‘Dubai Business’ Archives
Grosvenor House Dubai sets the standard as ‘UAE’s Leading Business Hotel’ ‘Dubai’s Leading Business Hotel’ and ‘UAE’s Leading Hotel Apartments’
Dubai, UAE- May 6th 2010: Grosvenor House Dubai has once again succeeded at the recent World Travel Awards 2010, winning the prominent 'Dubai's Leading Business Hotel', 'UAE's Leading Hotel Apartments' and 'UAE's Leading Business Hotel' awards. The World Travel Awards congratulated Grosvenor House Dubai for going the extra mile acknowledging [...]
Dubai Chamber members exports in Q1 touches AED 50.7 billion mark
Dubai, UAE: Dubai Chamber of Commerce & Industry's quarterly report revealed that the volume of exports of its members in the first quarter of the year touched AED 50.7 billion which is 15% higher than the preceding quarter of 2009 with March alone recording the highest monthly export total of AED 18.7 billion which is 22% higher than the same [...]
Banks push Dubai shares higher
Given the recent negative market sentiment in the UAE, sometimes even minor victories should be savoured. The Dubai Financial Market General Index pushed through a level of technical resistance as it rose 0.3 per cent to 1,742 yesterday, on a volume of 162.8 million shares. “Markets crossed the 1,740 level, which was an important minor [...]
Dubai Group may not sell Bank Islam stake
Dubai Group may not be keen to sell its stake in Malaysia's No. 2 sharia lender Bank Islam, the Business Times reported on Wednesday, citing a source. "They may not sell after all because they see value in the bank," the source was quoted as saying in a Business Times report. Financials Dubai Group, an investment vehicle owned by the ruler [...]
Dubai to open ‘world’s biggest’ airport for cargo
DUBAI (AFP) - Dubai's second airport, designed to be the world's largest when completed, will open in June for cargo only, with plans to receive passengers in spring next year, Dubai Airports chief said Tuesday. "Dubai will no longer be a single airport city," chief executive officer, Paul Griffiths, told a press conference on the sidelines of [...]
Sport ‘will be global if our part of world is included’
The curtain may have come down on a very successful SportAccord convention in Dubai, but the effect may well be long-lasting with the emirate further underlining its status as a key venue for sports events and exhibitions. Dubai is also considering a bid for the 2020 Olympics. Princess Haya bint Al Hussein, wife of His Highness Sheikh [...]
Dubai among top 10 most visited cities in the world
DUBAI — A strong and dynamic tourism sector has placed Dubai among the top 10 most visited cities in the world, a Dubai Chamber study said. Dubai, the Middle East tourism and trade hub, is ranked higher than its regional peers and a little behind its global competitors in terms of travel and tourism competitiveness. The sector by its [...]
UAE traders ‘most optimistic’
DUBAI — Business sentiment among UAE traders has grown since October 2009, buoyed by expectations that impending new government regulations will benefit them, a survey by HSBC shows. The UAE improved its score from 118 to 134 out of a scale of 200 in HSBC’s Global Trade Confidence Index, the bank said on Monday. The score puts the UAE in [...]
Dubai investment business hit by $562m loss
The investment arm of Dubai International Financial Centre, the emirate's tax-free financial district, reported a net loss of $562m for 2009 as it wrote down real estate and business investments in the emirate. DIFC Investments, which owns buildings in the district as well as direct stakes in global companies, said it had received a [...]
Volatility And Fluctuation In Gold Price Affecting Jewellery Trade
The volatility and fluctuation in gold rate is affecting consumer purchasing power, according to a survey conducted by the Dubai Gold '&' Jewellery Group, Emirates news agency (WAM) reported. On average, the survey said jewellers in Dubai depend on tourists for at least 50 percent of their sales, and on local customers for the rest. "There [...]
