Insights: General
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UAE travellers to splash out during UK trips following Brexit vote
UAE residents are expected to upgrade hotels and entertainment plans during trips to the UK due to the slumping pound. The value of the sterling dropped to below AED5 ($1.36) in the aftermath of the UK’s decision to leave the EU. Despite this, an expected increase in bookings to British shores has not yet materialised,
Reading Nation: UAE to send 8.2m books for unprivileged children
The UAE’s Reading Nation campaign smashed its target of five million books be distributed to unprivileged children in Arab and Muslim countries. The campaign, concluded on Wednesday, raised a total of 8.2 million books since its launch on June 6. It was launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime
Dubai set to see 10,000 new hotel rooms open in 2016
About 10,000 new hotel rooms will open in Dubai throughout 2016, according to a new report. The Dubai Hotel Market Overview prepared by JLL for The Hotel Show Dubai 2016 reveals that 621 new hotel rooms opened in Dubai during the first quarter of the year, with 9,400 rooms expected to be added to the
Trojan wins $270mn deal to build Emaar’s Mira Oasis
Trojan General Contracting (TGC), has been awarded a $270.2mn contract for the construction of the Mira Oasis townhouses The project is part of the second phase of the Reem, a master planned neighbourhood in Dubai. The second phase of the Mira Oasis community will consist of 1,393 units and is divided into three plots that
Masdar, DEWA team up for third phase of record-breaking solar park in Dubai
A Masdar-led consortium has won the contract for the 800 megawatt third phase of the Mohammed bin Rashid Al Maktoum Solar Park, Dubai Electricity and Water Authority (DEWA) announced on Monday. Masdar will team up with Spanish firms, Fotowatio Renewable Ventures (FRV) – an Abdul Latif Jameel company, and Gransolar Group. The project will be
UAE ranked 5th in global readiness index
Dubai: When it comes to dealing with change brought about by everything, from economic and political shocks, to long term trends such as technologies and demographics, the UAE is the most prepared in the Arab world. The country has emerged number five in the KPMG 2015 Change Readiness Index, just behind Singapore, Switzerland, Hong Kong
June 28, 2016
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Global: Eid al-Fitr holiday will close offices, consulates
The Muslim holiday of Eid al-Fitr, expected to begin around July 4 at sunset, will close offices and delay processing of applications in countries across the Middle East, North Africa and parts of Asia, and at their consular missions around the world. What does the change mean? Offices will close for three to 10 days,
UAE-based Lulu Hypermart opens first outlet in Malaysia
KUALA LUMPUR: The UAE-based Lulu Hypermarket has opened its first outlet in Malaysia, becoming a gateway for Malaysians to market their products to the Middle East and Asia. Prime Minister Datuk Seri Najib Tun Razak said the largest retail chain in the Middle East was keen on marketing Malaysia’s fresh and dry produce at its
Millennium & Copthorne to open 10 GCC hotels in next year
Millennium & Copthorne, Middle East and Africa has announced plans to substantially expand its operating portfolio in the GCC region over the next year with 10 hotels set to open in the next 12 months. The global hotel operator will open new properties in UAE, Qatar, Oman and Saudi Arabia. The new hotels will add
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