Tag Archives: DEWA

One More Cup of Coffee

A sign of the global downturn came with Singapore Airlines’ announcement that it was asking its 2,400 captains to volunteer for unpaid leave. It seems that the carrier continues to struggle after declaring a 69% drop in annual Net Profit … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , , | 1 Comment

Telegram Sam

The impact that Emirates has on the local economy is staggering and the realty, retail, hospitality and trade sectors owe much of their recent success to the expansion, exploits and expertise of the local carrier. The aviation sector contributes US$ … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , | Leave a comment

Silent Night

In a city of superlatives, it is not surprising to see that Dubai boasts ten of its constructions over 300 metres including the world’s highest building, shopping centre and hotel, viz., Burj Khalifa (828 metres), Princess Tower (414 metres) and … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , , | Leave a comment

The End of the Line

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

Posted in Finance | Tagged , , , , , , , , , , , , , , | Leave a comment

Déjà Vu

Those who remember the boom times will recall the plans then to build Hydropolis, the world’s first underwater hotel, off the Jumeirah coastline. The idea sank with the onset of the economic meltdown only now to resurface with the news … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , | Leave a comment

Glory Days

There are several news items confirming that Dubai is striving to return to its former glory. First, the STR Global Report places Dubai hotels number 1 in the world when it comes to occupancy (86.2%) and Revenue per Room (RevPar) … Continue reading

Posted in Categorized | Tagged , , , , , , , , , , , | Leave a comment