Business

The UAE among top 20 in global competitiveness ranking

01 Oct 2015

The country benefits from high levels of openness to trade, investment

1 October 2015

Dubai: The UAE is ranked 17th in the Global Competitiveness Index of the Global Competitiveness Report 2015-2016, which profiles 140 economies.

The report observed that the country has excellent macroeconomic environment, highly developed infrastructure, and strong institutions that provide a solid base, and the Emirati economy is significantly more diversified than other GCC countries... Read More

Slump in Russian tourists slows down Dubai luxury retail sector

30 Sep 2015

Dubai: With fewer tourists visiting Dubai from Russia and Europe, retailers have witnessed a slowdown in sales, particularly in the luxury end of the market.

According to a report by Jones Lang LaSalle (JLL), Dubai’s retail sector did not post a stellar performance during the second quarter of the year, as the number of traveling luxury shoppers has declined.

“Retail sales continue to slow down, particularly in the luxury segment, as tourist spending from Russia has declined,”... Read More

Meraas’s ‘The Dome Box’ at BOXPARK – A Memorable 360-Degree Audio-Visual Experience

30 Sep 2015

Opened on 18th September, The Dome Box to Feature Three On-screen Animated Adventures on Nature, Science and Environment

Dubai, UAE: 15th September 2015 – Meraas, a Dubai-based holding company, has launched The Dome Box, a dome theatre by Meraas that screens entertaining and educational cinematic productions.

Opened on 18th September, The Dome Box will screen four animated feature films that focus on nature, science and the environment. Showcased on a state-of-the-art 360-... Read More

UAE 90-day tourist visa now online

30 Sep 2015

Tourists to the UAE can now apply for a 90-day visa online, the Ministry of Interior has announced.

The e-service, available on both the ministry’s website and smartphone app, is expected to reduce application time, as well as the number of people at its visa centres by 80 percent within three years.

The 90-day visa is only available to visitors who are sponsored by either a citizen, resident or investor.

Applicants sponsored by a private sector employer also require a... Read More

Leisure attractions luring more tourists to Dubai

30 Sep 2015

Hotels, hospitality have great part to play in achieving Dubai’s Tourism Vision

Dubai: The leisure attractions will lure more tourists to Dubai and will have a sizeable role to play, said chief executive officer of Dubai Corporation for Tourism and Commerce Marketing (DCTCM).

“We look towards next year when our leisure offerings will be significantly enhanced by the number of theme parks, it is crucial that these big projects are complemented by continuous additions in other... Read More

Shaikh Ahmad opens three-day hotel and leisure show in Dubai

30 Sep 2015

Around 18,000 hospitality and leisure professionals are expected to attend three-day event

30 Sept, 2015

Dubai: Shaikh Ahmad Bin Saeed Al Maktoum, President of the Department of Civil Aviation, CEO and Chairman of the Emirates Group and Chairman of Dubai World, has opened The Hotel Show and The Leisure Show at the Dubai World Trade Centre.

The event, which will run for three days until September 30, is expected to attract over 18,000 professionals from the hospitality... Read More

Russia, Ukraine improving, Air Arabia chief says

30 Sep 2015

Carrier had scaled back flights to two countries in the last few years due to their economic and political fragility

Dubai: Air Arabia is seeing an improvement in Russia and Ukraine, two markets the low-cost airline has significantly scaled back from in recent years due to their economic and political fragility.

Demand for air travel between the UAE and Russia and Ukraine has softened since the end of 2013. Civil war and the shooting down of Malaysian Airlines flight MH17 in... Read More

50 earthquake warning stations built in Abu Dhabi

29 Sep 2015

29 Sept, 2015

The network will protect vital utilities against seismic risks

The Abu Dhabi City Municipality (ADM) has constructed a state of the art seismic risks monitoring network comprising 50 observation stations. With this, the civic body has completed all phases of its Seismic Risks Monitoring and Management Project.

Musabbah Mubarak Al Murar, acting general manager of ADM, said: "Despite the lack of a historical record of quakes in the UAE, the type of unique... Read More

Majid Al Futtaim celebrates a new era of retail and entertainment through the completion of Mall of the Emirates expansion

29 Sep 2015

Design innovation enabled Majid Al Futtaim to create a whole new level as part of its Evolution 2015 AED 1 billion multi-stage redevelopment journey Creates an entirely new customer experience with zero service interruption within one of the world’s most successful retail destinations            

28 Sept, 2015: Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, today unveiled the successful delivery of its Evolution 2015... Read More

Sheikha Lubna first Emirati to receive Clinton Global Citizen Award

29 Sep 2015

29 Sept 2015

Abu Dhabi // Sheikha Lubna Al Qasimi has became the first Emirati and only the second person from a GCC country to receive the Clinton Global Citizen Award.

In New York on Sunday, the Minister of International Cooperation and Development was handed the award during the Clinton Global Initiative’s ninth annual meeting, which was hosted by former US president Bill Clinton.

The award, established in 2007 to honour outstanding individuals who exemplify global... Read More

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