Dubai”s investment arm to repay USD 4bn loan
Dubai, Aug 9 (PTI) The Investment Corporation of Dubai (ICD) has announced it would repay in full USD 4 billion (14.7 billion dirhams) debt facility maturing on August 21. ICD is the investment arm of the Government of Dubai. The…
Dubai to repay $4 billion of maturing debt: govt
AFP – Dubai said Monday it will repay in full $4 billion of debt maturing later this month from internal sources, as the Gulf emirate’s economy grows steadily after being severely hit by the global crisis. The Investment Corporation of…
Dubai’s cut-price hotel rates ‘unhealthy’ for market
Dubai hotels have slashed room rates to “unhealthy” levels and risk never being able to hike prices again during better economic periods, the chairman of the Al Habtoor Group said. Khalaf Al Habtoor, whose firm owns several hotels including Dubai’s…
Dubai and Abu Dhabi on global travel radar
Dubai and Abu Dhabi on global travel radar For those with the wanderlust for travel, a recent survey shows that the UAE is pretty much a topper as choice of destination for the discerning globetrotter. In the 132 cities ranked…
Gold vending machines multiply
Dubai: Declining dollar values and rising inflation may be leading to heightened interest in new gold vending machines set up across the UAE for tourists and investors. Thomas, an Australian tourist, was contemplating the purchase of a gold coin at…
Travel and Tourism in the United Arab Emirates – Market Report – new market research report
Travel and Tourism in the United Arab Emirates – Market Report – new market research report London 7/26/2011 11:37 PM GMT (TransWorldNews) Companiesandmarkets.com Recent Submissions A.P. Moller-Maersk – Strategy, SWOT and Corporate Finance Report – new company profile Novell Inc…
Dubai fines tourist for insulting prophet
DUBAI, United Arab Emirates, Aug. 3 (UPI) — A court in Dubai, United Arab Emirates, has fined a British tourist for allegedly insulting Islam and the Prophet Mohammed. Presiding Judge Rashid al-Sumairi imposed a fine of 5,000 Emirati dirhams ($1,360)…
Shahrukh all set to perform in Dubai
Music lovers and Bollywood fans in Dubai have something to look forward to this Eid. Bollywood actor Shahrukh Khan will perform at an Eid event in Dubai. He will perform along with actresses Priyanka Chopra and Kareena Kapoor at a…
UAE’s growth forecast revised as economic activity picks up
Text size Tuesday, Aug 02, 2011 Gulf News Dubai: Institute of International Finance (IIF), the Washington-based association of global banking and financial institutions, has revised the gross domestic product forecast of the UAE to 4.4 per cent from…
Dubai international visitor spend to hit $7.8b this year
Microsoft VBScript runtime error ‘800a01a8’ Object required: ‘sn’ /DisplayArticle.asp, line 302
Dubai’s Emaar profits slip 52 per cent
Dubai-based real estate giant Emaar Properties on Tuesday said it posted 422 million dirhams ($A106 million) in net operating profits for the second quarter of 2011, down 52 per cent from the year before. Net profits for the second quarter…
Dubai budget carrier now flies to Hyderabad
Flight FZ435, scheduled to fly three times a week, landed at the GMR Rajiv Gandhi Hyderabad International Airport at 0145 hours on Sunday, June 12, following a 3-hour, 45-minute flight from Dubai’s Terminal 2. The new route is FlyDubai’s second…
Dubai budget carrier now flies to Hyderabad
Flight FZ435, scheduled to fly three times a week, landed at the GMR Rajiv Gandhi Hyderabad International Airport at 0145 hours on Sunday, June 12, following a 3-hour, 45-minute flight from Dubai’s Terminal 2. The new route is FlyDubai’s second…
Witness: Mirza knew about RM888,000 Awana Dubai deal
KUALA LUMPUR: Tourism Malaysia director-general Datuk Mirza Mohammad Taiyab Beg, accused of committing criminal breach of trust, knew about the RM888,000 payment meant for the setting up of a Malaysian restaurant in Dubai. The payment was made to LCL Interior…
Tourists vanish in visa scam
Hundreds of Chinese tourists have vanished in Dubai in what is thought to be a human trafficking con. 7DAYS has handed over a dossier of evidence to the UAE’s Committee to Combat Human Trafficking that shows seven tour operators have…
