Abu Dhabi, Dubai hotels top 2019 Eid performance
Abu Dhabi and Dubai hotels recorded occupancy and average daily rate (ADR) that exceeded the 2019 Eid al-Fitr comparables, according to preliminary data from STR, a leading provider of analytics for the global hospitality industry. When looking at the Eid date (May 2, 2022) in the UAE, Abu Dhabi’s hotel occupancy reached 79.1%, which was […]
Eid hotel occupancy rates in Dubai, Abu Dhabi exceed pre-pandemic levels: STR
The UAE’s hotel industry performed better during this year’s Eid Al Fitr holidays compared to 2019, with occupancy and room rates exceeding pre-pandemic levels, according to hospitality consultancy STR. Abu Dhabi hotels had an average occupancy level of 79.1 percent last May 2, which was 4.5 percent higher than the Eid date two years ago […]
UAE: Gold prices slip as dollar recovers; 24K opens at $59.69 per gram in Dubai
Gold prices fell on Wednesday morning as the dollar recovered slightly, piling pressure on greenback-priced bullion along with firm Treasury yields and an aggressive inflation stance by the US Federal Reserve chief. Spot gold dropped 0.25% to $1,810.19 per ounce at 9.15am UAE time. In the UAE, precious metal prices fell in line with global […]
Suhail Al Mazrouei opens 16th Middle East Rail conference
Under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, Suhail Al Mazrouei, Minister of Energy and Infrastructure, accompanied by Shadi Malak, CEO of Etihad Rail, inaugurated the 16th edition of the Middle East Rail conference. Held in partnership with Etihad Rail, the Ministry of Energy […]
UAE: How agriculture improved under the leadership of Sheikh Khalifa
The UAE government, under the leadership of the late Sheikh Khalifa bin Zayed Al Nahyan, supported the agricultural sector with a focus on promoting the cultivation of various food products to improve food security. The UAE is located in an arid zone and desert environment accounts for more than three quarters of its total […]
How Ghadan 21 launched by Sheikh Mohamed protected Abu Dhabi from crises
UAE – Ghadan 21, launched in 2019 by the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ensured that the Emirates’ economy and its people are well-shielded from the internal and external shocks and crises including the Covid-19 pandemic. The Dh50 billion programme supported and delivered the transformation of the Emirate’s economy, knowledge […]
Dubai: New project launches surpass pre-pandemic level in first quarter of 2022
The Dubai real estate market witnessed an uptick in new project launches during the first quarter of 2022 as the emirate emerged as a favourite destination for high net worth individuals, including millionaires and entrepreneurs, following a successful handling of the Covid-19 pandemic, pro-business environment and recent visa reforms, according to a latest report. The […]
Abu Dhabi’s Response Plus Holding swings to Q1 net profit
Response Plus Holding, one of the UAE’s largest providers of healthcare services, on Wednesday said it pivoted to a net profit of 14.31 million dirhams ($3.9 million) in Q1 2022, from a loss of 1 million dirhams in the same period last year. Total revenues stood at 87.7 million dirhams compared with 0.4 million dirhams […]
Demand for office space in Dubai surges as foreign firms expand, relocate staff
Demand for office space in Dubai has surged to a five-year high amid a huge influx of foreign businesses looking to relocate or expand in the UAE, according to the latest data. City-wide office occupancy levels stood at 81 percent during the first quarter of 2022, the highest in the last five years, while rents […]
Dubai-based DEI named Legoland Korea imaging partner
Legoland Korea Resort and DEI (Digiphoto Entertainment Imaging), one of the leading imaging services and solutions providers, announced that the two parties have entered into a multi-year alliance, establishing DEI as the official imaging service sponsor. With this agreement, DEI will become the exclusive service provider of the attraction, capturing guests’ awesome moments with their […]