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    Minister of Economy opens 14th International Property Show

    Sultan bin Saeed Al Mansouri, Minister of Economy, inaugurated today the highly-anticipated 14th edition of the International Property Show (IPS) at the Dubai International Convention and Exhibition Centre, in the presence of Majida Ali Rashid, Assistant Director General and Head of the Real Estate Investment Management and Promotion Center at Dubai Land Department,DLD, and Dawood Al Shezawi, Head of the Dubai Property Festival Organising Committee.

    This year, the festival also features ‘Country"...

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    Kanoo Group finds balance between boring and exciting, chairman saysApril 21, 2018

    Boring may not be the first thing that comes to mind when thinking of growing a business.

    But it does play an integral part of the thinking of the Kanoo Group, one of the UAE’s biggest family conglomerates that is grooming itself for expansion and getting a professional management to run the business while family members take care of shareholder issues.

    “In any business you need exciting and you always need boring,” says chairman Mishal Kanoo, a fourth generation member of the family.


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    Hyperloop investment to be recovered in 10-15 years, says chairmanApril 21, 2018

    The planned hyperloop system in Abu Dhabi may be able to recoup the required investment in a time frame of as little as 10 to 15 years, according to Bibop Gresta, the chairman of HyperloopTT.

    On Wednesday, HyperloopTT announced that it signed an agreement with Aldar Properties to allow the company to begin construction of a Hyperloop system in Aldar’s Seih Al Sdeirah landbank in Abu Dhabi, located near the emirate’s border with Dubai and the Expo 2020 site and Al Maktoum International Airport.

    Construction will start on revolutionary transport system in Aldar's"...

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    Du announces new budget smartphone offer

    Dubai-based telecom provider recently announced its new Budget Smartphone Offer, which will allow companies to buy affordable devices for their employees through easy interest-free instalment plans of 12 or 24 months.

    The instalments start from Dh10 per month ($2.72) and with zero upfront payments on selected budget 4G smartphones. With this special offer, du aims to provide innovative products that enable productivity and mobility at an affordable price, catering to the needs of business owners in the UAE.

    “Our new Budget Smartphone Offer reflects our continued efforts to support SMEs in the UAE by helping them keep their employees connected with smartphones, and in turn improving their"...

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    BMW Group posts record sales growth in Q1

    The BMW Group has achieved its best ever first-quarter sales with a total of 604,629 BMW, Mini and Rolls-Royce vehicles delivered to customers, up 3 per cent over last year. This is the first time the company has sold over 600,000 vehicles this early in a year.

    This year March was the company’s best-ever single month for sales, with a total of 256,162 (+0.5 per cent) vehicles delivered, said a statement from the company.

    BMW Group sales for the month were slightly affected by a sandstorm, which has delayed shipping of around 5,000 cars awaiting onward transport from the German port of Cuxhaven. As the situation at the port is still being assessed, it is likely that the April sales result"...

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    IHG, Al-Futtaim to debut Staybridge Suites in Dubai

    InterContinental Hotels Group (IHG) has strengthened its partnership with Al-Futtaim with the opening of the Holiday Inn Dubai Festival City and the signing of a management agreement for Staybridge Suites Dubai Festival City, the company announced on Thursday.

    The 508-room Holiday Inn Festival City is the largest Holiday Inn in Dubai, and features three F&B outlets, four meeting rooms and a 200-seat conference room at a location 10 minutes away from Dubai International Airport.

    The new 160-room Starbridge Suites hotel will add a new brand to IHG and Al-Futtaim’s"...

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    Ras Al Khaimah reports record hotel occupancy in Q1

    Hotel occupancies in Ras Al Khaimah averaged 79.4 percent in Q1 2018, the emirate’s highest ever hotel occupancies in a quarter, according to officials from the Ras Al Khaimah Tourism Development Authority (RAKTDA).

    The figures represent a 4 percent increase over the same period in 2017.

    According to RAKTDA, overall visitor numbers rose 12 percent in the first quarter compared to 2017. This increase was largely driven by an 18 percent year-on-year increase in international visitors, which now account for 70 percent of all visitors in RAK.


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