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Freezones vital for attracting FDI

12 May 2015

The World Free Zones Organisation (WFZO) has announced the official opening of its inaugural annual conference and exhibition, which focuses on the theme ‘Towards a New Global Trade Order’.

Dubai — The World Free Zones Organisation (WFZO) has announced the official opening of its inaugural annual conference and exhibition, which focuses on the theme ‘Towards a New Global Trade Order’.

Held under the patronage of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President... Read More

Jumeirah Golf Estates launches mid-market apartments, townhouses

12 May 2015

The host venue to the European Tour’s DP World Tour Championship, JGE features premium villas and mansions set around the Earth and Fire golf courses.

Dubai — Developers in Dubai are continuing to switch gears to affordable housing. The latest firm to jump on the affordability bandwagon is Jumeirah Golf Estates (JGE), which has launched AlAndalus, a collection of mid-market townhouses, apartments and a community centre.

The host venue to the European Tour’s DP World Tour... Read More

Dubai pioneer in implementing free zone model

12 May 2015

Free zones contribute to the opening of new investment prospects to diversify the sources of domestic income, increase job opportunities for future generations, and therefore contribute effectively to development of the economies.

Dubai — Shaikh Ahmed bin Saeed Al Maktoum, president of the Dubai Civil Aviation Authority (DCAA), chairman of Dubai Airports and chairman and chief executive of Emirates airline and Group, on Monday visited the first conference and exhibition of the World... Read More

Arab Media Forum 2015 kicks off in Dubai

12 May 2015

Dubai: The 14th edition of the Arab Media Forum (AMF), kicked off on May 12-13 at Madinat Jumeirah, Dubai, under the theme ‘New perspectives’.

The event is being held under the patronage of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.

Expected to attract local, Arab and international media elites, journalists, intellectuals and academia, this year’s event will include diversified discussion panels and... Read More

Fujairah Mall Presents Brand New Retail Opportunities In Growing Emirate

12 May 2015

Major retail groups signed up at mixed-use development Owned by HH Sheikh Mohammed Bin Khalifa Bin Zayed Al Nahyan

Fujairah’s ambitions to become one of the UAE’s major retail and tourism hubs are set to receive a huge boost when the emirate’s biggest shopping and leisure venue opens in September 2015.

Fujairah Mall, over 35,000-square-metres of retail space spread over two floors, is destined to transform the emirate’s retail sector, providing fresh opportunities for brands... Read More

Emirates Group makes Dh5.5 billion in 2014-2015 financial year

11 May 2015

Emirates Group post its second most profitable year in its 30-year history

Dubai: Emirates Group reported on Thursday its second highest profit ever of Dh5.5 billion ($1.5 billion) for its financial year that ended March 31, 2015, 34 per cent more than the Dh4.1 billion it reported a year ago. Revenue was a whopping Dh96.5 billion, 10 per cent more than the Dh87.5 billion from a year ago, Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief... Read More

Google Street view of Sharjah launched

11 May 2015

Street View Car will begin capturing panoramic images of streets, neighbourhoods and landmarks in Sharjah

Sharjah: Google Maps users will soon be able to virtually explore Sharjah, navigate its streets, and neighbourhoods through panoramic street-level images, as Google and the Sharjah Urban Planning Council announced on Saturday the launch of Street View in Sharjah, making it the second Arab city to have the feature in the region.

Street View was launched in May 2007 and is... Read More

Nakheel To Build New Beachfront Resort In Deira Islands

11 May 2015

Dubai developer Nakheel has announced a partnership with Spanish hotel operator RIU Hotels and Resorts to build a new beachfront resort in its Deira Islands project.

The partnership is expected to create a 750-room four star all-inclusive resort next to range of attractions such as Deira Mall and Deira Islands Night Souk, a statement said.

Nakheel did not disclose the value of the project.

The new project will mark RIU Hotels and Resorts entry to Dubai’s market. The... Read More

Chinese investors snap up retail space in Dragon City

11 May 2015

Chinese traders account for 65 per cent of 700 units reserved since the project went on lease three days ago, with UAE nationals making up the vast majority of the other 35 per cent.

Dubai — Chinese traders in Dubai are staking their claim on hundreds of new retail and restaurant units at Nakheel’s Dragon City development, where 1.3 million square feet of fresh shop space is being built, Nakheel announced on Tuesday.

Chinese traders account for 65 per cent of 700 units reserved... Read More