Union Properties’ first quarter net profits soared to AED 179.79 million from AED 21.91 million a year ago, helped by proceeds from the sale of non-strategic assets as well as the rollback of its liabilities.
The Iranian government will use Kish Island as a testing ground for foreign investment and tourism initiatives, according to a businessman from the free trade zone.
The EU-UAE visa waiver agreement may be ratified by the end of this year or the beginning of next year, whereby Emiratis would no longer require a visa for short stays (up to 90 days) in the Schengen countries, whether for business, tourist or family visit purposes, officials said.
Ras Al Khaimah is expected to see visitor numbers go up 50% to around 1.9 million this year, from 1.24 million in 2013, according to Steven Rice, CEO of Ras Al Khaimah Tourism Development Authority.
It's the weekend in Cairo and the city's upper crust is letting loose at The Garden, one of the latest night-time spots to open in the Egyptian capital. But behind the whirls, twirls and clinking of glasses is some serious investment.