Business

Dubai’s theme parks to attract $5b in revenues

07 Sep 2015

Theme parks in Dubai are set to generate close to $5 billion by 2020 as the country aims to welcome close to 25 million tourists during that phase.

Dubai — The theme park industry is scaling the growth trajectory in the UAE, with the country set to attract multibillion dollar revenues by 2017 through this sector, noted Abdul Rahman Falaknaz, chairman, IEC and organiser of the Deal Show.

Theme parks in Dubai are set to generate close to $5 billion by 2020 as the country aims to... Read More

UAE among world's most attractive retail markets

07 Sep 2015

Strong economic environment, infrastructure benefit retailers 7/9/2015

The UAE ranks first in the Middle East and eighth globally as the most attractive market for retailers, thanks to a strong economic environment and infrastructure, a report by a leading consultancy said recently.

"Retailers in the UAE experience some of the best conditions in the world in which to operate in, benefitting from a strong quality of infrastructure and a robust economic environment," Arcadia said in its... Read More

Dubai’s Damac launches Dhs36m luxury homes styled by Bugatti

07 Sep 2015

The uber-luxurious limited edition villas will be located within Damac’s AKOYA Oxygen master development

7/9/2015

Dubai developer Damac Properties has announced the launch of the world’s first Bugatti-styled homes within its mega AKOYA Oxygen master development.

The exclusive limited edition villas, called ETTORE 971, will be unveiled during the Cityscape Global exhibition in Dubai this week.

The project is named after Ettore Bugatti, the founder of the French... Read More

Emaar launches Creekside 18 residences at Dubai Creek Harbour

07 Sep 2015

The project consists of 480 residential units with one, two and three bedroom apartments in two 37-storey towers

7/9/2015

Dubai developer Emaar Properties has announced the launch of Creekside 18 residences, a two-tower apartment complex that is situated in the Island district of the Dubai Creek Harbour project.

Creekside 18 consists of 480 residential units with one, two and three bedroom apartments in two 37-storey towers.

Residents of Creekside 18 will also... Read More

Emirates Receives Company Record Delivery of Four New Wide-body Aircraft in One Day

07 Sep 2015

Emirates celebrated the company record arrival of four new aircraft in one day, affirming its commitment to flying a modern, efficient and comfortable fleet. The bumper delivery included two Boeing 777-300ERs, one Boeing 777 Freighter and one A380 aircraft.

Emirates is already the world’s largest operator of the Boeing 777 and the A380. The A380 aircraft delivered this week brings the total number of this iconic double-decked aircraft in the Emirates fleet to 66. The additional three... Read More

Dubai International Financial Centre reports impressive growth in first half of 2015

07 Sep 2015

Dubai International Financial Centre reports impressive growth in first half of 2015

Dubai International Financial Centre (DIFC), an established global financial services hub connecting businesses and financial institutions with emerging markets across the Middle East, Africa and South Asia (MEASA), saw impressive growth in the first half of 2015 (H1 2015).

The number of active companies registered at the Centre grew 8.3% while the number of people employed within DIFC jumped... Read More

UAE spa tourism forecast to double by 2017

07 Sep 2015

A report published by Euromonitor International for The Leisure Show Dubai 2015 reveals that the UAE spa market is booming with revenues of US $411 million forecast for 2015, while the Global Wellness Institute (GWI) reports the UAE is leading spa tourism in the Middle East and North Africa with visitor numbers set to double by 2017.

GWI identifies that the MENA region is the second fastest-growing market in the world for spas behind Sub-Saharan Africa with “growth powerhouse” UAE set... Read More

Supercars worth $150m in Dubai Guinness World Record video

06 Sep 2015

Over 150 million dollars worth of supercars took part with brands including Bugatti, Ferrari, Lamborghini and Rolls Royce.

360MEA, THE DUBAI based Virtual Reality startup has made a Supercars Parade video in Meydan, Dubai. The resulting 360 degrees interactive production enables you to control and view every angle of the show, which recently took place near the racecourse.

Over 150 million dollars worth of supercars took part with brands including Bugatti, Ferrari, Lamborghini... Read More

Emirates’ Jennifer Aniston TV ads to cost $20m

06 Sep 2015

The advertisements are scheduled to begin running this October, a senior spokesperson confirmed

6 September 2015

Dubai airline Emirates is planning to spend about $20m to run television advertisements featuring Hollywood actress Jennifer Aniston this year, a company spokesperson has confirmed.

The confirmation comes after Emirates’ senior vice president for corporate communications Boutros Boutros revealed the amount to media at an event in Orlando. He added that the... Read More

UAE observes three-day mourning for 45 soldiers killed in Yemen

06 Sep 2015

Schools and other institutions will not close but flags will be flown at half mast during the period

The United Arab Emirates has declared a three-day mourning period for the 45 soldiers killed in Yemen last week while on active duty.

Schools and other institutions will not close but all flags will be flown at half mast during the period. Other major entertainment events will also be postponed, officials said.

Campaigning for Federal National Council elections that were... Read More

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