Abu Dhabi / Emirates Business The UAE will continue to lead the GCC’s luxury hospitality segment to 2022, with 73% of existing luxury hotel stock and 61% of the region’s current luxury pipeline located in the country, according to data released ahead of Arabian Travel Market 2018, taking place at Dubai World Trade Centre from April 22-25. The research demonstrates ...

DUBAI / WAM Dubai Airports on Monday confirmed plans to close Dubai International’s (DXB) southern runway for a 45-day period in 2019 to conduct a comprehensive upgrade designed to boost safety, service and capacity levels. DXB operates 24/7, 365 days per year with over 1,100 aircraft movements per day featuring predominantly wide-body aircraft. While ongoing runway maintenance is scheduled on ...

Abu Dhabi / WAM The UAE Central Bank has signed a Memorandum of Understanding (MoU), with the Federal Tax Authority (FTA), to facilitate tax collection through the UAE Funds Transfer System (UAEFTS), that offers a timely processing of fund transfers between bank accounts. Mohammed Ali bin Zayed Al Falasi, Deputy Governor of the UAE Central Bank, and Khalid Ali Al ...