Business

Making small changes at home could save energy and water

06 Aug 2015

Did you know that if every Dubai resident set his or her home air-conditioning to 24 degrees Celsius, we could save Dh81 million per year in electricity generation costs that’s enough to power 11,000 homes for a year?

This small step to change one’s decisions at home and in the office can also save approximately 160,000 tonnes of emissions, according to Dubai Electricity and Water Authority (Dewa)’s 2014 figures. That is the combined year-long emissions of 33,684 passenger vehicles... Read More

Meydan launches Dubai project with world’s tallest residential tower

06 Aug 2015

Dubai is the Gulf emirate known for extravagant projects. The developer Meydan has announced the launch of a new scheme known as Meydan One featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, a 25,000 sq meters indoor sports facility, the biggest dancing fountains in the world, a beach and a civic plaza capable of hosting up to 60,000 people. It is also to contain a 100-berth marina. And,  a retractable roof.

“In a city which never stops innovating,... Read More

Flydubai to begin flights from Al Maktoum International Airport

05 Aug 2015

Flydubai will begin operations at Dubai World Central (DWC) from October 25, the budget airline said on Tuesday, bolstering Dubai's efforts to have carriers switch from the emirate's busy main airport.

Flydubai said it would serve destinations during the winter schedule from DWC's Al Maktoum International Airport. It will become just the fifth passenger airline to operate from DWC, with many reluctant to move operations from Dubai International.

The four carriers already there... Read More

The complex task of building moving sand-dune walls at the UAE pavilion in Milan

05 Aug 2015

Hundreds of intricate panels expertly made by engineers and workers in a factory in southern China were fitted together perfectly to build the giant, dune-inspired structure that is attracting thousands of people at the Milan Expo.

The sand-textured UAE pavilion walls were created using 330 moulds to replicate the patterns and ridges of dunes on to 903 panels made at a unit near Panyu city.

"People are touching it and can't believe it's concrete; they say it looks and feels... Read More

MBRF launches new series of ‘Book in Minutes’ highlighting successful leadership styles

05 Aug 2015

Mohammed Bin Rashid Al Maktoum Foundation (MBRF) has introduced the new series in its ‘Book in Minutes' initiative that put the spotlight on leadership styles and the power of positive thinking.

Through ‘Book in Minutes,' an ambitious initiative that aims to strengthen the culture of reading, MBRF presents Arabic summaries of some of the latest international books that are relevant to the community. The new series that puts the focus on leadership styles also covers subjects such as... Read More

GITEX expands focus to diverse industry verticals

05 Aug 2015

With the potential global economic impact of Internet of Things-related technology and services anticipated to reach more than USD 11 trillion per year by 2025, developing economies such as those in the Middle East will contribute nearly half of the total value, according to a new report by the McKinsey Global Institute.

Consequently, the 35thedition of GITEX Technology Week 2015 - the leading ICT business gateway in the Middle East, Africa and South Asia (MEASA) - will target ICT... Read More

Beijing selected as 2022 Winter Olympics host

03 Aug 2015

The International Olympics Committee selected Beijing as the host of the 2022 Winter Olympics in Kuala Lumpur on Friday, lured by the guarantee of financial and organizational reliability of China.

Beijing won the secret paper ballot of the IOC members 44-40, with one abstention, after the electronic voting system suffered a string of technical faults with the writing tablets halfway through the afternoon.

The Chinese capital was long-considered the favourite in the two horse... Read More

Etihad Airways new B787-9 Dreamliner raises bar on Singapore route

03 Aug 2015

Etihad Airways has set a new benchmark for luxury travel on the UAE-Singapore route with the start of daily Boeing 787-9 Dreamliner services this weekend.

Flight EY470 departed Abu Dhabi at 10pm last night and touched down at Singapore’s Changi Airport at 10.15am today. The return flight EY473 will depart Changi Airport for Abu Dhabi at 8.10pm this evening and arrive in the UAE capital at 11.45pm local time.

Etihad Airways’ President and Chief Executive Officer, James Hogan,... Read More

The UAE has become the first Gulf country to liberalize the price of fuel

03 Aug 2015

The UAE has become the first Gulf country to liberalize the price of fuel. As of August 1, petrol prices will increase by an average of 24%. The government has decided to remove subsidies on fuel and make the price of petrol and diesel variable in line with average global prices.

Until now both have been subsidized by the government, and fuel in the UAE has been paid for at a flat rate despite the fluctuations in oil prices worldwide.

Starting this week, the Fuel Price... Read More

Global property developer Emaar Properties records 12% growth in first half

03 Aug 2015

Global property developer Emaar Properties PJSC recorded a net profit of AED 2.205 billion (US$ 600 million) during the first six months of 2015 (January to June).

This 12 per cent is higher than the first half 2014 net profit of AED 1.977 billion (US$ 538 million). Revenue for H1 2015 is AED 6.497 billion (US$ 1.769 billion), 13 per cent higher than the H1 2014 revenue of AED 5.730 billion (US$ 1.560 billion).

The positive growth of Emaar was underlined by the robust... Read More

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