UAE News

UAE joins $100 billion AIIB

08 Apr 2015

Final number of founding member countries to be confirmed on April 15.

Dubai — The UAE has become a prospective founding member of the $100 billion Asian Infrastructure Investment Bank, or AIIB, an initiative by China in an effort to challenge the World Bank and the Asian Development Bank dominated by the US and Japan.

The UAE joins 34 other prospective founding members of the bank as the US has come out against the AIIB, citing labour and environmental issues as the main... Read More

UAE Space Agency Visits NASA, Seeks US Partnership

08 Apr 2015

The UAE is seeking to send the Arab region’s first unmanned mission to Mars by 2021.

The UAE Space Agency, the body responsible for sending the country’s first unmanned mission to Mars, made an official visit to the United States to meet key stakeholders in the industry, and improve its role and place within the international space sector, official news agency WAM reported.

The agency delegation, which included Chairman Khalifa Mohammed Al Rumaithi and Director-General Mohammad... Read More

Emirates now offers free Wi-Fi on 106 of its aircraft

05 Apr 2015

After updating the service in early February with a simpler sign-on process on top of other software updates, Emirates has seen a further 25 per cent increase in uptake.

Dubai — Emirates now offers free Wi-Fi on 106 of its aircraft, with two to three more aircraft being installed with Wi-Fi connectivity every month.

After updating the service in early February with a simpler sign-on process on top of other software updates, Emirates has seen a further 25 per cent increase in... Read More

The Federation of Chambers of Commerce & Industry to organize trade mission to Serbia

05 Apr 2015

Federation’s trade missions to the Balkans have generated more than $1b of exports since 2013

The Federation of Chambers of Commerce and Industry (FCCI) is organising a trade mission to Serbia between May 11-15 to explore new investment opportunities in agriculture and food industry during the International Agricultural Fair which takes place between May 9-15 in Novi Sad, Serbia’s second-largest city.

The Secretary-General of the FCCI, Humaid Mohammad Bin Salim, said FCCI trade... Read More

President Ilham Aliyev and Sheikh Mohammed bin Rashid Al Maktoum held an expanded meeting

05 Apr 2015

Following the official welcoming ceremony, President of the Republic of Azerbaijan Ilham Aliyev and Vice President, Prime Minister of the United Arab Emirates and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum have held an expanded meeting.

Report informs, during the meeting they discussed Armenian-Azerbaijani Nagorno-Karabakh conflict, successful cooperation within international organizations, prospects for the expansion of economic relations, mutual and joint... Read More

Sheikh Mohammed on official two-day visit to Azerbaijan

02 Apr 2015

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, started an official two-day visit to Azerbaijan on Wednesday.

Sheikh Mohammed laid a wreath at the tomb of Azerbaijan’s founder, Heydar Aliyev, in Baku and then visited the Eternal Flame memorial at Martyrs Lane, laying a wreath while a band played the national anthems of the UAE and Azerbaijan, the state news agency Wam reported.

Baku’s mayor, Mir Hajibala Abutalibov, briefed Sheikh Mohammed and members of his... Read More

Dubai wins 2015 Travellers’ Choice Destination award

02 Apr 2015

Emirate included in travel website’s list of top 25 destinations worldwide

Winners chosen based on quantity and quality of reviews and ratings for hotels, restaurants and attractions

Dubai, UAE; 31 March 2015: Dubai has been included on the Travellers’ Choice Destinations 2015 list released by TripAdvisor, and was the only UAE destination to make it into the top 25, taking 24th spot. The Travellers’ Choice Destination award reflects the ongoing enhancement of Dubai’s... Read More

New Supercar Making Facility in Dubai To Start Production In 2016

02 Apr 2015

W Motors, makers of the Lykan supercar, confirmed that work on the facility was progressing well.

The Middle East’s first supercar manufacturing facility will begin production by January 2016, the company’s CEO has confirmed.

Speaking on the sidelines of Step conference in Dubai, Ralph Debbas, CEO of Lebanon-based W Motors – which has created the $3.4 million Lykan HyperSport car – confirmed that work on the facility was progressing well.

“By beginning next year, we’ll... Read More

UAE retains Top 10 ranking in Swiss watch industry’s 2014 exports

02 Apr 2015

2014 figures show rise of 8.9% for UAE over 2013 and 19% over 2012 in Swiss watch imports 

Dubai, UAE; March 31, 2015: In 2014, the UAE continued to uphold its top ten ranking in the import of Swiss watches, showing a substantial growth of 8.9% over the previous twelve months. The Federation of the Swiss Watch Industry’s cumulative 2014 reports reveals that the UAE still dominates the region’s timepiece imports at a value of 1,017.6 million Swiss Francs (add dirham amount here).

... Read More

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