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    Dubai hotels see occupancy, rates decline in July

    Dubai's hospitality sector reported declines across key performance metrics in July with the steepest fall recorded in revenue per available room (RevPAR), which fell 14.7 per cent to Dh309.76 ($84.3) year-on-year, said a report.

    Average daily rate (ADR) dropped 11.5 per cent to Dh471.25 ($128.2) and occupancy levels slipped 3.6 per cent to 65.7 per cent, said a preliminary report released by STR, a hotel data benchmarking company.

    Dubai’s hotel performance continues to be affected by supply expansion, it said.

    STR"...

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    Abu Dhabi cable car project 'still under study'August 17, 2017

    Abu Dhabi City Municipality (ADM) has said that the project to install a cable car at Al Maqtaa and develop Al Bahya Corniche is still under study and is yet to be awarded, according to a Wam news agency report.

    The Department of Municipal Affairs and Transport of ADM indicated that the cable car (Teleferic) project is part of a portfolio of proposed projects and future investment opportunities in Abu Dhabi, the report said.

    It forms part of the futuristic vision of the capital city and suburban areas comprising modern structures as well as multiple recreational, residential and service facilities. When the project enters the final approval stage, it will be announced officially in the media, it"...

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    Schlumberger Announces Third-Quarter 2017 Results Conference Call

    Schlumberger Announces Third-Quarter 2017 Results Conference CallAugust 17, 2017

    Schlumberger Limited (NYSE:SLB) will hold a conference call on October 20, 2017 to discuss the results for the third quarter ending September 30, 2017.

    The conference call is scheduled to begin at 8:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.

    To access the conference call, listeners should contact the Conference Call Operator at +1 (800) 288-8967 within North America or +1 (612) 333-4911 outside of North America approximately 10 minutes prior to the start of the call, and ask for the “Schlumberger Earnings"...

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    Jafza attracts 267 new companies during H1, 2017

    The Dubai-based Jebel Ali Free Zone, Jafza, attracted 267 new companies from 48 countries around the world, in first half (H1) of 2017, marking a growth of 6 percent compared to the same period last year Maintaining its position as a preferred investment destination for large-scale industrial and commercial projects coming into the UAE, the free zone also leased more than 340,000 square metres of space for as facilities for a variety of sectors and industries during the period. Plots of land were most in demand with 318,000 square meters, with 11,500 square meters of warehousing space, over 2,000 square metres of office space and 3,700 square metres in showrooms.

    Sultan"...

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    Gate Avenue, The Exchange Building to open in H1 2018

    The Dubai International Financial Centre (DIFC) on Wednesday said its two new buildings costing a total of Dh1.18 billion will open doors for tenants in the first-half of next year, also boasting over 99 per cent of occupancy in existing DIFC-owned buildings.

    Spread over 660,000sqft, the Dh1-billion Gate Avenue will be linking the entire developments within the free zone and is slated to open in the second-quarter [of 2018], housing over 200 food and beverages, boutique, retail and fashion brands.

    While The Exchange Building, which will house Nasdaq Dubai stock exchange"...

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    4 ways to stay in fashion, without buying new clothes

    Keeping up with the trend doesn't always have mean spending money.

    Fashion changes from season to season, but buying new clothes accordingly may not be realistic. Jessica Smit, the blogger behind www.foxesandfood.com, shares some ways to revamp your wardrobe without spending too much.


    Get old clothes fixed: Have a stitch out of place in your favourite pair of jeans? Broke a heel? Just get it fixed by a local tailor or cobbler, respectively. Not only will it be returned good as new, it'll save you money in the long run. There are also loads of places like across"...

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    E-commerce in the UAE: is 2017 the year it finally takes off?

    2017 has been hailed by many as the coming of age year for e-commerce in the UAE and the wider region. Emaar Properties chairman Mohamed Alabbar got the ball rolling in November last year with the unveiling of Noon, a $1 billion e-commerce venture offering 20 million items for sale in the UAE and Saudi Arabia, due for launch in early 2017. In March, e-commerce giant Amazon acquired Souq.com, the region's largest e-commerce venture, for $580 million, prompting customers to dream about a vast range of consumer goods and services all available via a tap, click or swipe. The arrival of Noon and Amazon on the scene in 2017 may have a seismic impact on the e-commerce sector; consultants AT Kearney expects e-commerce in the UAE to grow at a compound annual growth rate for 25 per cent per year up to 2020, with Frost and Sullivan estimating the market could be worth up to $10bn by next year. 'Anyone who executes the correct way in the next couple of years can get into the big league,' reckons Pratik Gupta, co-founder of Wadi.com, an online market platform that launched with great fanfare in Saudi Arabia and the UAE in 2015. Online shopping in the UAE is nothing new UAE retailers......

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