Tag Archives: flydubai

Desert Rose

The Ruler launched the World Free Zones Organisation, attended by representatives from fourteen global free zones. The new body, with Dr Mohammed Al Zarooni as its first chairperson, will have its HQ in Dubai and will be open to any … Continue reading

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

How Bizarre

Boeing seem to be having continuous problems with its new 787 Dreamliner – the latest being hairline cracks in the wings, manufactured by Mitsubishi. Another minor problem is that Emirates apparently have yet to sign off on their US$ 76 … Continue reading

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

Start Me Up

This week saw the inevitable raft of new projects being announced that always coincides with Cityscape. Probably the most surprising property news of the week was Nakheel’s plan to restart work on the much delayed Palm Deira (now to be … Continue reading

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

Shiny Happy People

Scarcely a week goes by without some report reaffirming the buoyancy of the Dubai real estate sector; the latest, that house prices are rising faster than anywhere else on the planet. With an annual 21.7% surge in the year to … Continue reading

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

What’s Up?

In only its fourth year of operations, it seems that flydubai will be make an even bigger profit than the US$ 41.4 million made for the year ending 30 June 2012. Last year, the carrier saw passenger traffic at over … Continue reading

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

Number One

Yet another indicator of the strength of the local economic recovery is the news that Dubai Mall’s sales jumped 24% in 2012 and its footfall was 20% up at 65 million visitors / shoppers. If this is any guide for … Continue reading

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

The Carnival Is Over

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

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

All Right Now

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

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

Cool wind in my hair

The Eagles flew into Dubai last week for probably the biggest concert the emirate has witnessed.  A memorable Thursday saw a sandstorm (that nearly caused the concert’s cancellation), some rain, a perfect evening and great music for the 20,000 + devotees. … Continue reading

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