Business

Sixth edition of Design Days Dubai to be held from 14 – 17 March, 2017

Sixth edition of Design Days Dubai to be held from 14 – 17 March, 2017

01 Feb 2017

Returning for its sixth edition in a new location at Dubai Design District (d3) with the largest number of exhibitors to date (50), Design Days Dubai is the Middle East and South Asia’s only annual fair dedicated to collectible modern and contemporary design works.

Positioned as a fair of discovery and with a primary focus on contemporary creations, the fair’s unique format provides an international platform for the region’s emerging design studios and solo designers to debut their... Read More

Archaeological excavations cast new light on Abu Dhabi's earliest inhabitants

Archaeological excavations cast new light on Abu Dhabi's earliest inhabitants

01 Feb 2017

Artefacts excavated from a village on the island of Marawah and in Baynunah indicate that during this time, a sophisticated and highly skilled population were able to trade and thrive in challenging conditions and adapt to the changing environment around them.

Commenting on the latest discoveries, HE Mohamed Khalifa Al Mubarak, Chairman, TCA Abu Dhabi, said: “These important discoveries signify Abu Dhabi’s advanced construction methods from the Neolithic and the influential role it... Read More

flydubai announces 14.4% passenger growth

flydubai announces 14.4% passenger growth

01 Feb 2017

flydubai has today announced its Full-Year Results for 2016 reporting a profit of AED 31.6 million (USD 8.6 million). It has reported total revenue of AED 5 billion (USD 1.37 billion) an increase of 2.4% compared to the same period last year.  The stronger second half, driven by increased passenger numbers, was impacted by downward pressure on yield leading to lower overall revenue growth reflecting a continuation of the same adverse factors reported in the first half.

His Highness... Read More

HH Sheikh Mohammed watches 4th stage of Dubai International Cycling Tour

HH Sheikh Mohammed watches 4th stage of Dubai International Cycling Tour

01 Feb 2017

WAM -- Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, watched the 4th stage of the Dubai International Cycle Tour.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Khalifa Saeed Sulaiman, Director General of Dubai’s Protocol Department, also witnessed the race from the first stage to ensure the safety of the participants in the race that started this morning from the Dubai International Marine... Read More

Abu Dhabi to host fourth session of Arab - Russian Cooperation Forum today

Abu Dhabi to host fourth session of Arab - Russian Cooperation Forum today

01 Feb 2017

WAM--Abu Dhabi has hosted a meeting of senior Arab officials within the framework of preparation for the fourth session of the Arab - Russian Cooperation Forum, which will be organised on Wednesday by the Ministry of Foreign Affairs and International Cooperation.

During the meeting, the draft documents for the fourth session of the forum, which include a communique draft and a plan for the Executive work, were discussed. The communique draft focusses on issues of common interest... Read More

Global Space Congress at Saadiyat Island Abu Dhabi discusses latest technologies in space exploration

Global Space Congress at Saadiyat Island Abu Dhabi discusses latest technologies in space exploration

01 Feb 2017

WAM -- Experts at the Global Space Congress, which opened here on Tuesday at St. Regis Saadiyat Island Resort Abu Dhabi discussed the latest technologies in space exploration and ways to strengthen international efforts to develop this vital sector.

The International Astronautical Federation also revealed plans to establish an international innovation agenda in the field of astronautics, in a bid to keep up with current challenges in the space sector.

The Congress further... Read More

Global GDP expected to grow 2.8 pct in 2017 in spite of many economic and political hurdles

Global GDP expected to grow 2.8 pct in 2017 in spite of many economic and political hurdles

31 Jan 2017

Euler Hermes, the world’s leading provider of trade-related credit insurance solutions, expects world GDP to grow by 2.8 percent year on year in 2017. With the smooth transition of the U. S. presidency from Barack Obama to Donald Trump being completed, the focus on the global economy shifts now to the four blocks United States, Eurozone, China and the Emerging Markets.

Jules Kappeler, Chief Executive Officer (CEO) Euler Hermes GCC (“the company”) in Dubai, commented: “This slight pick... Read More

Study says UAE's contributions to solar energy helped cut costs across the globe

Study says UAE's contributions to solar energy helped cut costs across the globe

31 Jan 2017

WAM - A Japanese study has said the UAE s support for renewable energy contributed to make solar energy cheap and it is now becoming cheaper to produce, with bid prices for solar and wind power projects in Europe and the Middle East dropping to levels comparable to coal-fired thermal power.

The study, conducted by the Japan s Nikkei, said that the UAE s Dubai Electricity and Water Authority, DEWA, received bids in the range of US 2 Cents per kilowatt-hour in proposals for solar... Read More

Passenger traffic at DWC climbed 84.5 per cent in 2016

Passenger traffic at DWC climbed 84.5 per cent in 2016

31 Jan 2017

WAM -- Passenger traffic at Dubai World Central, DWC, Dubai’s second international hub, witnessed a strong surge in 2016, climbing 84.5 percent according to the traffic report issued by operator, Dubai Airports, today.

DWC welcomed a total of 850,633 passengers in 2016, up 84.5 percent compared to 461,063 passengers recorded in 2015. During the fourth quarter, passenger traffic at DWC totalled 248,405, up 39.9 percent compared to 177,608 passengers recorded during the last three... Read More

Dubai Parks and Resorts' First Chinese New Year Celebration

Dubai Parks and Resorts' First Chinese New Year Celebration

31 Jan 2017

This year, guests can celebrate the Year of the Rooster at two of Dubai Parks and Resorts exciting theme parks. 

From now until February 5th, guests visiting MOTIONGATE™ Dubai during Chinese New Year will be treated to a vibrant dragon and lion dance performance, accompanied by live drum and cymbal musicians plus a parading Chinese Buddha character. The colourful show will take place twice daily at 2:00pm and 6:00pm in Studio Central, which will also be adorned in traditional Chinese... Read More

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