According to Christie's International Real Estate, Dubai's luxury property buyers come primarily from the UK, Germany, Russia and CIS (Commonwealth of Independent States), and the Gulf region. There are more high-net-worth individuals (HNWIs) snapping up prime property in Dubai than in traditional hotspots in the United States or United Kingdom.
Christie's surveyed more than 80 markets worldwide to find out where the ultra-rich individuals buy posh residences. Among the world's top... Read More
The acting governor of Yamal-Nenets Autonomous Okrug Dmitriy Kobylkin was on business trip in the United Arab Emirates within the Russian delegation.
Discussion of opportunities of participation of investors from the United Arab Emirates in fulfillment of large infrastructural projects in Yamal became its theme, as the press-service of the governor of Yamal informs.
The Russia side was represented by the minister for transport of the Russian Federation Maksim Sokolov, the... Read More
Top 337 departments report an achievement rate of 96% in transition to m-government
May 23, 2015
WAM
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has examined a report on the results of the transition to m-Government, at a meeting with government officials.
Shaikh Mohammed said that an accomplishment rate of 96.3 per cent was reported by the government's top 337 departments providing... Read More
UAE aims to increase its investments in agriculture
May 23, 2015
WAM
Abu Dhabi: The high-profile UAE Delegation, led by Sultan bin Saeed Al Mansouri, Minister of Economy, concluded its visit to Georgia. The three-day tour is expected to usher a new era of economic and trade relation between the two countries. The UAE government and business delegation discussed cooperation and investment opportunities in a number of sectors including food, agriculture and tourism.
... Read MoreThe UAE Space Agency will launch its official strategy and operation plan in Abu Dhabi on Monday
Abu Dhabi: Come Monday, the UAE will be one step closer to Mars.
The UAE Space Agency will launch its official strategy and operation plan in Abu Dhabi under the patronage of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
Shaikh Mohammad announced last year that the UAE will be sending an unmanned... Read More
Rental scheme could ease mobility for commuters
May 23, 2015
Dubai: The Roads and Transport Authority (RTA) is examining a Smart Rental initiative where cars will be on short-term rental offer to ease the mobility of public transport riders, especially the Dubai Metro, to their final destinations.
It’s believed the initiative will increase the ridership of public transport, reduce car ownership, and minimise carbon emissions.
Mattar Al Tayer, Director-General and... Read More
21 May 2015
The fully integrated high-speed systems will have a throughput capacity of more than 4,800 items of baggage per hour.
Abu Dhabi: Abu Dhabi Airports announced the successful completion of the installation and renovation of Baggage Handling Systems at Terminal 1 and Terminal 3. The work was carried out by Abu Dhabi Airports’ subcontractor Siemens Logistics and Airport Solutions.
The state-of-the-art baggage handling systems use highly innovative technology... Read More
Novo cinemas, Geant store, 250-room hotel, 550 new shops on the way
DUBAI Dragon Mart, Dubai’s own China Town on the Hatta-Oman road, is all set for a massive 6.5 million square foot expansion comprising 1,100 more shops, Novo Cinemas, three hotels and 1,120 apartments.
Aimed at transforming the place into a massive leisure, retail and entertainment hub renamed Dragon City, the extension will be spread over two phases, the first of which will open later this year.
The... Read More
Russian-speaking population of the UAE today has more than 400,000 people, said the Minister of Internal Affairs of the emirate of Ras al-Khaim, Sheikh Talib Bin Saqr Al Qasimi during his visit to St. Petersburg, and for the country's leadership it`s important to provide them with the opportunity to receive education in their native language with the traditions of Arabic culture. At the same time, the distinguished guest said that he trusts the elaboration of educational programs to the... Read More
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