Page 10 - Dubai

Barbie's Giant 3D ad in front of Burj Khalifa has social media awestruck

A huge Barbie doll standing close to the Burj Khalifa has turned into a web sensation via social media. The video has gone viral with 3.5 million views on Instagram

Properties in Dubai more affordable than suburban Mumbai: Danube Group

Danube has been holding road shows in Mumbai and Delhi and other metros and also smaller towns such as Bhubaneswar and Srinagar to sell its properties

Dubai's stock market hits an 8-year high, lifted by a real estate boom

Buoyed by a surge in real estate activity, the Dubai Financial Market has reached its highest point in nearly eight years and extended year-to-date gains to nearly 25 per cent. The city-state's bourse peaked at 4,022 on Tuesday before pulling back to 3,986 on Thursday. It's trading at the highest levels since August 2015. This year the Dubai Financial Market has outperformed the S and P 500, which is up nearly 20 per cent, and the MSCI All Country World Index, a benchmark for global equities, which is up 16 per cent. Dubai, a global business hub home to 3.5 million people, weathered the pandemic while keeping its vital tourism industry afloat. The latest real estate boom is driven in part by an influx of Russian investors following Moscow's invasion of Ukraine. Shares of Emaar Properties and Emaar Development led the recent gains following a four-day break for the Muslim holiday of Eid al-Adha at the end of last month. The state-backed developers are behind dozens of high-rise ...

Air India Express flight delayed by 13 hours at Mangaluru airport

An Air India Express flight to Dubai which could not take off from the Mangaluru International Airport (MIA) on Monday due to a technical snag, finally departed on Tuesday afternoon, airport sources said. The flight was scheduled to take off at 11.15 PM on Monday. A total of 161 passengers, who were on the flight, remained stranded at the airport the entire night, causing severe hardship. An alternate flight was arranged from Thiruvananthapuram, which finally took off at 12.20 PM on Tuesday. Of the passengers, seven people departed in other flights owing to the delay, sources said. The passengers reportedly took the airport officials to task for the inordinate delay in the departure of the flight.

IndiGo adds flights to Abu Dhabi, Dubai from Lucknow airport from July 12

IndiGo will add two non-stop daily flights to Abu Dhabi and Dubai from the Lucknow airport starting July 12, officials said on Friday. After the flights to Abu Dhabi and Dubai are added both onward and return the average international flights at the airport will increase from 13 to 17 flights per day, a Chaudhary Charan Singh International Airport (CCSIA) spokesperson said in a statement. "Abu Dhabi will be the new destination for Indigo from Lucknow, while the airline will be re-starting its operations to Dubai from July 12. Last month, Lucknow airport added two flights to Dammam and with addition of four flights to Abu Dhabi and Dubai from next month, the total average international flights will go up to 17 from 13 flights per day," CCSIA said. The daily non-stop flight from Lucknow airport to Abu Dhabi will depart at 18.20 hrs and the Abu Dhabi to Lucknow flight will arrive at 03.25 hrs. The Lucknow-Dubai flight will depart at 13.30 hrs and Dubai-Lucknow flight will arrive at .

Indian among contenders for Dubai's most expensive house for sale

Two people have viewed the home in past three weeks. One is an Indian client who already owns three properties in Emirates Hills; his wife is on the fence, leaning toward something more contemporary

V Jagannathan quits from Board of Star Health and Allied Insurance Company

The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May. "...we wish to inform you that Venkatasamy Jagannathan vide e-mail dated June 10, 2023 has tendered his resignation from the Board of the Company with immediate effect from June 10, 2023," Star Health and Allied Insurance Company Ltd said in a BSE filing on Saturday. Jagannathan, after attaining superannuation from the United India Insurance as its Chairman and Managing Director, founded Star Health and Allied Insurance with the backing of Dubai-based ETA Group. "We started with just 12 people, rented premises with Rs 30,000. Star Health is now valued at more than Rs 30,000 crore," he said. According to company's FY 2021-22 annual rep

Odisha govt wants to boost tourism with launch of direct Int'l flights

With the launch of direct flights connecting Bhubaneswar to Dubai, Bangkok and Singapore under the Viability Gap Funding scheme, the Odisha government is hopeful of doubling its foreign tourist arrivals in the state by 2025 from its pre-pandemic levels, a tourism official said on Monday. A "Viability Gap Funding" (VGF) is a government grant provided to airlines to bridge the gap between the cost of operations and expected revenues. "The target is to double the foreign tourist arrivals by 2025 to 2.5 lakh from the pre-Covid peak of 1.2 lakh witnessed in 2019," Sachin Jadhav, Director of Tourism Odisha, said. The Odisha government has allocated Rs 660 crore in its budget for the current financial year for the tourism sector. With the launch of direct flights with these three cities, we expect a surge in international tourists taking onward flights to Odisha, Jadhav said during the Odisha Tourism Roadshow here. We have shown a more proactive approach in starting direct flights to ...

India emerges as key source country for FDI into Dubai, says report

India has emerged as a key source country for Foreign Direct Investment (FDI) in Dubai, one of the wealthiest of the seven emirates in the United Arab Emirates, according to a report released on Monday. It ranked among the top five source countries for announced FDI projects and estimated FDI capital, according to a report released by "fDi Markets', a service from UK's Financial Times Ltd. With 77.5 per cent of greenfield projects, the top sectors by FDI projects from India into Dubai in 2022 were software & IT services (32 per cent), business services (19 per cent), consumer products (9 per cent), real estate (6 per cent), and financial services (5 per cent). Meanwhile, the top sectors by FDI capital from India into Dubai in 2022 were consumer products (28 per cent), software & IT services (20 per cent), communications (19 per cent), pharmaceuticals (8 per cent), and business services (8 per cent). Apart from maintaining its first rank as a destination city for FDI from ...

Micky Jagtiani, founder of retail giant Landmark Group, passes away at 70

Jagtiani was originally from India and started the business in 1973 with one store in Bahrain

Gem export promotion council launches India jewellery exhibition in Dubai

Gem and Jewellery Export Promotion Council on Tuesday launched India Jewellery Exposition Centre, a 365-day exhibition platform, in Dubai to commemorate the first anniversary of the Comprehensive Economic Partnership Agreement. "CEPA is one of the most ambitious pacts. India's exports to UAE have exceeded USD 30 billion, with gems and jewellery and plastics deriving benefits from lower-priced inputs. GJEPC (Gem and Jewellery Export Promotion Council) has set up IJEX and I see tremendous value in such initiatives. "CEPA will accelerate business momentum and is expected to transform the scale and scope of bilateral partnerships," Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar said in a statement. The Comprehensive Economic Partnership Agreement (CEPA) has been a boon to the bilateral trade relations between the two nations, with India-UAE trade growing by 16 per cent to reach USD 84.5 billion in 2022-23 from USD 72.9 billion the previous year.

612,000 Indians visited Dubai during Jan-Mar quarter, up by 62% YoY

Dubai hosted 6.12 lakh visitors from India during the January-March quarter this year, a sharp uptick of 62.76 per cent compared to the same period last year, Dubai's Department of Economy and Tourism (DET) said. The Middle East country had hosted 3.76 lakh visitors from India during the corresponding quarter in 2022, according to the latest data published by DET. Overall, Dubai welcomed 46.7 lakh international overnight visitors in the first quarter of 2023, compared to 39.7 lakh tourists during the same period in 2022, marking a 17 per cent YoY growth. "The remarkable growth in international visitation achieved in the first quarter of 2023 demonstrates the city's emergence as one of the key destinations leading the way in the rebound of the global tourism sector," Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, said. He said, the Dubai Economic Agenda charts an ambitious new path for Dubai to enhance its ...

Air India increases number of daily flights to Dubai from Delhi, Mumbai

Air India on Wednesday said it has increased the number of daily flights to Dubai from the national capital and Mumbai as part of the network alignment process between the airline and Air India Express. In the current summer schedule, Air India has ramped up frequency to operate up to 10x daily flights between Delhi and Dubai in both directions, including a new flight that will start from April 29. Between Mumbai and Dubai, the airline now operates up to 6x daily flights in both directions. For most of the week, this means eight flights a day each way to Dubai from the cities, it said in a release. "This optimisation of Air India's flight schedule for Dubai is part of the ongoing network alignment between Air India and Air India Express, achieving synergy by densifying presence on the routes that are more commercially viable and reducing frequencies on overlapping routes," it added. Twin aisle Boeing 787-8 Dreamliners and Airbus A320/321 aircraft are deployed for operating flights

Dubai-bound aircraft catches fire in engine after taking off from Nepal

A Fly Dubai aircraft with nearly 150 people on board on Monday reported fire in one of its engines soon after taking off from the Tribhuvan International Airport here, according to airport sources. The aircraft heading towards Dubai returned back and was trying to force land at the airport, they said. Fire engines are kept on alert at the airport, according to sources. There are more than 150 people on board including 50 Nepali passengers. Eye-witnesses said they have seen aircraft catching fire in the Kathmandu sky.

India Accelerator announces Dubai foray, will invest $20 mn in start-ups

Incubator will provide start-up founders with four-month training in business growth

Dubai court rejects Sanjay Shah's appeal in fraud case; to extradite him

The Dubai Court of Cassation has rejected the appeal of British-Indian Sanjay Shah, who is wanted by Danish authorities on charges of money laundering and committing tax fraud to the tune of $1.7 bn

Indigo announces flight services to Dubai from Bhubaneswar from May 15

No-frills carrier IndiGo on Saturday announced starting flight services to Dubai from Bhubaneswar's Biju Patnaik International Airport on May 15 and unveiled plans to connect Odisha's capital city with Singapore and Bangkok going forward. The airline, in a statement, said it has opened bookings for the Bhubaneswar-Dubai flight services, which will be operated three times a week. IndiGo said it is "working in close collaboration" with the Odisha government to commence international operations from Bhubaneswar which will strengthen air connectivity from the state capital. The maiden international flight from Bhubaneswar will take off from Biju Patnaik International Airport on May 15, IndiGo said in the statement. International flight operations will also commence from Bhubaneswar to two more destinations - Singapore and Bangkok for which slots and other operational requirements are being finalised, it stated. According to the airline, direct connectivity to aviation hubs like Dubai,

Emergency at Delhi Airport following bird-hit incident on cargo flight

Authorities at the Delhi Airport declared emergency on Saturday after a Dubai-bound FedEx aircraft suffered a bird hit soon after take off

How to set up a family office abroad? More wealthy Indians want to know

For Indians, Dubai and Singapore are popular destinations. Significantly, Singapore recently opened an agency to welcome family wealth management firms

Adani Group to hold fixed-income road shows in London, Dubai, US in March

Adani group management, including group Chief Financial Officer Jugeshinder Singh, will attend the road shows which will run between March 7 to March 15, the document showed