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Эмирейтс Груп объявила о результатах первого полугодия 2019- 2020 финансового года

12 Nov 2019

Выручка Эмирейтс Груп снизилась на 2% и достигла 14,5 млрд долларов США, прибыль выросла на 8% и составила 320 млн долларов США. На результаты повлияли закрытие взлетно-посадочной полосы Международного аэропорта Дубая (DXB), снижение стоимости топлива, неблагоприятное колебание валютных курсов и банкротство туроператора Thomas Cook. .Авиакомпания перевезла 29,6 млн пассажиров с коэффициентом занятости кресел на уровне 81,1%, что на 2,3% выше, чем в аналогичный период годом ранее.... Read More

Formula 1® announces a new Official Sponsorship deal with Expo 2020 Dubai

12 Nov 2019

Formula 1® welcomed Expo 2020 Dubai, the next World Expo, as an Official Sponsor with a 14-month association that will run from the climax of the 2019 season and throughout next year’s race calendar. Expo 2020, which takes place from 20 October 2020 to 10 April 2021, will be the largest event ever staged in the Arab World and is set to welcome 192 participating countries and host 25 million visits from across the globe over 173 days. The sub-themes of Expo 2020 are Opportunity, Mobility and... Read More

Minister of State for Foreign Affairs Gargash meets with Chinese official

12 Nov 2019

Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, met today with Hu Heping, Communist Party Secretary of Shaanxi Province, China.

Gargash and Heping discussed cooperation and ways to enhance bilateral relations in all fields between the UAE and China.

The UAE is a key component of the Belt and Road Initiative, said Hu Heping, Member of the Central Committee of the Communist Party of China, CPC, in Shaanxi province, the People’s Republic of China, during a... Read More

President of Belarus visits Sheikh Zayed Grand Mosque

11 Nov 2019

(WAM) -- President Aleksandr Lukashenko of Belarus has visited the Sheikh Zayed Grand Mosque in Abu Dhabi, along with his accompanying delegation, as part of his official visit to the UAE.

The Belarusian President, commenced his tour by visiting the ossuary of the late Sheikh Zayed bin Sultan Al Nahyan, and recalled the Founding Father's qualities and wise approach that enriched the culture of tolerance and peaceful co-existence among various nations of the world.

President... Read More

Alibaba's online retail blitz known as Singles Day has pulled in $24 billion so far, China's biggest e-commerce company said on Monday.

11 Nov 2019

The event regularly racks up bigger sales than Black Friday and Cyber Monday combined — and with more than half a day left in the shopping extravaganza, Alibaba (BABA) appears to be on track to surpass last year's $30 billion haul.

During Singles Day pre-sales, which kicked off three weeks ago, Estée Lauder (EL) raked in a record 1 billion yuan ($143 million) in pre-orders, Alibaba said on Sunday. Alibaba users also pre-ordered 100 million yuan ($14 million) worth of Apple (AAPL)... Read More

Bvlgari wins two prizes in the 2019 Grand Prix D’Horlogerie De Genève!

10 Nov 2019

The Chronograph Watch Prize for the Octo Finissimo Chronograph GMT Automatic, and the Jewellery Watch Prize for Serpenti Misteriosi Romani: the prestigious Grand Prix d’Horlogerie de Genève (GPHG) has awarded the Jeweller of Time two prizes on Thursday November 7th. The Jury has thereby paid tribute to Bvlgari’s spirit of edgy innovation and ultimate creativity.

These prizes acknowledge the expression of Italian style and elegance mingled with Swiss watchmaking expertise and the... Read More

A one-of-a-kind Patek Philippe Grandmaster Chime sets world record at Only Watch auction

10 Nov 2019

A one-of-a-kind Patek Philippe Grandmaster Chime Ref. 6300A sold for a hammer price of CHF 31-million (about $31-million) at Only Watch, a charity auction held in Geneva to which top watch brands donate special editions. The previous record for the world’s most expensive wristwatch was Paul Newman’s Paul Newman Rolex Daytona, which sold for $17.7-million at a Phillips auction in 2017. The previous record for the world’s most expensive watch (a pocket watch) was the Patek Philippe Henry... Read More

Luxury is the 7th Most Intimate Industry in the UAE, According to MBLM’s 2019 Brand Intimacy Study

10 Nov 2019

Dior ranks #1 in the luxury industry

In 2019, the luxury industry remains in the 7th rank out of the 15 industries showcased in the 2019 Brand Intimacy Report. Dior rises to the top of the luxury industry, followed by Chanel at #2 and Louis Vuitton at #3. The Top 10 is rounded out by Cartier, Dolce & Gabbana, Armani, Gucci, Hugo Boss, Burberry, and Hermès respectively.

Brand Intimacy is defined as the... Read More

Emirates Group announces half-year performance for 2019-20, with AED 1.2 billion profit, 7.9% increase in passengers carried to Dubai

10 Nov 2019

The Emirates Group today announced its half-year results for its 2019-20 financial year.

Group revenue was AED 53.3 billion (US$ 14.5 billion) for the first six months of 2019-20, down 2% from AED 54.4 billion (US$ 14.8 billion) during the same period last year. This slight revenue decline was mainly due to planned capacity reductions during the 45-day Southern Runway closure at Dubai International airport (DXB), and unfavourable currency movements in Europe, Australia, South Africa,... Read More

RTA awards contract for improving three metro stations

10 Nov 2019

The Board of Executive Directors of Roads and Transport Authority (RTA) has awarded a contract to upgrade three metro stations on the red line in a session chaired by HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA.

The step is part of a 5-year plan for the improvement of metro and marine transport stations and their surroundings to enhance multi-modal transit integration, bring happiness to customers, and provide a better mobility... Read More