Date archive forJuly, 2015
One of Dubai's many luxury hotels
By Melanie Mingas On Friday, July 31st, 2015
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Family tourism to boost hotel revenue

Research released by , SweetBeam, has suggested that luxury hotel stock in Dubai could experience a surge in revenues, buoyed by family tourism, in the run up to 2020. The research was conducted over a random sample More...

jetsmarter
By Melanie Mingas On Friday, July 31st, 2015
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Saudi royal-backed “Uber jet” raises $20m investments

A startup billed as “Uber for private jets” has reportedly raised $20m in investments from members of the Saudi Royal Family, world-renowned music and entertainment moguls, London-based private equity fund, More...

du tuesday cannes prize
By Melanie Mingas On Thursday, July 30th, 2015
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Du becomes first MENA firm to win Cannes Lions Film Craft

UAE telecoms giant du has become the first company from the Middle East and North Africa to win the Cannes Lions Film Craft category for two consecutive years. The telecommunications operator’s multi-award-winning More...

petrol pump
By Melanie Mingas On Thursday, July 30th, 2015
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ENOC to expand operations beyond UAE

Emirates National Oil Co, ENOC, is to expand beyond its native UAE following the deregulation of fuel prices from Saturday, 1 August, 2015. The deregulation is expected to lift considerable financial pressure off More...

kuwait
By Melanie Mingas On Thursday, July 30th, 2015
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Drake and Scull secures AED1.57bn in project awards YtD

Drake & Scull International PJSC (DSI) has announced its total projects year to date are valued at AED1.57bn, following the award of a prestigious contract in Kuwait, worth AED216m. The MEP contract is for a More...

doha
By Melanie Mingas On Wednesday, July 29th, 2015
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Qatar Jordan post double digit performance declines

Hotels across the Middle East and Africa reported declines in occupancy, ADR and revenue per available room during June 2015, with Jordan and Qatar experiencing the worst drop in performance. Data from STR Global More...

Obaid bin Humaid Al Tayer
By Melanie Mingas On Wednesday, July 29th, 2015
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MoF engages in World Bank Group knowledge exchange

Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, has met with Dr. Jim Yong Kim, President of the World Bank Group (WBG), at the World Bank Group’s headquarters in Washingt  on, according to More...

dubai airport DXB
By Melanie Mingas On Wednesday, July 29th, 2015
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DXB passenger traffic hits 5.9m in June 2015

Dubai Airports has announced that passenger traffic during June 2015 was 16.7% higher than June 2014, with a total of 5.9m passengers recorded. The figures mean Dubai International Airport is on track to meet its More...

Depa's work at Dubai International Airport T3
By Melanie Mingas On Tuesday, July 28th, 2015
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Depa confirms AED719m contract value, H1 2015

Depa Limited, the global interior contracting company based in Dubai, signed contracts worth more than AED 719 million in the first half of 2015. Nadim Akhras, Group CEO, Depa , said: “Depa has started 2015 More...

Nigel Moulton, CTO, EMEA, VCE
By Melanie Mingas On Tuesday, July 28th, 2015
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The counterintuitive CIO: Advanced business needs simple IT

IDC estimates that in 2015 around one in every $10 spent on IT infrastructure will be invested in integrated systems, rising to one in every $6 by 2018. For many firms, when it comes to their IT infrastructure, More...

kids feature image
By Melanie Mingas On Tuesday, July 28th, 2015
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Updates to T3 Concourse at DXB Emirates Terminal

A New family area has opened at Dubai International Airport Terminal 3, featuring a children’s area with creative play equipment, television screens, and baby changing rooms. The new facility is located at Concourse More...

Doha - Qatar
By Melanie Mingas On Tuesday, July 28th, 2015
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QIB YoY net profit up 23%

Qatar Islamic Bank’s (QIB) net profit for the first half financial period ended June 30 has increased 23% to QR 895 Million compared to the same period in 2014, according to the Qatar News Agency. Total assets More...

NBK
By Melanie Mingas On Tuesday, July 28th, 2015
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National Bank of Kuwait posts H1 results

National Bank of Kuwait (NBK) reported net profits of $541million during H1, 2015, up 12.8% YoY from $479.4m, H1 2014. NBK Group 1Q 2015 net profits included the gain from the sale of NBK’s 30% stake in IBQ with More...

The Palm Jumeirah, a Nakheel development
By Melanie Mingas On Tuesday, July 28th, 2015
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Nakheel reports H1 profit of AED2.83bn

Nakheel has announced a net profit of AED 2.83 billion for the first six months of 2015; an increase of nearly AED1 billion – or 53 per cent, compared to the H1, 2014 profit of AED1.85 billion, according to WAM, More...

Reem Mall forms a significant elements of the overall vision for Reem Island, which will eventually become home for more than 200,000 residents
By Melanie Mingas On Monday, July 27th, 2015
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In pictures: Reem Mall project plans

Images have been released of the entertainment and leisure destination planned for Reem Island, Abu Dhabi. The $1bn plans unveiled by Abu Dhabi Urban Planning Council, include 200,000 residential capacity, 2 million More...

150615 Destinia ENG
By Melanie Mingas On Monday, July 27th, 2015
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Destina.com to offer travellers free Uber on arrival

Controversial private taxi app Uber, has partnered with Destina.com, the international OTA (online travel agent), to give travellers who book through the site, AED100 credit for a free taxi on arrival in Dubai, More...

Batelco
By Melanie Mingas On Monday, July 27th, 2015
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Batelco deploys point-of-presence in datame

datamena, the carrier neutral data centre and connectivity platform based in the UAE and serving the Middle East and Africa (MEA) region, has announced that Bahrain’s leading integrated communications’ provider More...

space agency UAE
By Melanie Mingas On Monday, July 27th, 2015
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UAE and Bahrain to collaborate on space science and technology

The UAE and Bahrain have announced intentions to collaborate their efforts in space science and technology following the arrival of a visiting delegation from Bahrain to the UAE Space Agency in Abu Dhabi. According More...

B777-300ER Inflight 1
By Melanie Mingas On Sunday, July 26th, 2015
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Etihad Airways reports record guests over Eid Al Fitr

Etihad Airways has experienced one of the busiest travel periods in the history of the airline with 291,518 guests flying across its global network during Eid-Al-Fitr, an increase of 12% on the 260,641 guests flown More...

JA port
By Melanie Mingas On Wednesday, July 22nd, 2015
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Jebel Ali Port named world’s most productive

Ship moves per hour up 10% YoY, beating ports in the Far East to take top global ranking. Jebel Ali Port, Dubai, operated by DP World Journal of Commerce (JOC) has named Jebel Ali Port as the world’s most productive, More...

Apricop 1
By Staff writer On Monday, July 6th, 2015
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US$3 billion Sukuk Programme by APICORP

The Arab Petroleum Investments Corporation, APICORP, today announced the establishment of a US$3 billion Sukuk programme. Establishing the Sukuk programme marks a strategic step for APICORP, rated Aa3 by Moody’s, More...

Hamriyah free zone New
By Staff writer On Monday, July 6th, 2015
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Hamriyah Free Zone-based ATS Terminal doubles capacity

Hamriyah Free Zone-based ATS Terminal has increased its storage capacity from 22,000CBM to 42,000 CBM. The company, which offers services like storage and transport of liquid chemicals and fuel, recently completed More...

DIFC new image
By Staff writer On Monday, July 6th, 2015
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New Iconic Building in DIFC

Dubai International Financial Centre, DIFC, has broken ground for the construction of its 11th office building in the iconic Gate District, to be built at a total investment of AED205 million, and scheduled for More...

VOLVO BUSSAR
By Staff writer On Sunday, July 5th, 2015
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Electric Buses from Volvo to the Public Transport

Volvo Buses is helping to launch the public transport of the future as it introduces a concept electric bus as part of the public transport system in Gothenburg, Sweden. A leading manufacturer of buses and coaches, More...

Habtoor
By Staff writer On Sunday, July 5th, 2015
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Khalaf Al Habtoor calls upon young Emirati entrepreneurs

.E. Khalaf Ahmed Al Habtoor, Chairman, Al Habtoor Group, called upon young Emirati entrepreneurs to develop a positive trading mentality and to mix with the right set of people who have good investment ideas and More...

qatar airways
By Staff writer On Thursday, July 2nd, 2015
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Qatar Airways to increase popular destinations

Qatar Airways has announced network frequency increases to multiple destinations across its global network. The national airline is adding frequencies to its popular routes – Dubai (UAE), Jeddah (Saudi Arabia), More...

QIB
By Staff writer On Thursday, July 2nd, 2015
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QIB Raises QR 2 Billion Sukuk

Qatar Islamic Bank (QIB) announced that it has raised QR 2 billion in Basel III compliant Additional Tier 1 Perpetual Sukuk to enhance the Bank’s capital adequacy ratios and to support future business growth. More...

Hyundai015
By Staff writer On Thursday, July 2nd, 2015
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Hyundai Motor’s Sales Down 1.2 pct in June

Hyundai Motor Co., South Korea’s top automaker, said Wednesday that its June sales fell 1.2 percent from a year earlier on less demand from overseas markets. Hyundai Motor said that it sold a total of 408,026 More...

Mohamed Alabbar, chairperson Emaar Properties PJSC.
By Staff writer On Thursday, July 2nd, 2015
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First not-for-profit real estate Institute by Emaar

Mohamed Alabbar, Founder and Chairman of Emaar Properties, today unveiled plans for the region’s first not-for-profit real estate educational institute to provide world class training for developing a talented More...

bnw banner
By Staff writer On Wednesday, July 1st, 2015
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Outstanding performance for BMW M5 30 Jahre Edition

To mark the 30th anniversary of the BMW M5, BMW M GmbH engineers and designers developed an exclusive special model of the current model generation which offers even more outstanding performance figures. With just More...

palm
By Staff writer On Wednesday, July 1st, 2015
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AED36 billion of investments for infrastructure development

Sheikha Lubna bint Khalid Al Qasimi, Minister of International Cooperation and Development (MICAD), has said there are strong signs that the UAE development aid to upgrade the infrastructure in the developing countries More...

imagesDAFMDBM0
By Staff writer On Wednesday, July 1st, 2015
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Two billion Renminbi bond on Nasdaq Dubai

Tian Jun, General Manager, Bank of China Abu Dhabi Branch, today rang the market-opening bell to celebrate the listing of a two billion Renminbi (Chinese Yuan, or US$322 million) bond on Nasdaq Dubai. The listing More...