Dubai records 36pc trade growth in 05
DUBAI — Reinforcing its reputation as the trading hub of the Middle East, Dubai has achieved a 36 per cent growth in trade during 2005. According to trade traffic statistics compiled by the Statistics Department of Dubai Ports, Customs and Free Zones (PCFC), total trade through the emirate surged to Dh480 billion during the year [...]
Dubai Select named as a 'One to Watch' in National Awards
Dubai Select, a company that supplies luxury property in the United Arab Emirates state of Dubai, has been unveiled as one of four finalists at the Fast Growth Business Awards 2007 in the ‘One to Watch’ category. The company, who is run by Stockport-born entrepreneur Mark Stott, is the only North-West based company in this [...]
Dubai metro fires up property prices
Demand for real estate near Dubai Metro stations is heating up in response to the rapid physical emergence of the RTA’s Dh15.5 billion project, say property consultants and agencies. Companies and residents on the hunt for real estate are increasingly prioritising locations near metro stations and are willing to pay a premium to avoid congested [...]
Dubai is to buy the Queen Elizabeth 2 cruise ship for $100m
QE2 set to become floating hotel Dubai is to buy the Queen Elizabeth 2 cruise ship for $100m (£50.5m) and turn it into a floating hotel off the Gulf emirate’s man-made islands. The 70,000-tonne vessel, launched by the Queen in 1967, is to be sold to the Dubai World firm by Carnival, the world’s largest [...]
Dubai drives UAE's non-oil GDP growth
DUBAI — UAE’s commercial capital of Dubai remains to be the country’s “key driving force” in the exceptional growth of its non-oil GDP (gross domestic product), or the sum of products and services that it produced in a given period. In its preliminary data released yesterday and sourced from the UAE Ministry of Economy, the [...]