Business

UAE on track to achieve high growth, Minister of Economy asserts

27 Oct 2015

The UAE Minister of Economy says number of new initiatives to spur the economy

26 October 2015

Abu Dhabi: The UAE is set on a path to maintain high growth despite the economic uncertainties in the world, weakening oil prices and regional instability, the UAE Minister of Economy said on the second day of the Global Agenda Summit in Abu Dhabi on Monday.

“We have drafted a vision for many sectors to be developed by 2021. We plan to ensure that 5 per cent of the total GDP is... Read More

Emaar said to plan mall, hotel venture for Expo 2020

27 Oct 2015

The UAE’s largest developer by market value to build the properties in a joint venture with Dubai World Trade Centre

Dubai: Emaar Properties PJSC, owner of the world’s largest mall, plans to build a shopping centre and several hotels on the Dubai site that will be used to stage the World Expo 2020, two people with knowledge of the matter said.

The UAE’s largest developer by market value will build the properties in a joint venture with Dubai World Trade Centre LLC, said the... Read More

Oil at $80 seen as ideal in next phase - UAE economy minister

26 Oct 2015

The minister said the world could not afford to let oil stay at its current level, which is roughly $50 a barrel for Brent crude

By

Reuters

The level of $80 a barrel is seen as an ideal price for oil as the world economy moves to higher growth, the United Arab Emirates’ Minister of Economy Sultan bin Saeed al-Mansouri said on Sunday.

“The minister of energy looks at $80 as the ideal price of oil as we go to the next phase,” Mansouri told reporters before the start... Read More

UAE cabinet approves slightly smaller federal budget for 2016

26 Oct 2015

Next year's budget has been set at Dhs 48.56bn with a zero deficit

By

Reuters

26 October 2015

http://d.adroll.com/cm/r/out

The cabinet of the United Arab Emirates approved a slightly smaller federal budget for 2016,... Read More

Flydubai begins operations from Dubai World Central

26 Oct 2015

The carrier will offer flights to destinations such as Amman, Beirut, Chittagong, Doha, Kathmandu, Kuwait and Muscat from DWC

26 October 2015

Dubai-based airline flydubai has started operations from Al Maktoum International at Dubai World Central from Sunday, October 25 as it seeks to grow its network.

Flydubai will begin services to destinations such as Amman, Beirut, Chittagong, Doha, Kathmandu, Kuwait and Muscat from DWC and is expected to operate roughly over 70... Read More

UAE to grow 3.5% in 2015

26 Oct 2015

26 October 2015 Taxes may be considered but only if it would serve national interests, says minister.

UAE Minister of Economy Sultan bin Saeed Al Mansouri says he expects the country's economy to grow by three to 3.5 per cent in 2015, and that the taxes could be introduced in the country - but only if they serve the national interest.

The minister was speaking at a Press briefing on the first day of the eighth Summit on the Global Agenda, which is taking place until tomorrow and... Read More

Gordon Ramsay Launches Bread Street Kitchen & Bar Dubai

26 Oct 2015

New venue at Atlantis, The Palm is one of the season’s most awaited openings. Gordon Ramsay hosted one of Dubai's most highly anticipated events- the launch of Bread Street Kitchen & Bar at Atlantis, The Palm. The who's who of Dubai and UK were among the first to experience Ramsay's new restaurant, tasting a sampling of the modern European dishes, innovative beverages and eclectic Brittania atmosphere which will be signature to the venue when it officially opens to the public on 1st... Read More

Emirates, in tandem with Dubai and the UAE, has grown to become a leading player on the global stage

26 Oct 2015

I would also like to take this opportunity to commend the dedicated men and women working at Emirates Airline

Quote From Shaikh Ahmad Bin Saeed Al Maktoum on Emirates’ 30th anniversary

25 October 2015

“Today we celebrate the 30th anniversary of Emirates Airline. From humble beginnings, Emirates, in tandem with Dubai and the UAE, has grown to become a leading player on the global stage.

Without the daring vision and support of HH Shaikh Mohammad Bin Rashid Al... Read More

Al Tayer Motors Reveals the All-New Jaguar XF in the UAE

26 Oct 2015

Al Tayer Motors, the exclusive importer-dealer of Jaguar cars in the UAE, unveiled Jaguar’s dynamic, coupé-like, aluminium-intensive, lightweight All-New Jaguar XF, in Dubai.

The All-New Jaguar XF was launched at a private evening event held at Meydan (on Thursday) and attended by some of the UAE’s most notable VIP guests in addition to loyal Jaguar customers. A Jaguar XF-S was showcased at the event, giving guests a closer look at the Jaguar brand’s latest member to join the... Read More

Virtual reality will change travel and tourism for the better

26 Oct 2015

Government understands the value of travel and tourism to the greater economy

Dubai: The World Economic Forum’s Summit on the Global Agenda 2015 which opened in Abu Dhabi on Sunday is discussing means to collectively develop solutions to address the most pressing issues shaping the global, industry and regional agendas. Gerald Lawless, CEO, Jumeirah Group addresses some of the key issues faced by global hospitality industry and the outlook for the industry in the UAE

26 October... Read More

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