Author: chadgazette.com

Seven-time Formula One World Champion Lewis Hamilton was awarded the Laureus Athlete Advocate of the Year Award at the 22nd edition of the Laureus World Sports Awards. Hamilton received the honor during Thursday night’s virtual awards ceremony, which was presented from the Spanish city of Seville. This year’s ceremony was hosted by Paz Vega, one of Spain’s great international actresses and a native of host city Seville. Vega, who has starred in countless European and Hollywood movies.During the evening, seven-time Formula One World Champion Lewis Hamilton was presented with the Laureus Athlete Advocate of the Year Award. This award celebrates the…

The FDI inflows to the UAE grew 44.2 percent in 2020 to $19.88 billion as compared to 2019, despite the fallout of the COVID-19 pandemic which has taken its toll on the global economy, according to a report by the Ministry of Economy. The cumulative value of foreign direct investments inflows amounted to $174 billion, a growth of 12.9 percent during the reference period. FDIs covered all economic platforms, primarily the Oil & Gas, considering the massive investment partnerships struck by the Abu Dhabi National Oil Company (ADNOC) with a number of foreign companies. The UAE has drawn FDIs for digital…

The UAE tourism sector has continued to recover during Q1, 2021, with the average hotel occupancy rates across the country nearing 63 percent, according to initial data released by the local tourist authorities. Average length of stay in hotels during Q1 increased 27.6 percent to 4.3 nights as compared to the same period last year, with March recording a growth of 34 percent in the number of hotel guests comparatively with March 2020.UAE nationals accounted for 25.6 percent of total guests in the reference period – one million guests – with March seeing a thumping 112 percent growth in the…

MENA Newswire: The Spartan World Championship will take place in the Liwa desert, Abu Dhabi’s western region, from December 2-5, the Abu Dhabi Sports Council has announced. Coinciding with the 50th anniversary of UAE National Day, the championship, held for the first time outside the United States, features the Elite Spartan World Championship, the Spartan Team World Championship and the Spartan Kids World Championship. The championship, previously slated for 2020 December 4-5, was postponed due to the international travel restrictions following the outbreak of the Coronavirus pandemic.Aref Al Awani, General Secretary of Abu Dhabi Sports Council, said, “The Spartan World Championship…

The Danish Government has confirmed its official participation in Expo 2020 Dubai, partnering the Danish Business Council at the six-month global gathering. The participation was confirmed by Danish Ambassador Franz-Michael Mellbin, who has been appointed Commissioner General for Denmark at Expo 2020, at the end of last week’s International Participants Meeting (IPM) in Dubai.The Denmark Pavilion will showcase the country’s export and investment potential alongside the strength of its relationship with the UAE, during a six-month global gathering that will welcome more than 190 nations and millions of visitors from across the planet.With less than five months to go until…

At the invitation of the President of the European Council Charles Michel, Indian Prime Minister Narendra Modi participated in the India-EU Leaders’ Meeting. The meeting was held in a hybrid format with the participation of leaders of all the 27 EU Member States as well as the President of the European Council and the European Commission. This is the first time that the EU hosted a meeting with India in the EU+27 format. The meeting was the initiative of the Portuguese Presidency of the Council of the European Union.During the meeting, the leaders expressed their desire to further strengthen the…

The Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South announced that private jet movements continued their impressive growth in 2021 with a 336 percent increase in Q1 2021, reaching 4,904 compared to 1,460 in Q1 2020 and 1,676 in Q1 2019. Aircraft movements include the four FBOs operating at MBRAH, which are Jetex Executive Aviation, Jet Aviation, DC Aviation and ExecuJet Middle East.Tahnoon Saif, CEO of Mohammed Bin Rashid Aerospace Hub, said, “Our private jet movements at the VIP Terminal in the MBRAH have been increasing steadily since last July, which is a testament to the successful national vaccination…

Bahrain Chamber of Commerce and Industry revealed its members are anticipating a $2.9 billion surge in spending once the King Fahd Causeway re-opens on 17 May based on tourist spending habits from 2019. This comes after Saudi Arabia announced it will lift its suspension on citizens traveling abroad, and open land, sea and air borders on May 17. Bahrain welcomed more than 12 million visitors in 2019, predominantly from the Kingdom of Saudi Arabia and neighboring GCC countries.Commenting on the announcement, Ali Al-Mudaifa, Executive Director at the Bahrain Economic Development Board said: “Deep economic, political and cultural connections between Bahrain…

The Dubai Opera will host its first hologram event of the late celebrated Egyptian singer Abdel Halim Hafez who will take to the stage on 13 and 14 May during Dubai’s Eid al-Fitr festivities. Dubai Festivals and Retail Establishment announced in cooperation with New Dimension Productions (NDP) and MBC Group as the organizers, that the 90-minute show will feature some of the singer’s most popular songs during what promises to be an exhilarating evening of music and nostalgia.Hailed as one of the greatest Egyptian musicians, along with Umm Kulthum, Mohamed Abdel Wahab, Mohamed Fawzi and Shadia, Abdel Halim Hafez was a prolific…

Renewable & Clean Energy will debut as the theme for Middle East Energy’s inaugural virtual focus week on 17 May 2021, as research from Informa Markets revealed 83 GW of renewable and clean energy capacity, mainly solar and wind power, is planned across the Middle East and North Africa (MENA) region within the next 20 years, and more than AED55 billion of solar power projects are expected to become operational by 2026.The figures were highlighted as the Middle East is set to become a market leader in renewable and clean energy due to well-designed auctions, favorable financing conditions, and declining…