Retail sales see increase in first half of Dubai Summer Surprises
Nasser Rafi, Chief Executive Officer, Emaar Malls Group, said: “The ‘Summer in Dubai’ initiative has energised the retail and tourism sector of Dubai with all participating malls of Emaar Malls Group recording robust visitor footfall. The bargain offers on retail…
DIFC grows to account for 3.6% of Dubai’s GDP
DUBAI – Dubai International Financial Centre (DIFC) continues its contribution to Dubai’s GDP that accounted for 3.6 per cent in 2010 and one per cent in the country’s economy last year. The tax-free park on Monday issued its fourth annual…
Dubai’s core business in ‘excellent shape’ – Sheikh Ahmed bin Saeed
Key sectors of the Dubai’s economy have shown growth in the first half of the year, top officials said on Tuesday. Dubai, one of the seven United Arab Emirates, the OPEC producer’s trade and business hub is recovering from last…
Dubai becomes educational tourism hub
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Nadine Hani: The Chinese tourist is a source of income yet unknown to Lebanon
The strong growth of China’s economy has quadrupled its people’s spending on travel over the past 10 years. And Chinese tourists, generally, do not care about staying in luxurious hotels. They travel in organized tours and bargain to lower the…
Dubai Holding Commercial Repays 250 Million Swiss Franc Bond
Dubai Holding Commercial Operations Group LLC, a government-owned company that has $2.5 billion of bonds maturing until 2017, said it repaid a 250-million Swiss franc bond and is committed to meeting future obligations. The bond matured on July 14, the…
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…
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 —…
