Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Thursday, May 10, 2012

Saudi business mood remains strong Local firms expect higher oil prices in Q2 while business expansion plans slip

Saudi Arabia’s companies remain optimistic about business in the second quarter as most of them expect oil prices to climb further on Iran tensions despite a slight decline in business expansion plans.
While the business optimism index (BOI) of the Gulf Kingdom’s largest bank edges down slightly in the non-oil sector, it gains three points in the hydrocarbon sector, according to the survey sent to Emirates 24/7.

The business environment in Saudi Arabia remains supportive. 33% of the respondents in the non-hydrocarbon sector have said that they do not expect any negative factors to influence their business operations in the second quarter of 2012 compared to 31% in the first quarter of 2012,” National Commercial Bank (NCB) said in its Q2 BOI survey, which is conducted in collaboration with Dun & Bradstreet, a global business information firm.



It said shortage of skilled labor is the most important concern for the respondents, with 28% citing it accordingly, while availability of finance will prove to be a worry for 14% of the respondents. Inflationary pressures will impact nine% of the businesses, it added.

The report showed business expansion plans have weakened in Q2 2012 compared to a quarter ago, with 40% of the non-hydrocarbon companies saying they would invest in business expansion in Q2 2012. It showed the number has decreased from 60% in Q1 2012.

The survey showed Saudi Arabia’s hydrocarbon sector optimism has improved in Q2 2012 with the overall BOI composite score for the sector standing 43, three points higher than the score in Q1 2012, due to higher BOI scores for all three parameters.

With respect to the Level of Selling Prices parameter, 53% of the respondents to the survey expect oil prices to rise further and 37% anticipate that prices will remain unchanged in Q2. About 10% of the respondents anticipate a drop in prices in Q2 2012.

“The majority of respondents expect prices to increase as geopolitical tensions with respect to Iran’s nuclear program continue to dominate sentiment in the crude market,” NCB said.

Turning to the non-oil sector, the survey showed Saudi business sentiments in Q2 remain steady with respect to the previous quarter.

The composite index for the non-hydrocarbon sector stands at 52 in Q2 2012, just two points lower compared to the index score in the first quarter of 2012. “The Saudi economy’s growth will continue to be driven by public sector spending and increased bank lending. One of the fastest growing sectors is expected to be construction, the main beneficiary of government spending.”

The report showed related sectors like suppliers of raw materials and services

will also gain from the high level of government spending.

It said public spending is seen as the key driver of non-oil economic growth in the current fiscal year to counteract the dampening impact of factors external to the Saudi economy such as geo-political tensions in the MENA region and the debt situation in Europe.

Recession in Europe will not only impact oil demand and oil prices, but will also hurt the Kingdom’s non-oil exports to the continent, it added.

“Growth in 2012 is expected to be lower than in 2011 due to a weaker global economy and lower oil output,” NCB said, noting that Saudi Arabia recorded a real GDP growth rate of 6.77% in 2011.

The manufacturing sector recorded one of the strongest growths among all sectors at 12.37%, followed by the construction sector at 11.62%.

“The BOI survey reveals a steady composite index, as businesses and consumers remain assured by the government’s commitment to support the economy despite a weak global environment,” it said.

“All six parameters show a sideways movement in their index values for Q2 2012, with marginal increases or decreases.”

UAE economy gains over $62bn Western report attributes rise to high oil prices and production

High oil prices and production boosted the UAE’s economy by more than $62 billion in 2011 in current prices and maintained its position as the second largest in the Middle East after Saudi Arabia, according to a Western report.
After contracting by around $44 billion in 2009 because of lower crude prices in the aftermath of the 2008 global fiscal distress, the country’s nominal GDP rebounded by about $30bn in 2011 before swelling by nearly $62.6bn in 2011, showed the report by the Institute for International Finance (IKIF).

From around $300.1bn in 2010, GDP soared to $362.7bn last year and is projected to gain pace to reach £384.7bn in 2012 before rising to an all-time high of around $389.1bnin 2013, IIF said.


The report showed the surge in 2011 was a result of a sharp rise in the hydrocarbon sector to nearly $156.7bn from $102bn in 2010.

It said the sector soared after Brent crude prices climbed to their highest average of $110.9 a barrel last year from $80.2 in 2010 while the UAE’s crude output increased to 2.55m bpd from 2.39mbpd.

The Washington-based IIF said higher prices and output boosted the country’s total exports to a record high of $289.7bn in 2011 from $229.4bnin 2010. Oil and gas exports jumped to $130.7bn from 85.8bn.

Despite a surge in the country’s imports to $213bnlast year from $170bn in 2010, the current account surplus swelled to its highest level of around $37.6bn in 2011 from $18bn in 2010, the report said.

The report showed higher current account boosted the UAE’s official reserves to $36bn from $32bn and the assets of its sovereign wealth funds to an all-time high of $520bn from $462bn. It projected those assets to hit a new record of $578bn this year and $630bn in 2913.

Taqa to start work on Dutch gas project

Abu Dhabi National Energy Co. (Taqa) will begin work on the delayed Dutch Bergermeer gas project in July after winning approval from the country's highest administrative court to start operations, it said on Wednesday.

The joint venture project with EBN, an independent company with the Dutch State as its sole shareholder, was suspended due to environmental concerns, with the administrative court asking for additional tests to be done.


"The decision of the Council of State is the final stage of a transparent and meticulous process in which environmental concerns have been of the absolute highest priority," Taqa said.

Taqa, which is 75-per cent owned by the government of Abu Dhabi, said ten of the eleven competent authorities had earlier approved the project, including the national parliament.

"Taqa will shortly commence preparatory work. Work on the well site will start after the meadow birds breeding season (in July)," the company said.

Taqa and EBN will invest more than 800 million euros ($1.06 billion)in the drilling of 14 new wells, the construction of the gas treatment installation in Alkmaar and the intervening pipelines.

With a working volume of 4.1 billion cubic metres (the average annual gas consumption of 2.5 million households in the Netherlands), the Bergermeer facility will be the largest accessible gas storage facility in Europe.

It is a key part of Netherlands' ambition to become a gas hub once it stops exporting gas in 2025.

In December, Taqa said it secured three energy firms as launch customers for the Bergermeer facility.

Taqa, which owns assets in Canada and Europe, sold a 650 million ringgit ($215 million) denominated Islamic bond or sukuk in February as part of plans to diversify its funding sources.

Hormuz pipeline to export in 3 months UAE oil minister says pipeline will initially operate at 1.4mbpd

The UAE's strategic oil pipeline for bypassing the Strait of Hormuz is complete and exports are expected to start within three months, UAE Oil Minister Mohammed Al Hamli said on Thursday.
Initially operating at a rate of 1.4 million barrels per day (bpd), the pipeline should offer the Gulf producer an alternative route out of the narrow strait.
The UAE has run tests on the pipeline, which has faced lengthy delays over a quality dispute with the Chinese company that built it.

"The pipeline is complete and now it's being tested," Hamli told an energy conference in Paris. He told Reuters later that exports are expected to start by August.


"It's filled with crude now and exports will start within three months," he said.

"It's important to diversify and ease the traffic in the Strait of Hormuz," said the UAE oil minister.

The pipeline links the Habshan oilfields to the port of Fujairah - an increasingly important oil storage terminal outside the Strait of Hormuz on the Gulf of Oman.

Hamli said the capacity of the line could rise to 1.8 million bpd.

The UAE is now producing about 2.6 million bpd and has a production capacity of around 2.7 million bpd.

The oil flowing through the pipe from Abu Dhabi will be mainly exported by ship but a portion will be used by a refinery at Fujairah.

Etihad cuts fares up to 25% to Europe, Asia

Etihad Airways, the national airline of the UAE, has slashed airfares by up to 25 per cent for 26 markets around the globe, said a press statement on Tuesday.
The airfares are applicable on Coral Economy and Pearl Business Class bookings made between May 1 and May 4, for travel between May 1 and May 31, 2012. All travel must be completed by May 31, the airline said in a statement sent to Emirates 24|7.



The reduced fares are available for purchase in: Bahrain; Bangladesh; Belgium; Cyprus; Germany; Iraq; Ireland; Italy; Jordan; the Kingdom of Saudi Arabia (Dammam only); Korea; Kuwait; Lebanon; Malaysia; Maldives; Morocco; Nepal; Oman; Pakistan; Qatar; South Africa; Sudan; Switzerland; Thailand; the UAE, and the United Kingdom. Applicable destinations will vary by market.

Peter Baumgartner, Etihad Airways’ Chief Commercial Officer, said: “Savvy travellers understand that the period just before the summer holiday season is the perfect time to book a great value getaway. We are pleased to offer this very special, limited-time offer to our guests so that they may see the world from the comfort of our award-winning Coral Economy and Pearl Business Class, but without breaking the bank.”

Aer Lingus stake

Etihad confirmed today it had acquired a 2.987 per cent stake in Aer Lingus.

The airline said the purchase reflected its desire to forge a commercial partnership with the Irish national carrier.

Etihad Airways believes a possible partnership could produce significant commercial benefits for both airlines.

Etihad Airways operates 10 flights a week from Abu Dhabi to Dublin and has carried more than 750,000 passengers between the two capitals since it began flying the route in July, 2007.

The airline has a premium lounge at Dublin Airport, an engineering maintenance facility and has conducted recruitment drives across the country. It also recently renewed its sponsorship of the Gaelic Athletic Association, signing a five-year deal.

Etihad Airways has strategic codeshare partnerships with 34 airlines around the world.

Etihad Airways confirmed on Tuesday that it had acquired a 2.987 per cent stake in Aer Lingus. The airline said the purchase reflected its desire to forge a commercial partnership with the Irish national carrier. Etihad Airways believes a possible partnership could produce significant commercial benefits for both airlines. Etihad Airways operates 10 flights a week from Abu Dhabi to Dublin and has carried more than 750,000 passengers between the two capitals since it began flying the route in July, 2007. The airline has a premium lounge at Dublin Airport, an engineering maintenance facility and has conducted recruitment drives across the country. It also recently renewed its sponsorship of the Gaelic Athletic Association, signing a five-year deal. Etihad Airways has strategic codeshare partnerships with 34 airlines around the world. Earlier Story: Abu Dhabi-based Etihad airline has acquired a 2.987 per cent stake in Aer Lingus over the past couple of months, according to an Irish daily. Under stock market rules, Etihad is not required to disclose its shareholding until it has passed the 3 per cent threshold. “Aer Lingus last night confirmed it was in discussions with Etihad in relation to reciprocal code-sharing arrangements. The two airlines are also investigating the possibility of joint procurement opportunities,” Irishtimes.com, the online edition of Irish Times said in a news report. Nevertheless, the paper quoted Aer Lingus as saying that Etihad had given the Irish airline an undertaking that it does not intend to increase its shareholding pending the outcome of the discussions. “There is no certainty as to the outcome of these discussions,” the paper quoted Aer Lingus as saying.

Etihad Airways, the national airline of the UAE, has signed a memorandum of understanding (MoU) with the Abu Dhabi-based Lulu International Group.
Etihad Airways will be the preferred supplier of air cargo services for Lulu’s retail operations into and out of the UAE.

Under the agreement, Etihad Airways will offer the Lulu International Group and its forwarding agents a range of preferential and priority air cargo services. This includes transporting mostly fresh produce from countries such as Egypt, India, the Philippines, Thailand and the United Kingdom to and through the UAE.

Best known for the Lulu chain of supermarkets, department stores, hypermarkets and shopping malls, the Lulu International Group operates businesses all over UAE, Oman, Qatar, Bahrain, Kuwait, Saudi Arabia, Yemen, Egypt, India, Indonesia, Malaysia, Thailand, Hong Kong, Vietnam, China, Kenya, Tanzania, Ivory Cost, Ghana and Benin.



Etihad Airways Chief Commercial Officer, Peter Baumgartner, said: “We are delighted to have signed this MoU with the Lulu International Group and look forward to working together as this relationship develops.

“This deal is central to Etihad Airways’ role of facilitating trade into and out of the UAE, and will further support the commercial development of the Emirate of Abu Dhabi.”

Chief Executive Officer of Lulu International Group, Saifee T Rupawala, said: “We are very excited about this new agreement with Etihad Airways which will help us immensely in effectively managing our worldwide supply chain and logistics. This in turn will help us cater to the diverse needs of our large multi-ethnic consumer base with prompt service and competitive prices.”

Etihad confirms stake in Aer Lingus The two also investigating possibility of joint procurement

Etihad Airways confirmed on Tuesday that it had acquired a 2.987 per cent stake in Aer Lingus. The airline said the purchase reflected its desire to forge a commercial partnership with the Irish national carrier.
Etihad Airways believes a possible partnership could produce significant commercial benefits for both airlines.

Etihad Airways operates 10 flights a week from Abu Dhabi to Dublin and has carried more than 750,000 passengers between the two capitals since it began flying the route in July, 2007.



The airline has a premium lounge at Dublin Airport, an engineering maintenance facility and has conducted recruitment drives across the country. It also recently renewed its sponsorship of the Gaelic Athletic Association, signing a five-year deal.

Etihad Airways has strategic codeshare partnerships with 34 airlines around the world.

Earlier Story:

Abu Dhabi-based Etihad airline has acquired a 2.987 per cent stake in Aer Lingus over the past couple of months, according to an Irish daily.

Under stock market rules, Etihad is not required to disclose its shareholding until it has passed the 3 per cent threshold.

“Aer Lingus last night confirmed it was in discussions with Etihad in relation to reciprocal code-sharing arrangements. The two airlines are also investigating the possibility of joint procurement opportunities,” Irishtimes.com, the online edition of Irish Times said in a news report.

Nevertheless, the paper quoted Aer Lingus as saying that Etihad had given the Irish airline an undertaking that it does not intend to increase its shareholding pending the outcome of the discussions.

“There is no certainty as to the outcome of these discussions,” the paper quoted Aer Lingus as saying.

Flydubai will move to Al Maktoum Griffiths says move as budget carrier grows in size

Local budget carrier flydubai could very well be one of the first few passenger airlines to make way to the new Dubai World Central airport in Jebel Ali, as Dubai Airports CEO Paul Griffiths revealed that discussions are ongoing for the same.

However, he added that they are also in discussion with other carriers and whichever airline is ready to move first will be welcomed as the airport readies for passenger arrivals by 2013 as the facility readies by year-end.


Speaking at the ongoing Arabian Travel Market in Dubai, Griffiths said: “Flydubai could be an anchor airline at Dubai World Central, but it could also be another UAE airline, or one outside the country. We are talking to several other carriers and as 2013 approaches, the intensity of the conversations have increased. If an airline steps forward then we will be happy to hopefully welcome them by 2013.”

When probed further, Griffiths added: “Looking at flydubai’s current growth, it is undoubtedly the case that Terminal 2 will be unable to accommodate its operations at a later stage. Dubai International will clearly be the place for flydubai then.

“However, there won’t be a wholesale move, but a part of the operations would shift to DWC. But there is no timeframe set for that.”

He reaffirmed that Emirates is likely to relocate operations to DWC between 2025 and 2027.

Retail hub for passengers

As Dubai Airport continues with its 2020 forecast of 98.5 million passengers, based on its 15.5 per cent annual growth since 1960, the body is investing heavily in Concourses 3 and 4, along with expanding Terminal 2 to create a world class retail hub for passengers.

Concourse 3, which is being purpose-built for A380s, should be completed by year-end said Griffiths, adding that it would open by Q1 2013.

Meanwhile, Terminal 2 expansion should be take place by 2013, which would see a capacity increase from 7m passengers to 12m, while concourse 4 should be developed by 2015.

Griffiths added that by 2020, Dubai Airports should create 123,000 new jobs by 2020, employing 22 per cent of the local work force and add 32% to the emirate’s GDP.

Qatar's ‘crossed sword’ tower hotel To be operational by 2016 for Fifa World Cup

Qatar-based Katara Hospitality has unveiled plans to construct a hotel with ‘crossed sword’ shape of the towers, which gracefully intertwine, replicates the Qatar seal and, integrated with landscaped gardens, rises from a podium giving the impression that the entire architectural complex is floating on the sea.
The firm says its new project – the Lusail Marina Iconic Development – will become an iconic hospitality symbol of the 21st century, and will be ready to welcome guests for the FIFA World Cup.

Announcing their plans for the Qatar-based property at this year’s Arabian Travel Market (ATM), Hamad Abdulla Al Mulla, CEO, Katara Hospitality said: “This stunning structure matches our aspiration for Katara Hospitality to become one of the world’s most recognised hospitality brand identities."

He added: “Naturally, the Lusail Marina Towers will be ideally located for travelling football fans, officials and professionals as the Qatar Football World Cup arrives in a decade’s time."



"And long after the dust of the world cup has settled, the property will be a perfect getaway for Middle East leisure travelers looking for luxury accommodation as Qatar’s landscape offers more for tourists every year,” remarked Al Mulla.

“With an architectural design inspired by the insignia of Qatar, the Lusail Marina Iconic Development’s spectacular architecture is set to become a leading hospitality landmark.”

The property, designed for five-star luxurious status, is set to hold approximately 800 units comprising hotel rooms, residence apartments, offices, recreational facilities, specialist boutiques and top-class restaurants.

Al Mulla added: “The modern aesthetic of the Lusail Marina Iconic Development complements the more traditional properties we have in our eclectic portfolio of hotels, which are great examples of classic architecture.”

Aiming to be operational by 2016, the Lusail Marina Iconic Development will be constructed in the Marina district of Lusail – the latest planned urban centre in the Gulf State. Lusail is set to be located on the Gulf coast 15km north of Doha city centre and will eventually provide accommodation for up to 250,000 people.

Dubai Trade in Dh148bn savings Helps boosts UAE’s global competitiveness ranking

The time-saving efficiency of e-services developed by Dubai Trade, the leading trade facilitator under Dubai World, is leading to billions of dollars in annual savings for the public sector and numerous benefits for traders and the economy as a whole, according to a recent, independent case study carried out by the Emirates Competitiveness Council (ECC).

The study says the reduction in the number of days required to import or export goods via Dubai ports from 12 days to seven days has potentially led to total savings of Dh148 billion (more than $40 billion) over five years ending 2011, which accounts for about 17 per cent of the UAE’s 2009 GDP.

The benefits will further multiply this year after Dubai Trade reduced the processing time to only seven days through its electronic services.

The ECC study follows a recent 2012 World Bank “Doing Business” report that shows the UAE today has raised its global ranking to fifth in ‘trading across borders’, and is now ahead of Organization of Economic and Cooperation Development (OECD) countries by a wide margin.



Dubai Trade has created a competitive advantage to both the public and private sectors by leveraging UAE’s location advantage; having a strong customer-centric business strategy in place; and fostering innovative public and private sector synergies, the study says.

His Excellency Jamal Majid Bin Thaniah, Chairman of Dubai Trade, Vice Chairman of DP World and Group CEO Port & Free Zone World, said: “The case study highlights the substantial benefits gained by all stakeholders in the trading community from the e-services Dubai Trade offers and which it continues to improve. It is further evidence that Dubai Trade is living up to its mandate to facilitate trade across borders and outperform developed countries in this field to attract more international trade.”

The electronic platform established by Dubai Trade allows Customs and other concerned government parties to share data and information within a single window, thus eliminating duplication, saving time and cost, and leading to a better managed, more transparent administration of Customs, and increasing the capacity to move goods across UAE’s borders efficiently and securely.

By almost halving the time it takes to process containers, authorities and traders alike are freed up to increase their activity, which leads to increased revenues for both parties.

Eng. Mahmood Al Bastaki, CEO, Dubai Trade, said: “The overall outcome and ultimate goal of this trading time and cost efficiency is high potential for growth in international trade via the UAE, which already ranks among the world’s top trading hubs and keeps improving its global competitiveness record. We are pleased that the success of the services offered by Dubai Trade has resulted in such positive conclusions from both the World Bank Doing Business Report and the Emirates Competitiveness Council”

The report’s 2012 edition indicates that the UAE is now ahead of the Organization of Economic and Cooperation Development (OECD) countries by a wide margin. In the UAE, it takes only seven days to export a container at a cost of $630 and seven days to import at a cost of $635, the report says, while in high-income OECD countries it takes 10 days to export and 11 days to import, with the cost per container exceeding $1,000 for import or export.

The Emirates Competitiveness Council case study, titled Dubai Trade – Building Competitive Advantage through Collaboration, is part of studies issued by the ECC called Policy in Action Series.

Jobs in the UAE: How to use your failure as a tool to get hired

The interviewing process is the time when your potential employer would be interested in finding out what all you have accomplished in previous jobs as well as what all you have failed at. Many candidates hide their previous job failures, fearing rejection. Can acknowledging previous job failures portray you as an incompetent candidate, not fit enough to join the company you are being interviewed for?

The answer may not be a simple ‘yes’ and would be evaluated in the wider context, believe experts.

“It depends on the context. If someone can demonstrate they have put in their 100 per cent and the effort invested is clear to see, then perhaps, once could overlook the fact that the person failed in a task or a role,” Hasnain Qazi, Middle East Business Manager at Huxley Associates told Emirates 24|7.



Konstantina Sakellariou, Partner, Marketing & Operations Director at Stanton Chase believes that failures are a part of life and there is no individual who hasn’t failed. In fact, failure is an integral part of the learning process, which makes an individual a more mature and aware person.

“We all have had failures in our careers. If we expect someone to have no failures at all, we would probably push the candidate to lie. Failures are not necessarily bad, as the executive is accumulating experience that will be useful in the future. So, my decision would not be based on the existence or not of a failure but on the lessons learnt that have been gotten out of this. If I see the candidate more mature, and ready to face in a more efficient way a similar situation, then the past failure can even be considered an advantage,” she explained.

Agrees Toby Simpson, Managing Director, The Gulf Recruitment Group: “We all learn from defeat and we find that individuals who have tasted that bitter pill once or twice, whether it be academically or professionally, tend to have a bit more fight in them. Some people don’t learn and become demoralized or blame anything but themselves for their failings. People who chose to learn have a determination, a battle with their own sense of pride and apply themselves to never let it happen again.”

According to Suhail Masri, VP Sales, Bayt.com, there are many other factors that will determine whether a candidate will be selected for a job or not and previous failures do not figure on top of the list.

“While work experience and previous success is important, it seems that employers now focus more on ambition and skills than anything else when making a hiring decision. [Our] hiring practices poll for the MENA shows that 28.8 per cent of employers in the Middle East look for ‘hunger, drive and ambition’ as the most important factors when making a hiring decision. Meanwhile, career track record is the least important. In fact, most employers (67.2 per cent) will consider hiring a candidate who has relevant skills but no direct experience in the company’s field. Plus, honesty is commendable. Discussions with candidates on what their shortcomings are and how they can be improved are positive things,” he reveals.

Moreover, failure has many connotations. Qazi of Huxley Associates believes it’s just the way you want to look at it.

"Failure means different things to different people. A football team could still receive praise and applause for reaching the World Cup final, even if they lose the match. However, if someone has failed because they [did not work to their full potential] or did not operate smartly or with passion, then it is another matter, and employers might be less forgiving,” he said.

“Michael Jordan, one of the greatest basketball players of all time once remarked, ‘I've missed more than 9000 shots in my career. I've lost almost 300 games. Twenty-six times I've been trusted to take the game winning shot and missed.

I've failed over and over and over again in my life. And that is why I succeed,” explained Qazi, quoting the player. “So, I guess when making hiring decisions, it is important for employers to factor in various aspects, including internal and external influences,” he added.

DIFC Investments returns to profit Close to sukuk refinance deal, says Chairman

DIFC Investments, the investment arm of the company running Dubai's financial free zone, swung to a full-year profit in 2011, financial statements showed, and is close to a bank deal to refinance an upcoming Islamic bond maturity.
The firm is "committed" to the repayment of its $1.25 billion Islamic bond, or sukuk, Chairman Abdulla Mohammed Saleh said in a statement to Nasdaq Dubai.

DIFC Investments' financial records stated that an agreement to refinance the sukuk was close and that management was confident that final agreements were "imminent."

The company made a net profit of $130.5 million last year compared to a net loss of $272 million in the previous year, after the impact of discontinued operations.



Profit from continuing operations totaled $185.4 million compared to a loss of $286 million in 2010.

Rental income increased last year by 1.8 per cent over 2010 and total rental income generated from investment properties was $128 million.

During 2011, DIFC Investments sold Despec International, an IT distribution firm, for $27 million, with payment to be received in three installments by December 31 2013. The company received an amount of $15 million in 2011, in line with the installment plan, it said.

Designs of the new Trans-UAE train revealed

Train cars to have grey colour marked with red line and company motto

A UAE company set up to oversee a multi-billion dollar project to construct the country’s first inter-emirate rail network has revealed the final designs of the train, which will have a grey body marked with a red line in the middle.



The train will also carry the company’s motto, which will be derived from the UAE flag, Etihad Rail said in a statement.
UAE's Etihad Rail to add more staff this year: Official

“The design of the project has been completed and this means it is going ahead and will be completed on schedule,” Etihad’s Rail Chairman Nassir Al Suwaidi told the Dubai-based Emarat Al Youm daily.

He said the train would be operated on time at the end of 2013 in the western region before it is extended to other parts of the UAE.

The US-based Electro Motive Diesel Inc. carried out the designs of the project’s first phase and train cars are scheduled to be delivered end 2012.

Abu Dhabi-based Etihad Rail said last month the project would link the UAE’s two main cities-Dubai and Abu Dhabi - in 2016 before it is extended to other cities in the second largest Arab economy in 2018.

Etihad Rail, carrying out one of the largest train projects in the Middle East, said it would launch the second phase later this year and it would extend nearly 510 km to link Abu Dhabi to Jebel Ali and Dubai city.

The first stage covers Musaffah industrial area and Khalifa Port, which will be connected to Jebel Ali, the largest free zone in the Gulf.

Etihad Rail has said the 1,200-km project could involve investments of nearly Dh40 billion and will have a capacity of nearly 16 million passengers a year.

“The capacity could climb to 110 million tonnes of cargo and two million containers after the project is linked to the planned rail way in the Gulf Cooperation Council (GCC) in 2030, “ it said.

According to Etihad Rail website, the railway will connect the UAE to Saudi Arabia via Ghweifat in the West and Oman via Al Ain in the East. The railway will be built to link the principal centres of population and industry of the UAE, as well as to form a vital part of the planned GCC railway network, said Etihad Rail, which was formed in line with a federal law in 2009.

“Once complete, the project will redefine logistics and transport in the region, providing as a safe, efficient, sustainable network that links all corners of the UAE, and eventually, the UAE to the wider GCC….…this extensive investment will support the Government’s continued mission to build a diversified economy and continued economic growth.”

HMH to open sales offices in Mideast and Africa

Dubai-headquartered Hospitality Management Holdings (HMH) announced today at the Arabian Travel Market plans to set-up regional sales offices in Saudi Arabia and Sudan that will allow the group to have a better grip and reach in its key target markets.



Michel Noblet, President & CEO, HMH, said: “Each market throws up countless challenges every day that require immediate solutions. To sustain our growth in a highly competitive environment, it is absolutely essential to have a stronger grip on our business. Regional offices will help us to compete better in local markets while improving our capabilities. Hence we have decided to set-up offices in Saudi Arabia, and Sudan. Moving forward, our regional offices will play an incredibly important role in our business be it operations, sales or new development and would henceforth be fundamental to our offering.”

Michel said: “Local connections are vital for businesses particularly when it comes to relationship management. This is a crucial step for us towards realizing the full potential of our brands and gain larger market share. Each of these regions offers unique opportunities that we can capitalize on through these regional teams.”

HMH has 33 hotels operational and 16 under development. Balancing expansion and consolidation, HMH is now looking at sustainable growth. As it seeks to strengthen its regional sales teams, the group hopes to take advantage of emerging destinations in Africa and Asia.

Sadiq Iqbal, Regional Director Sales & Revenue Management, said: “We have been witnessing a consistent increase in demand across all segments. Our first quarter results have been very strong reflecting the power of our brands. In terms of future we remain extremely bullish, as we try to maximise profits. There are many opportunities to take advantage of and our regional offices will be instrumental in further fueling demand for our properties.”

ATM concludes in Dubai, visitors surpass last year’s figures

Arabian Travel Market (ATM) 2012 concluded its four-day of travel trade business in Dubai today amid huge participation of Companies and the regional and international governmental agencies, corporations specialised in the fields of travel and tourism industry.

Reed Travel Exhibitions, the organiser of Arabian Travel Market (ATM) 2012, reported a healthy increase in visitor numbers, driven by the show's renewed B2B focus and buoyed by positive indicators from the region's tourism sector.



"The 2011 event attracted over 16,000 trade visitors and indicators for this year show an increase of between 7-10 per cent," said Mark Walsh, Portfolio Director, Reed Travel Exhibitions. The region's leading trade exhibition for travel industry professionals, the 19th edition of the show has also seen a significant rise in decision makers and influencers - up by 35 per cent - from members of its buyers club, hosted delegates, regional and international speakers and hosted luxury travel buyers.

"The initial figures from this year's show are an endorsement of not only Arabian Travel Market's continued relevance and structured focus to the regional travel market, but mirror the rebound in both confidence and business levels across the major industry sectors," remarked Walsh.

Independently ABC-audited, ATM 2012 also recorded a 7 per cent increase in exhibitors for this year's event ahead of the start of the show, with more than 21,000 square metres of floor space hosting over 2,400 exhibitors and 82 new companies. This increase was also reflected in its international reach with 54 national pavilions and 87 countries represented overall.

"The business buzz is definitely back, the regional travel industry is in an exceptionally buoyant mood and participants are positive and confident. Our decision to reconfigure the floor plan to a more easily navigable and convenient format this year has also helped to facilitate busier appointment schedules," said Walsh.

Walsh's comments were echoed by a wide variety of participants, both regional and international, inbound and outbound, right across the industry spectrum.

"This is my second year as a visitor and the new layout is definitely easier to navigate. Our focus was the expanding opportunities in apartment accommodation, and I was very impressed to find an entire section dedicated to this," said Cori Terblanche, Travel World, South Africa.

"If we look solely at the European exhibitors for example, floor space has grown from last year and we have seen a surge in interest from destinations eager to attract the affluent Middle Eastern traveller," added Walsh.

Tamara Khalil, Group Director Marketing, Katara Hospitality, in Qatar, reinforced the renewed wave of business optimism. "ATM was the right platform for us to launch our new corporate identity to the market. The show remains the prime vehicle for the regional industry to share its news, network with the key players and meet potential partners."

This sentiment was echoed by global exhibitors. US-based tour operator, and first time exhibitor, TeamAmerica CEO, Enzo Perretta, said: "ATM is the only way to go to reach the Middle East and Asian markets, and we've had four full days during which we've met the key players and decision makers in our target markets." "ATM gives us access to high quality Middle Eastern contacts and allows us to conduct face-to-face business, which is highly valued by our regional clients," added Ahmad Alkatib, Director, Travellanda UK.

The newly introduced Technology Theatre, which ran throughout the four-day show, proved to be a major draw for industry professionals looking to capitalise on market opportunity through the implementation of groundbreaking technologies and new social media channels.

"Not only have we signed a number of new contracts on site, but we have also concluded a number of significant partnership agreements that would not have otherwise been possible," said Osama Abdulrahman, Manager of Dubai-based cheaperskies.com.

"Being host hotel for this year's ATM gave us invaluable face time with hosted buyers as well as the opportunity to introduce targeted top international travel writers and key members of the regional media to our property," added Andrew Hughes, Director Sales '&' Marketing for the Movenpick-managed Ibn Battuta Gate Hotel.

Arabian Travel Market 2011 boasted more than 2,200 exhibitors and stand-sharers, from 69 countries. Arabian Travel Market is part of the Reed Travel Exhibitions' portfolio, which includes 15 of the world's leading travel industry events.

Oetker to open 10 Mideast hotels Le Bristol Abu Dhabi by mid-2013; 9 more in next 10 years

Frank Marrenbach, CEO of Oetker Hotels Collection (OHC), has announced that the European luxury hotel chain is eyeing a range of hotels in the Middle East in the coming years and has initiated talks with potential partners in the region.
“The OHC plans up to ten hotels within the next ten years in carefully selected destinations across the Middle East,” Marrenbach said.

“The OHC is focusing on the UAE, Qatar, Oman, Egypt, Lebanon and Turkey,” he added.

He said OHC has been postponed a distinctive hotel project in Egypt until the political situation there stabilises.

Speaking to journalists in Dubai recently, Marrenbach said OHC will inaugurate the luxury Le Bristol of Abu Dhabi by the middle of 2013.

The National Corporation for Tourism & Hotels has started construction of the hotel in the UAE capital with an investment of $165 million.

Le Bristol Abu Dhabi will have 184 deluxe rooms, besides spacious suites, special physical fitness facilities and a modern concert hall on the sea to accommodate about 300 people.

“Service is the most important characteristic of OHC. We have two staffers per guest in the OHC in Europe, which means each guest will have a person to provide him a toothbrush every morning,” Marrenbach said.

“The secret is not in the number of employees, but in their ability to read the concerns of the guests and meet their expectations,” he said.

Samir Daqqaq, OHC’s senior vice-president (development), Middle East and Africa, said: “We have aggressive growth plans for the Middle East and Africa region, which remains one of the fastest growing tourism markets."

The company's first property in the region - Palais Namaskar - is about to open in Marrakesh, Morocco. This will be followed by Le Bristol Abu Dhabi next year.

It will be complemented by a 200-room property on Saadiyat Island to be managed by OHC for which it has signed an MoU.

In response to an Emirates247.com query on the need for new hotels in UAE, Samir Daqqaq said: “The UAE is saturated with four and five stars hotels, but the country needs more elite hotels characterised by luxury and outstanding service.”

Al Maya launches Indian FMCG brands in Dubai

Top Indian Fast-moving consumer goods (FMCG) brands have been launched by the Al Maya Group at Al Maya Supermarkets/Hypermarket, Dubai, in the presence of Sanjay Verma, Consul General, Consulate General of India.

The Consul General lauded the efforts taken by the Al Maya Group in bringing FMCG products from India and has also congratulated the Al Maya Group on the occasion of completing 30 years of operation in the UAE, said Kamal Vachani, Group Operations Director of Al Maya Group. The following ranges have been launched by the Al Maya Group in the UAE.

Vachani thanked Verma to visit the Al Maya Supermarkets during the launching of the Indian FMCG products. During the visit, Verma also visited Daily Gourmet outlet, which is a new concept outlet opened by Al Maya Group specially for Gourmet products.

The group launched FMCG including:

Horlicks Snack Range from GlaxoSmithkline : GlaxoSmithkline is one of the Largest Consumer Healthcare companies in the World with a global presence. Horlicks is one of the Oldest and most Trusted Brands in the Glaxo Portfolio and has become synonymous with good health and nutrition. Al Maya announces the Launch of the Horlicks Snack Range - Healthy Multigrain Noodles (FOODLES) and HORLIKCS BISCUITS. Foodles from Horlicks is a unique noodle in that it is not based on Refined Flour, but instead uses 4 different Grains, making it the ideal snack for Growing Children, Diabetics and the Elderly due to the High Nutrition content and high Fibre. One packet of Horlicks Biscuits provides the Protein and Calcium equivalent to 2 glasses of Milk and hence are ideal for Growing Children.

MTR Foods is India’s fastest growing Food and Spices Brand and has a history dating back to 1912. Today, MTR Foods is wholly owned by the Norway based Orkla Group and has established market leadership in Ready to Eat , Specialty South Indian Spices and Ready Mixes for Breakfast. Al Maya Group has pleasure in announcing the launch of the full range of MTR in the UAE Market.

Parag Milk Foods is one of the fastest growing Private Sector Dairy Companies in India with Brands like Govardhan (Ghee, Butter, Paneer) and Go (Cheese Range). Al Maya has launched both brands in the UAE Market to tremendous response from the Trade and the end consumers. Govardhan Ghee is 100 % Pure Cows Ghee, unlike most other brands , which are based on Buffalo Milk. The Go Cheese range has many unique products such as the first squeezable flavoured cheese spread in the UAE Market, Nacho Cheese Spread etc.

Nissin is the company credited with inventing the concept of Instant Noodles – Al Maya has most recently launched the Top Ramen range of Cup and Packet Noodles from Indo Nissin. The Cup range has unique flavours hitherto unavailable in the UAE Market such as Pani Puri, Manchurian etc. The brand is endorsed by Indian Badminton Champion Saina Nehwal and carries her picture on every pack.

Savory is a range of Instant Powdered Drink from Bajaj Herbals. Savory has a comprehensive range of flavours including the Watermelon flavour which is not available in the market till now. The formulations have been specially made keeping in mind the Middle Easter tastes

GCC a 'sandpit with money' Says CEO as troubled Lufthansa to slash 3,500 jobs

Failing miserably in the face of competition from more efficient airlines, Lufthansa’s CEO Christoph Franz is resorting to verbal gimmicks by calling the Gulf nations a place “where nothing exists besides sand and a box of money.”
While Western airlines have been under performance pressure from competent Arab airlines for quite some time now, and have often desperately resorted to lamenting about the absence of a “level playing field”, Franz’s latest remarks, published in the May edition of the German ‘Manager Magazin,’ are clearly a way of trying to divert attention away from the airline’s own losses.


Ominously, these remarks came just before Lufthansa, Germany’s biggest airline, announced plans to slash 3,500 administrative jobs around the world as it tries to return to profitability. The news came a day after Lufthansa reported a first quarter operating loss that more than doubled to €381 million (Dh1.83 billion), missing a consensus forecast of a €289 million (Dh1.39 billion) loss.

In response to a query by Manager Magazin on whether the European airlines were blowing the competition issue out of context by labeling it as something that is a matter of survival for Europe and not just of a wellbeing of some airlines, this is what Franz had to say (translated from German):

“I like to answer with a picture. Let’s imagine – pure theoretically - a country, in which nothing exists besides sand and a box of money. What do you have to do to develop this country economically? First you have to build a runway and to establish a national carrier – just to bring this country on the world map and to support trade, the tourism sector and to settle industry. The Gulf countries understood that aviation industry is a motor for economic development. In contrast to this position we in Europe see this motor more and more only as a source for taxes or as a source of noise. I think we have to change our thinking fundamentally in regards to this.”

When asked if he feared the competition from Gulf airlines, he said (translated from German): "Of course we accept all competitors. But there must be a level playing field. And in the competition with the Gulf carriers does not exist a level playing field. The Gulf-carriers have special conditions, in regards to taxes and fees. And they hurt the balance in the reciprocal traffic blatantly."

This brings back (not-so-distant) memories of other Western carriers accusing Gulf airlines of flying on subsidized fuel and not having to pay taxes. While these are nothing new, the fact remains that airlines, by the nature of their operations, are global beasts.

So, if an aircraft takes off from, say, Dubai and is fully fueled-up and lands in, say, Frankfurt (Germany), it will have to refuel in Frankfurt for its onward or return journey. I am sure Germany will not offer the Gulf (or any other) airline any subsidy on the fuel it needs for the journey.

Not just that, the fuel that Gulf airlines like Emirates fill up at their home base (Dubai, in Emirates’ case) is sourced from global players like Shell, who are not going to offer any subsidy to their customers regardless of who that customer is. So clearly, the issue of fuel subsidy is one that is raked up now and again only for diverting attention from more existential issues such as operational efficiency and customer service quality.

On the issue of taxation, it isn’t the fault of Etihad, Emirates, Qatar Airways, Gulf Air or others like them that governments in the Gulf choose not to levy an income tax. To put it straight, the European airlines too do not have to pay taxes in the Gulf for their regional operations – so the playing field is really level in that regard too.

It is no secret that a recession in Europe is forcing some countries there to increase taxation on aviation and transport sectors, which is hurting its airlines.

But a mistake on the part of European policymakers is no reason for Lufthansa’s chief – or anyone else for that matter – to start labeling the Gulf states as sandpits with nothing more than money.

Europe’s aviation policy is under fire for raising the cost at a time when the industry is facing tough battles over airport expansion in the UK or a new EU scheme which charges airlines for carbon emissions. But instead of acknowledging the facts on ground and lobbying the issue with their own governments, major players like Lufthansa’s Franz are blaming the Gulf airlines of taking away their customers.

“The framework conditions deteriorated massively over the last years. The market was liberalized and we have new competitors, these market conditions are for most airlines already demanding enough. We can’t carry additional burdens in this phase of transformation. And we have to carry numerous additional burdens. The aviation tax in Germany and Austria for example. Besides that we have the EU-ETS, which develops more and more in the direction of a trade war with non-European countries,” Franz said in his recent interview to Manager Magazin.

However, he and others like him choose to ignore the most important issue of customer service at their own peril.

For decades, established airlines in the West took passengers for granted and charged them high fares for non-existent service standards.

With the superior service standards being now set by airlines from the Gulf – notably Emirates, Etihad and Qatar Airways – laggards in the western aviation sector are feeling the pinch even as Gulf airlines continue their expansion due to their excellent customer service.

“Aviation was made a strategic industry in Dubai 20 years ago. In Europe it is not strategic and it is not important for politicians to win elections. That is why airline lobbying is not heard, investments are blocked, taxes are increasing and as a result airlines do not have modern fleets and then they save money on products,” Thierry Antinori, former Austrian Airlines executive who has joined Emirates as Executive Vice President, Passenger Sales Worldwide, told Reuters in a recent interview.

“You cannot stop the Middle East airlines because they are in the centre of the world; they have the best infrastructure… and never save money on product,” Antinori said.

Best airlines for families... and yes, Emirates is on top And there’s not one but two Gulf-based carriers that feature in the list of 'Top 5 Airlines for Families'

Travelling long distance with kids can be stress-free – no really! That’s what a new survey of international airlines found out.
The study, conducted by US News Travel, reveals that Dubai-based Emirates is right on top when it comes to travelling long-haul with little kids. And there’s not one but two Gulf-based airlines that make it to the coveted Top 5 Airlines for Families, as short listed by US Travel.

As any parent with kids below 12 (or even in their teens, for that matter) will tell you, flying with children is not an exercise they enjoy. It’s exhausting no doubt, but that’s the least of their troubles.

Murphy’s Law – whatever can go wrong, will go wrong – comes into play fairly often, and if it isn’t the disobedient cabin pressure that makes your little one shriek from ear pain, it is the uninterrupted hours of being glued to one’s seat that makes even the slightly grown-up go wild with frustration, not to mention the disgruntled looks from fellow passengers and airline crew that are bound to make you alter your next vacation into a ‘staycation’.


But there are indeed some airlines in the world that do care about families. According to Emily H. Bratcher of US News, “some airlines go out of their way to accommodate passengers with kids.”

US Travel lists seven carriers that are helmed by compassionate flight staffs that dole out amenities to make the whole family comfortable at cruising altitude. Here’s the list:

Emirates

For those of us in the UAE, this should come as no surprise. “Families come first,” says Emirates, and sticks to its promise.

While on the ground, it provides parents with free baby strollers to ferry their infants at the airport, Terminal 3, or the T3 as it is better known – exclusive hub of the Emirates in Dubai – offers special play areas for even kids flying Economy class, as well as wired games consoles and play areas for kids (and grown-ups) flying Business and First class.

In the air, bassinets and baby formula are standard, while the airline’s ever friendly crew also provide toys, special kids' meals and goodie bags with a smile. On long-haul flights and in Business and First class, a member of the crew will even offer to click a Polaroid picture of your happy kids on the flight, and give you a copy for keeps.

The Emirates in-flight entertainment (ICE) has a special section for kids, complete with cartoons and movies, while for kids who ‘frequent fliers’, they can even start racking up miles with Emirates Skysurfer program. Young jet-setters can put their miles toward everything from future flights to Magrudy’s Book Store gift certificates to Wild Wadi Water Park tickets in Dubai.

The airline also allows unaccompanied minors (between ages 5 and 12) to travel on its flights, providing separate check-in facilities on departure, with dedicated Emirates staff to accompany them to the aircraft. It’s special policy for taking best care of the little ones means that unaccompanied minors and young passengers are always boarded before other passengers so that the cabin crew can seat them and stow their hand baggage. On arrival, an Emirates employee meets all unaccompanied children at the aircraft door and helps them through formalities before handing them over to their designated guardian.

British Airways

BA operates ‘feed kids first’ policy, which allows parents to ensure the little ones are satisfied before they can enjoy their own meal in peace once the little ones are full and settled.

The airline also offers Skyflyer activity packs for 3-to-5-year old kids and a different one for kids aged between 6 and 12 years on all flights over 3 hours duration. Additionally, there’s hours of on-screen entertainment from Disney and Cartoon Network together with family blockbuster movies. There is even a parental lock to enable accompanying adults to block viewing of any unsuitable material on other channels.

British Airways also offers a Skyflyer Solo service, in which it flies unaccompanied kids between the ages of 5 and 12, besides offering special meals for children.

Lufthansa

Lufthansa has a special club for kids, called JetFriends, which gives the kids and teenagers a good look behind the scenes of the “world of flying”. The club’s central meeting point (www.jetfriends.com) fully illustrates all aspects of the airline, from individual jobs to technical explanations and an interactive presentation of the Lufthansa fleet.

The airline offers a number of other amenities for kids, including unaccompanied travel, strollers up to the aircraft, in-flight baby cots (bassinets) for infants, and nutritious child meals, among others.

Gulf Air

Famous for its Sky Nanny programme, Gulf Air says it operates the free service dedicated to young travelers “to help families traveling with children – and those passengers who aren’t.” The Bahrain-based airline offers the childcare service right from the Bahrain lounge, and on board all wide-bodied aircraft flying long-haul routes.

Specially trained Sky Nannies offer help with boarding and disembarkation, give parents that much needed break during a long flight and generally provide a watchful eye on the little ones, the airline says. Additionally, Gulf Air carries nappies and other baby supplies on board. “Please ask our Sky Nanny if there’s anything you may have forgotten to pack for your baby. Gulf Air offers baby food, nappies, baby powder, baby lotion, baby wipes, baby bib and cotton bud packs in all flights.”

Qantas

Rounding up the Top 5 Airlines for Families is Australia’s Qantas, which offers ‘Family Zones’ at Australian airports, complete with iMacs, toys, and books to keep kids entertained before take-off, and children’s kits (playing cards, action figures and coloured pencils) to keep them busy in-flight.

Additionally, it offers baby meals, special seating for families and even allows the use of special child safety seats in the aircraft.

The other two carriers on US Travel’s list are Virgin (Atlantic & America) and Singapore Airlines.

Summer hotspots to entice UAE travellers

Major local carriers such as Emirates and Eithad Airways have already announced top new destinations for their summer flightplan, targeting the disconcerting traveller who is eager to explore new grounds that may even take them off the beaten track.

Emirates 24|7 maps out the perfect new summer getaway for those still poring over brochures, with a destination that is ideal for every taste.

Road trip renegades

Tired of waking up at the crack of dawn to be herded on to a tour bus to be packed like sardines with fellow travellers?

Maybe its time to forgo those escorted tours and get into the driving seat to set a course down the road less travelled with a Spanish road trip.

Emirates will launch flights to Barcelona from July 3, its second Spanish destination, while increasing its frequency into Madrid with a second daily flight from July 1.

In an earlier statement, Emirates president Tim Clark said: “Madrid has been a strong performer and the demand is there for a second frequency, while we need a second point serving the dynamic Catalonia region.”

As Spain’s second largest city, the cultural capital goes beyond just being the home ground for football club FC Barcelona. The city is known for its yuppie young crowd that simply loves to party.

If you do make it there in July, then don’t forget to head to the Monegros Desert Festival, which is one of the most famous and biggest one day electronic music festivals in Spain is in desert of Fraga, approximately 200 km from Barcelona.
We are taking nearly 24 hours of non-stop fun with house, electro, minimal, techno, to drum & bass.

Our suggestion: rent a Vespa and explore the country the way it was meant to.

The family affair

A country that has only recently caught the eye of the world, Vietnam is a must-see for adventure seekers who crave to hop off the beaten track and conquer new ground.

Emirates is launching into this Far Eastern country from June 4, with direct daily flights to Ho Chi Minh City.

Tim Clark, President of Emirates said earlier: “Ho Chi Minh City is one of the most vibrant places in South East Asia and we are convinced that this will prove to be a highly popular route.”

Ho Chi Minh City offers tourists the ideal gateway to explore the wonders of Vietnam, be it the shopping options in the city or the various UNESCO World Heritage Sites of Hoi An.

When in the city, do not miss out on a visit to Ho Chi Minh Museum, his humble “house on stilts” and the 11th century One-Pillar Pagoda.

A trip to the islands of Halong Bay is a must, with most of them abundant with limestone that were formed over 500 million years ago, and are massed in the southeast and southwest.

Other noteworthy places include the beaches of Nha Trang and the floating markets and restaurants of the Mekong River Delta.

A trip to Vietnam also calls for the perfect extension to neighbouring Cambodia, namely Saigon.

Visit the Cuchi tunnel, which is 22 miles northwest of the city, approximately two hours by coach where you can witness how rice paper is made and to explore the amazing labyrinth of tunnels used by the guerrillas during the Vietnam War.

And if you have the time, cut a ticket for Angkor Wat, the architectural marvel in Angkor, Cambodia, built by King Suryavarman II in the early 12th century.

This vast temple complex was first Hindu, dedicated to the god Vishnu, then became Buddhist haven. It is truly a sight to behold.

The 40-something break

Celebrating an anniversary or simply rewarding yourself and your partner for a much needed vacation after the kids have packed off to college, cut a ticket for an American holiday this summer.

The Abu Dhabi-based Etihad Airways launched direct flights to US capital, Washington, DC from March 31, making it the perfect entry point for those who want to avoid the madness that awaits in New York.

James Hogan, Etihad Airways President and Chief Executive Officer, said earlier: “No other UAE carrier is offering nonstop services between DC and the UAE, so this capital-to-capital link is a huge opportunity for Etihad Airways.”

The Washington region is home to America’s second largest market flying to the Middle East, after New York.

Hogan added: “The point-to-point traffic between DC and Abu Dhabi is expected to contribute significantly to overall loads on the route. The schedule also allows maximum connectivity to key markets in the GCC, Indian Subcontinent and South East Asia.”

When visiting DC, you simply can’t escape the fact that the capital is the seat of power in America, so rather than avoiding its heritage, you can choose to unravel the enigma by stepping through halls of history at its many memorials.

Wander through the National Mall stretch (not to be confused with your average shopping arcade), which starts at the Capitol grounds and ends somewhere between Independence and Constitution Avenues.

The wide-open green lawns are home to the entire expanse of monuments and museums that any DC explorer guide will tell you, but on a good sunny weekend you can also catch a celebrity or two, along with several open-air concerts thrown in for good measure.

Must-visit places on the city map include fthe Washington Monument – or the Cleopatra’s Needle as many call it. Paying a silent, yet powerful tribute to George Washington, the 555 feet high monument makes for a picture perfect moment from the Tidal Basin, where you catch the sunlight reflecting in the shimmering waters of the Potomac River.

Head further down Constitution Avenue to explore the Lincoln Memorial, a tribute to the 16th US President, Abraham Lincoln.

Resembling a stately Greek temple, complete with Ionic columns, each pillar represents the 36 states that were part of the Union at the time of Lincoln’s assassination in 1865.
After spending the rest of the day exploring some of National Mall’s many little surprises, don’t forget to let down you hair and take in a different kind of culture at DC’s many nightspots.

A visit to the US capital is definitely incomplete without a visit to Improv, the stand up comedy club that has played host to comic greats like Bill Cosby, Jerry Seinfeld, Chris Rock and even Billy Crystal.

Honeymooners ahoy

Looking for a beachside romantic getaway with some cultural delights thrown in for the perfect summer honeymoon?

Go no further than Lisbon, the Portugese capital, which will be connected to Dubai via Emirates from July 9.

Set your sights on the land of Vasco da Gama and take a page out his exploration spirit to set forth on your own adventure.

“Lisbon has been on our European wish-list for some time. Our daily flight will link this far western corner of Europe with our strong route network, via Dubai, into Africa, across Asia and beyond, said Tim Clark, President, Emirates Airline.

He added: “We will be the only carrier based in the Middle East operating into Portugal, bringing our refreshing approach to customer service, our dynamic and inspiring approach to business, along with superb value for money.”

As one of Europe’s warmest countries, Portugal is a popular tourist destination, with better known attractions, such as the resorts of the Algarve, are supplemented by medieval castles and scenic villages dotted around winding coastlines and hillsides.

Portugal has more than 800 kilometres of Atlantic coast and is the primary point of access to the Atlantic archipelagos of the Azores and Madeira.

In Lisbon, visitors can sip an espresso on the leafy streets, go window shopping in Chiado square, visit Jeronimos Monastery, the World Heritage Site and resting place for Vasco da Gama, or view treasured art at places such as Calouste Gulbenkian and Berardo museums.

Adventure seekers

If you are looking for a summer high this break, then set a vertical limit by conquering Mount Kilimanjaro in Tanzania, which would certainly make for a conversation starter post holidays.

Qatar Airways, in its African expansion drive, is launching flights on July 25 into Kilimanjaro, close on the heels of its travels into Zanzibar and Mombasa, Kenya.

As the name suggests, Kilimanjaro or the Mountain of Light is the jewel in the crown of East Africa, standing tall at 5,895 metres.

Adventure seekers come from around the globe to hike up to the summit, and while most certainly manage to clamber up to the crater rim, it takes a little more practice to conquer Uhuru Point, the actual summit, or Gillman's Point on the lip of the crater.

Make it a weeklong affair, giving your climb at least five days to allow your body to acclimatise to the dizzying heights.

Yet while you explore the region, also spare time for the Kilimanjaro National Park, the lush forest that is home to elephant, leopard, buffalo, the endangered Abbot’s duiker.

If you are really lucky, maybe local Wachagga tribe will throw open their doors to invite you in for some grub along your travels.

Etihad cancels 7 Airbus A350 orders Boeing and Airbus hit by canceled orders

Airbus says fast-growing Abu Dhabi-based airline Etihad Airways has canceled another seven orders for its A350-1000 wide-body long-range jet.
Spokeswoman Aude Lebas said the April cancellation follows a similar decision in December not to go through with orders for six of the same jets.
Etihad still has orders for 12 of the aircraft, a rival of Boeing's 777, according to Airbus' website.

A spokesperson for Etihad says on Monday that a recent delay in the A350 program, while not the direct cause of the new cancellation, "provided an appropriate opportunity for Etihad to revisit its projected fleet mix in the latter part of the decade."



The spokesperson says the airline has "a great deal of confidence" in the A350 program.

Boeing and Airbus hit by canceled orders

Boeing and Airbus suffered major order cancellations last month, with airlines dropping 25 787 Dreamliners and seven A350s, according to data released by the aircraft manufacturers on Monday.

With 25 cancellations of 787 Dreamliners by clients not named, against 19 orders so far this year, Boeing is in negative territory for its flagship aircraft built largely with composite materials that it says will use 20 percent less fuel than similarly sized aircraft.

At $193.5 million (148.3 million euros) apiece according to list prices, the cancellations are a ê4.8 billion hit on the US manufacturer's order book.

Boeing did not comment on the latest order figures.

For its European counterpart, the cancellation of seven A350-1000 aircraft by Abu Dhabi-based Etihad Airways represents a loss of $2.2 billion at catalogue prices.

The Emirati airline canceled six other A350-1000 aircraft at the end of last year. Airbus said the airline was going through with 12 of the 25 planes it ordered in 2008.

Airbus also declined to comment on the order figures for the A350-1000, a new aircraft it began assembling last month which also includes many composite materials.

The first A350s are due to be delivered in 2014.

Boeing retained a large advance over Airbus in terms of orders received this year. Boeing's orders stood at 415 on May 1 against 95 for Airbus on April 31.