Month: February 2007

Dubai World to Boost Port Operations 50 per cent

After relinquishing control of its United States operations to an American International Group Unit in December 2005, Dubai Ports World now plans to increase the number of containers it handles by 50 percent over the next three years, said Sultan Ahmed bin Sulayem, chairman of Dubai Ports. The company currently has 52 ports in operation… Read more »

Football Star Ronaoldo in Dubai

Football star Cristiano Ronaldo vacationed in Dubai just a few weeks ago. The Manchester United and Portugal football player spent five days in Dubai, touring the city and venturing out on an exhilarating desert safari trip organized by the Dubai Department of Tourism and Commerce Marketing (DTCM). Ronaldo, who turns 22 on Feb. 5, lauded… Read more »

Another Good Year for Dubai Hoteliers

Home to many of the world’s most opulent and extravagant hotels, the Middle East posted double-digit revenue per available room (revPAR) for hoteliers across the region, according to year-end data for 2006 from the Hotel Benchmark Survey by Deloitte. The average room rate in the region for 2006 was US$143 in 2006, up from US$120… Read more »

IAPCO Seminar Praise Dubai Facilities

It was all praise for Dubai’s facilities at the latest meeting of the International Association of Professional Congress Organizers (IAPCO). Speakers at the seminar, which opened Jan. 30, 2007, at Le Meridien Hotel, agreed that Dubai’s facilities are among the best in the world for hosting international meetings and conferences. Nearly 100 professional organizations including… Read more »

Dubai World Central taking shape

The world’s largest airport is quickly taking shape. Work on the Dubai World Central (DWC) airport has begun with the award of two major construction contracts. The first contract has been awarded for Dubai Logistics City (DLC) headquarters and Office Park, which will include a total of 18 buildings. The Office Park will be part… Read more »

Spanish market remained strong in 2006

House prices in the UK rose at a faster pace during 2006 than in other major European economies such as France, Germany or Italy, a survey has said. The Royal Institution of Chartered Surveyors’ European Housing review found UK prices rose by about 10% last year, helped by a sound economy. This compared with a… Read more »