Dubai / Emirates Business Hotels developed in and around the region’s shopping malls can expect to post an Average Daily Rate (ADR) 25% higher than hotels that are not co-located with a major retail development. The findings are published in a report by Colliers International, released ahead of Arabian Travel Market 2017, which takes place April, 24-27 at Dubai ...
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Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) is launching Etihad REIT, a Shariah-compliant real estate investment trust (REIT). The REIT comprises a seed portfolio of 10 income producing assets situated in the UAE. Etihad REIT expects to raise further capital through an initial public offering (IPO) on a stock exchange in the UAE at an appropriate ...
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Abu Dhabi / Emirates Business Etihad’s team at Abu Dhabi International Airport has welcomed 157 talented Emirati nationals from across the UAE after they graduated from the Etihad UAE National Development Foundation Programme (NDFP). Women make up 107 of the graduates and 50 are men. Within the group, 96 were trainees with Etihad Airport Services (EAS) and 61 trained ...
Read More »DUBAI / WAM Dubai has opened its doors to the second generation of world-class construction projects with the launch of the Al Wasl Plaza Project, the main hub of Expo 2020 Dubai. Al Wasl Plaza is a dynamic, urban, cultural, environmental, tourism, educational and recreational destination for future generations, which will be completed by the end of 2019. It ...
Read More »DUBAI / WAM Nasdaq Dubai has added NBAD (now known as First Abu Dhabi Bank), Dubai Financial Market (DFM) and Dubai Investments (DIC) to its equity futures market, raising the number of leading UAE companies on which futures can be traded to 12. Market making services on futures contracts on the three additional companies are provided by SHUAA Capital, ...
Read More »ABU DHABI / WAM The Abu Dhabi Urban Planning Council (UPC) has unveiled a major community initiative for the Year of Giving 2017 in partnership with 10 of the UAE’s leading property businesses. The ‘CSR Year of Giving Initiative’ will see the UPC work with real estate developers to establish new community amenities such as mosques, parks, playgrounds and ...
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Abu Dhabi /Â WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, stressed that the UAE foreign aid represents a global model to follow in terms of humanitarian and development work. This is not just for being one of the largest international donors compared to its gross national income (GNI) for the fourth ...
Read More »Abu Dhabi / WAM Jebel Ali Free Zone (Jafza), a DP World Company and the UAE’s flagship trade and logistics hub for the Middle East region and Africa, and the China National Petroleum Corporation (CNPC), the largest integrated energy company in China, have signed an agreement to establish CNPC’s regional headquarters in Jafza to serve its customers in the Middle ...
Read More »Dubai /Â WAM The Public Transport Agency, Roads and Transport Authority (RTA), is set to broaden and improve its bus network in Dubai by opening 11 new bus routes including 10 metro feeder service, and improve 13 other routes starting from April 15. The move is intended to bring more happiness to public transport users in general and bus riders ...
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Abu Dhabi /Â WAM ADNOC Distribution is investing AED750 million in a fuel depot located at the new Midfield Terminal of Abu Dhabi International Airport, according to Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution. Speaking to Emirates News Agency (WAM) Al Rashdi said, “ADNOC Distribution produces 14 million tonnes of jet fuel in order to meet ...
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