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Business and Economy

Dubai Airshow Reaffirms Positive Outlook For Region’s Aviation Industry

09 Dec 2015

Successful week of business, networking and educational opportunities wraps up

The 2015 edition of the Dubai Airshow concluded today, wrapping up an action-packed week that saw over 1,103 exhibitors representing 61 countries meet, network and do business.

Visitor numbers for this year’s industry showcase broke all previous records, for the 14th consecutive edition, topping 66,346 sector professionals, representing an increase of 9%.

Commenting on this year’s event,... 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

Emirates celebrates 30-year milestone

11 Nov 2015

Emirates today is the envy of the world because of the determination of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and the passion and hard work of thousands of dedicated men and women working for the airline, said Shaikh Ahmed bin Saeed Al Maktoum, President of the Dubai Department of Civil Aviation and Chairman and Chief Executive of Emirates Airline and Group.

From its small beginning in 1985, Emirates has... 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

Sultan bin Sulayem meets Putin in Vladivostok forum

14 Sep 2015

Russian President Vladimir Putin has met Sultan Ahmed bin Sulayem, Chairman of DP World and Chairman of Ports, Customs and Free Zone Corporation, at the opening of the Eastern Economic Forum (EEF) held in the port city of Vladivostok, Far East of Russia.

Speaking at the EEF, which was held to encourage international investments into Russia’s remote but resource-rich eastern region, Mr. Putin said the Russian government would create the “best conditions for domestic and foreign... Read More

UAE's non-oil trade goes up by 6%

02 Sep 2015

The UAE's non-oil trade rose six per cent in first quarter of 2015 to Dh270.1 billion as gold, diamonds and jewellery dominated in imports, exports and re-exports from the emirate, according to latest data issued on Monday.

Federal Customs Authority (FCA) said the UAE non-oil trade data showed that year-on-year imports rose 2.4 per cent during January-March quarter to Dh170.8 billion. It further recorded 35 per cent growth in exports, which hit Dh40.6 billion in 2015 first quarter... Read More

DIFC Courts to advise Kazakhstan on establishment of commercial court system

01 Sep 2015

Agreement covers areas as diverse as consultancy on legislative and regulatory framework, staff training and a fit-out of premises and IT systems

1 Sept, 2015

Dubai: The DIFC Court said it has been chosen by Kazakhstan’s central bank to advise on the establishment of a world class commercial court system that includes an arbitration centre at the planned Astana International Financial Centre (AIFC).

The agreement covers areas as diverse as consultancy on the legislative... Read More

Effective parliamentary control - important factor for the development

31 May 2015

Tashkent hosted an international conference "Topical issues of improvement of organizational and legal mechanisms of parliamentary control: experience of Uzbekistan and foreign countries".

The event was organized by the chambers of the Oliy Majlis, the Institute for Monitoring of Current Legislation under the President of the Republic of Uzbekistan, the Institute for Strategic and Regional Studies, the Academy of Public Administration under the President of the Republic of Uzbekistan... Read More

Kazakhstan’s ‘New Silk Way’

08 Apr 2015

Global marine terminal operator DP World and Kazakhstan Temir Zholy (KTZ), Kazakhstan’s national railway company, have signed an agreement that will see DP World provide management advisory services for the development of the Khorgos Special Economic Zone (SEZ) and Inland Container Depot (ICD).

DP World will also provide similar services under a separate contract at the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea.

The signing was held in Astana... Read More

Uzbekistan Government presents economic strategy for 2015

12 Feb 2015

The Cabinet of Ministers of the Republic of Uzbekistan convened for an extended meeting on January 16 to discuss the outcomes of socio-economic development in the country in 2014 and the crucial priorities of economic program for the year 2015.

President of the Republic of Uzbekistan Islam Karimov delivered a keynote speech at the session. He noted in particular that despite the negative impact of the ongoing global financial and economic crisis, slowdown in the growth rates of world... Read More