Category Archives: Finance

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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Wish You Were Here

Posted on September 21, 2012 by howesdubai

The main drawback of living in one of the best locations in the world is that it comes with a price – Dubai has been ranked as the 22nd most expensive city globally and number one in the ME. The … Continue reading →

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You’ll Never Walk Alone

Posted on September 15, 2012 by howesdubai

Sunday saw the third anniversary of the Dubai Metro which has carried a staggering 184 million passengers. The 52 km long Red Line was the start of the operations and has transported 152 million passengers since September 2009 whilst the … Continue reading →

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What’s Going On?

Posted on September 8, 2012 by howesdubai

A further sign of confidence in Dubai’s real estate sector was this week’s announcement that Dubai Properties Group (DPG) will resume work on its Mudon (“cities” in Arabic) development located in Dubailand. Although the initial US$ 11 billion project was … Continue reading →

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Leader of the Pack

Posted on September 1, 2012 by howesdubai

A great start to the week with the news that HH Sheikh Mohammed bin Rashid Al Maktoum had won the World Endurance Championship beating 150 riders from 38 countries over a distance of 160km; furthermore the UAE retained the team … Continue reading →

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