Dh5.8b surplus budget for Dubai approved
Dubai: Dubai’s budget for the 2006 fiscal with a projected surplus of Dh5.8 billion has been approved by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The budget’s revenues for this year were estimated at Dh78.7 billion, while expenditures stood at Dh72.9 billion, reported [...]
Dubai property prices are still going up?
Academic discussions about the future of Dubai property are one thing. But have you noticed how prices are moving in 2006? So far there is no sign of supply catching up with demand and house prices are still on the way up. One advertisement for a Dubai apartment tower last week presented readers with the [...]
Dubai makes the UK's top ten markets
For the first time trade statistics released by the UK’s Department of Trade and Industry show that Dubai is now the UK’s 10th largest export market globally, up from 17th place in 2004. UK exports to Dubai rose 134% in 2005 reaching a total value of 30.9 billion Dirhams (£4.76 billion). UK exports to the [...]
Will Smith spotted in Dubai
A little singing bird saw actor Will Smith at the Buddha Bar, Grosvenor House, Dubai. We are glad to see Dubai’s night life is swinging enough for Hollywood hunks. Smith was in India last week to launch Sony Entertainment’s English-language movie channel, Pix, and was a guest on Indian Idol, the country’s version of American [...]