Category: News

ABU DHABI, President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President of Kazakhstan Kassym-Jomart Tokayev on the occasion of his country’s Republic Day.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, dispatched a similar message to President Tokayev and to Kazakh Prime Minister Alikhan Smailov on the occasion.

Source: Emirates News Agency

DUBAI, The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the fifth auction of the Treasury Bonds programme (T-Bonds), which is part of the AED9 billion T-Bond issuance programme for 2022 as published in the T-Bonds calendar earlier this year.

The fifth auction of the UAE T-Bond programme witnessed a strong demand through the six primary bank dealers, with bids received worth AED7.57 billion, and an over-subscription by 5.0x. The strong demand was across both tranches with a final allocation of AED750 million for the 2-year tranche and AED750 million for the 3-year tranche, with a total of AED1.5 billion issued in the third auction.

The success is reflected in the attractive market driven price, which was achieved by a spread of a 17bps over US Treasuries for two years, and a spread of 8 bps over US Treasuries for 3 years. The fifth auction followed the practice of re-opening the T-Bonds which helps in building up the size of individual bond issues over time and improve liquidity in the secondary market.

The T-Bonds programme will contribute in building the UAE dirham denominated yield curve, strengthening the local debt capital market, developing the investment environment, providing safe investment alternatives for investors, as well as supporting sustainable economic growth.

Source: Emirates News Agency

DUBAI, Global Village, the region’s leading family destination for culture, shopping, and entertainment, opens its doors tomorrow, 25 October at 6.00 pm, marking the official start of its 27th season.

This year, Global Village brings together 27 pavilions, over 3,500 shopping outlets and more than 250 restaurants, cafes, and street food options. Featuring 40,000 shows, guests can experience a new lineup of some of the world’s best performers, famous characters, world-class concerts, street entertainment and the region’s only water-based stunt show. More than 175 rides, games and attractions are also available for guests to enjoy, including the new Global Village Big Balloon, a one-of-its-kind Helium Balloon Ride providing spectacular 360-degree views across Global Village and its wider surroundings.

Mohamed Sharaf, Chief Operating Officer of Dubai Holding Entertainment, said, “Global Village has been a regional and international phenomenon for close to three decades, helping cement Dubai as a global hub for entertainment and tourism. Since the end of Season 26, our teams have been using guest feedback and data to find new and unique ways to take the guest experience to the next level. This would not be possible without our extraordinary teams and partners, who work tirelessly to bring the beautiful cultures of the world to Dubai’s Global Village. We are delighted to welcome our guests from across the globe to the 27th Season of Global Village with another unmissable line-up of attractions, shopping, dining, and entertainment experiences.”

Celebrating the opening of Season 27, Global Village is bringing a unique fleet of some of the world’s most recognisable and iconic cars to the streets of Dubai. The Global Village “wonder rides” feature taxis from New York, Cuba, Japan, Thailand, Mexico, and Lebanon. Global Village will also be inviting guests to enjoy fun back-seat themed challenges, inspired by the host country of each cab. Anyone who spots one of the Global Village wonder rides can take a photo, post it on their social media channels, tag #WonderRides and stand a chance to win some exciting prizes.

New attractions in Season 27 include the Global Village Big Balloon, House of Fear, the scariest haunted house in the region and Diggers Lab, a hydraulic digger experience located at the entrance of Carnaval. The first Ripley’s Believe It or Not! Odditorium in the MENA region returns to Global Village for its 4th year and welcomes over 50 new exhibits, and the new Hero’s Gallery.

The Season 27 entertainment line-up features a range of fan favourites, globally renowned performers, a new stunt show, famous characters, world-class concerts and street entertainment. Guests can see over 400 performers from 40 different countries, with over 200 performances every night.

Guests will be able to choose from over 250 restaurants, cafes and street food options, with a range of new concepts and upgraded dining options bringing the flavours of the world to Global Village. New this season, guests can experience high-end cuisine in four beautifully designed double-storey restaurants, overlooking Dragon Lake.

New pavilions from Qatar and Oman add to the excitement of the unique shopping experience at the 27th season of Global Village that has 27 pavilions in total. Guests can also shop at the Road of Asia, a new pedestrian street featuring 43 kiosks from 13 Asian countries with authentic products from Sri Lanka, Indonesia, Cambodia, Malaysia, Brunei, Laos, Hong Kong, Taiwan, Vietnam, Nepal, Bhutan, Myanmar, and the Philippines.

Global Village will welcome its first guests from 18:00 on 25th October. From Wednesday 26th October, the Park is open daily Sunday to Thursday from 16:00 until midnight. On Friday, Saturday, and public holidays, opening hours are 16:00 until 1:00. Entry gates are closed half an hour before Global Village’s closing time. Tuesdays are exclusively reserved for ladies and families except on public holidays and the season opening day, Tuesday 25th October.

Source: Emirates News Agency

Logis, an agri-logistic free trade zone that is being constructed in Panama. Once completed, Logis will be the largest free trade zone of its kind in Central and Latin America.

The MoU will see DMCC and Logis work together to exchange knowledge and expertise to support the continued development of thriving commodities marketplaces in both free zones.

The MoU was signed by Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, and Sandro Salsano, President of Salsano Group and majority shareholder of Logis. The in person signing ceremony took place on 24th of October 2022 in the presence of senior executives from DMCC and Logis.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “This partnership with Logis is a major opportunity to open a vibrant new trade corridor with Latin America. Panama stands as the gateway between Central and South America and Logis is perfectly positioned to host the largest free zone of its kind in the region especially where agriculture commodities trade is concerned. We are therefore hugely excited about bringing our mutual experiences to the table and moving this relationship forward over the next few years.”

Sandro Salsano, President of Salsano Group and majority shareholder of Logis, said, ”It is a great honor to partner with the leading number 1 ranked Free Trade Zone in the world. I have known Ahmed and his team for many years. I admire his vision, leadership and his team’s execution skills. Salsano Group also plans to expand in the Middle East and we are excited to partner with a strategic market leader like DMCC.”

The MoU will also see DMCC and Logis explore opportunities to expand trade between the members of their respective free zones. Both parties will also share market insights, analysis, and forecasts to support the development of commodities trading in both free zones.

Source: Emirates News Agency

DUBAI, dnata Travel Group brands have won seven accolades at the Middle East edition of the World Travel Awards for 2022.

Representing the Travel division of dnata, a leading global air and travel services provider, titles earned by dnata Travel Group include: Middle East’s Leading Airline GSA 2022 (dnata Representation Services), Middle East’s Leading Corporate Travel Company 2022 (dnata Travel Management), Bahrain’s Leading Travel Management Company 2022 (dnata Travel Management), and Saudi Arabia’s Leading Travel Agency 2022 (dnata Travel).

A highlight for the Group at the prestigious travel industry awards this year includes the success of Arabian Adventures across three categories for a third consecutive year, including the UAE’s Leading Destination Management Company 2022, UAE’s Leading Desert Safari Company 2022, and UAE’s Leading Tour Operator 2022.

Arabian Adventures also recently secured a Tripadvisor Traveller’s Choice Award for 2022, acknowledging its desert safari and city experiences as a top thing to do for travellers to the UAE. The award is based on great reviews and opinions collected from travellers worldwide. Arabian Adventures is growing its team and core offering which also includes cruise handling and event services, with an exciting range of new products and enhancements to its existing range set to be launched throughout the 2022/23 winter season.

John Bevan, Divisional Senior Vice President, dnata Travel Group, commented, “dnata Travel Group brands across the Middle East support local travellers and travel companies with every need, including leisure and corporate travel services, quality local representation services for a host of worldwide hotels and airlines, and more. The annual World Travel Awards are recognised globally, and we are proud to have been acknowledged here as we continue to innovate and grow to support the local market and beyond with an ever-evolving range of award-winning travel services.”

The World Travel Awards serves to acknowledge, reward and celebrate excellence across all sectors of the travel, tourism and hospitality industries. The awards are voted on by travel and tourism professionals worldwide.

Source: Emirates News Agency

DUBAI, The UAE Badminton Federation has announced the signing of a cooperation agreement with several strategic partners strengthening its vision of inspiring generations and producing badminton champions.

Sheikh Mana Bin Hasher Al Maktoum Medical Complex and Xtra Sports Academy were announced as the federation’s medical and academy partners after they signed an agreement at an event in Dubai on Sunday.

In the coming time, the federation plans to sign more partnerships with various entities and companies to support various tournaments and develop the game across the UAE.

Noura Al Jasmi, Chairman of the Board of Directors of the UAE Badminton Federation, welcomed the strategic partners on board and expressed the federation’s eagerness to work towards the development of its players and the sport.

She also confirmed that the federation is coordinating work and cooperating with all partners to develop the work system and attract more players participating in various tournaments, as well as providing support and facilities for them.

Delighted by the association, Dr. Mohamed Al-Masry, Chairman of Board of Directors of Sheikh Mana Bin Hasher Al Maktoum Medical Complex, shared that the facility will provide full medical coverage and support to the badminton players. “Through this association, we will be providing medical check-up, rehabilitation, medical intervention, pre-identification, and assessment etc. to the players before and during competitions. We are very thrilled about this association and wishing the federation the very best.”

Meanwhile, Xtra Sports Academy Director Rasi Bala added, “Xtra Sports Academy has facilities across the UAE, and we are very excited to be associated with the National Federation and offer these facilities to their players. Like any other sport, in badminton we need to find the talents from school level and train them. So, this association will help the sport grow in the country.”

Ahead of the signing ceremony, a medical examination was conducted on all the players present during the event by MMC Polyclinic to know their fitness level and to support them in their overall health in their training and tournaments.

The highlight of the day was a strategic stakeholders’ workshop held in the presence of representatives of the General Sports Authority, the Dubai Sports Council, the Special Olympics, and the strategic partners.

Emphasis was placed on how to inspire new generations to the game, and to make its heroes, as well as discussing the working relationship between the Federation and the partners.

Al Jasmi explained that the workshop was held with the strategic partners, during which a detailed presentation was also made by all the committees of the Federation on its mechanism of work in promoting the game.

Source: Emirates News Agency