Business

Mohammed bin Rashid approves Dubai’s budget for 2015

04 Jan 2015

 

No-deficit budget for 2015 will have an operating surplus of Dh3.6b

Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has approved the largest budget for Dubai since the global financial crisis at Dh41 billion, up 9 per cent from 2014.

According to a release from Dubai Government Media Office, the no-deficit budget for 2015 will have an operating surplus of Dh3.6 billion, provides for 2,530 jobs... Read More

The UAE named world’s largest donor

04 Jan 2015

UAE development assistance amounts to 5.4b in 2013, 1.34 per cent of Gross National Income

Abu Dhabi: The UAE has been named the world’s largest donor of official development assistance in 2013, offering $5.4 billion (Dh19.84 billion), representing 1.34 per cent of its Gross National Income, according to the Organisation for Economic Cooperation and Development (OECD).

To date, France is the only country to match this percentage through its globally administered aid in 1961.... Read More

4 Jan 2015 marks 5th anniversary of the Burj Khalifa’s official opening

04 Jan 2015

Not only is Burj Khalifa the world’s tallest building, it has also broken two other impressive records: tallest structure, previously held by the KVLY-TV mast in Blanchard, North Dakota, and tallest free-standing structure, previously held by Toronto’s CN Tower. The Chicago-based Council on Tall Buildings and Urban Habitat (CTBUH) has established 3 criteria to determine what makes a tall building tall. Burj Khalifa wins by far in all three categories.

Height to architectural top... Read More

Dubai’s Non-Oil Foreign Trade Nears Dhs1 Trillion Mark

31 Dec 2014

China was Dubai’s top non-oil foreign trade partner, followed by India and the US, figures revealed.

Dubai’s non-oil foreign trade amounted to Dhs988 billion during the first nine months of 2014, figures released by Dubai Customs showed.

Out of the overall trade, imports had the biggest share with a value of Dhs621 billion while exports and re-exports to the emirate reached Dhs86 billion and Dhs280 billion respectively.

China was Dubai’s top foreign trade partner during... Read More

Abu Dhabi Airport capacity to handle aircraft increased

31 Dec 2014

Runway renovation is part of wider expansion programme

Abu Dhabi: With the re-opening of the southern runway, the Abu Dhabi International Airport can now handle 500,000 aircraft movements annually, making it one of the largest runway operations in the world.

The re-opening of the renovated southern runway is part of Abu Dhabi International Port’s expansion plans in preparation for the Midfield Terminal Complex (MTC) becoming operational in 2017.

This milestone was marked... Read More

Abu Dhabi ports go digital

31 Dec 2014

Maqta Gateway to reduce paper work and processing time for customers

Import and export cargos can be tracked, cleared and booked online by customers as Abu Dhabi Ports Company prepares to launch new services.

“We will capture data and analyse it to utilise our assets better,” says Captain Mohammed Juma Al Shamisi, chief executive officer of Abu Dhabi Ports Company, in an interview with Khaleej Times.

“It’s a single window and platform linking freight forwarders, banks... Read More

Ground handing industry to benefit hugely from Middle East aviation boom

31 Dec 2014

Airlines outsource over 50 per cent of ground handling

GH market estimated to be worth over $347 billion

Ground handlers facing challenges to operate efficiently

Rising air traffic requires GHS expansions

New products to be unveiled at Airport Show-2015

‘Meet the Buyer’ programme at Airport Show-2015

Dubai, December 28, 2014: The multi-billion dollar expansion of airports and airline fleets in the Middle East has set off immense growth prospects for... Read More

First UAE nuclear plant to start in 2017

28 Dec 2014

The first of four nuclear reactors being built by the UAE will come on line in 2017

The first of four nuclear reactors being built by the UAE will come on line in 2017 and the rest will be fully operational by 2020, an official said Monday.

“When they are fully operational in 2020, they will generate 25 per cent of UAE power needs,” the CEO of the Emirates Nuclear Energy Corp, or ENEC, Mohammed Al Hammadi, told an energy conference in Abu Dhabi.

Hammadi said that 61 per... Read More

Spectacular musical bonanza in store for residents and visitors in Dubai Shopping Festival’s “Journey of Celebrations”

28 Dec 2014

British, Arabic, Indian and Filipino artists, musicians and singers to enthrall crowds at live concerts during DSF’s “Journey of Celebrations”

Welcoming visitors and residents to its “Journey of Celebrations” from 1 January to 1 February 2015, the 20th edition of the Dubai Shopping Festival (DSF) is promising to be a fantastic treat for music lovers from around the world. It has lined up a spectacular array of musical concerts featuring international and regional singers, musicians... Read More

Abu Dhabi among top 10 tourist destinations for 2015

28 Dec 2014

The site tells its users that Abu Dhabi city and its skyline are about to get a lot more inspiring as the emirate bids to become the cultural capital of the Middle East.

Abu Dhabi: The major international news website CNN.com has named Abu Dhabi among its Top 10 destinations for 2015. The emirate is ranked alongside other desirable locations including Milan, the Bahamian Coast and Downtown Los Angeles.

The site tells its users that Abu Dhabi city and its skyline are about to... Read More

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