UAE News

Sheikh Mohammed on official two-day visit to Azerbaijan

02 Apr 2015

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, started an official two-day visit to Azerbaijan on Wednesday.

Sheikh Mohammed laid a wreath at the tomb of Azerbaijan’s founder, Heydar Aliyev, in Baku and then visited the Eternal Flame memorial at Martyrs Lane, laying a wreath while a band played the national anthems of the UAE and Azerbaijan, the state news agency Wam reported.

Baku’s mayor, Mir Hajibala Abutalibov, briefed Sheikh Mohammed and members of his... Read More

Dubai wins 2015 Travellers’ Choice Destination award

02 Apr 2015

Emirate included in travel website’s list of top 25 destinations worldwide

Winners chosen based on quantity and quality of reviews and ratings for hotels, restaurants and attractions

Dubai, UAE; 31 March 2015: Dubai has been included on the Travellers’ Choice Destinations 2015 list released by TripAdvisor, and was the only UAE destination to make it into the top 25, taking 24th spot. The Travellers’ Choice Destination award reflects the ongoing enhancement of Dubai’s... Read More

New Supercar Making Facility in Dubai To Start Production In 2016

02 Apr 2015

W Motors, makers of the Lykan supercar, confirmed that work on the facility was progressing well.

The Middle East’s first supercar manufacturing facility will begin production by January 2016, the company’s CEO has confirmed.

Speaking on the sidelines of Step conference in Dubai, Ralph Debbas, CEO of Lebanon-based W Motors – which has created the $3.4 million Lykan HyperSport car – confirmed that work on the facility was progressing well.

“By beginning next year, we’ll... Read More

UAE retains Top 10 ranking in Swiss watch industry’s 2014 exports

02 Apr 2015

2014 figures show rise of 8.9% for UAE over 2013 and 19% over 2012 in Swiss watch imports 

Dubai, UAE; March 31, 2015: In 2014, the UAE continued to uphold its top ten ranking in the import of Swiss watches, showing a substantial growth of 8.9% over the previous twelve months. The Federation of the Swiss Watch Industry’s cumulative 2014 reports reveals that the UAE still dominates the region’s timepiece imports at a value of 1,017.6 million Swiss Francs (add dirham amount here).

... Read More

Five-day jewellery show opens in Sharjah

02 Apr 2015

Set to facilitate safe-haven & value buying in a big way

The 38th MidEast Watch & Jewellery Show got under way on Tuesday (March 31) at Expo Centre Sharjah amid projections by experts that this is the best time to buy gold.

Gold prices are on a rally on the back of increasing geopolitical tensions, a weak dollar and prospects of a US rate hike becoming less imminent, providing a great opportunity for safe-haven and value-buying.

Besides, gold is also at its peak... Read More

Emirates and Etihad to have two in the cockpit at all times

31 Mar 2015

Emirates Airline and Etihad Airways said on Sunday that they will have two people in their passenger jets’ cockpits at all times, following last week’s Germanwings tragedy.

The UAE’s regulator is also taking action. The head of the General Civil Aviation Authority (GCAA) says it is in discussions with the European Aviation Safety Agency over the mental health of pilots and airlines’ cockpit policies.

Reports following last week’s plane crash indicate that Andreas Lubitz, the co... Read More

Ajman Free Zone woos investors in Russia

31 Mar 2015

Presentation outlined advantages of setting-up business in the UAE, particularly in the Ajman Free Zone

Moscow: Ajman Free Zone Authority gave a presentation on the advantages of setting up a company in this emirate of the UAE to the Russian business community and potential investors in Moscow.

The presentation outlined the advantages of setting-up a business in the UAE, particularly in the Ajman Free Zone and was followed by a very active discussion and questions from... Read More

Dubai sees Dh28.6 billion in FDI in 2014

31 Mar 2015

Projects aimed at the regional market captured 84% of the investments in 2014

Dubai: Infrastructure development initiatives and the services industries remained the major drivers of capital into Dubai in 2014 as the emirate witnessed Dh28.6 billion ($7.8 billion) in foreign direct investment (FDI).
The latest estimates by Dubai Investment Development Agency (Dubai FDI), an agency of the emirate’s Department of Economic Development (DED), show that the USA, the UK, India and other... Read More

Tatarstan President Rustam Minnikhanov holds a number of business talks and meetings at the Annual Investment Meeting in Dubai

31 Mar 2015

Acting Tatarstan President Rustam Minnikhanov accompanied by Chief executive of Tatarstan Investment Development Agency Taliya Minullina, Chairman of Tatarstan State Committee for Tourism Sergey Ivanov, and Deputy Minister of Industry and Trade Rustam Kabirov arrived in UAE to take part in Annual Investment Meeting, AIM-2015. Rustam Minnikhanov will also hold a number of meetings and negotiations with heads of UAE, Qatar and Morocco ministries and agencies. The Annual Investment Meeting is... Read More

UAE Wins Hosting Rights For FIFA Club World Cup In 2017, 2018

30 Mar 2015


UAE Wins Hosting Rights For FIFA Club World Cup In 2017, 2018

The tournament is held in mid-December every year and was earlier hosted by the UAE in 2009 and 2010.

The UAE has been awarded the hosting rights for the FIFA World Club Cup in 2017 and 2018, official news agency WAM reported.

The decision to award the tournament to the UAE was taken at international football governing body FIFA’s executive committee meeting in Zurich on Friday.

The UAE has... Read More