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Monthly Archives: March 2013
Don’t Look Back In Anger
There is no doubt that the local tourism industry is booming and latest figures from the World Travel and Tourism Council just serve to confirm this. The massive impact this sector has on the economy can be gauged from the … Continue reading
Posted in Finance
Tagged Al Sufouh trams, DEWA, DFM, Dubai, Dubai Duty Free, Dubai Financial Market, HH Sheikh Mohammed bin Rashid Al Maktoum, HSBC, Kaloti Group, UAE
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Help!
Last year, the UAE economy grew by 6.5% with GDP rising to US$ 375 billion, mainly because of higher oil prices and increasing investment from within the region moving to a comparatively safe zone. Saudi’s GDP accounted for 43.1% of … Continue reading
Goodbye Yellow Brick Wall
There is no doubt that tourism is a major driver for the Dubai economy, epitomised by January’s hotel occupancy, which rose to a giddy 89.6% – helped along by the success of the month-long Dubai Shopping Festival which this year … Continue reading
Money For Nothing
Latest reports indicate that the tourism boom continues unabated with Dubai hotels registering an 83.6% occupancy rate last year – with more of the same on the plate in 2013. More impressive was the climb in both RevPAR (revenue per … Continue reading
Posted in Finance
Tagged Arabtec, DFM, Dubai, Dubai Financial Market, Emaar, Emirates, emirates airline, Emirates NBD, Empower, Nakheel, UAE
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