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Damas scoops prestigious Dubai Service Excellence Scheme award

10 May 2017

Damas, the leading jewellery retailer in the Middle East, has added yet another win under its belt by securing an award under the Dubai Service Excellence Scheme (DSES) for ‘Best Performing Brand’ in 2016 in the ‘Jewellery Business Category’. The Damas team accepted the prestigious award at the Business Excellence Awards Ceremony held by the Dubai Economic Department earlier this month in the Arena Ballroom, Dubai World Trade Centre.

Established by the Department of Economic... Read More

Dubai’s private sector picks up momentum in Q2 2017

10 May 2017

WAM -- The private sector in the Emirate of Dubai gained momentum by the beginning of Q2 2017 as business conditions improved in key platforms, according to the latest Emirates NBD Dubai Economy Tracker Index.

The index is a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy. The data cited by the index showed that wholesale and retail, travel and tourism and construction remained the best performing sub-sectors... Read More

H.H. Sheikh Abdullah bin Zayed receives IRENA's Director-General

10 May 2017

WAM -- H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has stressed the UAE's effective commitment to its partnership with the International Renewable Energy Agency (IRENA) and member states, in their efforts to encourage the growth of the renewable energy sector to compete strongly in the global market.

He also emphasised the continuation of cooperation with the agency and countries across the world to increase renewable energy... Read More

7th Annual Investment Meeting (2017)

10 May 2017

Stage set for 7th Annual Investment Meeting (2017) from 2-4 April 2017 at the Dubai International Convention and Exhibition Centre under the theme ‘International Investment, Path to Competitiveness & Development’

Ministry of Economy in the UAE has announced key insights on the 7th Annual Investment Meeting (AIM) agenda, which will be held in Dubai from 2nd- 4th April 2017 at the Dubai International Convention and Exhibition Centre under the theme ‘International Investment, Path to... Read More

XXII Carat on track for delivery by end of 2017

10 May 2017

Forum group is on track to deliver first-of-its kind luxury villa project at the Palm Jumeirah by the end of 2017. The international property conglomerate, which unveiled its iconic development - XXII Carat at the Palm Jumeirah West Crest, said residents of the Mediterranean architectural inspired villas will enjoy a luxury hotel-inspired lifestyle offering spacious accommodation with exclusive access to private beachfronts spanning 720 feet with 360° views of Dubai city and the Arabian Gulf... Read More

New technologies see wait times at DXB International (DXB) drop as much as 10% in Q1 2017

09 May 2017

Passenger wait times at Dubai International (DXB) have dropped by as much as ten per cent during the first quarter of 2017 thanks to the implementation of new technologies at the world’s busiest airport for international passenger traffic. Recent results show that in the first three months of 2017, 84 per cent of transfer passengers were processed within 5 minutes, 68 per cent of arrival passengers were processed within 15 minutes, and 87 per cent of departing passengers were processed... Read More

HH Sheikh Mohamed bin Zayed witnesses unveiling of Miral's master development plan for South of Yas Island

09 May 2017

WAM - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, witnessed today the launch of Miral’s AED12 billion master development plan to transform the southern end of Yas Island in Abu Dhabi.

His Highness welcomed Miral’s delegation today at the Sea Palace Abu Dhabi, where they revealed the details and development phases of the project, presented to His Highness by the Chairman of Miral Mohamed Khalifa Al... Read More

Get ready for Dubai’s Super Sale from 18 – 20 May with 30 – 90% discounts on top brands!

08 May 2017

Retail therapy starts early this summer in Dubai with the 3-day Super Sale, a new citywide retail initiative that will offer shoppers the opportunity to pick up amazing deals across a range of merchandise at participating outlets from 18-20 May.

Organised by the Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), the 3-day Super Sale will offer shoppers incredible discounts of between 30 – 90 % on selected... Read More

UAE's non-oil trade hits AED1.56 trillion in 2016

08 May 2017

WAM – In yet another sign of the country’s resilient economic growth policy, the UAE’s non-oil foreign trade in 2016 hit AED1.564 trillion, a 1 percent growth over 2015, according to UAE Federal Customs Authority, FCA.

Despite besetting economic pressures, the volume of UAE’s non-oil foreign trade, including direct trade and free zones’, increased to AED1.564 trillion in 2016 from AED1.556 trillion in 2015, FCA said in its preliminary statistical data released recently.

Air Arabia posts net profit of AED103 million in Q1 2017

08 May 2017

WAM -- Sharjah-based carrier Air Arabia today reported strong financial results for the first quarter of 2017 exceeding analyst expectations, as the Middle East’s first and largest low cost carrier continued to deliver solid commercial and operational results.

Air Arabia reported a net profit of AED103 million for the three months ending 31st March, 2017, a 10 percent less than the corresponding 2016 figure of AED114 million. In the same period, the airline posted a turnover of AED810... Read More