Business
UAE tops new car sales growth in Middle East
15 Nov 2015
The UAE topped the world in new car sales growth rates during the first eight months of 2015 15 November 2015The UAE hosts major automotive dealerships in the world and is also a key market for car sales in addition to being a re-export hub for the Middle East region.
This was stated by Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry at an event, which was organised by Custom Events to announce the results of the second edition of Car of... Read More
UAE economic growth to rebound by 2016 despite oil price drop
15 Nov 2015
The UAE economy, the most diversified regionally, has experienced a slowdown this year15 November 2015
The United Arab Emirates’ economic growth, which has been hit by low oil prices, will be on a positive trajectory by the end of next year – a senior investment official said.
Although one of the most diversified in the region, the UAE economy has experienced a slowdown this year. The International Monetary Fund also cut the Gulf Arab country’s growth forecast for 2015 to 3.2... Read More
EXPO 2020 Dubai Launched YouthConnect
15 Nov 2015
The first in a series of annual events designed by youth for youth to unlock opportunities
Expo 2020 welcomed some of our nation’s brightest young minds at the inaugural ‘YouthConnect’ on Saturday, November 14th 2015 at the Sky Bubble, Meydan - Dubai. The event is the first in a long-standing and wide-ranging series of interactive forums, designed by youth for youth.
YouthConnect gathers UAE residents between the ages of 16 and 25 for an... Read More
DAMAC launches the world’s first Bugatti-styled villas
12 Nov 2015
DAMAC Properties, Dubai’s leading luxury real estate developer recently launched ETTORE 971, the world’s first Bugatti-styled, ultra-premium, limited edition villas within the lush green, 55 million sq ft AKOYA Oxygen master development, overlooking the Tiger Woods designed, Trump World Golf Club during Cityscape Global exhibition in Dubai. Aviamost met Niall Mcloughlin, Senior Vice President, DAMAC Properties to know more about the city’s sensational new project which has placed it in the... Read More
UAE tourist spends grow 10% in first nine months of 2015
12 Nov 2015
Tourist F&B spending sees 30% year-on-year growth, study says
12 November 2015
Overall tourist spends in the UAE increased by 10 per cent in the first three quarters of 2015 compared to the same period last year, according to a new report on consumer spends by Network International.
The food and beverage sector witnessed the highest growth, 30 per cent year on year, with a 78 per cent growth in Saudi spending making them the top spenders in the sector. F&B... Read More
Dubai expects more Chinese tourists in 2015
12 Nov 2015
Emirate sees growth despite China economic slowdown
12 November 2015
A slowdown in China’s economy is unlikely to lead to a drop in the number of Chinese visitors to Dubai, with the emirate’s tourism authority working to add more flights between the two destinations in 2016.
Hoor Al Khaja, manager of overseas promotions at the Department of Tourism and Commerce Marketing (Dubai Tourism), said by phone that the tourism authority continues to see appetite from Chinese... Read More
Etihad in deal to promote Abu Dhabi’s tourism appeal
12 Nov 2015
UAE carrier, TCA and Miral Asset Management to drive growth of inbound, stopover traffic
12 November 2015
Etihad Airways has signed a Memorandum of Understanding (MOU) with the Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), and also with Miral Asset Management (Miral), which oversees the development and management of a range of hospitality, sports, entertainment, retail and leisure destinations on Yas Island. The two MOUs aim to cement stronger ties between the... Read More
Sheraton resort opens in Sharjah
12 Nov 2015
The 349-room resort further expands the Starwood’s portfolio in the UAE to 25 hotels
12 November 2015
Starwood Hotels & Resorts on Wednesday announced the opening of the Sheraton Sharjah Beach Resort & Spa, its first hotel in Sharjah. The 349-room resort further expands the company’s portfolio in the UAE to 25 hotels.
“The entry of Sheraton in Sharjah marks a milestone for the company and also reinforces the Sheraton brand’s goal to open 150 new hotels by 2020,”... Read More
Reem Mall project unveiled to region’s retailers
12 Nov 2015
They had the opportunity to see the detailed plans for the first time in a public forum
12 November 2015
Reem Mall, the upcoming $1 billion (Dh3.67 billion) entertainment, leisure, dining and shopping destination in the heart of Abu Dhabi, was unveiled to the region’s retailers on Wednesday.
At an event held in Dubai, senior executives from Reem Mall, mSquared, NREC and UPAC, the developers behind the project, gave the first public presentation on what will become Abu... Read More
Ferrari Store Expands Presence in the UAE
11 Nov 2015
Ferrari Store, the Italian fashion retailer is aiming to achieve rapid expansion in the UAE. The Ferrari Store is a retail outlet opened by highly regarded Italian car maker, Ferrari. The company announced its expansion in the UAE with newly opened and remodelled outlets, including the new flagship store at The Dubai Mall, which has been designed in line with the brand’s new retail concept and is second in size only to the store at Ferrari World, Abu Dhabi.
The new retail concept was... Read More
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