Sunday, November 24

Tag: uae

More than 50 hotels united for Ramadan drive by Marriott’s Business Council in the UAE this year – Business Traveller
10Apr By adminNo Comments
Travel

More than 50 hotels united for Ramadan drive by Marriott’s Business Council in the UAE this year – Business Traveller

As part of its ongoing commitment to give back to the community, Marriott International Hotels in the UAE came together during Ramadan to help provide over 12,000 meals across the community. More than 50 hotels collaborated with The Giving Family, Dubai Municipality and Emirates Red Crescent on a number of initiatives, and the company also celebrated its annual Iftar for Cabs initiative in the UAE. The initiatives were organised by Marriott’s Business Council in the UAE. Pam Wilby, chair of Marriott Business Council UAE and multi-property general manager of Grosvenor House, a Luxury Collection Hotel and Le Royal Meridien Beach Resort & Spa, said: “We are grateful for the opportunity to contribute to the well-being of our communities through our initiatives. Our initiatives during the...
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Department of Culture and Tourism – Abu Dhabi to deliver Tourism Strategy 2030, to attract over 39 million visitors and contribute Dhs90 billion to UAE GDP
3Apr By adminNo Comments
Travel

Department of Culture and Tourism – Abu Dhabi to deliver Tourism Strategy 2030, to attract over 39 million visitors and contribute Dhs90 billion to UAE GDP

The first pillar, Offering and City Activation, looks to further enhance the overall guest experience by unveiling additional cultural sites, theme parks, retails offerings and new hotel chains. Overall boosting the emirate’s events calendar of year-round concerts, festivals, and family events. The dining landscape will diversify significantly, offering expanded options including the introduction of culinary schools and training programmes. DCT Abu Dhabi will also more than double its Promotion and Marketing efforts, expanding its international reach from 11 to 26 markets and enhancing synergy within Abu Dhabi’s tourism ecosystem. It will also establish strategic global partnerships with media outlets and well-known brands for high-profile collaborations, creating compelling, market-spec...
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India’s outward FDI falls 12.14% to $1.88 bn in October: RBI data
13Nov By adminNo Comments
Business

India’s outward FDI falls 12.14% to $1.88 bn in October: RBI data

Reflecting slack in global economic growth, India’s outward foreign direct investment (FDI) commitments fell by 12.14 per cent sequentially to $1.88 billion in October, compared to over $2.14 billion in September. They also saw over $2.66 billion in October 2022, according to Reserve Bank of India (RBI) data. Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees. A slowdown in economic and business activities, especially in developed markets, has impacted direct investment flows, both inbound and outbound. Most investments (outward FDI) are in subsidiaries or stakes in foreign companies. A slowdown in the developed markets means fewer opportunities, according to bankers. Just like the weak outbound FDI numb...
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Flydubai CEO calls for ‘open skies’ arrangement between UAE and India – Business Traveller
20Sep By adminNo Comments
Travel

Flydubai CEO calls for ‘open skies’ arrangement between UAE and India – Business Traveller

Ghaith Al Ghaith, chief executive officer at Dubai-based carrier flydubai, has called for an ‘open skies’ agreement between India and the UAE. He pointed out to the benefits that such an agreement could have for the aviation sector of both countries. “India is a huge market for us. We should have an open skies arrangement between us and India. Especially now with the India and UAE partnership leading to the creation of a trade corridor, aviation should also be liberated too. If that happens the potential is endless,” said Al Ghaith on Tuesday at a press briefing that Business Traveller Middle East attended. He added that the UAE and Sri Lanka are in the process of concluding “a very aggressive open skies policy”. His remarks come as the airline reported that it carried more than four mil...
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Flydubai first UAE carrier to operate direct flights to Mombasa – Business Traveller
1Sep By adminNo Comments
Travel

Flydubai first UAE carrier to operate direct flights to Mombasa – Business Traveller

Flydubai has announced the launch of flights to Mombasa from January 17, 2024. The Dubai-based carrier will become the first national carrier to operate direct flights from Dubai as well as the UAE to the coastal city in Kenya. Flights to Moi International Airport (MBA) will operate four times a week from Terminal 3 at Dubai International (DXB). Emirates will codeshare on this route. The schedule of the flights is below: Flight Number Departure Airport Arrival Airport Departure Time Arrival Time FZ  1289 Wednesday and Sundays DXB MBA 09:20 13:55 FZ  1290 Wednesday and Sundays MBA DXB 14:55 21:25 FZ  1289 Mondays and Fridays DXB MBA 16:00 20:25 FZ  1290 Mondays and Fridays MBA DXB 21:25 03:55   With the launch of operations to Mombasa, flydubai will grow its network in Afric...
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RBI, Central Bank of UAE sign two MoUs for trade in local currencies
15Jul By adminNo Comments
Business

RBI, Central Bank of UAE sign two MoUs for trade in local currencies

The Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) signed two Memoranda of Understandings (MoUs) in Abu Dhabi on Saturday to establish a framework to promote settle bilateral trade in respective local currencies, that Indian Rupee and UAE Dirham (AED) and interlinking payments and messaging system. The first MoU, which on establishing a framework for the use of local currencies for transactions between India and UAE, aims to put in place a Local Currency Settlement System (LCSS) to promote the use of INR and AED bilaterally. “This will boost the trade between the two countries, it will be cost effective and the settlement will be much faster,” RBI governor said in an interview to state-run television channel Doordarshan. The MoU covers all curr...
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