Search Results for: "dubai"

Saudi Retailer Alhokair Eyes US, UK Buys; Plans Debut Sukuk

Alhokair completed the purchase of Spanish clothing brand Blanco last month for 11 million euros.

UAE’s Retail Sector To Grow 33% By 2015

Dubai’s retail industry is one of the most lucrative sectors for foreign investment, according to a new report.

Al Hamra Unveils $164m Falcon Island Development In RAK

Falcon Island will cater to the luxury market outside Dubai and Abu Dhabi.

Strong Demand Spurs Emaar To Launch Second Phase Of MBR City Project

The Dubai developer will launch for sale the second phase of luxury residences at Mulberry at Park Heights.

Emirates Starts Daily Boston Flights

The east coast city becomes the eighth destination in the carrier’s US network

UAE’s Arabtec Agrees $40 billion Housing Project With Egypt Army

The project will cover 160 million square meters across 13 sites in Egypt for lower income individuals, a statement said.

Dr. Nasser Saidi: Building The New Silk Road

The Gulf should pivot towards the East, writes the founder and president of Nasser Saidi & Associates.

Gulf’s Rift Over Qatar May Slow Investment, Reforms

Saudi Arabia, the UAE and Bahrain withdrew their ambassadors from Qatar last week.

Middle East Records 18% Air Passenger Traffic Growth In January-IATA

Middle Eastern carriers are benefitting from the strength of regional economies and a solid growth in business-related premium travel, says IATA.

More Gulf Capacity Set For Tokyo

Qatar Airways joins Emirates in providing more access to and from Tokyo’s second airport

Fog Forces Abu Dhabi Flight Diversions

Technical failure forces Abu Dhabi flights to other regional airports

All EU Citizens To Get UAE Visa On Arrival From March 22

The UAE has passed a new ruling exempting citizens from 13 European member states from requiring a pre-entry visa.

REVEALED: Top 10 Fastest Growing Luxury Property Markets

Dubai and Abu Dhabi feature among the top 10 global cities seeing a rise in luxury residential property prices, according to Knight Frank.

REVEALED: Top 10 Salaries In The UAE

The 2014 Gulf Business Salary Survey reveals the best-paid jobs in the UAE.

UAE Firms Should Give “Realistic Pay Rises” During Boom Time

Unrealistic pay rises during boom time might prove counterproductive to a company’s growth, expert says.

Bahrain’s Al Salam Bank Launches Asian Islamic REIT Fund

The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG.

DMC, DIC Land Prices Rose Around 30% In 2013 – TECOM CEO

Land prices in areas such as Studio City rose 15 to 20 per cent.

UAE’s Aramex Wants Gulf Customs Rules Amended To Aid E-Commerce

The current regulations only allow small shipments, such as parcels sent by online retailers, to be cleared by customs.

UAE’s Al Noor Hospitals Targets Home Growth In 2014, As 2013 Profit Edges Up

Revenue for the group, which operates three hospitals and 12 clinics in the UAE, rose 12.5 per cent year-on-year to $365 million in 2013.

Nakheel To Auction More Plots In Jumeirah Park On Strong Demand

The developer said that it will auction off residential plots ranging from 7,750 to 8,700 square feet on March 4.

Nakheel Nets Dhs34m In Jumeirah Park Land Auction

The developer auctioned off eight plots, selling each for an average of Dhs4.3 million on Wednesday.

Qantas’ Half-Year Losses “Unsustainable” – CEO

The group’s planned capital expenditure, net of operating lease liability, will be reduced to $800 million in the next two years, providing reductions of AD$1 billion.

DAFZA Records 42% Revenue Jump In 2013

The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade

Arabtec Denies Plans To Acquire Kuwait’s Kharafi National

Earlier on Wednesday, Arabtec issued another statement saying its board had not taken any decision on the acquisition of another company.

Mesaieed Petchem Shares Soar In Qatar Debut, Far Exceed Estimates

Mesaieed, a unit of state-owned Qatar Petroleum (QP), raised 3.2 billion riyals ($880 million) in an IPO of about 26 per cent of its shares.

Horse Racing-Godolphin Hands Trainers Full Responsibility After Doping Scandal

The operational changes should also help safeguard horse welfare and ensure compliance with all relevant regulations, officials said.

Nakheel To Auction Plots In Jumeirah Park

The plots, each measuring 8,820 square feet, will be auctioned off on February 26 in the Nakheel Sales office on Al Sufouh road.

Qatar Airways Eyes Deeper Ties With Oneworld Partners

Akbar Al Baker said Qatar Airways was in talks with British Airways, one of the founding members of the oneworld alliance, on a codesharing agreement.

Cathay Pacific To Make Doha Debut

Strategic agreement follows Qatar’s entry into the oneworld alliance

Horse Racing-Godolphin’s Racing Manager Quits For New Role

Simon Crisford will take on a new role as Sheikh Mohammed’s global racing advisor.