UAE is one of the ideal destinations for expats

expats uae

According to HSBC’s Expat Explorer 2016 survey, there are many career-orientated expats that are continually attracted to the UAE to the country’s economic and political stability. Out of 45 markets around the world, UAE was ranked 12th by expats as the ideal destination to live and work in. In order to comprehensively analyze how expats Read more


Dubai ranked highest in the world visitor spending at $31.3bn

dubai visitors

Dubai has taken the top spot around the world in terms of visitor spending according to the annual MasterCard Global Destinations Cities Index. The country has spent around $31.3 billion due to the anticipated international visitor traffic of 15.27 million this year.  This ranking came as a surprise at this year’s index as the city Read more


UK wants to utilize its strong links with the UAE after Brexit

uae and uk brexit

In order to help improve its economy post-Brexit, UK now wants to create a strong link with the UAE through its strategic partnership with the company. Fox, the UK’s Secretary of State for International Trade, Dr. Liam fox said that the country already has strong ties with the Middle East, especially in the field of Read more


Enoc’s refinery expansion project to cost $1 billion

Enoc’s (Emirates National Oil Company) Jebel Ali refinery facility is said to expand by 70,000 barrels a day, which will cost more than $1 billion. This expansion is projected to be finished during the fourth quarter of 2019 and will be a 50 per cent increase in the refineries capacity. The facility was built in Read more


UAE exports to rise by more than AED1.3 trillion by the end of 2016

By the end of the year, the country’s exports of goods and services is expected to rise according to the Ministry of Economy. There will be a 5 per cent increase from 2015 from AED1.25 trillion to more than AED1.3 trillion. The information was gathered in a report called the ‘Analytical Report on the Monitoring Read more


42% of wealth in the UAE is controlled by millionaires

wealth in uae

The collective assets of millionaires in the UAE are increasing at a continuous pace, representing almost half of the country’s wealth. New World Wealth says that 42 per cent of the county’s fortune is now owned by residents that have a net asset of Dh3.6 million or more. This percentage is relatively higher that the Read more


New Tropical bio dome open in Dubai

bio dome

Dubai City Walk has now opened a four-story tropical rainforest that has the largest manmade tree in the world that is able to support lush, living flora and fauna. This Green Planet is an indoor paradise that has an origami-style glass structure that will not only entertain people, but will also educate them. The universe Read more


Major expansion plan for Khalifa Port

khalifa port with ships

A major plan for expansion for Khalifa Port has been declared by the master developer, operator and manager of the Emirate’s ports and Khalifa Industrial Zone Khalifa Port is one of the fastest developing container, bulk cargo and roll-on roll-off vehicle transport ports in the world and is set to ass 1,000 metres of quay Read more


Deira’s Dh4 billion mega mall details almost finalised

Deira’s Dh4 billion mega mall

Deira Islands is set to have a mega-mall as the final details are coming in place by the master-developer, Nakheel. The mall may become one of the most-coveted contracts Dubai’s construction sector has seen in the short term together with The Tower by Emaar (located at Dubai Creek Harbour) and various other projects such as Read more