Business
World’s heaviest gold ring displayed in Sharjah
08 Oct 2015
The ring, dubbed the Star Of Taiba, weighs 58.686 kg and is studded with 5.17kg of Swarovski stones. It is on display at the Expo Centre Sharjah as part of the 39th MidEast Watch & Jewellery show taking place from October 6-10.
“The ring was created in 2000 and cost nearly US$550,000 when gold was US$250 per ounce. Its value has multiplied several times by now, with gold trading near US$1,150. I am sure the ring will generate tremendous buzz among visitors,” said Saif Al Midfa,... Read More
The Future's Industry is Tourism, Tourism and Tourism!
08 Oct 2015
Gerald Lawless, President and Group CEO of Jumeirah Group, one of the world’s most prestigious hospitality chains, reflects to Aviamost Russian Magazine on the tremendous transformation that is undergoing in the global tourism industry.
Through his highly successful experience in establishing Jumeirah as one of the premier luxury hotel brands in the world, he outlines how he sees the changing dynamics of the industry affecting its progress while highlighting the challenges it faces.... Read More
Instagram celebrates 5-year anniversary at iconic Burj Al Arab
07 Oct 2015
This week Instagram’s Amy Cole headed to Dubai to celebrate its five-year anniversary with the local community. Amy, Instagram’s sixth employee, came to Dubai to take part in the company’s 12th Worldwide InstaMeet and to view an exciting projection on the Burj Al Arab alongside some of Instagram’s most inspiring local community members.
Amy’s trip follows Instagram’s recent announcement to make advertising available to more businesses, marketers in the MENA region will now be able to... Read More
Middle East’s largest development and community foundation includes 1,400 development programmes and initiatives
07 Oct 2015
H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced today the launch of one of the largest development and community foundations in the Middle East region, to be called the “Mohammed Bin Rashid Global Initiatives”. The new foundation consolidates the work of 28 organisations focusing on fighting poverty and illness; spreading knowledge and culture; empowering the community and driving innovation. Combined, the foundation’s... Read More
Emirates offers special A380 fares to a host of destinations
07 Oct 2015
Travelers in the UAE gearing up for year-end trips can now enjoy special fares to a host of destinations served by the iconic Emirates A380.
Customers can choose from 33 Emirates A380 destinations including London, Bangkok, Paris, New York and Los Angeles on the iconic double-decker starting from AED 680 in Economy Class and AED 3,780 in Business Class. Bookings must be made by 15 October 2015 for travel between 7 October to 31 December 2015.
Travel to London from AED 2,765 (... Read More
Over 1,200 multi-millionaires in UAE
07 Oct 2015
There are 1,275 ultra-wealthy individuals in the UAE, representing 20 per cent of the total rich club in the Middle East.
According to the latest data revealed by Wealth-X, each of these 1,000-plus residents has a kitty of more than $30 million (Dh110 million) and above in net assets.
The study reveals how these multi-millionaires created their fortunes – 57 per cent of the UAE’s ultra-rich population amassed their fortune through entrepreneurship.
Only 8 per cent fully... Read More
11th Natalie Tours Congress in Dubai
04 Oct 2015
The UAE’s commercial and touristic capital, Dubai, stands rock solid behind the Russian outbound tourism market and anticipates a ‘faster’ recovery from the ‘difficult and challenging’ economic times triggered by the Rouble devaluation, according to officials who spoke at the 11th Natalie Tours Congress in Dubai on Monday (September 28).
Marc Bennett, Senior Vice President for International Operations at Dubai Corporation for Tourism and Commerce Marketing told over 220... Read More
His Excellency Helal Saeed Al Marri opens 25th anniversary edition of GITEX Shopper
03 Oct 2015
GITEX Shopper 2015, the largest and most anticipated consumer electronics show in the Middle East, was officially opened today by His Excellency Helal Saeed Al Marri, Director General, Dubai Department of Tourism & Commerce Marketing (DTCM) and Director General, Dubai World Trade Centre Authority. Taking place at the Dubai World Trade Centre (DWTC) from today until Saturday, 10th October, the eight day shopping extravaganza features more than 35,000 cutting-edge gadgets at unmatched... Read More
Dubai’s ruler approves Expo 2020-related road expansion, new metro station designs
01 Oct 2015
The Route 2020 project is an extension of the Dubai Metro's Red Line connecting to the Expo 2020 sit 1 October 2015Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum has approved a series of Expo 2020-related projects to be undertaken by the Roads and Transport Authority, official news agency WAM reported on Wednesday.
During a visit to the RTA offices, he approved the ‘wing-shaped’ design of the metro stations for the upcoming Route 2020 project, the report said.
The Route... Read More
Dubai’s exports to Russia total AED8.24 billion in 2014
01 Oct 2015
Top trade goods include machinery, equipment, coffee, tea, spices, iron, steel, plastic products and chemicals
1 October 2015
Dubai’s exports to Russia amounted to AED8.24 billion in 2014, while re-exports reached AED884 million, according to a senior official.
The emirate’s exports to Russia increased by 52 per cent between 2012 and 2014, says Mohammed Ali Al Kamali, deputy chief executive officer of the Dubai Export Development Corporation (DEDC).
Between 2010... Read More
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