May, 2016

• 9 May

  Expats in UAE settling in for the long haul: Survey

  

    Abu Dhabi / Emirates Business Good news for expats in the UAE — the future is looking brighter. Amid the constant speculation about whether the UAE’s ‘expat bubble’ is about to burst comes proof that more and more expats are planning to lay down their roots and settle in for the long haul. According to compareit4me.com, a survey carried ...

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• 9 May

  Air Arabia net profit reaches AED114mn in first quarter

  

    Sharjah / Emirates Business Air Arabia PJSC reported strong financial results for the first quarter of 2016 exceeding analyst expectations as the Middle East’s first and largest low cost carrier continued to deliver outstanding performance and attract new customers. Air Arabia reported a net profit of AED114 million for the three months ending March 31, 2016, 34 percent higher ...

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• 9 May

  Global annual spend on airport security to hit $12.67bn in 2023

  

    ALKESH SHARMA / Emirates Business As the Middle East region surpasses global surge in air traffic, airlines and airports in this part of the world are making huge investments to spruce up the security of passengers and premises. Massive funds have been moved towards airport system upgrades to ensure seamless passenger experience, focussing solely on the security segment. UAE ...

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• 9 May

  Majid Al Futtaim wins at MENA Digital Awards

  

    Abu Dhabi / Emirates Business Majid Al Futtaim has been awarded two prestigious awards at the MENA Digital Awards 2016 (MDA) and the Festival of Media Awards MENA 2016. The retail pioneer won in two categories: “Best Mobile App” for City Centres’ mobile app at the MDA, as well as “Best Engagement Strategy” for the Corporate Sustainable Responsibility angle ...

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• 9 May

  Etihad Airways’ new premium lounge opens at Melbourne airport

  

    Abu Dhabi / Emirates Business Etihad Airways officially opened its spectacular new Premium Lounge at Melbourne Airport, offering guests a stylish, comfortable environment in which they can relax, re-energise, dine, work or be entertained pre-flight. A natural light filled space with floor-to-ceiling glass, it offers expansive views across the runway. At more than 800m2 with seating capacity for up ...

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• 9 May

  GCC retail market far from being saturated

  

    Dubai / Emirates Business According to Abu Dhabi-based Business DNA, the region’s retail sector is far from being saturated, and expects the industry to see a growth of 7% to 12% in 2017. The company sees 2016 as a correction year for the industry, even as it looks to drive growth of Abu Dhabi’s underrated retail market. Business DNA ...

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• 9 May

  N Korea party congress pushes nuclear weapons expansion

  

    Pyongyang / AFP North Korea’s first ruling party congress for nearly 40 years formally endorsed leader Kim Jong-un’s policy of expanding the country’s nuclear arsenal, as South Korea on Monday dismissed his proposals for military talks and improved ties. The congress, which opened on Friday, has largely been seen as an elaborate coronation for the 33-year-old Kim, securing his status ...

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• 9 May

  Iran test-fires ballistic missile, latest after N-deal

    Tehran / AP Iran test-fired another ballistic missile, the latest in a spate of tests following the implementation of the nuclear deal with world powers earlier this year, according to a report Monday by the country’s semi-official Tasnim news agency. The test-firing of the missile, with a range of 2,000 kilometers, or 1,250 miles, was carried out two weeks ...

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• 9 May

  49 people killed in Rwanda landslides amid rains

    KIGALI / AP A Rwandan government official says at least 49 people have been killed by landslides in the country’s north following heavy rains on Saturday and Sunday. Disaster Management and Refugee Affairs Minister Seraphine Mukantabana told The Associated Press Monday that torrential rains in the area about 80 kilometers (50 miles) from the capital, Kigali, had destroyed several ...

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• 9 May

  Yemen president criticises explusions from Aden

  

    Aden / AFP Yemen’s president has criticised what he called the “unacceptable” expulsion from Aden of hundreds of people originating from the north, after loyalists drove Iran-backed rebels out of the southern city. “The individual acts of expelling citizens of Taez and other cities (from Aden) is unacceptable,” President Abedrabbo Mansour Hadi said late Sunday, quoted by the official ...

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