Month: March 2006

Virgin Atlantic Launches First Services To The Middle east With Flights To Dubai

Virgin Atlantic Airways today arrived for the first time in Dubai, the airline’s 26th destination worldwide and its first Middle Eastern route. It is a key business and leisure destination for Virgin Atlantic as Dubai is the second biggest long haul route out of London, while London is the most popular long haul route out… Read more »

Dubai Property Law Signals Further Growth for the Region

In a landmark move the Dubai Government has issued a long awaited law that legalises property ownership by foreigners. It also enables foreign purchasers to profit from renting their property out. Until now property ownership was limited to residents of the United Arab Emirates (UAE) and other nationals of the Gulf Cooperation Council, which includes… Read more »

Expressway to ease Dubai-Sharjah chaos

Dubai: The long-awaited project to ease traffic congestion on Dubai’s most congested road Al Ittihad Road between Sharjah and Dubai was launched yesterday. Construction of the Dh700 million project will start in two months and will be completed in two years. The improvement and expansion of Al Ittihad Road, which is used by more than… Read more »

Anglo Irish, high interest account

The Anglo Irish Bank is offering 4.85% on sterling deposits for personal use only with 90-days notice, and has a representative office in Dubai. With returns on stock markets less certain deposit accounts are proving popular with expatriate savers.

Dubai economy strong: Projects $1.6-billion budget surplus

Dubai has projected a surplus of nearly $1.6 billion in its budget for fiscal 2006, which has been approved in a law issued by Shaikh Mohammad bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. Expenditure is projected at Dh72.9 billion ($19.8 billion) against revenue of Dh78.7 billion ($21.4… Read more »

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… Read more »