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DUBAI NEWS

Omniyat Unveils Gleaming Residential Twin-Tower Project In Dubai’s Burj Khalifa District’
Omniyat, a leading development group in the Middle East, unveiled today The Sterling By Omniyat, a gleaming twin-tower project in the prestigious Burj Khalifa District.

The World’s Best Luxury Sedan Arrives In The Middle East - The New Flying Spur V8
The new Flying Spur V8 has arrived at Bentley dealers across the Middle East. The world’s best luxury sedan brings its 4.0-litre twin turbo V8 engine to the market.

Thousands Sign Up As Countdown Begins To Standard Chartered Dubai Marathon 2015
As well as being the richest event of its kind in the world, the Standard Chartered Dubai Marathon was the first Middle East marathon to be awarded Gold Label status from the International Association of Athletics.

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DUBAI FEATURES

Economic Recovery Spurring Solid Growth For Gulf Banks

Gulf banks have shown healthy earnings growth over the last year and a half despite historically low interest rates, said Standard & Poor's Ratings Services in a new report published today, titled "Economic Recovery Spurs Solid Growth For Gulf Banks." Banks in Gulf Cooperation Council (GCC) countries have experienced lower net interest margins, but improving asset quality and falling credit losses have generally offset this. We believe declining credit losses will continue to support GCC banks' earnings throughout 2014, although we expect this effect to be less visible in 2015.



India to top UAE’s export and import destination list by 2030

India is forecasted to be the UAE's top export and import destination by 2030, according the latest HSBC Trade Forecast. In addition to India, the fastest growing export markets for the UAE will be China, Malaysia, Turkey - each of which will see the fastest growth rates between 2017 and 2030. Asia and Turkey will also remain the most important trade partners in terms of imports. Import growth will be fastest for goods originating from China, India, Turkey and Vietnam.



American Express Middle East survey shows significant change in spending habits across MENA region

Nearly two-thirds (59%) of luxury spenders in the MENA region are now choosing to spend more of their money on enriching experiences rather than goods, according to the new American Express Middle East Spending Survey*. This is markedly different from the results of a similar survey carried out by American Express Middle East in 2012, which showed respondents were most likely to spend their disposable income on tangible items such as high-end fashion, electronics and the latest cars.



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ABU DHABI NEWS

Experienced UAE Nationals Invited To Explore A Variety Of Career Opportunities Within du
In line with its mission to support the UAE leaderships vision of gainful employment and career development for UAE nationals.

Cruise Abu Dhabi Steps Up Destination Campaign Industry Leaders Hail ’Transformational’ Abu Dhabi Cruise Terminal
The first dedicated ‘Cruise Abu Dhabi’ international promotion set off under full sail at the Seatrade Med conference and exhibition in Barcelona, Spain affirming the emirate’s commitment to regional cruise development.

Abu Dhabi Aspires To Become One Of The Most Efficient Users Of Water In The World
With Abu Dhabi’s population currently forecasted to exceed five million by 2030, the Emirate’s demand for potable water is expected to double.

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ABU DHABI FEATURES

UAE University ranked among world’s top 400 Universities

The U.A.E. University has been ranked among the best 400 universities, according to the Quacquarelli Symonds (QS) World University Rankings. The QS based its classification on a number of strict requirements, among others, the academic reputation, recruitment and productivity indicators, research, proportion of teaching staff to students, attractiveness of university to professors and foreign students.



SCAD issues quarterly report on non-oil merchandise trade

Statistics Centre - Abu Dhabi (SCAD) has issued its quarterly report on non-oil merchandise trade through the ports of the Emirate of Abu for Q2 2014 to support decision makers and businesses with accurate and up-to-date statistics on the non-oil merchandise that entered or exited the territory of the Emirate of Abu Dhabi through the emirate’s ports (including air, sea and land ports) during the reference period.



ADPC, TCA Abu Dhabi take ’Cruise Abu Dhabi’ international

 The concept design of Abu Dhabi’s planned permanent cruise passenger terminal is to be unveiled later this month at Europe’s most prestigious cruise event, Seatrade Med 2014, from 16-18 September in Barcelona, Spain. The model is being showcased by Abu Dhabi Ports Company (ADPC) following an international design competition and extensive industry stakeholder input. An important element of the competition was the commitment to hire two leading Emirati architectural graduates, to join the project team for the development of the architectural design.



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SHARJAH NEWS

 
Shurooq Promotes Sharjah In Shanghai
The Sharjah Investment and Development Authority (Shurooq) has successfully concluded an investment roadshow to Shanghai China as part of its ongoing strategy to promote the Sharjah as a world-class destination for international investment.

Sharjah Seeks To Benefit From Silk Road Revival
Aiming to better integrate regional economies into China’s global supply chain, Sharjah showcased the key role it can play in the revival of the old ’Silk Road’ at a recent high-profile event held in Xiamen, China.

Sharjah To Launch Middle East Watch And Jewellery Exhibition
Under the auspices of H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the Expo Centre is to organise the 37th Middle East Watch and Jewellery Exhibition to be held from 14th - 18th of October.

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SHARJAH FEATURES

Sharjah seeks to benefit from Silk Road revival

Aiming to better integrate regional economies into China's global supply chain, Sharjah showcased the key role it can play in the revival of the old 'Silk Road' at a recent high-profile event held in Xiamen, China. At the WTCA (World Trade Centers Association Inc) Access China Program's 18th China International Fair for Investment and Trade (CIFIT), Mr. Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah, successfully presented World Trade Centre Sharjah and the Middle East region to the Chinese and international business community.


New book features unique collection of Islamic textiles from Sharjah

One of the world’s most important collections of Islamic textiles from the Sharjah Museum of Islamic Civilisation is being celebrated in a new publication created by Sharjah Museums Department (SMD).



Sharjah Commerce and Tourism Development Authority
Established in 1996 by the Government of Sharjah, the SCTDA has been in the forefront of promoting and taking Sharjah to the world with its relentless efforts and unmatched enthusiasm. The Authority constantly explores possibilities and avenues of promoting and developing tourism and commercial sectors in the emirate through special events, activities and festivals at home and around the world. It pursues its goals by planning and drawing up strategic plans to promote and develop tourism sector in all its forms. It conducts social and economic research and studies as well to evolve its strategies and pursue its goals. And as part of its strategy to promote Sharjah, SCTDA participates in local, regional and international exhibitions, focusing on the factors of distinction and exclusivity.

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