dubai

Dubai’s 2015 Non-Oil Foreign Trade Down 3.6%, Records $350.5 Billion

By Leila Hatoum DUBAI March 29: Dubai’s 2015 non-oil foreign trade slightly dropped to AED 1.283 trillion ($350.5 billion), a 3.6 percent decrease from the previous year, the emirate’s official numbers showed on Tuesday. This is the first recorded drop in Dubai’s non hydrocarbon foreign trade in seven years, when the global financial crisis impacted the

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Russia Tries To Decipher Crash Plane Pilots’ Final Conversations

MOSCOW, March 21  – Russian investigators on Monday were trying to restore the damaged cockpit voice recorder of a passenger jet which crashed at the weekend killing all 62 people onboard, in an effort to understand why it had tried to land in strong winds. The Boeing 737-800, operated by Dubai-based budget carrier Flydubai, crashed

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Plane Crashes in Russia, All 61 People on Board Killed

By Lidia Kelly and Christian Lowe MOSCOW, March 19  – Russian officials said on Saturday that all 61 people on board a passenger jet flying from Dubai to southern Russia were killed when their plane crashed as it tried to land. Russia’s emergencies ministry said the aircraft, a Boeing 737-800, crashed at 03:50 (0030 GMT)

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Digitized Businesses Enjoy Lower Trade Costs, Faster Transactions: Report

By Leila Hatoum Digitizing businesses across the world could help as many as 350 million more businesses export their goods and services for the first time through digital commerce, which would add up to $29 trillion to the digital economy in the next 10 years, according to specialists quoted in “Future of Trade” report. “The

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Want to be Happy, Tolerant, Young? UAE Has a Ministry For That

DUBAI, Feb 10  – It sounds a bit New Age, but the United Arab Emirates has just appointed state ministers for happiness, tolerance and youth. Sheikh Mohammed bin Rashid Al Maktoum, the UAE prime minister who is also the ruler of Dubai, announced the new lineup on Wednesday via his official Twitter account. It is apparently

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Dubai Airport 2015 Traffic Up 10.7 pct, World’s Busiest

By Nadia Saleem DUBAI, Feb 1 (Reuters) – Dubai International Airport remained the world’s busiest for international passengers in 2015 as traffic grew 10.7 percent, boosted by the addition of new airlines and routes, the airport’s operator said on Monday. Annual traffic rose to 78 million passengers from 70.5 million in 2014. In the month

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Big, Bigger, Best

Mega GCC airport developments key to global aviation growth By Ghassan Amhaz With more than 3.7 billion passengers expected to traverse the skies across the world in 2016, airport expansion becomes imperative. The Middle East, namely Gulf Cooperation Council member states, have been ramping up their spending on development projects including ambitious aviation-related plans. Spending on

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Dubai’s Address Hotel Fire Caused by Short Circuit

By Sylvia Westall DUBAI, Jan 20 – The fire which engulfed one of Dubai’s most prominent hotel skyscrapers ahead of New Year fireworks was caused by an electrical short-circuit, Dubai’s police chief said on Wednesday. In a presentation to media, police officials said there had been no trace of any flammable liquids such as petrol

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Captain Emirates: Flying High

Emirates airlines expects higher profits, no planned IPO – Chairman By MOHAMMAD SALMAN IQBAL and LEILA HATOUM Sitting behind his desk checking his computer, Sheikh Ahmed bin Saeed Al Maktoum has little time to spare. The dynamic sheikh is, after all, the head of numerous high-profile government conglomerates in Dubai, prompting him to stay up to date with

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Totally Covered

Emaar chief: Insurance to cover loss of revenue due to the Address Downtown fire BY LEILA HATOUM Dubai’s real estate developer, Emaar Properties PJSC “will not” suffer from financial losses, after a fire engulfed its iconic downtown Address Hotel on New Year’s Eve, and the company is adamant at “restoring the hotel to its former

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