ARTE market at Oasis Mall

Visit ARTE – The makers market at Oasis Mall, Shk. Zayed road on 6th May and experience unique handmade collections by UAE artisans.

ARTE market at Oasis Mall

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CARL COX and ART DEPARTMENT at Blue Marlin Ibiza UAE

WWW.DISCOSLIST.COM

OH YES OH YES!

One of the most charming DJs in the business. A musical ambassador and a veteran of acid house, a champion of techno, a dance music pioneer, label owner, King of Ibiza – you name it, CARL COX!

Also known as “the world’s greatest DJ,” he never lost sight of his passions – playing music, breaking tunes and celebrating life!

If you’ve listened to any techno music over the past decade, then you’ve surely noticed that Carl Cox’s DNA is all over it. Ever since he got his hands on a set of turntables at age 15, Cox has been in demand for as long as techno music has been in the limelight. While many DJs have since risen in popularity, Cox’s relentless love for the music and sheer drive sets him apart from his peers, as does the fact that he is a master of three-deck wizardry.

Joining Carl on our terrace is no other than Art Department.

The infamous electronic music act has seen almost unparalleled success within the world of dance music in recent years. Canadian Jonny White, acting Head of No.19 Music, is now the lone force behind the influential project that began as a collaborative effort with long time friend Kenny Glasgow in 2009.

CARL COX and ART DEPARTMENT at Blue Marlin Ibiza UAE

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Cinco De Mayo

Join us in celebrating our Mexican neighbors on the 5th of May/Cinco De Mayo, for a night of great Latin food, drinks and hospitality. For reservations please call 04-514 8774.

Cinco De Mayo

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Revealed: The most popular mall in Dubai this summer

Dubai Summer Surprises (DSS), the annual shopping festival, successfully positions Dubai as an international summer destination with a fantastic line-up of surprises, enjoyment and entertainment and this is evident from the social media conversations around the event globally.

According to Meltwater, a global media intelligence firm, an analysis of social media reactions on DSS shows that not only people in UAE and other Arab countries were engaged with the festival, but also people from different regions in the world like India, Australia, UK and US as well.

An analysis of the comments on Twitter and Facebook, using Meltwater’s social media monitoring and analysis tools, since the beginning of DSS on July 9, reveals that 65 per cent of the conversations were in the UAE, followed by US at 21 per cent; and India, UK and Australia all recording 3 per cent conversations each.

 

The highest amount of conversations about DSS 2016 took place on Twitter (53.95 per cent) followed by Facebook at (33.26 per cent) and the most engaged conversationalists were women (75.56 per cent).

The most mentioned local malls this year for DSS were ‘Dubai Mall’, followed by ‘Mall of the Emirates’ and ‘Mirdif City Centre Mall’.

The keywords monitored for this search: Dubai Summer Surprises, MYDSS and Dubai Summer Surprises.

“Analysis of social media conversations help organisers of major events like DSS to track the effectiveness and reach of their marketing and communication programmes. Based on the results, they can refine their programmes to reach out to markets that are responding more positively and step up efforts to attract visitors from other countries too,” says Adele Coelho, Head of Marketing, India, Middle East & Africa at Meltwater.

 

Source:: Emirates 247

Revealed: The most popular mall in Dubai this summer

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How Dubai is furthering the region's green agenda

In April, the World Meteorological Organisation (WMO), a United Nations body, released its latest ‘Status of the Global Climate’ report, which detailed the string of climate and weather records that were broken in 2015 worldwide.

Given the upward trend we’ve seen in recent years, it’s unsurprising that 2015 shattered all previous records, including global temperature records, with exceptional rainfall, devastating droughts, unusual cyclone activity and intense heatwaves around the world.

“The year 2015 will stand out in the historical record of the global climate in many ways,” said WMO experts. These shocking statistics serve as a timely and critical reminder of the sheer scale of destruction climate change is having on our planet and the stark outlook for its future. It is imperative that action is taken now.

Finding solutions to these problems is not always clear, particularly when improving energy security and addressing climate change may seem to be two conflicting goals. Countries are challenged with achieving reliable and affordable energy supplies, while at the same time reducing emissions into the atmosphere. In December 2015, a historic agreement to combat climate change was reached at COP21, also known as the 2015 Paris Climate Conference.

For the first time in over 20 years of UN negotiations, all 195 country members reached a universal agreement on climate change, with the aim of keeping global warming below 2°C. As a member of the UNFCCC, the GCC has pledged to implement a number of green initiatives to drive the global green agenda which include; renewable energy initiatives, R&D in technology, water conservation and energy efficiency improvements.

More recently, in April this year, representatives of States from all around the world, visited New York to sign the original text of the Paris agreement on Climate Change which was first adopted at December’s Conference of the Parties (COP) 2015. Some 171 countries signed the landmark deal, which sets the ambitious goal of limiting warming to below 2 degrees Celsius; a record number for a new international treaty.

The participation of states this time around was truly overwhelming and proved the willingness of parties to commit to common processes which will in turn lead to the agreement at an international level. However, for the agreement to come into force, 55 states need to accept the agreement and those 55 ratifications need to come from States that represent 55 per cent of total greenhouse gas emissions. This is also against the World Bank’s estimate that over the next 15 years, the global economy will require $89 trillion in infrastructure investments and $4.1 trillion in incremental investment for the low-carbon transition to keep within the new international sub-2 degrees Celsius goal.

Following the landmark Paris COP21 meetings, a further meeting of the Conference of Parties (COP22) with the UNFCCC will be held in Marrakech, Morocco, in November this year, at which many of the top decisions struck in the French capital will be fleshed out into action plans. This includes continued work on the determined commitments for reducing country carbon emissions and an even stronger emphasis on the action plans for regions, cities, businesses and the civil society, where the World Green Economy Summit 2016 will be a key contributing platform.

For two years now, Dubai has hosted the World Green Economy Summit (WGES) to continue its steady and forward march aiming to achieve its ambition to become “The Global Capital of the Green Economy”, facilitate a platform for green leaders to come together to discuss partnerships and develop cleaner and green initiatives to create a sustainable future. This year WGES 2016, under the new theme of ‘Driving the Global Green Economy’, will help the region follow up on commitments made through the Dubai Declaration and create strong links to the UN Climate Agreement 2015 and the Sustainable Development Goals 2030 following the directions set at COP22 in Marrakech.

Dubai is taking major strides to drive the green economy, with a series of initiatives announced over the past 12 months. In November 2015, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai, announced the launch of Dubai’s Clean Energy Strategy 2050, which sets a target for the provision of 7 per cent of Dubai’s energy from clean energy sources by 2020, increasing to 25 per cent by 2030 and 75 per cent by 2050.

To further the region’s green economy, Dewa announced in January 2016 that it has opened consultancy tenders for a Dh100 billion green fund – the Dubai Green Fund. As part of the region’s wider green energy investment programme, the “Dubai Green Fund” will provide financing for investors in Dubai’s clean energy, and affirms the Emirate’s commitment towards pioneering green initiatives and sustainability.

In addition to the Green Fund, Dubai’s Clean Energy Strategy 2050 will also see the planned capacity of Dubai’s Mohammed bin Rashid Al Maktoum Solar Park upgraded to 5,000 megawatts from 3,000MW previously. The Solar Park, which is the largest single-site strategic renewable energy project of its kind in the world, is a testament to the region’s commitment to building and developing a greener economy, to achieve the UAE Vision 2021 of a truly sustainable environment with the lowest carbon footprint in the world.

We are very proud of the UAE’s achievements. We have accomplished significant success in photovoltaic energy. Energy, sustainability and new sources of power are all themes that are on the global agenda, as the world faces growing challenges with fluctuating oil prices. We have identified sustainability as a key theme in our upcoming Dubai Expo 2020 in recognising the undisputable fact that all economies have to focus on green strategies.

2016 is a pivotal year for Dubai and its continuation of green industry development. With the announcement of Dubai’s Clean Energy Strategy 2050, the initiatives related to water and energy management programmes will get additional momentum and really showcase the regions ability to have a green voice on a global level. This year, Dubai’s World Green Economy Summit (WGES), will be the perfect platform for the region to showcase how far it’s come in just two years and shine a spotlight on exciting plans for the future.

The author is Vice Chairman of the Dubai Supreme Council of Energy, MD and CEO of Dubai Water and Electricity Authority and Chairman of World Green Economy Summit.

 

Source:: Emirates 247

How Dubai is furthering the region's green agenda

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Life comes a full circle for Nakheel; Declares itself debt-free

Dubai-based master developer Nakheel will be completely debt-free following full payment of its Dh4.4 billion trade creditor sukuk when it matures on Thursday (August 25, 2016), the firm said in a statement today.

The developer of the world’s largest manmade islands, the Palm islands in Dubai, was in the midst of an elaborate debt restructuring exercise that began in August 2011. The developer has now said that all creditor obligations have been fulfilled, with this scheduled payment marking the end of the company’s financial restructuring.

“In six years since, since March 2010, Nakheel has achieved what some considered impossible: completion – ahead of time – of one of the largest, most complex financial restructuring exercises, followed by the successful execution of a new business plan that placed us on a new path to growth,” said Ali Rashid Lootah, Chairman of Nakheel.

“As we close the curtain on our restructuring programme, we look forward to starting a fresh chapter in which we are stronger and more resilient than ever,” he said.

Nakheel was among the Dubai developers that were impacted due to a global credit crunch in 2008/09, and the subsequent decline in the emirate’s property prices.

However, with Dubai and the UAE’s property sector rebounding handsomely from those lows in the last six years, Nakheel has achieved its restructuring goals ahead of time

Two years ago, on August 21, 2014, Nakheel had prepaid all Dh7.9bn of its bank debt – four years before the scheduled repayment date.

“Today is undoubtedly one of the biggest milestones in our history,” Lootah said, adding that the firm was thankful to its trade creditors, lenders, investors, business partners and regulatory authorities who trusted and supported it throughout, and played a significant role in the successful implementation of the business plan adopted in August 2011.

Nakheel’s debt-restructuring milestones:

• Meeting the restructuring plan targets two years ahead of the scheduled five year implementation programme, with savings of Dh25 billion;

• Repaying all Dh7.9 billion of its bank debt four years ahead of the scheduled repayment date (final payment made on 21 August 2014);

• Year-on-year profit growth (2010: Dh0.96 billion; 2011: Dh1.28 billion; 2012: Dh2.02 billion; 2013: Dh2.57 billion; 2014: Dh3.68 billion; 2015: Dh4.38 billion);

• Boosting the local economy by making payments of Dh38 billion to various creditors and contractors, and awarding contracts worth Dh22 billion for project construction and operational matters

• Launching more than 70 new projects – ranging from neighbourhood retail centres to entire new communities – some of which are completed and operational while others are in various stages of development

• Handing over 9,132 villas and apartments, and a further 1,923 land units to customers; and

• Diversifying Nakheel’s business to increase cash-generating assets.

 

Source:: Emirates 247

Life comes a full circle for Nakheel; Declares itself debt-free

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Jewel Corner Opens 36th GCC store in BurJuman, Dubai

Jewel Corner, a UAE based company, opened its 36th store in one of the oldest and prestigious malls, BurJuman Centre on August 18, 2016, according to a company statement. The jewellery kiosk is installed at a prominent place in the renovated north wing of BurJuman Centre thereby achieving maximum visibility.

This particular section of BurJuman Centre attracts immense footfall because of its proximity to the metro station, cafes and hypermarket. Its strategic location in Bur Dubai not only attracts huge traffic from the nearby residences but also tourists. Jewel Corner’s designs are attractively priced and also meet the gifting demand in the GCC region. The company has an award winning design team that crafts world-class designs that are well received by its customers. With upcoming festive seasons, the store is expected to perform well.

Jewel Corner stands for high quality gold, diamond and precious stone jewellery. Each piece is supported with a certificate of authentication, certifying the quality of the stones. Rihen Mehta, Chairman, 7Cs group says, “We are very excited about the new store in Dubai and we see it as a great achievement. In our experience, the success of a jewellery store is in delivering a range of products at an affordable price. There is a lot of demand for branded jewellery wear in the value segment. The store in Burjuman Centre is the 36th store in GCC and with this, we hope to spread the joy of ‘box of happiness’ to many more customers.”

Jewel Corner also has a customer friendly online store, www.jewelcorner.com, which is a shopping destination for those who want to shop anytime and from any place of their choice. The website provides 360 degree view of the Jewel Corner products which greatly facilitates the buying decision.

 

Source:: Emirates 247

Jewel Corner Opens 36th GCC store in BurJuman, Dubai

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