Business
Tourism adds Dhs 134bn to UAE economy in 2015
Sunday, April 10, 2016Minister of economy says sectors contribution will increase 5.4 per cent annually Tourism added Dhs 134bn ($36.4bn) to the UAE’s gross domestic product last year, according to the minister of economy. Citing data issued by the World Travel and Tourism Council, Sultan bin Saeed Al Mansouri said the sector accounted for 8.7 per cent of… Tourism adds Dhs 134bn to UAE economy in 2015
Dubai’s Gerald Lawless appointed World Travel and Tourism Council chairman
Sunday, April 10, 2016The former Jumeirah CEO has been the council’s vice chairman since 2012 Gerald Lawless, the head of Tourism and Hospitality at state-owned Dubai Holding, has been appointed the chairman of the World Travel and Tourism Council. The appointment was announced at the council’s annual general meeting in Dallas this week. A member of the WTTC… Dubai’s Gerald Lawless appointed World Travel and Tourism Council chairman
UAE’s first KidzMondo theme park planned at new Abu Dhabi mall
Sunday, April 10, 2016Located at the World Trade Centre mall in Abu Dhabi, it will open in 2017 A massive new edutainment theme park is set to come up in Abu Dhabi’s The Mall at World Trade Centre, developer Aldar Properties has announced. The KidzMondo park will be a miniature city targeting children aged between 2-14 years and… UAE’s first KidzMondo theme park planned at new Abu Dhabi mall
Property developers gear up for 10th Cityscape Abu Dhabi
Sunday, April 10, 2016Marking its tenth anniversary this year, Cityscape Abu Dhabi runs from April 12-14 at Abu Dhabi National Exhibition Centre (Adnec). Various exhibitors are set to attend from countries that include the UAE, Saudi Arabia, Turkey, Morocco, Cyprus, Mauritius, the UK, the US, and Bosnia and Herzegovina. Bloom Holding to launch phase 4 of Bloom Gardens… Property developers gear up for 10th Cityscape Abu Dhabi
Dubai’s retail market grows to $35.4b in 2015
Thursday, April 7, 2016Retail industry to grow at 7.7% in 2016, 8.1% thereafter till 2020 Dubai’s retail market in 2015 is estimated to have reached $35.4 billion (Dh129.9 billion), witnessing annual growth rates of 3.5 per cent to 7.5 per cent since 2010, according to analysis by the Dubai Chamber of Commerce and Industry. Based on data from… Dubai’s retail market grows to $35.4b in 2015
Dubai reveals new system for visit and residency visas
Thursday, April 7, 2016Residents in Dubai will now be able to submit visa application forms at authorised typing service centres, under a new system launched by the General Directorate of Residency and Foreigners Affairs in Dubai. The GDRFA has introduced a new ‘UAE vision’ system, which will enable the public to apply for all kinds of visas and… Dubai reveals new system for visit and residency visas
Tourism sector constitutes one of the important tributaries of national income says Economy Minister
Wednesday, April 6, 2016Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the tourism sector is an important part of the national economy and a core pillar of economic diversification policy of the state. In an interview with the Emirates News Agency, WAM, the Economy Minister said that the inclusion of the National Council for Tourism… Tourism sector constitutes one of the important tributaries of national income says Economy Minister
No impact of low oil prices on UAE economy, UAE Oil Minister tells UAE-Russia Taskforce
Wednesday, April 6, 2016The current slump in the world oil prices poses a real challenge to oil exporting countries but did not have any impact on the UAE’s economy, thanks to the economic diversification policy adopted by the country, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, affirmed yesterday. ‘Low oil prices should create investment opportunities… No impact of low oil prices on UAE economy, UAE Oil Minister tells UAE-Russia Taskforce
New Dubai projects, Vertical Industrial City, Dubai Stairs and Safari Golf unveiled!
Wednesday, April 6, 2016The Dubai Municipality has unveiled several new projects as part of plans to make the emirate a “green and fully sustainable city by 2021”. Some of the new projects include a massive convention centre with a 10,000-seat capacity, a 100-hectare Safari Golf project and a Vertical Industrial City, official news agency WAM reported. The projects… New Dubai projects, Vertical Industrial City, Dubai Stairs and Safari Golf unveiled!
Dubai was the world’s 3rd busiest airport for passenger traffic in 2015
Wednesday, April 6, 2016Dubai emerged as the world’s third busiest airport for passenger traffic in 2015, up three spots since 2014, according to the latest rankings released by the Airport Council International. Dubai International also maintained its ranking as the world’s busiest for international passenger traffic last year. The airport posted traffic growth of 10.7 per cent, welcoming… Dubai was the world’s 3rd busiest airport for passenger traffic in 2015
