Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has announced the distribution of more than AED 23.4 billion in cash dividends to around 406,000 investors on behalf of listed companies in 2018. The cash dividends paid out by listed companies increased around 5.5% compared AED 22.2 billion in the year 2017. This announcement […]
Dubai Leads World on Cryptocurrency Development Dubai International Digital Asset Exchange, or DBEX, today announced the completion of a pre-A round of investment from 19 leading global and Chinese investors including Sino-Burmese Fund, Hanfor Capital Management and Shangshan Wealth and Investment. The pre-A round investment is worth hundreds of millions of RMB. It is one […]
UAE’s Travel & Tourism Spend to Top $56-B by 2022 Tourism & Travel accounted for 12.1% of the UAE’s GDP in Y 2016 Spending within the UAE’s Travel & Tourism sector is expected to reach over $56-B in Y 2022 as new mega projects come to market, a new study conducted by the Dubai Chamber […]
Safest City in The World: Abu Dhabi Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. With the lowest crime index of just 13.54 in the past six months, and the highest […]
Dubai Backed Hyperloop One Completes Phase 2 Testing The company would open its 1st international office in Dubai in September. Dubai-backed Hyperloop One, the company building the high-speed hyperloop transportation system, has successfully completed the second phase of testing in the Nevada desert, it announced on Wednesday. The company completed Phase 2 testing on 29 […]
Abu Dhabi recorded a remarkable 30 percent increase in the number of hotel guest arrivals this June, compared to the same month in 2016, boosted by an exceptional Eid Al Fitr period, which saw many premium hotels fully booked. In the first six months of 2017, the emirate welcomed more than 2.25 million guests to […]
Abu Dhabi Crown Prince to Meet US President Trump at the White House The 2 leaders will hold a meeting at the White House on 15 May US President Donald Trump will host Sheikh Mohammed bin Zayed al-Nahyan, Crown Prince of Abu Dhabi, for a meeting at the White House on 15 May the White […]
New Mercedes Benz Showroom to be Developed on Abu Dhabi’s Yas Island $DDAIF Construction on the project is scheduled to start in Q-4 Y 2017 Abu Dhabi developer Aldar Properties has signed a partnership agreement with conglomerate Al Fahim Group to develop a new Mercedes-Benz (OTCMKT:DDAIF) and AMG showroom and express service center in Yas […]
UAE stock markets were calm on the last day of April with some shares closing slightly up. A number of brokerage companies have opted for clearing the short positions of their clients with the objective of settling their monthly financial statements before referring them to the Securities and Commodities Authority. While a number of leaders […]
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has discussed with Russian President Vladimir Putin, friendship, cooperation, regional and international issues of mutual interest. This came when the Russian President received His Highness Sheikh Mohamed bin Zayed and accompanying delegation at […]
Real Life Fantasy City, a Visionary Sheik, and Thoroughbred Racing’s New Order It is about the beauty of the horse… Rising from the desert is a real life “City of the Future”, there is something from the Arabian Nights, awe-inspiring, a sleek glass building glows high above the manicured race track below. It is an […]
Abu Dhabi, Dubai Partner with GE for Region’s 1st Microfactories $GE, $ADSK The factories will focus on industrial firms and consumer goods Abu Dhabi state investment firm Mubadala has announced a partnership with Dubai Future Foundation and US conglomerate GE’s (NYSE:GE) additive division to establish the 1st microfactories in the region. The MOU (memorandum of […]
Key Dubai-Abu Dhabi Highway Improvement to Begin Immediately Dubai’s ruler approves $327M of road projects to improve Abu Dhabi traffic flow The Al Yalayis and Al Asayel roads are designed to enhance links between Sheikh Zayed Road, Sheikh Mohammed bin Zayed Road and Emirates Road Vice President and Prime Minister of the UAE and Ruler […]
Dubai: The Hyperloop Race Heats Up This week, Hyperloop Transportation Technologies (HTT) announced that it’s starting construction on its passenger capsule at its research and development facility in Toulouse, France, a sign that the spunky startup might be more than just talk. HTT is working with Carbures S.A., a Spanish company that builds components and […]
Experience Zero-gravity at Ferrari World Abu Dhabi’s Turbo Track $RACE The daredevil ride which opens on 29 March will throw you up and above the theme park’s iconic roof Think about riding a rollercoaster that climbs 64 metres above ground and then dives all the way down at 102km/h. This Ferrari World’s Turbo Track, the […]
Under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and Deputy Supreme Commander of the UAE Armed Forces, Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) celebrated the opening of The Creative Act: Performance, Process, Presence at Manarat Al Saadiyat on Saadiyat Island in Abu Dhabi. […]
New Warner Bros Abu Dhabi Theme Park Set for 2018 Open $TWX The indoor theme park will feature 29 rides and shows Abu Dhabi developer Miral has confirmed that its upcoming Warner Bros, a unit of Time-Warner (NYSE:TWX) theme park remains on track to open in Y 2018. Warner Bros. World Abu Dhabi, an indoor […]
“Turbo Track” Opening at Ferrari World Abu Dhabi $RACE Ferrari World Abu Dhabi has unveiled “Turbo Track”, a new, Hyper roller coaster ride set to open at the end of March 2017. The 3-stage experience, which gives guests an authentic feel of what it’s like to become a Ferrari test driver, is the latest racing […]
Abu Dhabi Horse Racing News: Tadhg O’Shea The Group 3 Al Ruwais, over 1000m, is the highlight at Abu Dhabi Equestrian Club on Sunday, with a select field of seven set to face the starter, including AF Maqayes, the mount of UAE Champion Jockey, Tadhg O’Shea. Homebred by Khalid Khalifa Al Nabooda and trained by […]
New Rides Debut at Ferrari World Abu Dhabi $RACE Miral has announced an array of new experiences, transforming its park into an entirely new Ferrari World Abu Dhabi with a total investment estimating to be Dh700-M, a clear sign of its dedication to the industry. Ferrari World opened in Y 2010 with 24 rides and […]
Abu Dhabi in Talks to Invest in $100-B SoftBank’s Vision Fund $SFTBY, $AAPL, $ORCL, $DB, $UBS Saudi Arabia’s Public Investment Fund is a major backer of the fund Abu Dhabi’s sovereign wealth fund is said to be among the parties in talks to invest in Japanese telecoms group SoftBank’s (OTCMKT:SFTBY)$100-B technology fund. The FT cited people […]
Abu Dhabi Exchange to Introduce Short-selling in Q-1 2017 The move is hoped to help ADX boost liquidity and attract more foreign investors Abu Dhabi’s stock market plans to introduce covered short-selling in Q-1 of Y 2017, its CEO said on Monday, as it seeks to boost liquidity and attract more foreign investors. In covered […]
F1: Abu Dhabi Grand Prix 2016 Qualifying, Hamilton on the Pole $RACE MercedesAMG’s Lewis Hamilton challenged team-mate Nico Rosberg Saturday, as he qualified for the Pole position for the Abu Dhabi Grand Prix with an excellent qualifying performance. The rivals are set to battle it out for the world title in Sunday’s Formula One season […]
MBZAMG’s Lewis Hamilton Edged Nico Rosberg in Abu Dhabi Practice $RACE MBZAMG’s Lewis Hamilton edged Nico Rosberg in Abu Dhabi practice, Ferrari and Red Bull Trailed the Leaders Mr. Hamilton said he can go even quicker after the MercedesAMG driver topped both of Friday’s practice sessions. He came 0.04sec ahead of teammate Nico Rosberg in […]
Abu Dhabi #1 Car License Plate Sold For Dhs31-M ($8.4-M) The number plate was bought by an Emirati businessman A limited edition Abu Dhabi Number 1 car licence plate was sold for Dhs31-M in an auction in the UAE capital on Saturday. The plate was bought by Emirati businessman Abdullah Al Mahri, 32 anni, who […]
Abu Dhabi Host 2019 Special Olympics World Games The Special Olympics World Games happen once every 2 years Abu Dhabi has been chosen to host the 2019 Special Olympics World Games set to be the world’s largest humanitarian and sporting event of Y 2019. The Special Olympics International board voted to award the event to […]
Image Nation Abu Dhabi to Produce 3 Movies this Year The 3 films will be shot on location in the UAE and Oman Image Nation Abu Dhabi will begin production on 3 feature films in Q-4 if Y 2016, it announced. All 3 films will be shot on location in the UAE and Oman, with […]
Dubai, Abu Dhabi Apartment Rents Fall in July $JJL Declines were recorded for all apartment unit sizes last month, according to Bayut.com Apartment rents in Dubai and Abu declined an average of 2 and 6% respectively in July from 1-H of the year, according to Bayut.com. In its monthly report, the property site said the […]
S&P Maintains Strong Abu Dhabi Ratings The agency affirmed its ‘AA’ long-term ratings for the emirate despite low Crude Oil prices Ratings agency S&P has maintained its strong ratings for Abu Dhabi despite the impact of low Crude Oil prices on the Emirate’s economy. In its latest report, S&P affirmed its ‘AA’ long-term and ‘A-1+’ short-term […]
Dubai Rents Fall 6%, Brexit Hits Investor Confidence Regional security and political issues such as Europe usher in wave of uncertainty The price of apartment rents in Dubai fell by 6% in 1-H of Y 2016 as global and political issues hit investor and buyer confidence, a report by real estate website Bayut.com has found. Dubai’s […]
Solar Impulse 2 Completes Historic Round-the-World Flight The Zero-fuel plane landed in Abu Dhabi Tuesday morning, more than a year after setting off from the UAE capital Solar Impulse 2 has completed its round-the-world trip powered only by the Sun after landing at Abu Dhabi’s Al Bateen Airport Tuesday morning. The Zero-fuel aeroplane set off […]
New Magnetic ‘Zipping’ Cars Planned for Abu Dhabi Abu Dhabi’s Miral signs agreement with US-based skyTran for Yas Island Jet-like vehicles running on magnetic lines may soon be deployed in Abu Dhabi’s Yas Island, it was announced Wednesday. Miral, the company that manages Yas Island has signed an agreement with US-based skyTran, a NASA Space […]
UAE Online Platform TV.ae To Help Boost Talent in the Region Marwan Saab, Chief Creative Officer of the newly launched platform TV.ae, is hoping to bring to bring a new generation of Arabic talent to the regional and international stage “I am shocked by the amount of talent in this region,” says Marwan Saab, CCO […]
Worst Behind Abu Dhabi as it Looks to Revive Guggenheim Plans The Chairman of the Emirate’s Department of Economic Development said he expected the plans to be revived amid positive economic growth predictions Abu Dhabi is expected to revive its plans for a Guggenheim Museum next year amid expectations of accelerated economic growth, according to […]
Free Entry to Ferrari World Abu Dhabi this Ramadan $RACE Ferrari World Abu Dhabi introduces free view offer to all comers The world’s 1st and only Ferrari-branded theme park to date will open its gates for all, free of charge, this Ramadan, the theme park announced Saturday. Guests will get the chance to take a […]
Low Crude Oil Prices Changed GCC Spending Diversification is the Key element for GCC countries in the current climate In a global market where the price of Crude Oil per barrel has fallen more than 70% since June 2014, the sharp and prolonged drop in price has wiped $360-B off Gulf Cooperation Council (GCC) members’ […]
Ferrari World Abu Dhabi Planning 3 ‘Never-done-Before’ Rides The very successful Ferrari Theme Park is all set to embark on the 3rd phase of its expansion Ferrari World Abu Dhabi will soon launch 3 “Never-done-Before” rides as part of its 3rd phase of expansion. The theme park, which recently completed the 2nd phase of its […]
Dubai Headed to a Period of Accelerated Growth Dubai is weathering the Crude Oil-led economic slowdown afflicting its GCC neighbors and will enter a period of “rapid acceleration” in the buildup to the Expo 2020 trade fair, the International Monetary Fund says. Speaking to the media, the IMF’s mission chief for the UAE, Zeine Zeidane, […]
Four Seasons Hotel Abu Dhabi Opens The 200-Room hotel is located on Al Maryah Island The third Four Seasons in the United Arab Emirates (UAE), and 1st in Abu Dhabi, saw its 1st guests Thursday. Located on Al Maryah Island, the 200-room hotel adjoins the Abu Dhabi Global Market Square, the UAE capital’s new international […]
Ferrari (NYSE:RACE) to Introduce New Luxury Merch in 2017 $RACE Expect Ferrari (NYSE:RACE) to introduce new luxury merchandise in Y 2017, as the luxury Supercar maker continues to seek new business opportunities beyond its iconic sports and racing cars. The company plans to transform into a luxury brand that does more than sell sports cars […]
Top Locations for Renting, Buying Property in Dubai & Abu Dhabi Despite price declines, yields remained high in both Emirates UAE real estate markets were stable in Q-1 of Y 2016 as major developers continued to launch mega projects, according to property site www.Bayut.com The company said there were welcome signs of recovery in the […]
Warner Bros To Open Mega Theme Park In Abu Dhabi $TWX The $1-B park at Yas Island is scheduled to open in Y 2018 Abu Dhabi will soon open a new $1-B Warner Bros, a unit of Time Warner (NYSE:TWX) themed destination, it was announced Tuesday. Located on Yas Island, the development will include a […]