Latest UAE News
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Al Waleed hospitality acquires new luxury hotel apartment in Al Barsha
Al Waleed hospitality, the new arm in the hospitality sector of Al Waleed Investment Group recently success in acquisition a luxury hotel apartment located within the area of Al Barsha near "Mall of the Emirates", consisting of 64 units ranging from one bedroom and ...
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IX Reach connects to the Middle Easts first carrier-neutral internet exchange UAE-IX
Remote peering specialist and network connectivity solutions provider, IX Reach, has added Dubai to its long list of global locations and become the latest member to connect to the DE-CIX managed United Arab Emirates Internet Exchange, UAE-IX, from its new PoP location in Dubai's International Media Production Zone ...
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Top Stories on Dubai Chronicle on May 18th
The United Arab Emirates’ Ministry of Health has issued a ban on the sale of two products marketed as dietary supplements for male enhancement. The statement warns about the dangers of Bullet Proof and Vicerex, which contain hidden prescription drugs that may pose a threat to men suffering from diabetes, heart issues or having excess ...
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Luxury Dubai hotel set to close for revamp
As of July 8, the Sheraton Dubai Creek Hotel & Towers will start a revamp which includes all guest rooms, the Vivaldi restaurant and other facilities in the ...
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Ex-DIFC chief launches Dubai crowdfunding firm
Former Dubai International Finance Centre (DIFC) chief economist Dr Nasser Saidi has launched an internet crowdfunding platform designed to encourage investment into regional small-to-medium enterprises ...
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UAE- Facebook comes to abused maids rescue
(MENAFN - Khaleej Times) A 23-year-old Filipino housemaid, who has been subjected to indecent proposal and attempted rape by her employer in Ras Al Khaimah, sought help through Facebook and took refuge at the Overseas Filipino Resource Centre (OFRC) of the Philippine Consulate General in Dubai on Tuesday night.C. Dumo, who reached Dubai in March 2012, ran away from her employer after a rape ...
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UAE- Emaars villa sales revenue doubles
(MENAFN - Khaleej Times) Emaar Properties announced on Thursday that its first-quarter revenue from villa sales doubled from a year earlier in line with a general upswing in demand and prices of luxury villas.Emaar, developer of some the world's iconic building, including Burj Khalifa, the world's tallest building, said revenue climbed to Dh308.7 million in the three months ended March ...
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UAE- Six jailed for Dh30m fraud
(MENAFN - Khaleej Times) A 38-year-old man who posed as a Public Prosecution official to swindle, along with others, a businessman of almost Dh30 million in bogus business deals has been sentenced to five years in prison.The Emirati defendant, M.B., together with a Palestinian accomplice, M.G., his wife, M.S., and three other Palestinians were all found guilty of Dh29.7-million fraud, forgery, ...
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Aswaaq to establish branches in all emirates over five years
(MENAFN - Khaleej Times) Aswaaq, a subsidiary company to Investment Corporation of Dubai, the investment arm of Dubai Government, has revealed its plan to establish three branches each year during the next five years. Aswaaq has developed a strategic plan for expansion and proliferation within all the emirates in a bid to become the shopping destination of different residential areas."A ...
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UAE- Cohn Wolfe to work with BPG for PR services
(MENAFN - Khaleej Times) Cohn & Wolfe has announced that it will take a minority stake in Dubai-based BPG pr. The move strengthens and broadens Cohn & Wolfe's offer to clients across the Mena region and follows on the heels of the agency's Asia-Pacific expansion in China, India and Southeast Asia.BPG pr is part of the BPG Group that has been creating and executing integrated ...
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UAE- HDFC brings 50 builders for NRIs
(MENAFN - Khaleej Times) HDFC Ltd, India's premier housing finance company has brought 50 top developers at the 10th edition of 'India Homes Fair', a property fair exclusively for the Non Resident Indians (NRIs) in Dubai.These 50 top developers are from across India and are bringing a wide variety of projects to the discerning NRI audience in UAE.The three-day exhibition started ...
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Emirates to operate Airbus A380 service to Brisbane Auckland from October 1
(MENAFN - Khaleej Times) Emirates airlines announced on Thursday that the carrier will operate the Airbus A380 on the Dubai to Brisbane and Auckland route from October 1, 2013. Brisbane will become Emirates' third Australian destination to welcome the airline's flagship Airbus A380.Adding the A380 to one of Emirates' two daily Brisbane services will see an increase in capacity of ...
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UAE- ABB shows responsible use of technology
(MENAFN - Khaleej Times) Over the past century and more, ABB has provided many technologies in automation and power that have shaped the world as we know it today, said Pierre Leretz, president and region division manager for India, Middle East and Africa of the Process Automation Division of ABB at their regional headquarters in Abu Dhabi."Technology is the key in our business and is our ...
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UAE- RMD board wins GPCA 2013 award
(MENAFN - Khaleej Times) JRD International, adds yet another accolade by winning the annual GPCA (Gulf Petrochemicals and Chemicals Association) PlastCon 2013 Award for "Excellence and Ideas in Plastic Innovation - Building and Construction sector" for their RMD boards - Imagineered Gennext materials for construction and interiors. The award ceremony took place at the InterContinental ...
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Nine West offers variety of accessories in Dubai
(MENAFN - Khaleej Times) Nine West has created a place for the accessory obsessed to find the most sought after designs; from handbags to hats, jewellery to sunglasses, and scarves to watches. The new Nine West accessory store opened in the world-renowned Dubai Mall on May 6 and is the first of its kind. The beautiful new space boasts 2,300 square feet of exceptionally designed and curated ...
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UAE- Inceif partners with Bank Nizwa in Oman
(MENAFN - Khaleej Times) Inceif, the Global University of Islamic Finance, is partnering with Bank Nizwa, Oman's first dedicated Islamic bank, to provide structured training and development initiatives for Omani nationals working in the Islamic finance industry.The collaboration is in line with Bank Nizwa's efforts aimed at aligning itself with the 'employer of choice' adage ...
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Partnerships offer more choice for passengers
(MENAFN - Khaleej Times) Evolving partnerships between airlines in Europe and the Middle East are delivering significant new options for international air travellers, including reconnecting markets no longer served by European carriers, the president and chief executive officer of Etihad Airways, James Hogan, said on Thursday.Addressing the prestigious Vlerick Marketing Colloquium in the Belgian ...
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Emirates sees 777X role beyond A350-1000
(MENAFN - Khaleej Times) Emirates chief executive officer Tim Clark said there isn't much overlap between Boeing Co's new 777X and the Airbus SAS A350-1000 long-range jet, allowing him to accommodate both models in his fleet.The 777X that Boeing has begun to market would be the airline's long-range workhorse on routes of about 14 hours, with the A350-1000 deployed on shorter ...
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Masdar and IFC in $1.5b deal for clean energy projects
(MENAFN - Khaleej Times) Masdar and the International Finance Corporation (IFC), the private sector arm of the World Bank, announced their intention to collaborate on the advancement of clean energy projects.The memorandum of understanding (MoU), which was signed last week in Washington D.C., paves the way for the two parties to explore opportunities for the development of large-scale projects ...
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Mozambique UAE sign air transport pact
(MENAFN - Khaleej Times) Mozambique and the UAE on Thursday in Dubai signed a bilateral accord covering air transport.The agreement will pave the way for airlines to launch services for the movement of passengers and cargo, and will serve as a basis for the growth of trade and investment and the development of partnerships in sectors such as tourism.The accord was signed by UAE Minister of ...
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UAE- Central govts should not bail out subordinate ones
(MENAFN - Khaleej Times) Central governments around the world should not bail out a subordinate government because it creates a 'moral hazard', says a Nobel Laureate."When a central government bails out a subordinate government it subsidises the subordinate government's profligacy and creates incentives for them to want subsequent bailouts," said Dr Thomas J. Sargent, ...
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Knowledge is key to economic growth Mansouri
(MENAFN - Khaleej Times) Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has stressed that knowledge today is crucial to production and economic growth around the world. This came in his opening speech at the 2nd "Economic Policy Development Forum", held under the banner "Sustainable Wealth Based on Knowledge" in Dubai.The minister stated that the UAE's efforts in ...
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HDFC targets 20 GCC growth
(MENAFN - Khaleej Times) HDFC Ltd, India's premier housing finance company, has brought 50 top developers to the 10th edition of India Homes Fair, a property fair exclusively for the Non Resident Indians (NRIs) in Dubai.These 50 top developers are from across India and are showcasing a wide variety of projects to the discerning NRI audience in the UAE. In an exclusive interview with Khaleej ...
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UAE- Hamptons Q1 sales record 41 growth
(MENAFN - Khaleej Times) Hamptons Mena, the premier property services company in the region, recently recorded a 41 per cent growth in the volume of real estate transactions in its primary market of Dubai during the first quarter (January to March) of 2013, compared to the same period last year.The value of the sales transactions, led principally by the residential sector, increased by 38 per ...
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KL Gates advises Nabil Foods founding family on strategic partnership with The Carlyle Group
A Dubai-based team of lawyers from global law firm K&L Gates LLP has advised Jordan's Rassam family on the sale of a significant minority interest in Al Nabil Food Industries Limited Company (Nabil Foods) to global alternative asset manager, The Carlyle Group. The transaction closed on 13 May 2013 and is the first significant investment by an international private equity house into ...
Dubai In-Depth
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Olympics may be Dubai's next goal
Dubai is famous for being ambitious, sometimes to its detriment, but mostly to its advantage. It was ambition that made it the city the way it is now. For some, the recent announcement of a possible Olympic bid may seem overly optimistic, but what are Dubai’s chances realistically?
Dubai does nothing half-heartedly. Fifteen years ago, Dubai was just another city in the Gulf, there was nothing particularly special about it, apart from the fact that, for western workers, it was an attractive location because of the lack of income tax, but this it had in common with many other GCC cities. Read more
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