Australian flag carrier Qantas said on Thursday it is holding talks with carriers including Emirates to give a shot in the arm to its struggling international arm. Qantas saw its share price soar almost 10% after the revelation. The Australian airline has...
Kuwait has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday. In a statement to Kuwait News Agency (KUNA), Hashem Hashem, the...
Cardholders across Middle East and North Africa spent nearly US$4 billion on their Visa debit, prepaid and credit cards during the Holy month of Ramadan and Eid - says VISA in their latest report. Supermarkets, Financial institutions, Jewellery, Clothing Stores...
German Boat and Shipbuilders Association Revisit Show After Hiatus, Alongside Debut Countries Luxembourg, Indonesia and Spain; Australia, China, Italy, US, UK, France and Turkey Return to Tap into Increasing Spend on Luxury Goods in the Region with 150 New Exhibitors...
With the rise of Qatar and the UAE as new Emerging Markets, several investment opportunities are attracting foreign investors to the region. With India and China losing some steam in terms of their emerging market glitter, the Middle East is...
  The UAE will see a year on year GDP growth of 4.5% in 2012 while Kuwait, Oman and Bahrain will record a year on year growth of 4.9%, 4% and 3% in 2012 respectively, according to the latest International Monetary...
  The rule that calls for all public sector employees to relocate to Abu Dhabi has led to an increase in the average rents of new projects. A report by property consultants Cluttons shows that rental prices in areas such as...
Marriott International, the world famous hotel chain, plans to expand its footprint across the MENA region by opening a further 49 hotels during the next five years. Encouraged by an 8.3 per cent RevPar increase and 5.3 per cent occupancy...
Khalifa Fund is working on establishing an association for the entrepreneurs it supports, in order to help small and medium sized enterprises to develop and improve their business, overcome the common difficulties and to consolidate interconnection among them", Chief...
Dubai’s Al-Futtaim Motors announced it is recalling more than 4,000 Toyota Fortuner cars in the UAE for service checks after reports emerged that some models made between 2006 and 2008 developed problems with the rear propeller shaft. “Following communication with...
UAE and Saudi Arabia continues to grow despite lower oil prices, according to the latest Macro report from Crédit Agricole Private Banking  UAE new orders grow, and job creation hit three-month high in May’15 Saudi Arabia’s output and new orders expanded,...
UAE is a thriving hub for business and industry according to LinkedIn’s UAE Economic Graph LinkedIn, the world’s largest professional network, has unveiled new research providing insight into the UAE economy. The research shows that the UAE is becoming a...
A single visa system for GCC (Gulf Cooperation Council) countries for cruise passengers will be rolled out this September after four long years of discussions, tourism sources said. “We have raised it to the highest level and it is under...
Middle East Investors to Spend US$180 Billion in Global Real Estate Markets Over Next Decade: CBRE - Sovereign Wealth Funds Poised for Major Impact on Global Property Markets - Europe Clear Favorite with 80% of Expected Allocation - $85bn to Flow into...
Entrepreneurs Organisation hosted Falcons Nest to help connect start-ups and investors The Middle East’s start-up ecosystem is booming, and the UAE has retained the major share (70 per cent) of investments followed by Saudi Arabia and Lebanon with 9 per...
Emirates places US$15.1 billion order for 40 Boeing 787 Dreamliners at 2017 Dubai Airshow Latest announcement for 40 Boeing 787-10 Dreamliners, worth US$ 15.1 billion, takes Emirates’ total wide-body commitment with Boeing to 204 units Emirates’ Chairman and Chief...
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...
PRESS RELEASE An insightful study of cost-cutting behaviors and planning measures to be taken by organizations in the GCC. Dubai, United Arab Emirates, March 19, 2012: In light of the global economic downturn, 58% of companies in the GCC admit to...
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...
Horizon International School’s Got Talent: Students Showcase Spectacular Performances Over 35 students, from 20 different nationalities competed across 10 varied categories Horizon International hosted - ‘Horizon’s Got Talent’ show at the school Auditorium. Children of multiple nationalities from years 4-10 took to...
The AED 100 million Jumeirah Corniche offers ample opportunities for practicing jogging, walking and aquatic sports The 14 km Jumeirah Corniche to be linked with Dubai Water Canal, extending 6 km to the Dubai Waterfront Dubai's Roads and Transport Authority (RTA) yesterday...
Authorities in the UAE said The Dubai Creek is one of the six locations being considered as world heritage site. If selected, the creek would join Al Ain on the prestigious list which also includes famous wonders like The Giza...
The Dubai Canal project will transform the city through Real Estate and Tourism Innovation The Dubai Canal Project, a 14-million square feet mega development extending the Dubai creek water way into the Arabian Gulf offers a fresh perspective to waterfront...
Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced his government's aim of establishing the UAE as a global 'centre of excellence' for Arabic language. The major announcement was made at...
Banking & finance could serve as a key sector for maximising employment for women in the UAE Emirati women are more likely than their male counterparts to consider a position in banking and finance (29% vs 11%) found a major...
Painful as it may be for the wallet of the consumer, the decision to hike the price of petrol is good for the economy and the environment. Petrol prices in the UAE are state-set. According to June estimates, the UAE...
The UAE's finance minister has rebuffed reports the government has plans of imposing income tax on individuals or companies to fund any fiscal deficit. Sheikh Hamdan bin Rashid al Maktoum said the Ministry of Finance has not included any tax...
In the run up to Ramadan 2017, YouGov surveyed residents in the UAE and Saudi Arabia as part of their annual Ramadan study to discover expected changes in consumer behaviour in and around Ramadan.  In the survey, not surprisingly a...
The first Islamic Lifestyle Mini Bootcamp will take place in Dubai from November 12th to 16th. This program comes in light of H.H Sheikh Mohammed bin Rashid Al Maktoum’s vision to transform Dubai to be the world’s Islamic economy...
  With over 135,000 people expected to attend the Papal's historic visit to the UAE, here is some interesting information on the overall agenda, schedule of meetings, holy mass, and other trivia highlighting the United Arab Emirates' openness to a...
Sheikh Nahayan bin Mubarak al-Nahayan, a member of Abu Dhabi’s royal family, has revealed investment plans of up to US $45 billion over a period of around 15 years in Pakistan. News reports suggest that the investment would be made...
Traffic at the world's second busiest international airport surged 23.8 percent in August making it the busiest month in terms of passenger numbers in Dubai International's history, according to traffic report issued today by airport operator Dubai Airports. Key Highlights...
Dubai's flag carrier on Tuesday dismissed reports it is interested in buying a stake in India's troubled aviation sector. "We are not interested in getting involved in the Indian aviation sector," Emirates President Tim Clark said, speaking to Reuters on...
Location: Dubai The Story 5 employees of Al Ahli Driving Institute were caught for taking bribes from students and have been sentenced to 6 months in prison. The amount of the bribes taken by each man totaled to Dh 34, 000. The...
The ?Best AP CEMEA Card Design? awarded by Visa was given to the Royal Banking Covered Card of Dubai Bank. Design Award Periodically all Visa employees across AP and CEMEA markets vote for The Best AP CEMEA Visa Card Design. The...
Norton Cyber Security Insights Report shows hackers are honing their skills to take advantage of complacent consumers Norton Cyber Security Insights Report released by Symantec revealed that 2.53 million consumers in the UAE have been victims of online crime in...
Press Release Dubai, UAE, London, UK, 23 April 2012:- Marking the 175th anniversary of the founding of British maritime group P&O, DP World has just unveiled a prestigious and fascinating book telling the P&O story through the eyes of those...
Coffee and tea consumption in the Arab world more than tripled over the last decade with a whopping 85% increase in the UAE during the last three years alone, a report revealed on Sunday. According to the latest coffee statistics...
Shareef Al Romaithi, a 31 year-old Etihad Airways First Officer, has become the first Emirati to obtain a PhD in aviation from Embry-Riddle Aeronautical University, which also makes him the youngest and the eighth holder of this distinctive degree in...
NASA-INSPIRED TECHNOLOGY IGNITES DIGITAL PRODUCT FOR MUSLIMS  TIMEZ5 launches Muslim Physiology course as a digital product after years of excessive demand to help reach millions globally. TIMEZ5 is offering the $49 course for free throughout the month...