Author Archives: howesdubai

Jump

Posted on December 3, 2012 by howesdubai

What a week for mega projects! First came the news of a multi-billion dollar development, dubbed Mohammed bin Rashid City, comprising the Mall of the World, which would overtake Dubai Mall as the largest on the planet, 100 hotels and … Continue reading →

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What a Wonderful World

Posted on November 28, 2012 by howesdubai

The headline of the week was Sheikh Mohammed bin Rashid Al Maktoum’s approval of US$ 1.2 billion worth of projects, the largest of which was the US$ 680 million development of the Madinat Jumeirah resort in Umm Sequim to be … Continue reading →

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The Carnival Is Over

Posted on November 26, 2012 by howesdubai

This week, Dubai has been hosting the World Economic Forum’s 5th Summit on the Global Agenda, which is a precursor to their annual meeting in Davos. The three-day event was attended by more than 1,000 industry experts whose aim was … Continue reading →

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It Is Time To Say Goodbye

Posted on November 22, 2012 by howesdubai

Two recent events highlight the strength of Dubai’s economic recovery. Expanding export orders for the country has seen the HSBC Purchasing Managers’ Index at 53.8 in October – compared to say China where a similar index is at 53.5 and … Continue reading →

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The End of the Line

Posted on November 4, 2012 by howesdubai

Just how diverse the UAE economy has become can be gleaned from the fact that the country is now the leading global hub in the tea re-export market with a massive 60% share, valued last year at US$ 48 million. … Continue reading →

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Even The Bad Times Are Good

Posted on October 31, 2012 by howesdubai

Whilst  most of the world seems to be sinking into an economic abyss, Dubai continues to confound its critics with an economy which is heading north in the other direction. With the Eid holidays upon us, Dubai will see shopping … Continue reading →

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All Right Now

Posted on October 25, 2012 by howesdubai

Now that property developer Limitless, a subsidiary of Dubai World, has restructured US$ 1.2 billion of debt, the company will soon come under the auspices of the Dubai government. In addition, it has fully cleared outstandings with 92% of its … Continue reading →

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Just One Cornetto

Posted on October 15, 2012 by howesdubai

The big news of the week was HH Sheikh Mohammed bin Rashid Al Maktoum’s endorsement of the US$ 400 million plan to build a 2.8 km waterway that will connect Business Bay with the sea at Jumeirah 2. Within two … Continue reading →

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Happy Days Are Here Again

Posted on October 11, 2012 by howesdubai

Dubai’s exhibition season has started with both the 11th Cityscape Global 2012 and GITEX Shopper (with the main GITEX Technology Week being still two weeks away). HH Sheikh Mohammed bin Rashid Al Maktoum opened the popular consumer and IT electronics event … Continue reading →

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Under Pressure

Posted on October 4, 2012 by howesdubai

Facing the presssure head on is Dubai’s leading property developer, Emaar. Their recently announced ‘The Address Boulevard’ sold out within hours despite the fact that prices for the 542 serviced apartments being on the north side of high at US$ 680 … Continue reading →

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