By Saifur Rahman COVID-19 hit the Emirates Group, which includes world’s largest international airline Emirates and its ticketing and ground handling arm Dnata, with a US$6.0 billion (Dh22.1 billion) net loss in 2020-2021 financial year ending March 2021, compared with an Dh1.7 billion (US$456 million) profit for reported for 2019-2020 financial year. This is the airline’s first loss in more than three decades and the second annual […]
Dr. James M. Dorsey Saudi Arabia has stepped up efforts to outflank the United Arab Emirates and Qatar as the Gulf’s commercial, cultural, and/or geostrategic hub. The kingdom has recently expanded its challenge to the smaller Gulf states by seeking to position Saudi Arabia as the region’s foremost sport destination once Qatar has had its moment in the sun with the 2022 World Cup as well as […]
It doesn’t feel that long ago since the racing world was captivating by the 2021 Dubai World Cup, but already connections will be planning their route towards one of the biggest races of the year next year. The hugely lucrative race will once again attract a starring field, but which runners could be among the leading contenders for the race next year? History & Records The Dubai […]
By Saifur Rahman Dubai Government has so far spent around Dh25 billion (US$6.81 billion) in developing the world’s first greenfield 5G-ready futuristic mini-city, Expo 2020 on a five square kilometre site, a top official said. This is about Dh5.84 billion (US$1.59 billion) or 19 percent lower than the original budget of Dh30.84 billion (US$8.4 billion) estimated at the planning stage in 2013. At the heart of the […]
By Murali Krishnan According to Frost & Sullivan, in the GCC region, UAE, Bahrain and Qatar have mobile subscriber penetration rates of 80% or more, placing them among the highest penetrated markets globally. We estimate that GCC region would have 83% mobile subscribers by 2030 up from 77% in 2018. Further, by 2030, 5G will account for 16% of total connections in these markets. By 2025, 75% […]
In the light of this exceptional growth, HE Sultan bin Sulayem believes opening new markets and stimulating mutual trade between Dubai and Israel will encourage companies to increase production, leading to greater economic growth and more job creation. Said Bin Sulayem: “The expansion of trade and investment between the two sides will benefit not only the business communities in the UAE and Israel, but also other stakeholders […]
These are seriously amazing… Dubai is no stranger to some mind-boggling and stunning architectural projects and there are plenty to look forward to opening in 2021. Here are 12 upcoming Dubai mega-projects we can’t wait for… Ain Dubai Dubai’s huge observation wheel Ain Dubai has been a long time coming and now it looks to be edging ever closer to completion with the recent addition of all […]
DUBAI, 30th January, 2021 (WAM) — Dubai’s trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and a volume of 6.217k tonnes, according to Dubai Customs statistics. Of this, imports were valued at AED325 million (718 tonnes), exports at AED607million (5.4k tonnes), and transit trade at AED98.7million (52.4 tonnes). In the light of this exceptional growth, Sultan bin […]
The developer of one of the most ambitious projects on Dubai’s The World Islands, will finally be handing over the long-awaited private villas and beach palaces to investors before the end of the year. Some 2,000 units in the Phase I of the $5 billion Heart of Europe, an ultra-luxury man-made island destination that will showcase floating homes, as well as the Middle East version of the […]
DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]
DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]
The developer of one of the most ambitious projects on Dubai’s The World Islands, will finally be handing over the long-awaited private villas and beach palaces to investors before the end of the year. Some 2,000 units in the Phase I of the $5 billion Heart of Europe, an ultra-luxury man-made island destination that will showcase floating homes, as well as the Middle East version of the […]
DUBAI, 30th January, 2021 (WAM) — Dubai’s trade with Israel in the last five months (Sep 2020 -Jan 2021) reached a value of AED1 billion and a volume of 6.217k tonnes, according to Dubai Customs statistics. Of this, imports were valued at AED325 million (718 tonnes), exports at AED607million (5.4k tonnes), and transit trade at AED98.7million (52.4 tonnes). In the light of this exceptional growth, Sultan bin […]
The UAE’s retail sector will rally in the new year, with exerts pointing to returning consumer confidence, along with the Expo 2020 Dubai, as the key factors for growth. Other factors that will contribute to the growth in the sector include the introduction and mass availability of the Covid-19 vaccine, the growing popularity of online shopping, as well as retailers in the region strengthening their omni-channel offerings. […]
The developer of one of the most ambitious projects on Dubai’s The World Islands, will finally be handing over the long-awaited private villas and beach palaces to investors before the end of the year. Some 2,000 units in the Phase I of the $5 billion Heart of Europe, an ultra-luxury man-made island destination that will showcase floating homes, as well as the Middle East version of the […]
DUBAI, 30th November, 2020 (WAM) — The UAE is set to welcome the first Israeli technology delegation to the country at the landmark 40th edition of GITEX Technology Week, hosted at Dubai World Trade Centre. To be held from 6-10 December, GITEX this year is the world’s only live, in-person global technology event. The Israel Export Institute, IEI, Strategic Country Partner for GITEX, in partnership with Bank […]
This remained a record-breaking month for secondary/ready villas/townhouses with 665 unit transfers 1013 villas/townhouses and a total of 2,031 apartments were transferred in October In October 2020, Dubai’s overall Index reached 1.092 Dubai, UAE – Dubai Land Department (DLD), in cooperation with Property Finder, has launched the seventh edition of Mo’asher, Dubai’s official sales price index. The base year for Mo’asher is 2012 and the base month […]
“We now turn our sights to next year’s event, which will take place at the Expo 2020 site. In what will become Dubai’s largest centralised hub for business, how we bridge and strengthen the public and private real estate sector will play a fundamental role for DLD, Cityscape, Dubai and the entire region.” The one-off edition offered a radical departure from the annual event’s normal format. Co-created […]
The Global Renewables Outlook: Energy Transformation 2050 report issued by the International Renewable Energy Agency (IRENA) in April 2020 indicated that the transition to renewables, efficiency and electrification could drive overall socio-economic development, supported by comprehensive policies to cut carbon emissions. The use of Hydrogen and synthetic fuels, direct electrification, advanced biofuels and carbon management will be crucial ways to cut CO2 emissions beyond 2050, along with […]
