Abu Dhabi aid rewards Dubai electricity over Taqa
Dubai Electricity Water Authority bonds are generating more than twice the return compared with debt issued by Abu Dhabi National Energy Co, rewarding investors willing to bet on riskier Dubai assets. Dollar-denominated bonds issued by the Dubai government owned utility…
Dubai’s tourism sector set to outperform peers in 2011
Cluttons the real estate specialists from UK say Dubai’s tourism market is likely to outperform its regional peers in the short-term as visitors see it as a safe haven amid the unrest elsewhere in the Middle East. The Cluttons said…
Dubai talks not about Cabinet posts : Yingluck – Nation
The Dubai meeting over the weekend had no linkage to the formation of a Cabinet, designate prime minister Yingluck Shinawatra said yesterday, dismissing speculation about the involvement of her brother Thaksin Shinawatra in allocating Cabinet seats. “I think the meeting…
U.A.E.’s New Visa Rule May Boost Property Demand in Dubai, Citigroup Says
The United Arab Emirates’ plan to extend visas for foreign homebuyers to three years from six months could lift demand in Dubai’s slumping property market, Citigroup Inc. said. The U.A.E.’s federal government yesterday agreed to lengthen the period to “enhance…
Dubai Summer Surprises to begin on June 22
Dubai Summer Surprises to begin on June 22 Dubai is all set to once again become the hub of summer sales and crowded malls with the 40-day Dubai Summer Surprises set to launch on June 22. Naser Mohammed Hakim, Dubai…
New Dubai mosque honours the glory of God
It was in early March when the weather was still cool enough to pause for a moment after loading the Prado with groceries, that shoppers at the Spinneys supermarket in Umm Suqeim first noticed four scaffolding-clad towers emerging above the…
U.A.E.’s New Visa Rule May Boost Property Demand in Dubai, Citigroup Says
The United Arab Emirates’ plan to extend visas for foreign homebuyers to three years from six months could lift demand in Dubai’s slumping property market, Citigroup Inc. said. The U.A.E.’s federal government yesterday agreed to lengthen the period to “enhance…
Dubai Ruler Approves $7.8 Billion Dubai Airports Expansion
Dubai ruler Sheikh Mohammed Bin Rashid Al Maktoum approved a $7.8 billion expansion plan for the Persian Gulf emirate’s airports as the facility seeks to become the world’s busiest airfield. Dubai International plans to boost capacity to 75 million travelers…
More property floods Dubai, Abu Dhabi rents drop 9%
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Passenger traffic set to jump 200% this summer
Text size DUBAI – A dramatic rise to as high as 200 per cent in inbound passenger traffic is seen this summer as major airlines in the emirate aggressively promote special fares and packages across the GCC —…
Al-Futtaim Travel appoints new Marketing & Sales Manager
Text size Dubai July 03, 2011: Al-Futtaim TravelAl-Futtaim Travel, a leading corporate and leisure travel management company, today announced the appointment of Samantha Watson, as Marketing Sales Manager. Samantha joins Al-Futtaim with over 12 years in the travel…
Saudi, Dubai tourism stay dynamic
Text size JEDDAH: Saudi Arabia and Dubai have shown particularly positive results in tourism, despite a generally bleak market in the Middle East and North African region as a result of political restiveness. Tourism sector in both Saudi…
Saudi, Dubai tourism stay dynamic
JEDDAH: Saudi Arabia and Dubai have shown particularly positive results in tourism, despite a generally bleak market in the Middle East and North African region as a result of political restiveness. Tourism sector in both Saudi Arabia and Dubai remained…
Flydubai to begin Ukraine flights
Kiev: Dubai’s low-cost airline flydubai announced plans to enter the Ukrainian market, adding direct flights to Kiev, Kharkov and Donetsk in September, travel and tourism professionals in both countries have been busy preparing for the inevitable boom. Flydubai has partnered…
Dubai bonds posting best rally in Mideast as Bahrain trails
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…
