UAE News

Dubai Project ‘Living Legends’ On Track For 2015 Opening

22 Feb 2015

The much-delayed residential project located in Dubailand is set to deliver first 150 villas in Q2 2015.

17 hours ago

Living Legends, a much-delayed luxury residential project in Dubai, will begin delivering its first units this year, its developer, Tanmiyat Global, confirmed.

The first 150 villas will be handed over in the second half of 2015, with the overall project also “on track” for completion in 2016, a statement said.

The development, located in Dubailand... Read More

Top stars for Abu Dhabi Triathlon

22 Feb 2015

Abu Dhabi: All of the world’s top ten male triathletes and eight of the top ten females in the sport have entered the inaugural ITU World Triathlon Abu Dhabi to be held on March 7.

The all new event is set to be the highest calibre triathlon staged anywhere in the Middle East and will take place on the shores of the UAE capital. Over 2,000 people of all ages and abilities are expected to race alongside the world’s greatest athletes on one of the sport’s most spectacular course layouts... Read More

Dubai’s Ruler Launches New Projects Featuring Snow Fountain, Vertical Gardens

22 Feb 2015

The new projects will be developed by the Wasl Asset Management Group across Dubai.

UAE VP and PM and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has launched a series of new projects in Dubai, which will feature elements such as a snow fountain and vertical gardens.

Sheikh Mohammed inaugurated Creek Heights Residences, a two-tower development featuring a Hyatt Regency Hotel and luxury furnished apartments, developed by Wasl Asset Management Group on Wednesday,... Read More

Abu Dhabi visitor numbers expected to keep growing

19 Feb 2015

Abu Dhabi expects to grow visitor numbers this year even as a stronger dollar, falling oil prices and a rising supply of available hotel rooms have an impact on the tourism sector.

Last year a record 3.49 million tourists visited the emirate, according to the Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi).

Arrivals increased by 25 per cent, exceeding last year’s target by nearly 400,000. This year’s target had been set at 3.5 million.

“Indications are that 2015... Read More

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