Dubai, which has $16bn of publicly held debt maturing later this year, is posting the region’s best returns as investors turn to the tourism and trade hub to avert political turmoil sweeping the Arab world. Dubai’s dollar bonds due 2020 have returned 14.93 percent this year, more than four times the regional average as measured […]
Dubai Q1 direct trade jumps by 34%
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After dusting itself off from property wreckage, Dubai is back building again
DUBAI. You know the story. It was the world’s biggest Ponzi property scheme. When it collapsed during the credit crunch, building stopped, government debt ballooned and people fled, leaving a landscape dotted with hollow-eyed, half-completed skyscrapers: monuments to the ultimate boom and bust. At least, that was the story. It turns out it’s not so […]
Dubai creates corporation for government real estate
Dubai has established a commercial corporation to own and manage all properties registered in the name of the government, state-run news agency WAM said on Sunday. Dubai Real Estate Corporation will have financial and administrative independence, WAM said, will be able to contract with third parties, and will be open to sue and be sued. […]
Pinoy architect wins Dubai photography contest – ABS
DUBAI – Filipino architect Eric Olympia Fajut bagged the top prize in the 1st Dubai Municipality (DM) Photo Contest for World Migratory Birds Day in the United Arab Emirates (UAE). Fajut’s winning photo stood out among the entries of the 40 other participants as it was the only one that captured flamingos in action on […]
First ever UAE Ramadan Culture Experience Tour announced
Travel & Culture Services a tour operator offering tours to Dubai and UAE has announced to promote the first ever culture tour of UAE during the Ramadan 2011. According to the company the tour is focused on giving a learning experience to the tourists about the UAE culture with special emphasis on Ramada. The participating […]
Rezidor opens the Radisson Blu Hotel, Dubai Downtown
The Rezidor Hotel Group has announced that its 7th property in the UAE, Radisson Blu Hotel, Dubai Downtown, is now open. Located on the upper floors of a mixed used building, the new first class- and full service hotel is walking distance from the Dubai Mall and just 10 kilometres from the international airport. Besides […]
Emirates Launches Dubai Stopover Program in Canada
TORONTO, Canada – Emirates Airline has launched a new travel program in Canada, “The Emirates Dubai Stopover Program”, this will be a an exceptional hotel and sightseeing package offered as a way to introduce Emirates passengers to Dubai; a world-class tourist destination with something for every type of traveler. This will be an ideal program […]
Dubai exports, re-exports hit three-year high in May
Dubai exports and re-exports hit a three-year high of AED22bn ($5.9bn) in May, a senior business leader said on Wednesday. Abdul Rahman Saif Al Ghurair, chairman of Dubai Chamber of Commerce and Industry, said latest data showed that the performance was 26 percent higher than in the same month last year. The value of Chamber […]
Dubai Outlet Mall announces new promotions for Dubai Summer Surprises 2011
“As a strategic partner of DEPE, Dubai Outlet Mall will be a part of DSS 2011. DSS is an important event in Dubai calendar and we look forward for a very successful and an entertaining period,” said Vishal Mahajan, Director of Dubai Outlet Mall. 1st to 31st July 2011, Outlet Mall will run a “Amazing […]
Emirates boosts Manila-European flights
MANILA, Philippines — Filipino business and leisure travellers and overseas Filipino workers (OFWs) now have access to Northern Europe with the start of Emirates Airline’s new extra services to Austria and Germany. Four extra flights have been added to the Dubai-based carrier’s daily service to Vienna on March 27. The additional Tuesday, Wednesday, Friday and […]
Dubai tempts once again but danger still lurks
But now, Dubai’s flagship airline has successfully marketed a $1 billion bond, hotels have attracted thousands more guests and unrest across the Middle East has persuaded some businesses to move some their offices to the more stable emirate. “At one point I had investors tell me they didn’t want Dubai at all in their portfolios,” […]
Dubai shopping fiesta from June 22
Text size Dubai Events and Promotions EstablishmentDubai Events and Promotions Establishment (DEPEDEPE) has unveiled a full calendar of summer events and activities in Dubai. “Dubai is considered a unique trade and tourism destination and features some of the best-known shopping malls, restaurants and hotels,” said Ibrahim Saleh, festivals coordinator general and deputy CEO […]
Kids cruise for free!
INDEPENDENT NEWSPAPERS The Madinat Souk with the Burj-al-Arab in the background Related Stories Pictures: sky-high in Dubai Join Discount Cruises for a fantastic cruise off the coast of Oman and the United Arab Emirates this December and the kids can cruise for free. Priced from R5660 per adult sharing enjoy this seven night cruise […]
Mohammed calls for focus on tourism
Mohammed calls for focus on tourism His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday called for greater focus on developing the country’s tourism sector. Shaikh Mohammed called on the federal and local tourism-related entities to intensify their efforts and mobilise all resources […]