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Dubai sovereign wealth fund ICD’s 2017 profit posts 11.6 pct increase

By   /  June 12, 2018  /  Gulf Countries  /  No Comments

DUBAI, June 12 (Xinhua) –– The Dubai sovereign wealth fund Investment Corporation of Dubai’s (ICD) 2017 net profit represents 11.6 percent increase year on year “despite challenging market conditions,” United Arab Emirates (UAE) state news agency WAM reported on Tuesday. ICD, according to its website, controls stakes in well-known Dubai brands like Emirates Airline and […]

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Address Downtown Dubai hotel reopens after 2015 blaze

By   /  June 4, 2018  /  World  /  No Comments

DUBAI, June 4 (Xinhua) — The Address Downtown Dubai hotel has reopened after more than three years of renovation works following a fire on New Year’s eve in 2015, Emaar Hospitality Group said on Monday in a statement. The hotel is part of the Emaar Hospitality Group, a subsidiary of United Arab Emirates (UAE) developer […]

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Meet Staqu, an Indian startup that will lend credence to Dubai Police in fighting crimes

By   /  May 31, 2018  /  Science & Technology  /  Comments Off on Meet Staqu, an Indian startup that will lend credence to Dubai Police in fighting crimes

Does that look like a racing car to you? It sure is, but that is also the official car of the Dubai Police. And the cops use that to detect, thwart and foil crimes. In a country where spotting a Gold wrapped sports car does not sound surprising, the Dubai Police driving around in a […]

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My Dubai diary: 48 hours in the city that really never sleeps

By   /  May 29, 2018  /  Life & Style  /  No Comments

JEDDAH: I’ve frequently visited the busiest emirate of them all, Dubai, with my family, and specifically my mother. When my superiors came up to me with this trip to Dubai, I was enthusiastic, yes, but I felt there was nothing left for me to discover in Dubai. How terribly presumptuous of me. I checked into […]

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Dubai Int’l Airport to slash annual energy bill by 20 pct

By   /  May 22, 2018  /  Gulf Countries  /  No Comments

DUBAI (Xinhua) — Dubai International Airport (DXB) will use Siemens’ data analytics and smart building technology to guarantee annual energy savings of about 20 percent per year, United Arab Emirates (UAE) state news agency WAM reported Monday. The airport aims to slash energy consumption by implementing energy efficiency measures at Terminal 1, Terminal 2, Terminal […]

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Dubai’s Emirates NBD acquires Turkish lender Denizbank for $3.2 billion

By   /  May 22, 2018  /  Business  /  No Comments

MOSCOW/DUBAI: Dubai’s biggest lender Emirates NBD has agreed to buy Turkey’s Denizbank from Russia’s state-owned Sberbank for $3.2 billion to help establish itself as a leading bank in the Middle East, North Africa and Turkey. Denizbank is the fifth-largest private bank in Turkey and the biggest asset held by Sberbank outside Russia. The sale is […]

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Portuguese designer Tony Miranda heats up AFW

By   /  May 18, 2018  /  Life & Style  /  No Comments

DUBAI: Portuguese designer Tony Miranda brought romance to the catwalk at Arab Fashion Week in Dubai on Friday night. Over the course of his distinguished career, the haute-couture designer has dressed some of the world’s most glamorous women, including Brigitte Bardot, whom he describes as “a woman ahead of her time.” “She had a rebel […]

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Dubai tops Arab world in economic performance

By   /  May 13, 2018  /  Gulf Countries  /  No Comments

DUBAI, May 12 (Xinhua) — An annual report on Dubai’s economic competitiveness ranks the emirate the first in the Arab world and third best globally in terms of “economic performance,” UAE state news agency WAM reported Saturday. The Dubai Competitiveness Report 2018, published by Switzerland-based International Institute for Management Development in cooperation with the Dubai […]

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Ones to watch at Arab Fashion Week in Dubai

By   /  May 10, 2018  /  Life & Style  /  No Comments

DUBAI: Arab Fashion Week in Dubai is well and truly on the road and with 13 designers from around the world taking part, who should you keep on your fashion watchlist? Arab News rounded up the most fearless, innovative and dreamy designers on show at the event, which is set to run until May 12, […]

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Dubai utility inaugurates solar park

By   /  May 7, 2018  /  Business  /  No Comments

Dubai has inaugurated the 200 megawatt (MW) first stage of the 800MW third phase of the Mohammed bin Rashid Al-Maktoum Solar Park. Dubai Electricity & Water Authority (DEWA) is implementing the third phase using the Independent Power Producer (IPP) model. It is is being delivered in partnership with a consortium led by Abu Dhabi Future […]

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