UAE News
The UAE has become the first Gulf country to liberalize the price of fuel
Monday, August 3, 2015The UAE has become the first Gulf country to liberalize the price of fuel. As of August 1, petrol prices will increase by an average of 24%. The government has decided to remove subsidies on fuel and make the price of petrol and diesel variable in line with average global prices. Until now both have… Untitled
Global property developer Emaar Properties records 12% growth in first half
Monday, August 3, 2015Global property developer Emaar Properties PJSC recorded a net profit of AED 2.205 billion (US$ 600 million) during the first six months of 2015 (January to June). This 12 per cent is higher than the first half 2014 net profit of AED 1.977 billion (US$ 538 million). Revenue for H1 2015 is AED 6.497 billion… Untitled
Theme parks are pegged to contribute more than AED 5 billion to the Dubai economy
Sunday, August 2, 2015Theme parks in the UAE and GCC have an edge over their counterparts across the globe since they have adopted the latest technology and are far more innovative and creative. Theme parks are pegged to contribute more than Dh5 billion to the Dubai economy by 2020. This is good news for amusement park operators. Lennard… Untitled
Emirates celebrates five years in Spain with new A380 service to Madrid
Sunday, August 2, 2015Emirates’ A380 route network has been extended even further with the launch of a daily A380 flight to Madrid yesterday, the 35th international A380 destination on the airline’s network. Emirates is the first airline to offer a scheduled A380 service to Madrid which coincides with the five year anniversary of the airline’s Spanish operations. The… Untitled
Emirates bids farewell to its last Boeing 777-200
Sunday, August 2, 2015Emirates, a global connector of people, places and economies is pursuing an aggressive fleet renewal programme that ensures it operates one of the world’s most modern and efficient fleet of aircraft, with an average age of less than 75 months. With Emirates taking delivery of 24 new aircraft in 2014/15 and 26 new aircraft planned to… Untitled
20% increase in hotel stays and over 5,000 rooms in the pipeline for Abu Dhabi
Sunday, August 2, 2015A new report published by JLL for The Hotel Show Dubai 2015 reveals that the Abu Dhabi hotel industry is experiencing positive growth with 5,200 rooms in the pipeline for 2017. 2,300 rooms are set to enter the market by the end of 2015 alone. The Abu Dhabi Tourism and Culture Authority (ADTCA) also report… Untitled
More families to visit Dubai as tourism is set to soar
Thursday, July 30, 2015Leading luxury hotel and resort marketing specialist SweetBeam has today revealed its latest hotel industry intelligence. The results demonstrate the likely revenue increase due to the expected surge in family visitors to Dubai in the run up to 2020. The research was conducted over a random sample of luxury Dubai hotels across a two year… Untitled
Dubai Trade records impressive growth in first half of 2015
Thursday, July 30, 2015In line with the rapid growth of Dubai’s economy, recent statistics released by Dubai Trade, the online gateway for trade and logistics services in Dubai, show promising growth figures in the first half of 2015, as compared to the same period last year. The first half of 2015 witnessed 12.5% growth in new companies registered… Untitled
Universal Pictures Returns to Abu Dhabi for Fast and Furious 7 Home Theatre Release
Thursday, July 30, 2015Universal Pictures Home Entertainment and Tyrese Gibson, star of the blockbuster Fast & Furious franchise, came to Abu Dhabi last week as part of a four-day press junket that saw international media representatives and industry professionals cover the home theatre release from Abu Dhabi. Following the incredible success of the theatrical release of Fast &… Untitled
DC Aviation Al-Futtaim expands aircraft management fleet with addition of Challenger 604 aircraft
Thursday, July 30, 2015DC Aviation Al-Futtaim (DCAF) has expanded its aircraft management fleet with the addition of a Challenger 604 aircraft. The aircraft which DCAF will operate on behalf of the client will be based at its facility at Dubai World Central. The management contract will see DCAF provide a comprehensive service package including aircraft maintenance. Holger Ostheimer,… Untitled
