Bloomberg Virtual reality is catching on in China. Just ask Zhang Yimou, the man who choreographed the opening ceremony of the 2008 Beijing Olympics. SoReal, a startup co-founded by the famed director of “House of Flying Daggers” and “The Great Wall,” is preparing to open this year what it bills to be the world’s first virtual-reality park. “As a ...

  Bloomberg The rally in technology stocks may have more room to run after the industry overthrew financials as the main driver of emerging market shares last quarter. Firms from South Korean phone makers to China’s biggest internet company helped drive a 17 percent surge in technology shares in the MSCI Emerging Markets Index in the first quarter, the best ...

  ABU DHABI / WAM UAE stock markets rose on Monday, led by a higher real estate sector, amidst high sentiments among companies and individuals alike. The Abu Dhabi Securities Exchange (ADX) rose for the second straight session supported by a hike in a number of real estate shares and Etisalat’s share which rose to AED17.95, thus edging towards the ...

  SHARJAH / WAM The aviation and tourism industry in the Middle East is set to be a driving force for the region’s economy, according to the 6th Arab Aviation Summit’s white paper report released on Monday. The region is expected to deliver a 5 percent growth, and connect an extra 258 million passengers to and from its airports by ...

  Sharjah / WAM The Sharjah FDI Office (Invest in Sharjah), the FDI office operating under the Government of Sharjah, has announced the emirate’s total foreign direct investment is expected to exceed a record AED 1 billion by the end of the year – an anticipated growth of 15 percent on 2016. The figures are a massive testament to Sharjah’s focus ...

  Sharjah / WAM A report published by Explori, an exhibition industry insights provider, showed the United Arab Emirates has ranked 1st in the MENA region for organising and hosting exhibitions. The report results were revealed during a meeting held by the Global Association of the Exhibition Industry (UFI) at Expo Centre Sharjah. The meeting was presided by Saif Mohammed Al-Midfa, ...

  Dubai / WAM In yet a new sign of the stability of the UAE realty market, the 13th edition of the International Property Show (IPS) the Middle East’s biggest real estate sales platform, started in Dubai, showcasing property worth AED1 trillion, according to real estate sources. IPS is an innovative event held annually in Dubai for international and local companies ...

  Dubai / WAM The Council of Arab Economic Unity, a body of the Arab League, will organise the first Digital Economy Conference at the Dubai International Convention Centre, promoting the theme ‘Seamless e-Commerce’, on May, 1-2, under the patronage of HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior. It will provide ...

  Dubai / WAM Expo 2020 Dubai unveiled on Monday the last major design in Al Wasl Plaza – an open space that combines breathtaking design, innovative technology and an intricate domed trellis incorporating a huge immersive projection experience. The plaza will be a unique space at the centre of the 4.38-square kilometre site that will make a dramatic impression on ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, reviewed the achievements of the Presidential Camel Racing Team at Al Shahaniya Festival in Qatar and Al Wathba Festival 2017. This came when His Highness Sheikh Mohamed bin Zayed received on Monday at Al ...