Tag Archives: UAE

Send In the Clowns

Only two weeks since the announcement of MBR City, its first project has been revealed. Dubai Hills, being developed by a JV between Emaar Properties and Dubai Holdings, will be on similar lines to the hugely successful Emirates Hills with … Continue reading

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

Let the Good Times Roll

One of Dubai’s success stories, that seems to be under the radar, is the fact that the emirate is fast becoming one of the leading players in the healthcare market. The main drivers are the increased government and international investment … Continue reading

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

Jump

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

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

It Is Time To Say Goodbye

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

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

Even The Bad Times Are Good

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

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

Just One Cornetto

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

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

Happy Days Are Here Again

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

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