‘Dubai Business’ Archives
TECOM Investments Realigns 11 Business Parks into Five Industry Cluster Groups
TECOM Investments, a diversified conglomerate and a member of Dubai Holding, has realigned its 11 business parks into five industry cluster groups to streamline its operations and to prepare for further business growth Abdullatif Almulla, Group Chief Executive Officer, TECOM Investments, said: “Our strength as an organisation stems from our [...]
Inflation continues to soften in Dubai
Dubai: Consumer prices in Dubai softened for a fifth consecutive month in March on the back of slowing in food, housing and communications cost increases, official data showed on Tuesday. Analysts said lower prices increase Dubai's competitiveness in the business arena. The Consumer Price Index (CPI) for last month stood at 115.47 compared [...]
Dubai Chamber brings the business community with Dubai General Directorate of Residency and Foreigners Affairs
Dubai, UAE: As part of its commitment to strengthen the public, private sector partnership, the Dubai Chamber of Commerce & Industry organized the second round of Talk Business at Breakfast at its premises in Dubai on Monday. The networking event that had Major General Mohammad Al Marri, Director General of Dubai General Directorate of [...]
Dubai Municipality, Emirates Business Women Council organize Annual Economic Forum for Business Sector
Dubai Municipality, in cooperation with the Emirates Business Women Council, organized on Tuesday the Annual Economic Forum for Business Sector, which discussed about the role of women and youth in economic development. The Forum, held at Radisson Blue Hotel, Deira, was attended by Saeed Ali Khammas, Acting President of the Federation of [...]
Crisis could put airlines out of business, flight expert warns
A major airline says the flights crisis is costing it around £7m every day, and an aviation expert has warned that small airlines may be forced out of business by the disruption. Tim Clark, president of Emirates, said that more than £650,000 was being spent daily on hotel bills for those unable to travel. Around 6000 passengers, half [...]
Metro hasn’t dented taxi business, say cab drivers
Prior to the launch of Dubai Metro last year, many taxi drivers in Dubai were anxious about the possible loss of income it would bring about. But, seven months since rail network’s launch, these worries seem to have evaporated. Some cab drivers even feel it complements their business to a certain extent. Though, like all [...]
Sunanda offers to exit Kochi IPL team
Sunanda Pushkar today "voluntarily" offered to surrender her 'sweat equity' worth Rs 70 crore in the Kochi IPL franchise in a last ditch attempt to relieve the pressure on her friend, Union Minister Shashi Tharoor. The 48-year-old business executive, based in Dubai, made the dramatic offer shortly after Tharoor had explained to Prime Minister [...]
Flight chaos affects thousands in the UAE
Dubai/Abu Dhabi: Emirates airlines in its report has stated that 40,000 of its passengers are affected due to travel chaos over Europe. Emirates are trying its best to get its passengers home and away. List of UAE flights affected: April 18 "To date, over 40,000 Emirates passengers have been impacted. Emirates is working on a [...]
Dubai Electricity Bonds Get Lowest Investment Grade at Fitch
Dubai Electricity and Water Authority’s five-year $1 billion bond issue received the lowest investment grade at Fitch Ratings, reflecting the deterioration in the creditworthiness of the emirate. Fitch rated the new debt BBB- and placed it on Rating Watch Negative. DEWA is Dubai’s first government-owned entity to tap debt investors since [...]
Dubai Islamic Bank opens branch in Mirdif City Centre
Dubai Islamic Bank announced today the opening of a new branch at Mirdif City Centre, Dubai, bringing the bank's UAE network to a total of 63 branches. The expansion of the bank's network is in line with its retail strategy which will see 10 new branches being opened by end 2010. "Our unique mix of products and services, together with our [...]
