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Dubai commences construction of the world’s tallest tower

Dubai Creek harbour

The foundation of a new iconic structure has been laid out by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai. Expected to be completed by 2020, ‘The Tower at Dubai Creek Harbour’ project will be the tallest tower in the world. H.H. Sheikh Hamdan bin Mohammed Read more

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DP World’s multi-million dollar investment to collaborate with Hyperloop One

DP World

In order to support the U based company, Hyperloop One in its research and development of technology building, DP World will be providing the company with a multi-million dollar investment. DP World will now be a significant investor in Hyperloop One, with the Chairman and CEO of DP World Group, Sultan Ahmed Bin Sulayem being Read more

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Many UAE residents believe that the country’s economy will improve

UAE residents

31 per cent of respondent in a recent survey said that they though their country’s economy is worse toady than tit was six months ago. However, half the respondents from UAE believe that the country’s economy will progress in the next six months. The survey was conducted by YouGov and Bayt.com and had 2,893 respondents Read more

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Drop in oil prices leads to Adnoc integrating offshore oil firms

Adnoc headquarters

Due to the continuous fall in oil prices, Abu Dhabi Marine Operating Company (Adma-Opco) and Zakum Development Company (Zadco) will be combined into a new entity. This was announced on the 4th of October by the Abu Dhabi National Oil Company (Adnoc). This isn’t the only consolidation effort that has happened in Abu Dhabi, in Read more

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Dubai International Airport received 7.7 million passengers in August

Dubai Airport received 7.7 million passengers

According to Dubai Airports monthly traffic report, in the month of August Dubai International Airport (DXB) welcomed a record of 7.7 million passengers, breaking the previous record in July. In July, passenger traffic at DXB was 7,282,256, and in the month of August it reached 7,727,105, showing an increase of 6.1 per cent. The boost Read more

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UAE National Agenda for Youth launched by Mohammed bin Rashid

uae national agenda

A lot of emphasis is placed on the youth of the UAE by Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. They said that the youth will be the strength of the nation and are the drivers of the future and the country’s Read more

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UAE Investors adjust their investment expectations due to the rise in risks

uae invester investment

When it comes to returns, many investors in the UAE have now increased their expectations when it comes to investing. They have also become more aware of the risks that come with making investments and consider the low oil prices as the biggest threat to their investments. An asset manager from an investment management services Read more

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Rise in job opportunities in UAE’s healthcare sector

job medhunt uae

According to a recent report by LinkedIn, the healthcare sector in the UAE is gaining momentum due to improved infrastructure and an increasing base of medical experts. The Industry Talent Report for Healthcare July 2016 for the hospital and healthcare industry in the Middle East revealed that the UAE has the second highest employment growth Read more

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RTA uses 3D printing technology on Dubai Metro

Dubai’s Road and Transport Authority (RTA) has started using advanced 3D printing technology to make parts for subsystems of the of the TVMs (Ticket Vending Machines), ticket gates and other areas of the metro train system. CEO of RTA’s Rail Agency AbdulMohsin Ibrahim Younes said that this type of technology is advancing at a rapid Read more

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Gitex bundled offers now available in all stores across the UAE

gitex 2016

Gitex Shopper has always been an exhibition where people can have a fun experience shopping for the latest electronic gadgets. However, in order to boost sales and provide a more convenient approach to customers, power retailers are now offering the same bundled offers and promotions that are currently available at Gitex Shopper, at their stores Read more