News Agencies Feed

Stock Market

Air Arabia Abu Dhabi: Etihad, Air Arabia launch new low-cost airline in UAE

A new UAE budget carrier has been launched by Sharjah's Air Arabia and Abu Dhabi's Etihad Aviation Group, further increasing the competition in the aviation sector as well as giving UAE residents an additional economical option to choose from.

The new carrier - called Air Arabia Abu Dhabi - is the fifth airline to operate from the UAE after Emirates, Etihad, flydubai and Air Arabia, serving 9.5 million residents. Based out of Abu Dhabi International Airport, the new carrier will target"...

Continue Reading

Dubai hospital reveals further plans for expansionOctober 19, 2019

American Hospital Dubai has revealed plans for further expand its facilities after increasing capacity in its operating theatres and dialysis centre earlier this year.

The healthcare hub has announced infrastructure upgrades at its main campus located in Oud Metha, with the first phase of the revamp to begin this year.

The expansion plan includes the out-patient area, which will be revamped in phases in order to ensure continuity of the hospital services, a statement said.

It added that the new services"...

Continue Reading

Dubai's trade with Russia grows 25% to $2.5bn in 2018October 19, 2019

Dubai's external trade with Russia has increased by 25 percent to AED9.21 billion ($2.5 billion) in 2018, according to new official figures released by Dubai Customs.

The figures show a 67 percent growth in two years from 2016 to 2018 while trade with Russia in the first six months of 2019 reached AED4.55 billion.

The statistics were released in conjunction with the landmark visit of the Russian President Vladimir Putin to the UAE, and showed that major commodities between the two countries were diamonds, gold, phones, cigars and vehicle spare parts.


Continue Reading

Why time is ticking on US Pavilion plans at Expo 2020 Dubai

US companies must move swiftly to confirm their participation with the US Pavilion at Expo 2020 Dubai and ensure the project is fully funded, according to Steven McCarthy, the chairman and CEO of Além International Management, a US-firm tapped by the State Department as the pavilion’s ‘implementation partner’.

In an exclusive interview with Arabian Business, McCarthy says that, to date, no construction work has been carried out on the American Pavilion at the Expo site.

“It’s possible to get this done still. We’d originally hoped"...

Continue Reading

Dubai's RTA, FedEx ink deal to launch autonomous delivery device

Dubai’s Roads and Transport Authority (RTA) and FedEx Express, a subsidiary of FedEx Corp, have signed an agreement to launch the autonomous delivery device Roxo.

The Dubai launch will be the debut for the autonomous personal delivery device outside of the United States.

Roxo has features including pedestrian-safe technology from the iBot plus advanced technology such as LiDAR and multiple cameras, allowing the zero-emission, battery-powered bot to be aware of its surroundings.

These features"...

Continue Reading

Dubai Chamber expands in China, seeks more technology ties

Dubai Chamber of Commerce and Industry has announced its expansion in China with the opening of a new location in Shenzhen.

The new office will be tasked with exploring business potential in the fast-growing technology and innovation hub and attracting innovative Chinese companies to Dubai.

The team in Shenzhen will identify business opportunities in the city’s high-technology, hardware manufacturing, IT, finance, trade, tourism, maritime and logistics sectors, as well as prospects for Dubai Chamber members and UAE companies to benefit from China’s development"...

Continue Reading

Revealed: the impact of UFC on Abu Dhabi hotel occupancy, rates

The UFC championship fight between Russian star Khabib Nurmagomedov and American Dustin Poirier saw hotel occupancy rates soaring in Abu Dhabi as fans descended on the UAE capital.

According to STR’s preliminary September 2019 data for Abu Dhabi, the market's largest daily increase in occupancy (up 33.1 percent) on September 7, the day of the fight.

The same day saw the second-highest daily jump in revenue per available room (RevPAR) - up by 37.3 percent.

Nurmagomedov, a fan favourite in"...

Continue Reading

Forex News Headline

Continue Reading >

Forex Market News

Continue Reading >

Forex Market Video

Continue Reading>