Emaar’s bond outperforms Aldar’s on strong revenue
Emaar Properties’s Islamic bond generated more than double those of Abu Dhabi’s Aldar Properties returns due to the revenue from hotels and malls supported Emaar. Emaar’s 8.5 percent Islamic bond, or sukuk, due 2016 returned 8.2 percent since it first traded…
Dubai Metro makes a mark
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has said that accomplishing the Dubai Metro project was one of the biggest challenges amidst the international economic crises. Talking to…
Emirates Airlines’ Bonds Rise on Tourism, Oil Drop: Arab Credit
September 08, 2011, 7:52 AM EDT By Tamara Walid and Arif Sharif Sept. 8 (Bloomberg) — Emirates airlines’ notes have risen in the past month, regaining an advantage they enjoyed over Dubai’s sovereign bonds as the world’s biggest international carrier…
Dubai tourism needs to diversify says hospitality expert
Phil Blizzard, Head of Broadcast Thursday, September 08 – 2011 at 10:08 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Dubai hotels get Eid boost from Arab Spring
Dubai hotels reported occupancy rates of 90 percent and above during the Eid break as the city benefited from the unrest that has roiled traditional tourist spots such as Egypt and Tunisia. Starwood Hotels Resorts two beach hotels, Le Méridien…
Kerzner could sell stake in Dubai’s Atlantis
Staff Sunday, September 04 – 2011 at 10:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Race to register for the Road to Arabia
Overwhelmed with the flurry of registrations, the Dubai, Abu Dhabi and Oman tourism bodies are encouraging agents to sign up before spaces are filled. “We are thrilled with the response that we’ve had to the Arabian Peninsula workshops so far,”…
Dubai links with world’s oldest event manager
Text size Sunday, Sep 04, 2011 Gulf News Dubai With the end of Ramadan, exhibition season in Dubai is ready to kick off. The Dubai World Trade Centre hosts nine exhibitions every year, organised by Epoc Messe Frankfurt,…
Dubai Mall doubles valet parking charges
Saturday, Sep 03, 2011 Gulf News Dubai Holidaymakers yesterday complained that Dubai Mall is charging exorbitant prices for valet parking, taking advantage of the massive crowds during Eid Al Fitr. The mall has doubled the charges for regular parking from…
Inflation pressure may rise in UAE on India’s slowdown
Dubai: The fallout of a slowing Indian economy, the UAE’s largest trading partner, may cause inflation concerns in the country’s near-term and could possibly impact its tourism revenue, according to an economic expert. “India’s economy is slowing down due to…
Indian airlines fight back on Gulf routes
During the first quarter of 2011, the United Kingdom lost its crown as Dubai’s biggest tourism source market, after a staggering 186,478 travellers from India stayed in hotels across the emirate between January and March this year, more than any…
Tourism in Egypt drops 28% as turmoil drives visitors away
Text size Monday, Aug 29, 2011 Gulf News Dubai: Tourism in Egypt dropped by 28 per cent from January to July following the revolution that swept the country at the beginning of this year, according to the latest…
Global retailers bet big on Dubai’s soaring consumer confidence
DUBAI: Limited Brands and American Eagle Outfitters are among global retailers seeking a foothold in Dubai as consumer confidence in the emirate reaches a seven-year high. Sales in Dubai are up about 10% this year, according to store companies such…
Malaysia, Dubai top Qatar tourists’ destinations
Manama: Malaysia has remained the favourite tourist spot for Qatar’s Eid holidaymakers while Dubai topped Middle East destinations, travel agency sources have said. “Malaysia is the most favoured destination among Qataris this Eid,” PN Sathya Narayanan, manager of Mannai Holidays,…
Dubai Airport sees near-10% rise in passengers in July
Dubai International Airport handled 4.7 million passengers in July, an increase of nearly 10 percent on the same month last year, and a new record for monthly traffic. Year to date traffic reached 29,291,927, up nine percent compared to 26,870,440…
