of new retail and hospitality projects. Mall of the Emirates is planning to add 12 food and beverage outlets this summer as part of the second phase of its Dh1 billion redevelopment project.

... Read More

Take a trip down memory lane at Qasr Al Hosn

15 Feb 2015

11-day festival, which started with a national parade, commemorates iconic fort of Abu Dhabi and UAE heritage

Abu Dhabi: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, yesterday led the national rally, marking the start of the Qasr Al Hosn Festival.

The annual festival will be... Read More

UAE government ahead of regional peers

15 Feb 2015

The UAE government is ahead of the curve when it comes to governance among its regional peers, thanks to the leadership of the UAE, said Mari Kiviniemi, Deputy Secretary-General of OECD.

Addressing The Government Summit in Dubai on Tuesday, she hailed the role of the government in order to stay ahead of the domain by investing in the capacity of individuals and organizations to better shape the change.

“This reflects the clear strategic goal and commitment of the UAE government... Read More

Dubai establishes network of tourism industry stakeholder forums

15 Feb 2015

Increased communications and knowledge sharing will enhance existing partnerships and build new relationships geared towards driving tourism growth

Dubai, UAE, 12 February, 2015: Dubai’s Department of Tourism and Commerce Marketing (DTCM) has concluded the first in a series of stakeholder engagement committees designed to increase communications and knowledge sharing between key sectors of the emirate’s tourism economy. The committees are the centre of a wider global network,... Read More

UAE announces $1 million award for best robot invention

12 Feb 2015

In a major announcement, the UAE government has revealed plans to reward innovations in artificial intelligence and robotics. Announcing a prize of $1 million for the best innovators, the government is inviting individuals, companies and students to participate in the award.

“Innovation is the future. Either you innovate or disappear eventually. Wherever we are today, it is because of innovation. It is part of a larger nation-wide strategy. This is the future and we are moving quite... Read More

Dubai To Rank Among World’s Top Happiest Cities In 10 Years

12 Feb 2015

Dubai’s smart city agenda will help it become of the happiest cities in the world within the next 10 years, a senior official said during the Government Summit on Tuesday.

Ahmed Bin Byat, CEO of conglomerate Dubai Holding, said that he is confident the city’s drive to provide smart services will help make it happier place.

“Creating happiness is the final result of the smart city agenda. Once we are able to manage and meet people’s experiences, we will be able to rise on the... Read More

Dubai To Become Centre Of The World By 2100

12 Feb 2015

A population boom in Asia and Africa will make Dubai an important global hub by 2100, an expert predicted.

Dubai is set to become the centre of the world by 2100, a position that is currently held by London, according to an expert at the Government Summit in Dubai.

Population booms in Asia and Africa will be the main driver of this shift in Dubai’s importance, said Hans Rosling, co-founder of Gapminder said during a session at the summit.

“By year 2100, America would... Read More

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