The Gulf is set for more financial turbulence if the oil price doesn’t increase soon. That’s the word from financial services experts Standard & Poor's in their latest report. They say restraints on oil and gas prices have steered the GCC into an environment marked by weakening economic growth. The report’s economic projections for the GCC reflect a 2% decline in GDP growth for 2015 when compared to 2014.
Etihad CEO says 'First Class' remains main focus, not 'premium economy'
Etihad Airways CEO, Antonoaldo Neves, has confirmed that "Premium Economy" is not on the cards for the national carrier, despite competition in the market, as it remains focused on delivering "First Class" experience for its passengers.
Masdar expands clean energy partnership in Azerbaijan
Abu Dhabi Future Energy Company – Masdar, has signed an agreement with Azerbaijan Green Energy Company to explore the development of new renewable energy projects in Azerbaijan.
UAE tourism ready to bounce 'back stronger', says minister
The UAE is set to boost the tourism economy with a special focus on the domestic sector over the next three months, announced Minister of Economy and Tourism, Abdulla bin Touq Al Marri, as the industry bounces back stronger.
'Factory Forward UAE' to boost industrial competitiveness
The UAE has unveiled a new initiative to help factories adopt advanced technology and become more competitive.
Miral to invest over AED 12 billion in Yas Island over five years
Miral, Abu Dhabi's leading creator of immersive destinations and experiences, will invest more than AED 12 billion in new developments and enhancements across Yas Island over the next five years.
