Patek Philippe introduces a brand new collection named Cubitus
AHS Properties marks a milestone with an AED 130mln sale of its “Searenity” Villa on Palm Jumeirah
The Milestone 10th edition of Dubai Design Week is now open
"The 1001 Seasons of Elie Saab" event dazzles Riyadh Season with Glamour
DAMAC Properties unveils DAMAC Islands, inspired by most desirable global island destinations
Business
Dubai Crude Oil Price for December delivery is US$0.25 p.b. less than average daily settlement price
20 Sep 2015
The Department of Oil Affairs in the Government of Dubai has announced that it had notified its customers that the official price of Dubai crude oil which will be delivered next December, will be US$0.25 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange contracts traded over the next month.
Abdullah Abdul Karim, Director-General of the Department, told Emirates News Agency, WAM, that the department sets the price of... Read More
Foreign Investors Purchased Dh 941.6 mn worth of shares on Dubai Financial Market
20 Sep 2015
Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, from 13th to 17th September, 2015, reached AED 941.6 million, while value of stocks they sold stood at AED 841.8 Million, with net foreign investment on the market reaching AED 99.8 million during the period, as aggregate buy.
Value of shares bought by foreigner investors comprised 60.9 per cent of the total value of stocks traded during the last five days, while value of... Read More
Etihad Airways and partner airlines’ fundraising transaction increased to US $ 700 million
20 Sep 2015
Etihad Airways and its equity partner airlines have increased the funds raised from their unique platform financing transaction to US$ 700 million following a surge in demand from international financial institutions.
Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Aliltalia and Jet Airways announced on Tuesday they had successfully raised US$ 500 million through the transaction, which followed roadshows in Abu Dhabi, Dubai and London.
After... Read More
UAE’s ENEC says first unit of nuclear plant 75% complete
20 Sep 2015
20 September 2015
The second unit at the Barakah plant is also 53 per cent complete following the installation of steam generators
The Emirates Nuclear Energy Corporation has announced that its first unit at the Barakah nuclear energy plant is now 75 per cent complete with the project on track to begin operations in 2017.
The second unit is also 53 per cent complete, following the installation of its two steam generators, a statement said.
The two huge stainless... Read More
Nation mourns demise of Shaikh Rashid
20 Sep 2015
20 September 2015
The UAE woke up on Saturday morning to the sad news of the demise of Shaikh Rashid bin Mohammed bin Rashid Al Maktoum.
Shaikh Rashid, the eldest son of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, died of a heart attack. He was just 34.
The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, ordered three-day official mourning following the death of Shaikh Rashid. Flags will... Read More
Sheikh Rashid bin Mohammed bin Rashid Al Maktoum dies of heart attack
19 Sep 2015
Wam, September 19, 2015
Sheikh Rashid bin Mohammed bin Rashid Al Maktoum, son of Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, died on Saturday morning of a heart attack.
The Court of the Ruler of Dubai declared three days of mourning in Dubai from Saturday, and flags will be at half-mast at government departments and institutions.
President Sheikh Khalifa expressed his heartfelt condolences and solace to Sheikh Mohammed,... Read More
UAE to help small businesses in Chechnya
17 Sep 2015
The authorities of the United Arab Emirates are planning to help the development of small business in Chechnya. The head of Chechnya, Ramzan Kadyrov, and the Crown Prince of Abu Dhabi, Deputy Supreme Commander of UAE Mohammed Al Nahyan, discussed this question yesterday during a visit to the pavilions of the International Aviation and Space Salon MAKS-2015.
"The Sheikh confirmed his intention to continue to work on strengthening and expanding friendly ties between the Emirates and the... Read More
Iconic New York City eatery, Serendipity 3, to open in Dubai
17 Sep 2015
Al Tayer Group is set to launch the first two Serendipity 3 outlets in Dubai in December 2015, at Dubai Festival City and The City Walk, under an exclusive license covering the GCC. These will be the first operations outside of the U.S., of the famed establishment.
Serendipity 3 has been one of New York City's most beloved eateries for more than 60 years. Founded by Calvin Holt, Patch Caradine and Stephen Bruce, the name is defined as "...the art of making happy discoveries, or... Read More
Expo 2020 Dubai Higher Committee approves progress towards event delivery
17 Sep 2015
Al Hashemi’s update included a discussion on the latest enhancements to the Expo site master-plan
17 September, 2015
WAM
Dubai: The Higher Preparatory Committee of Expo 2020 Dubai met on Tuesday under the chairmanship of Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Higher Preparatory Committee, President of Dubai Civil Aviation and Chairman and CEO of Emirates airline and Group, ahead of a series of key events this autumn, to discuss updates on the progress on the... Read More
Sharjah tourism concludes successful promotional tour of key markets in the Commonwealth of Independent States
17 Sep 2015
Road shows cover Kazakhstan, Uzbekistan and AzerbaijanSharjah, September 16, 2015: In line with its ongoing efforts to promote the emirate of Sharjah as a leading family and cultural tourism destination, Sharjah Commerce and Tourism Development Authority (SCTDA) successfully concluded a promotional tour of the Commonwealth of Independent States, organised by the National Council for Tourism and Antiquities from September 7 to 11, 2015.
The tour featured road shows in Kazakhstan,... Read More
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