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During an event hosted at the Grand Hyatt in Dubai today, MSD announced the launch of a new fertility treatment; MSD Elonva, that is expected to bring new hope to thousands of couples across the country. (MSD Elonva Corifollitropin alfa) Already a global issue, infertility affects an estimated 48.5 million...
The quarterly business confidence survey conducted by the Dubai Department of Economic Development (DED) reveals that businesses in Dubai are confident of achieving continued growth in the second quarter of 2013. The survey highlights that confidence runs particularly high among small and medium enterprises (SME) and export firms. These businesses...
The Bank of London and the Middle East (BLME), Britain’s largest standalone Islamic bank, plans to set up an office in Dubai to expand on it’s offerings in capital markets and wealth management. The bank is experiencing 15 percent growth in assets this year, with the GCC move expected to...
An announcement by Dubai-based SKAI Holdings, a real estate investment firm, has revealed it’s plans to build a USD 1 billion hotel with more than 200 serviced apartments in Palm Jumeirah. The new project will be operated by the Viceroy Hotel and Resorts, marking its entry into Dubai after undertaking...
Dubai will be competing against four candidate cities bidding to host the Expo 2020 – Sao Paulo in Brazil, Izmir in Turkey, Yekaterinburg in Russia and Ayutthaya in Thailand. The winner will be announced in November 2013 following a vote by the 163 member nations of the Bureau International des...
“This City is what it is because our citizens are what they are.” ~Plato~ The Arab Spring of 2011 had a major impact on tourism in the Middle East, especially in countries like Egypt, Libya, Syria and Tunisia. But now, after the installation of a new government, Egypt’s historical Nile...
A new survey of oil and gas professionals has rated Dubai as the most desired location to work in the world. The survey of 8000 professionals in the oil and gas industry was conducted by Rigzone, which is a premier online resource for oil and gas information, data and talent...
Dubai’s ruler, His Highness Sheikh Mohammad bin Rashid Al Maktoum, has approved Vision 2020 for tourism, which sets aggressive targets for an increase in number of tourists and overall contribution to overall economy. The Vision has been developed by the Department of Tourism and Commerce Marketing (DTCM) under direction from...
Business Excellence will be celebrated this year in Dubai, with THE BIZZ Arabic 2013, in a gala ceremony. This event will take place at The Atlantis, The Palm Hotel September 29 of this year. The award will be given by the World Confederation of Businesses (WORLDCOB). World Confederation of Businesses...
An African government official says African countries view Dubai as a role model city in terms of developing sustainable policies and strategies. These remarks were made by Victoire Ndikumana Minister of Trade, Industry, Posts and Tourism for Burundi, on the eve of the Annual Investment Meeting (AIM 2013). The...
A new report reveals that the UAE real estate market has made widespread gains and is trending to positive territory this year. Bayut.com, one of the leading UAE real estate portals, points out that the real estate recovery is no longer limited to the posh areas of Dubai. During the...
Latest findings of a survey suggest that consumers in Dubai are more confident about the economy, thanks to improved job prospects and personal finance position. Positive consumer sentiment has grown by 16 percentage points between the last quarter of 2012 and the first quarter of 2013, from 74 percent to 90 percent....
A new report points out that almost fifteen percent of all Europe to Asia air traffic last year passed through one of the Gulf’s three major hubs. The report, published by aviation technology firm Amadeus, notes that traffic on long-haul routes via Dubai, Doha or Abu Dhabi surged by 10...
A new survey has rated Dubai and Doha as the best in Middle East and North Africa (MENA) region for secured business and investment prospects. Titled the ‘2013 People Risk Index’, the research was conducted by Aon Hewitt, the human resources arm of Aon plc. The survey measured risks that...
DNA Integrative Medicine & Wellness Center could turn out to be the UAE’s prime destination for Medical Tourism. Hailed as a landmark medical treatment centre, it will be launched May 14th, 2013 on Saadiyat Island. The centre will be based on the island at St. Regis Resort. The DNA Integrative...
Qantas and Emirates officially commenced their historic partnership after receiving approval from the Australian Competition and Consumer Commission. Two of the world’s iconic airlines are forming a global partnership. From April 2013, Emirates and Qantas will fly 14 times a day from Australia to Dubai, and beyond to four continents....
April 12, 2013 will mark the return of the Red Bull X-Fighters World Tour, to Dubai, for the third year in a row. Dubai joined the Red Bull X-Fighters calendar in 2011. The event was an instant hit with riders and the public as thousands of spectators witnessed the spectacular...
Dubai reported a 13% increase in non-oil foreign trade in 2012 valued at Dhs1.235 trillion compared with Dhs1.089 trillion in 2011, resulting from an increase in exports value by 47% to Dhs163bn and rise in imports by 12% to Dhs737bn. Re-export trade also registered a growth by 5% to Dhs334bn....
The Dubai World Trade Centre had a stellar performance in 2012 hosting mega shows and exhibitions -36,996 companies from over 130 countries participated in events at DWTC during the year -record visitor numbers were drawn from 186 countries -Dubai’s trade traffic estimated to grow at an average of 5-7% per...
Dubai-based retailer Paris Gallery has revealed that its business is roaring and record sales were achieved in 2012 because of a growing interest in designer perfumes. Compared to 2011, its revenue and net profit rose by 43 percent and 13 percent, respectively, in 2012. Company sources suggest that it now...
Three years after the Emirate’s property market collapse, Emaar Properties registered a profit. According to a detailed earnings statement released on Monday, Emaar generated a revenue of 2.5 billion dirhams ($680.64 million) from sales of condominiums last year, compared with 1.1 billion dirhams in 2011, which is more than double from...
Skydive Dubai not only offers adrenaline rush filled skydives over the spectacular city of Dubai, but is now, a proud recipient of two Guinness world records. It has been confirmed on Friday by the Guinness world records, that a group of divers set the world record for “the maximum number...
Dubai has always been a land of paradoxes, where the traditional & modern, natural & man made, the divine & the occult exist in perfect co-existence. Its’ quest to be every jetsetting traveler’s ubiquitous, unforgettable destination has resulted in the creation of some of the most spectacular landmarks. From the tallest building...
According to TRI Hospitality Consulting’s Hotstat’s survey, the hotel occupancy in Dubai and the adjoining state Abu Dhabi hit a staggering estimated 90%. The reason: Dubai Shopping Festival. The survey that analyses data across hotels, rated as 4-star or 5-star across the Mena region, presented that the average occupancy rates...
Murray Goulburn Co-operative Co Limited, Australia’s largest dairy firm, has announced the launch of its operations in Gulf with the establishment of a new office in Dubai. The company, which is a 100 percent dairy farmer-owned cooperative, is eyeing rapid expansion in the Middle East market by selling its vastly...
The government of Dubai has announced its plans to establish a central Sharia board to oversee all Islamic financial products used in the emirate. The move is also expected to further develop an interest in the Islamic financial markets by encouraging government-linked entities to issue and list sukuk on the...
Major investments in the healthcare sector and an easy visa regime ay help Dubai to become the global health tourism hub and attract millions of tourists to the emirate each year. The head of Dubai Health Authority (DHA) believes that the number of medical tourists receiving treatment in the emirate...
Dubai is gearing up to roll out the red carpet to visitors from around the world by making March its best month yet with a long line-up of activities and events that will be the perfect way to celebrate the monthly citywide celebrations under the slogan March happens here!. As...
The South African firm engaged in construction of Lebanon Island on Dubai’s The World has completed all development work on the project. The Cape Reed Group of Companies, specialists in timber and thatch structures, announced that it has completed work on the Royal Island Beach Club, a Caribbean-style beach club...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, the UAE Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Bluewaters project, a unique mixed use development by Meraas Holding. Valued at Dh6 billion, the destination will be located off the Jumeirah Beach Residence coastline...
Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE and ruler of Dubai, has said that the emirate will continue to push ahead with mega projects and achieve its global ambitions in all arenas. In 2008, Dubai’s real estate market was severely affected by the global economic meltdown....
Fairmont Hotels & Resorts has held their annual General Managers meeting in Dubai, bringing together managers from over 65 properties to discuss the state of the hospitality and travel industry, trends and brand positioning. This is the first time Fairmont has held its General Managers meeting in the Middle East,...
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday announced a group of initiatives to set up a comprehensive platform of Islamic economy products and services aimed at integrating Islamic economy as part of the overall Dubai economy....
Fashion TV is all set to open its first cafe in Dubai. The news was confirmed by president of Fashion TV Michel Adam who was speaking to the Tabloid. Fashion TV’s Studio F will be a 600 capacity venue located on the upper floor of the Boulevard Jumeirah in Emirates...
Curtain raises here tomorrow for the 18th edition of Dubai Shopping Festival (DSF) with an array of discounts and promotions. Scheduled to run from January 3 to February 3, 2013, the month-long festival will showcase the spirit of the city and what it has to offer Organised under the theme...
Neutral Fuels, Dubai based company has signed an agreement with McDonald’s Australia to launch a new biodiesel processing facility in the state of Victoria.Based in Dandenong, new facility situated just outside of Melbourne, will see the conversion of waste cooking oil to biodiesel. It is worthwhile pointing out that Neutral...
The Emirates Airline Festival of Literature announced that the First Fiction Adult Writing competition which gives unpublished adult novelists the chance to have their work evaluated by a leading literary agent, Luigi Bonomi, is now running in partnership with Montegrappa, Italy’s oldest manufacturer of luxury writing instruments. Festival organisers further...
The largest hotel in the Gulf and the Middle East in terms of number of rooms was launched in Dubai. The Yasat Gloria is considered an integrated city as it contains 1019 suits and can accommodate more than 3,000 people at one time. The hotel offers its guests high quality...
Riyadh, KSA 9 December 2012 Cluttons, the real estate specialist which has enjoyed a dedicated Middle Eastern presence since 1976, today releases the findings of its first Middle East Private Capital Survey. This report set out to examine investor sentiment within the Arabian Gulf region, specifically intra regional investor sentiment,...
Dubai is back on the world radar! One might even say that it never left. Here are five reasons why 2012 was a splendid year and the coming years would be even more spectacular for Dubai. 5. Fashion explosion The retail sector in Dubai is world famous. Now Dubai is...
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