Author: houseman (Page 5 of 5)

07 December 2007

Emirates Business 24/7, touted as the Middle East’s first English language daily dedicated to business and economic news, hits newsstands on December 9. The new daily, launched by publishing giant Arab Media Group, will focus on business-related local, regional and international news, with a focus on sectors and industries such as oil and gas, banking and finance, real estate, technology, telecommunications and travel and tourism, reports Arab News.

“The current economic boom in the region, especially in the UAE, has resulted in an exponential increase in readers’ …

30 November 2007

The United Arab Emirates’ central bank has announced that local banks are allowed to accept deposits in euro, Gulf News reported, adding that the decision represents the first step towards a more efficient monetary policy. So far, the UAE allowed deposits only in the national currency, dirham, or in U.S. dollars. Despite the fact that the dirham is firmly bound to the dollar, the continuous decrease of the U.S. currency against the euro and the rising inflation, whose annual rate is about to reach 10%, has forced …

28 November 2007

Resident and visitors to Dubai will be able to take air taxis soon to beat the regular traffic jams. A private franchise company Cars Taxi will introduce about 10 helicopters to be used as taxis for passengers in Dubai. “We are finalising the plan to introduce helicopter taxi service in the UAE by 2009 and anyone who can afford it will be able to use it,” Abdullah Sultan Al Sabbagh, General Manager of Cars Taxi told the Gulf News. He said that they were negotiating with some …

20 November 2007

Luxury airline Silverjet has begun offering daily flights from the UK to Dubai.

The new service has been described as a landmark for aviation in the United Arab Emirates, as it is the first time a premium carrier has departed from Dubai Airport’s Executive Terminal.

Commenting on the new service, Katherine Gershon of Silverjet said: “The long-awaited London launch has officially arrived and Dubai couldn’t be more excited.”

She added that transport links to Dubai had reached a “whole new level”, as passengers would be able to …