GUANGZHOU, China, April 18, 2017 /PRNewswire/ — The 39th China International Furniture Fair (Guangzhou) (CIFF), which ran from March 18-21 and March 28-31, received 191,950 professional visitors from more than 200 countries and regions around the world, a 13.7 percent year-on-year increase. A comprehensive lineup of furniture industry players CIFF (Guangzhou) showcased a comprehensive lineup […]Read more
NEW YORK, April 18, 2017 /PRNewswire/ — Evercore (NYSE: EVR) announced today that Waleed El-Amir has joined the Firm’s Investment Banking business as a Senior Advisor for the Middle East, Africa and Turkey. Evercore expects to open a new office in Dubai early in the second quarter of 2017. Mr. El-Amir has over 20 years […]Read more
شنجن، الصين، 18 نيسان/أبريل، 2017 / بي آر نيوزواير / — أعلنت زي تي إي كوربوريشن (0763.HK / 000063.SZ)، وهي مزود دولي رئيسي للاتصالات وحلول تقنية الشركات والمستهلكين للإنترنت الجوال، عن نسبة ارتفاع بلغت 27.8% في أرباحها للربع الأول من العام مع زيادة الشركة لمبيعاتها من حلول الشبكات والهواتف الذكية. وقد ارتفع صافي الربح العائد […]Read more
ABU DHABI, — With the blessing of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, witnessed the celebration of the UAE’s sporting family to…Read more
DUBAI, � The Arabian Travel Market, ATM, 2017, the region’s leading travel industry showcase, will open its doors on 24th April for business networking opportunities, insightful seminar sessions and top level ministerial discussions.
Now in its 24th year, this year’s edition, which takes place at Dubai World Trade Centre from 24th to 27th April, will welcome over 2,600 exhibitors and an expected 30,000 visitors to the largest travel trade event in the Middle East.
For the second successive year, organisers have added an extra hall to accommodate the event’s demand, with over 150 countries represented, 65 national pavilions, and more than 100 new exhibitors set to make their ATM debut.
“It is clear that the Expo 2020 project is driving growth throughout Dubai, as it aims to complete 160,000 hotel rooms in time to welcome an additional five million visitors over the course of the six-month event. However, the UAE and the GCC countries as a whole are looking towards tourism as a way of diversifying their economies away from their reliance on hydrocarbon receipts,” said Simon Press, Senior Exhibition Director, ATM.
“The increasing trend is for an immersive style of tourism, which encompasses different areas of local life � culinary, culture, history, shopping, nature, sports, halal, theme parks, wellness and spa, medical tourism and sheer Arabic opulence � and can be the basis for a holistic travel experience, by connecting with a place rather than just making a visit,” he added.
“This growing trend is now on the radar of the region’s tourism chiefs as destinations face increased competition for their share of the more traditional travel segments. And it is very much on the radar of Arabia Travel Market 2017, which has adopted experiential travel as the main theme of this year’s event, integrating it across all show verticals and many activities, including focussed seminars and roundtable events.”
New to ATM 2017, ILTM Arabia will host to one-to-one, pre-scheduled appointments between suppliers of luxury products and destinations from around the world to an audience of high net worth individuals.
While marketing to experiential travellers will be an integral part of the ATM Travel Tech seminar programme, there will also be a series of seminars, including a look at the role of Expo 2020 in delivering the UAE government’s long-term vision for economic diversification. Just three years away, high level stakeholders will take part in a panel discussion about the upcoming event.
Source: Emirates News AgencyRead more
DUBAI, — The second annual general meeting of Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties, today approved a proposal by the Board of Directors to distribute 10 per cent of the share capital, equivalent to AED1.301 billion (US$354 million), as cash dividend to the shareholders.
Emaar Malls said it had recorded a net profit of AED1.874 billion (US$ 510 million) and revenue of AED3.227 billion (US$879 million) in 2016. The shopping malls assets of Emaar Malls � The Dubai Mall, Dubai Marina Mall, Souk Al Bahar, Gold & Diamond Park and the community shopping centres – welcomed 125 million visitors during 2016, with gross leasable area (GLA) occupancy levels averaging at 96 per cent.
With a GLA of about 6 million sq ft in Dubai, Emaar Malls is expanding The Dubai Mall’s Fashion Avenue by another one million sq ft built-up area. New retail and leisure opportunities are being created for retailers and customers with the Boulevard, Fountain Views and Zabeel expansions of The Dubai Mall.
Emaar Malls is also developing dedicated retail precincts in Dubai Creek Harbour and Dubai Hills Estate. Several community mall projects are also being planned to serve Emaar’s integrated lifestyle developments.
Shareholders of Emaar Malls are requested to update their contact details and addresses with the Dubai Financial Market (DFM) to make sure the dividends are received appropriately, as the payment will be made through DFM.
The assembly also elected a Board of Directors comprising seven members: Mohamed Alabbar, Ahmad Al Matrooshi, Abdulrahman Al Hareb, Abdulla Belyoahah, Helal Saeed Almarri, Mohamed Al Hussaini, and Ali Ibrahim Mohamed Ismail.
A special resolution was passed by the AGM approving the change in number of Board members from nine to seven.
The AGM also approved the report of the Board of Directors on the activities and financial position of the company as well as the auditor’s report and the company’s balance sheet for the fiscal year ending December 31, 2016. Ernst & Young was chosen as the auditor for 2017.
Addressing the shareholders, Mohamed Alabbar, Chairman of Emaar Malls and Emaar Properties, said the success of Emaar Malls is led by the UAE’s robust growth and the vision of Vice President, Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to establish the nation as a smart hub for trade and commerce.
“We are driving our growth with our focus on delivering enhanced retail experiences for our customers. We are investing in new and advanced technologies that will create all-encompassing experiences for our customers and contributing to sustained value for our shareholders.”
He added, “We will strengthen our malls assets with the expansion of The Dubai Mall and the development of retail districts in Dubai Hills Estate and Dubai Creek Harbour, which are designed for the new generation of tech-savvy, trend-conscious customers.” WAM/ MMYS
Source: Emirates News AgencyRead more
DUBAI, — Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, today launched the National Strategy for Empowering People with Disabilities, during his visit to Ministry of Community Developme…Read more