Category Archives : News

Home  /  News

UAE foreign Investments rise to $9.6B

The increased international investment of UAE as influenced by well-developed infrastructure, strategic location, and tax-fee base contributes to the movement of its rank to 14th position in the latest AT Kearny Global Foreign Direct Investment Confidence Index (FDICI). The capacity of the country to attract investors in is improving despite…

New Affordable but Elegant Hotel, Launched in Dubai

Dubai Inn is the new hotel brand that was launched by Emaar Properties and Meraas Holding that will target affordable travel sector in support to the Dubai Tourism Vision 2020. The new hotels which will be located in several locations around Dubai are expected to create a new experience of…

850km Cycling network across Dubai

The Roads and Transport Authority (RTA) of Dubai is determined to stretch the network of cycling tracks to 850 kilometers across the length and breadth within the city in the next few years to encourage eco-friendly and healthy means of transport. Due to the increasing demands for more cycling tracks,…

Dubai’s GDP booms in the 4th quarter of 2011

An increase of 5.3 per cent of the real gross domestic product (GDP) of Dubai over the fourth quarter of 2011 reflects the outcome of the growth of construction and manufacturing. In addition to transport and storage, wholesale and retail trade, real estate, and the financial sector which altogether contributed…

Majid Al Futtaim Plans To Invest Dh3b For Dubai Businesses

Majid Al Futtaim has announced its plans to invest Dh3 billion to extend and enhance its Dubai businesses over the next five years. The plans will include two new hotels, improving two existing hotels, augmentation to its flagship Mall of the Emirates and Diera City Center shopping malls; opening four…