UAE News
Property developers gear up for 10th Cityscape Abu Dhabi
10 Apr 2016
Marking its tenth anniversary this year, Cityscape Abu Dhabi runs from April 12-14 at Abu Dhabi National Exhibition Centre (Adnec). Various exhibitors are set to attend from countries that include the UAE, Saudi Arabia, Turkey, Morocco, Cyprus, Mauritius, the UK, the US, and Bosnia and Herzegovina.
Bloom Holding to launch phase 4 of Bloom Gardens
Real estate developers in the emirate are gearing up for the upcoming Cityscape Abu Dhabi, with announcements on the launch of their... Read More
Dubai’s retail market grows to $35.4b in 2015
07 Apr 2016
Retail industry to grow at 7.7% in 2016, 8.1% thereafter till 2020
Dubai’s retail market in 2015 is estimated to have reached $35.4 billion (Dh129.9 billion), witnessing annual growth rates of 3.5 per cent to 7.5 per cent since 2010, according to analysis by the Dubai Chamber of Commerce and Industry.
Based on data from Euromonitor International, the analysis showed that the retail industry is expected to expand by 7.7 per cent in 2016. Annual growth rates are then set to reach... Read More
Dubai reveals new system for visit and residency visas
07 Apr 2016
Residents in Dubai will now be able to submit visa application forms at authorised typing service centres, under a new system launched by the General Directorate of Residency and Foreigners Affairs in Dubai.
The GDRFA has introduced a new ‘UAE vision’ system, which will enable the public to apply for all kinds of visas and also conduct residency-related transactions including visa renewal and cancellation at typing centres.
GRFA assistant of the director-general for... Read More
Tourism sector constitutes one of the important tributaries of national income says Economy Minister
06 Apr 2016
Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the tourism sector is an important part of the national economy and a core pillar of economic diversification policy of the state.
In an interview with the Emirates News Agency, WAM, the Economy Minister said that the inclusion of the National Council for Tourism in the Ministry of Economy, as part of the major federal government structural changes, came in the context of the vision of the wise leadership of President... Read More
No impact of low oil prices on UAE economy, UAE Oil Minister tells UAE-Russia Taskforce
06 Apr 2016
The current slump in the world oil prices poses a real challenge to oil exporting countries but did not have any impact on the UAE's economy, thanks to the economic diversification policy adopted by the country, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, affirmed yesterday.
'Low oil prices should create investment opportunities in non-oil sectors for the purpose of diversifying the economy,' the minister said as he chaired the delegation to the second UAE-Russia... Read More
New Dubai projects, Vertical Industrial City, Dubai Stairs and Safari Golf unveiled!
06 Apr 2016
The Dubai Municipality has unveiled several new projects as part of plans to make the emirate a “green and fully sustainable city by 2021”.
Some of the new projects include a massive convention centre with a 10,000-seat capacity, a 100-hectare Safari Golf project and a Vertical Industrial City, official news agency WAM reported.
The projects were revealed during a visit by the UAE’s Vice President and Prime Minister and Dubai’s ruler His Highness Sheikh Mohammed bin Rashid Al... Read More
Dubai was the world’s 3rd busiest airport for passenger traffic in 2015
06 Apr 2016
Dubai emerged as the world’s third busiest airport for passenger traffic in 2015, up three spots since 2014, according to the latest rankings released by the Airport Council International.
Dubai International also maintained its ranking as the world’s busiest for international passenger traffic last year.
The airport posted traffic growth of 10.7 per cent, welcoming over 78 million passengers in 2015.
“Dubai has become the fulcrum that connects long-haul international... Read More
Sharjah approves new Dh35 airport fee
05 Apr 2016
New fee will apply to transiting and departing passengers at Sharjah International Airport
The Sharjah Executive Council has approved a Dh35 departure fee for passengers at Sharjah International Airport, state news agency WAM reported on Tuesday.
The decision was approved by the Sharjah Executive Council in a meeting on Tuesday chaired by Shaikh Abdulla Bin Salem Al Qasimi, Deputy Ruler of Sharjah and Deputy Chairman of the council, according to WAM.
The Dh35 fee will... Read More
Dubai was a magnet for millionaires in 2015
04 Apr 2016
City among top five in the world to attract ultra wealthy
Emirate sees a net inflow of 2,000 super rich in 2015. Around 460,000 HNWIs with a combined wealth amounting to $2.2 trillion are living in the Middle East.
Dubai, one of the world's top sought-after havens of super rich people, saw a net inflow of 2,000 millionaires in 2015, a new report on global millionaire migration reveals.
The city, home to 42,000 high networth individuals (HNWIs), saw strong millionaire... Read More
Former UK Olympics head Simon Clegg appointed COO of Expo 2020
03 Apr 2016
Preparations have begun for the six-month mega Expo in Dubai
Dubai Expo 2020 has appointed the former chief executive officer of the British Olympic Association Simon Clegg as its new chief operating officer.
Clegg also served as the COO of the inaugural European Games in Baku last year and was a former CEO of the Ipswich Town Football Club.
Expo 2020, themed ‘Connecting Minds, Creating the Future’ is expected to feature 200 participants and will be 10 per cent larger in... Read More
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