Business
Mohammad Bin Rashid hoists UAE flag
03 Nov 2015
Today we raise the UAE flag with love and appreciation for the president’s continuous national efforts, Mohammad Bin Zayed tweets
3 November, 2015
WAM
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, raised the UAE flag at 12pm Tuesday in Creek Park in the presence of more than 5,000 students from more than 100 different nationalities.
Speaking on the occasion marking UAE Flag Day, Shaikh... Read More
UAE ranked 30th most prosperous nation in the world
03 Nov 2015
3 November 2015
The UAE has been ranked the 30th most prosperous nation in the world as it improved its performance in healthcare, education and governance.
The 2015 Prosperity Index from London-based think tank The Legatum Institute showed that while the UAE’s economy ranked as high as 21st globally, it has dropped from its 10th place last year amid falling oil prices and increasing regional instability.
Its education sector, a key policy area for the country, moved up... Read More
Join the ‘Flags Garden’ initiative
03 Nov 2015
Thousands of flags at to be hoisted at the Kite Beach, Jumeirah, to mark UAE Flag Day
3 November 2015
Dubai: In response to the call of Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Shaikh Mohammad bin Rashid Al Maktoum, to celebrate UAE Flag Day on Tuesday, 3 November, Brand Dubai, a subsidiary of the Government of Dubai Media Office, is organising "Flags Garden", an innovative initiative to mark the national occasion.
Brand Dubai will... Read More
UAE celebrates Flag Day
03 Nov 2015
Wam/Abu Dhabi
3 November 2015
UAE leadership lauded; tribute to heroism of martyrs.
The UAE Flag Day is a day when the national spirit is renewed and is a day to reflect on the achievements of the era of the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan. This was said by Shaikh Mohammed bin Khalifa Al Nahyan, Executive Council Member, Chairman of Abu Dhabi Retirement Pensions and Benefits Fund for Abu Dhabi, in a speech given on the occasion of Flag Day... Read More
Shopping malls are an index to a healthy economy
03 Nov 2015
At RECon 2015, a large number of announcements of new shopping malls and expansions are introduced 3 November 2015New mall projects and expansions are a sign of an economy going in the right direction, an industry expert says.
"When malls decide to expand, add on new sections, renovate, it signifies a positive economical growth and at RECon 2015 we will be seeing many new announcements some for extensions and others for brand new malls that will be coming up in the Mena region," said... Read More
Women to join board of firms and govt entities
03 Nov 2015
SMEs law encourages men, women to start businesses.3 November 2015
The UAE, which believes in gender equality, is encouraging the public listed companies to appoint women as members to their boards of directors, says Sultan bin Saeed Al Mansouri, UAE Minister of Economy.
Opening a two-day conference on the Women in Leadership Economic Forum, or WIL, the minister said that at least one or two women would be appointed to the board of directors of the government related... Read More
December 2 & 3 will be private sector holidays in the UAE
02 Nov 2015
WAM/Dubai
2 November 2015
December 2 and December 3 (Wednesday and Thursday) have been declared paid holidays for the private sector on account of National Day and Martyr's Day.
A long weekend awaits UAE residents in early December as Wednesday and Thursday, December 2 and 3, will be paid holidays for the private sector on the occasion of Martyrs’ Day and the 44th UAE National Day, the Ministry of Labour has announced on Monday. A circular to this end was issued by... Read More
Dubai’s property deal values reach Dhs 186bn in nine months of 2015
02 Nov 2015
There were around 33, 907 transactions within the first nine months of 2015, a new report shows2 November 2015
The total value of real estate transactions recorded in Dubai reached Dhs 186bn during the first nine months of 2015, according to figures released by Dubai Land Department.
The report did not provide a comparative figure for the corresponding period in 2014 but the overall value of property deals last year touched Dhs 218bn. The value of deals in 2014 was down by 7.6... Read More
Nakheel plans partnership with Centara for Deira Islands resort
02 Nov 2015
2 November 2015
The Dubai developer Nakheel is planning to partner with one of Thailand’s leading hotel groups, Centara, to create a 550-room resort at its Deira Islands development.
The resort would include a water park and be located close to Deira Mall and Deira Islands Night Souk.
Nakheel has 10 hotels in the pipeline for Dubai, with five of them on Deira Islands.
The planned partnership with Centara is Nakheel’s third joint venture for hotels on Deira Islands... Read More
Emaar’s Jan-Sept net profit up 16%, Dubai sales drop 28.5%
02 Nov 2015
The government-owned builder's net profit rose 31 per cent during the third quarter of this year despite the sales slump in its home market2 November 2015
Emaar Properties’ net profit during the third quarter of 2015 rose 31 per cent to reach Dhs 843m ($230m), the Dubai-based developer said.
The government-owned builder’s revenues rose 56 per cent during Q3 to reach Dhs 3.3bn, compared to Dhs 2.1bn in the corresponding period last year.
Meanwhile Emaar reported a 16 per... Read More
Pages
