Dubai International airport is now the world's busiest airport, with over 70.45 million passengers traveling through Dubai in 2014 Dubai Airport expects 79 million passengers in 2015 Dubai Airports today released its year-end traffic report which confirm that Dubai International (DXB) is...
Qatar Tourism Authority (QTA) revealed tourist arrivals from other GCC member states rose by 22% year-on-year in the first quarter of 2012, the Oxford Business Group said in its report on Wednesday. The tiny gas-rich nation saw an increase of...
Morocco’s tourism policy, aimed at making the kingdom a hotspot for rich European tourists, has left its cash-strapped banks with little funds to provide loans to homebuyers and companies. Morocco had set off on an ambitious program to attract tourists...
Dutch unite water, energy and food in Expo 2020 Dubai pavilion The Netherlands will invest EUR 19.4 million (AED 81.1 million) in its Expo 2020 participation. The design of the Dutch Pavilion and its theme, ‘uniting water, energy and food’, were...
Media reports point out that Saudi billionaire Prince Alwaleed bin Talal has sold his yet to be delivered Airbus A380, popularly dubbed 'the flying palace'. Quoting the chief financial officer of his Kingdom Holding Company, reports suggest that, "it was...
UAE's telecom regulatory body says Etisalat and Du, the two main telecom operators in the Emirate, have failed to make any progress in reaching a network sharing deal. Talks on the proposed network sharing deal between the two rival companies...
A report published by the UAE Ministry of Interior claims that 35% of all cyber attacks are targeted towards the UAE's banking sector, including both ATM and Internet banking applications. After the banking sector, other areas most susceptible to cyber...
  In a presentation to market analysts, Etisalat has revealed plans to consolidate its smaller assets in “fragmented markets” through mergers, acquisitions or asset sales and also record up to 5 percent revenue growth in 2013. The Gulf's second largest telecom...
A Qatari royal family member has purchased a Greek island for €5m ($6.59m), according to reports published in local media. Citing unnamed sources, Oxia, Greek daily Ekathimerini reported that the island, spread across 1,236-acres, was initially advertised by owners the Greek-Australian Stamoulis family for...
ServiceMarket.com, the largest online home services marketplace in the UAE, announced today the successful close of a $4 million funding round by AddVenture and Emaar Industries & Investments (Pvt.) JSC. ServiceMarket.com gets a total VC funding of US$ 8 million...
-Abu Dhabi ranks in global top 20 of most active cities for shopping centre development -Abu Dhabi completes 168,000 sq m of retail space in 2013 -Global shopping centre development rises to 39 million sq m Abu Dhabi has 778,000 sq m...
BenQ Unveils The First DLP 4K UHD LED Home Cinema Projector, Taking Home Entertainment To The Next Level X12000 Combines Philips ColorSpark™ HLD LED Technology and Exclusive CinematicColor™ Technology to provide unmatched Digital Cinema Quality at home. World’s leading DLP projector...
Saudi Aramco announced on Monday the launch of an investment arm to acquire tech companies that are of strategic importance to Saudi Arabia and facilitate their deployment in the kingdom. The company said Saudi Aramco Energy Ventures plans to invest...
AVERY Products Middle East Awards Winners of Art Competition The art competition was an effort to inspire, foster and encourage students to reflect on the importance of saving water. AVERY Products Middle East, one of the leading providers of pressure-sensitive technology...
Inspiring. Intriguing. Enthralling - Those would be the ideal adjectives to describe today's BOLDTalks event held at DUCTAC in the Mall of the Emirates, Dubai. What is BOLDTalks BOLDtalks are series of events that host a selection of acclaimed international speakers...
The UAE central bank is looking for an international bank to replace Barclays PLC on the 12-lender panel that sets benchmark interbank interest rates in the country, Zawya quoted a source familiar with the matter as saying. The central bank...
WAM Abu Dhabi, 15th Dec. 2012 (WAM) -- UAE's foreign trade in Ceramics went up by 45 percent from 2010-2011 and that the UAE was the first globally in the product's re-export levels, owning a 60 percent share of...
Dubai has decided to slow down the progress of the new Al Maktoum Airport in order to focus more on developing the existing Dubai International Airport, a Reuters report revealed Wednesday. This decision has been taken by the authorities due...
The Capital Market Authority (CMA), Oman's financial regulator, believes that active measures must be taken to encourage consolidation in the country's financial sector. Consolidation in the financial sector will allow Omani banks to grow bigger in scale and also...
-e-government services at the forefront of governments’ agenda in the GCC-  -Government of Dubai leading the way to integrate mobile technology- -Government participation at GITEX Technology Week up 25% this year- Governments across the Gulf Cooperation Council (GCC) countries are ramping up...
Etihad Airways announced an exclusive partnership with the UAE's first internationally certified organic farm to supply fresh organic produce for its inflight First Class dining menus. The UAE's national flag carrier will be sourcing fresh organic produce daily from the...
Middle East holds 'highest potential' for airport investments, says GALF survey A survey of aviation industry professionals, carried out by the Airport Show ahead of the next month's inaugural Global Airport Leaders' Forum (GALF), has rated the Middle East with...
The UAE is closely collaborating with the World Bank to draft new legislation that would help small and medium-sized firms in gaining access to greater financing options. Under the draft law, these firms would be able to use assets such...
A report published today by international real estate advisor Savills has ranked the United States of America (USA), the United Arab Emirates (UAE) and Singapore respectively as the top three countries for residential investability on the basis of economic...
Cities set to be at the forefront of regional design 10 Innovative Global Designers Showcase Interpretation of Nature Through Functional Designs at Upcoming Design Days Dubai The Cities collection at Design Days Dubai portrays the art of nature and the art...
After several years of deliberations, the Saudi government is considering reforms that open up the country’s equity market for foreign investors to stimulate equity investment in KSA. The kingdom has long debated introducing market liberalisation reforms and technical preparations, but...
World's Fastest Growing Hotel Chain OYO to Expand into UAE South Asias's largest and world's fastest growing hotel chain, OYO Hotels, has announced its plans to officially launch in the UAE, starting with Dubai. The budget-friendly hotel chain will expand in...
Qatar is a leading aviation growth in the Middle East, thanks to the government's liberal aviation policies, which is fueling unprecedented growth in the global aviation industry. Industry experts say the tiny gas-rich nation's huge surplus, commitment to the aviation...
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...
PRESS RELEASE DP World Limited said in a statement it will hold on Monday its Annual General Meeting for the year ended 31 December 2011. DP World Chairman Sultan Ahmed Bin Sulayem will make the following statement regarding trading in the first quarter...