UAE News
Adnoc on track to hit 3.5mbpd target by 2017
21 May 2015
Abu Dhabi-based oil firm to raise investments to Dh120b next year
May 19, 2015
Abu Dhabi: The Abu Dhabi National Oil Company (Adnoc) is on track to hit the emirate’s target of raising oil production to 3.5 million barrels per day (bpd) in 2017, with plans to expand refining capacity to 920,000 bpd.
The company is also backing its growth with increased investments next year of Dh120 billion — up from this year’s Dh91 billion, according to Saif Al Gafli, chief executive... Read More
Jumeirah Group celebrates a successful start to 2015
20 May 2015
Jumeirah Group, the Dubai-based luxury hotel company and a member of Dubai Holding, grew revenues by over 5.2% in 2014, while maintaining a strong EBITDA performance. Across the Jumeirah portfolio of hotels, resorts and residences in Dubai, the company secured an occupancy rate of 80.1% and an average revenue per available room (RevPAR) of AED 1,708.
Over the first four months of 2015, occupancy levels reached 84.6%, the Average Daily Rate was AED 2,385 and the RevPAR came in at AED 2... Read More
Etisalat completes Voice over WiFi trial
20 May 2015
Customers can experience a seamless call handover between 4G and WiFi as well as faster call set-up times and better voice quality
May 19, 2015
Dubai: Etisalat completed its first successful Voice over WiFi (VoWiFi) solution to extend mobile service coverage in the UAE in partnership with Huawei. VoWiFi will enable etisalat’s customers to make and receive calls using their home WiFi or in public WiFi areas. Advanced technologies deployed to enable VoWiFi will ensure that... Read More
UAE’s mobile networks best in the region
20 May 2015
TRA survey shows the two operators in the country are neck to neck in almost all of the parameters
May 17, 2015
Dubai: The Telecommunications Regulatory Authority of the UAE survey on the performance of mobile networks and services provided by etisalat and du showed that both the operators are “neck and neck” in all the parameters.
The “UAE Cellular Mobile Networks Benchmarking 2014” survey is conducted annually to assess and track the current status of mobile networks... Read More
UAE passenger numbers up 17.3% in first four months
20 May 2015
Country’s airports handled 37.84m people from January to April
May 19, 2015
Dubai: The UAE’s main airports handled 17.3 per cent more passengers in the first four months of the year compared to a year earlier as local airlines add more capacity to their networks.
A total of 37.84 million passengers arrived, transferred and departed at airports in the country from January to April compared to 32.24 million a year ago, according to data from federal regulator, the General... Read More
24 winners of Mohammad Bin Rashid Award for Young Business Leaders honoured
20 May 2015
Shaikh Ahmad honours a number of bodies and individuals who supported Small and Medium Enterprises
May 18, 2015
Dubai: Twenty-four winners in the Mohammad Bin Rashid Award for Young Business Leaders were honoured by Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates Airline and Group.
During the ceremony held at Dubai World Trade Centre yesterday on Monday, Shaikh Ahmad honoured a number of bodies and... Read More
Dh700 million MAG 5 Boulevard launched
19 May 2015
19 May 2015
The project is planned to break ground in fourth quarter 2015 and is destined to become a 24-hour living, walkable community spread over 800,000 sqft of land.
Dubai: MAG 5 Property Development on Monday launched a new integrated and affordable residential community, ‘MAG 5 Boulevard’ at Dubai World Central (DWC).
With an estimated construction value of Dh700 million, MAG 5 Boulevard will be strategically located within DWC’s Residential Area and will... Read More
Exciting times ahead for retail market
19 May 2015
19 May 2015
Dubai retains 2nd position for international retailer representation for 4th consecutive year.
Dubai: The UAE’s retail market is vibrant and has promising outlook as major retail groups are expanding their footprints across the emirate, according to a top official of Dubai Chamber of Commerce and Industry.
President and chief executive of the chamber Hamad Buamim said the retail sector is contributing around one third to the country’s gross domestic product... Read More
Danube launches Dh400 million Glitz 3
19 May 2015
Danube has launched realty projects Dreamz by Danube, Glitz 1, 2 and 3 -- worth Dh1.2 billion within a year.
Dubai: Danube Properties on Monday launched its fourth project ‘Glitz 3’ and its chairman claimed that the apartments, priced at Dh475,000, are for the middle-income resident.
The launch of all Danube Properties’ projects so far have been in keeping with the government’s ideology of introducing more affordable housing in the residential development market, Danube Group... Read More
Ferrari World Abu Dhabi named Middle East’s leading tourist attraction
19 May 2015
The park is currently undergoing expansion plans
May 18, 2015
WAM
ABU DHABI: Abu Dhabi’s multiple award-winning tourist destination, Ferrari World Abu Dhabi, has been named the Middle East’s Leading Tourist Attraction at the World Travel Awards Gala event at the Four Seasons Resort Dubai.
Commenting on the win, Jesse Vargas, General Manager at Ferrari World Abu Dhabi, said, “We are delighted to receive this prestigious award and would like to thank World Travel... Read More
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