News

ABU DHABI / WAM The Founder’s Memorial, a permanent national tribute commemorating the late Sheikh Zayed bin Sultan Al Nahyan, welcomed members of the public for the first time on Sunday as it celebrated its official opening. Situated on the Abu Dhabi Corniche, the memorial invites visitors to embark on a journey of discovery into the life and legacy of ...

DUBAI / WAM Master developer Nakheel on Sunday awarded a contract worth AED595 million for the construction of Nad Al Sheba Mall, its new, 1.4 million square foot shopping, dining and entertainment destination that has a total development value of AED825 million. Nakheel has appointed Metac General Contracting Company to build the mall, which will have 200 shops, restaurants and ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi on Sunday announced that it has signed a Memorandum of Understanding (MoU) with Al Dana Leather Product Factory, Al Mandoos. This follows DCT Abu Dhabi’s long-term strategy to transform Emirati-owned businesses into exceptional leisure attractions for visitors and tourists, thus creating unique experiences with deep insights into ...

SHARJAH / WAM Khalid Jasim Al Midfa, Chairman of the Sharjah Commerce and Tourism Development Authority, said the tourism sector in Sharjah has contributed over AED7 billion ($1.91 billion), or 8.5 percent, to the emirate’s total gross domestic product (GDP) of AED83 billion. He also said that the yearly number of tourists visiting Sharjah exceeds 1.7 million, which is the ...

ABU DHABI / WAM The UAE Central Bank has withdrawn AED 6.00 billion out of excess liquidity in the market during March after it met the market needs for cash in January and February. The move fits within the Central Bank’s mandate to direct the country’s credit policy, and to regulate and oversee the monetary and banking policy, ensuring their ...

Dubai / Emirates Business A study conducted by Citi and Publicis Media has revealed 67 percent of residents in the UAE consider cashback to be one of the most important features of a credit card. In response to the survey’s findings, Citi UAE launched the Citi cashback credit card. The new Citi cashback credit card addresses client preferences by providing ...

ABU DHABI / WAM The number of visitors from the UAE increased by 30 percent to almost 10,000 in 2017, the Finnish tourist authority, Visit Finland, has highlighted as the government entity makes its debut on the exhibition floor during Arabian Travel Market (ATM) 2018. Speaking at a press conference during ATM on Sunday, Visit Finland representative, Teemu Ahola said, ...

DUBAI / WAM Dubai Airports and DXB Entertainments owner of Dubai Parks and Resorts announced a strategic partnership with aim of creating an unparalleled airport experience while showcasing Dubai’s position as the ultimate tourist and family entertainment destination in the region. The partnership will showcase Dubai Airports’ efforts to make Dubai International (DXB) a destination in its own right while ...

Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) on Sunday released its Annual Visitor Report 2017, providing an in-depth cross-sector analysis of the emirate’s tourism performance last year, as well as an overview of future activities, campaigns and strategies as Dubai progresses towards its goal of welcoming 20 million visitors per year by 2020. The ...

Abu Dhabi / WAM The UAE General Civil Aviation Authority (GCAA), announced on Sunday that Qatari fighter jets flew dangerously close to a UAE civil aircraft with 86 passengers onboard while passing through the Bahraini airspace, in a repeated action in stark violation of the international laws and agreements. The civilian aircraft was on a scheduled flight after obtaining all ...