UAE News

Mena region must create 100m jobs by 2020

19 Feb 2015

World will need 50% more food and energy by 2030, thus underlining the need for the adoption of sustainable business models, Abu Dhabi conference hears

February 17, 2015

Abu Dhabi: The Middle East and North Africa (Mena) region has to create 100 million jobs by 2020 while the world has to produce 50 per cent more food and energy, as well as 30 per cent more fresh water to sustain a population that will top nine billion by 2050.

These future challenges warrant the... Read More

Emirates airline sees brand value grow to $6.6 billion

19 Feb 2015

The airline also retains its long standing position as the most valuable brand in the Middle East, and the most valuable airline brand.

Dubai — Emirates, a global connector of people, places and economies, has reached the top 200 of the world’s biggest brands for the first time, according to the 2015 Brand Finance Global 500 report released this week.

For the fourth consecutive year, Emirates has steadily climbed the table of the Top 500 most valuable brands in the world. Now... Read More

The move comes on the back of Abu Dhabi Tourism and Culture Authority’s (TCA Abu Dhabi) plans to court Chinese travellers

19 Feb 2015

Yesterday, China Tourism Academy (CTA), which comes within the Chinese tourism ministry’s purview, and the Shanghai-based consultancy and outbound tour operator Select Holding issued the preferred partner certificate – Welcome Chinese – to more than 30 attractions and hotels.

Among them were 25 hotels such as InterContinental Abu Dhabi and Royal Rose, five tourist attractions such as Ferrari World and Yas Waterworld, and two shopping malls – The Galleria and Souq Qaryat Al Beri.

... Read More

LUKOIL completes seismic survey at block 10 in Iraq

19 Feb 2015

LUKOIL has finished its 2D seismic survey at Block 10 in southern Iraq. The seismic survey began in April 2014 and covered 2,000 linear kilometers. It was completed according to the highest standards six months ahead of schedule. The acquired seismic data will be processed and interpreted to identify promising sites for exploration drilling.

The Mandatory Geologic Exploration Program at Block 10 has a 5-year time frame with a potential 2-year extension and includes drilling one... Read More

Drones to take centre stage at Idex 2015, Feb 22 to 26

17 Feb 2015

Drone makers are set to dominate next week’s global defence gathering in the capital as billions of dollars pour into designs for unmanned vehicles on land, air and sea.

The organisers of the International Defence Exhibition and Conference (Idex) have launched a dedicated exhibition for unmanned systems from around the world, in which 33 local and international companies will be participating.

“This will be the first year for the Unmanned Systems Exhibition [Umex]. In 2016 we... Read More

Air Arabia posts record full year profit of Dh566m

17 Feb 2015

UAE’s only listed carrier says hedging strategy dragged down fourth quarter performance

February 15, 2015

Dubai: Air Arabia, the UAE’s only listed airline, reported on Sunday a record full year profit for 2014 but blamed its hedging strategy for dragging down fourth quarter results.

Annual profit was up 30 per cent to Dh566 million for the full year ending December 31, compared to Dh435 million in 2013.

Annual turnover was Dh3.7 billion, up 17 per cent on the... Read More

Minister of Economy praises aviation sector

17 Feb 2015

Aviation passenger growth a reflection of UAE investment

Dubai: The increasing number of people travelling through UAE airports is a reflection of the country’s investment in aviation infrastructure, said Sultan Bin Saeed Al Mansoori, Minister of Economy and Chairman of the General Civil Aviation Authority (GCAA) in a statement on Sunday.

Al Mansoori said Dubai International’s recently claiming the title of the world’s busiest airport for international passenger traffic and the... Read More

MICE Arabia Congress scheduled for next week

17 Feb 2015

Garnering top-tier hospitality and travel suppliers from all over the world, the congress has over 50 MICE specialists confirmed.

Dubai: The MICE Arabia Congress is back with a brand new location and even bigger event planned for 2015. Hosted on February 22, and 23 in Dubai, UAE, the congress is set to welcome over 300 attendees from the business travel, luxury travel and MICE industry.

Garnering top-tier hospitality and travel suppliers from all over the world, the congress... Read More

Retail, hospitality projects to drive UAE F&B market growth

Retail, hospitality projects to drive UAE F&B market growth

15 Feb 2015

Tourism will play a critical role in driving growth of retail and hospitality projects that feature food and beverage outlets, consultant says

Dubai: The UAE’s food and beverage (F&B) market is expected to expand in the next four years on the back of new retail and hospitality projects. Mall of the Emirates is planning to add 12 food and beverage outlets this summer as part of the second phase of its Dh1 billion redevelopment project.

... Read More

Take a trip down memory lane at Qasr Al Hosn

15 Feb 2015

11-day festival, which started with a national parade, commemorates iconic fort of Abu Dhabi and UAE heritage

Abu Dhabi: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, yesterday led the national rally, marking the start of the Qasr Al Hosn Festival.

The annual festival will be... Read More