Month: April 2007

Low-cost carrier passengers rise 25.9% to 1.5 mln year-on-year

The number of passengers arriving in Spain on low-cost airline transport increased to 1.5 mln in March, up 25.9 pct from a year earlier, the Ministry of Industry, Tourism and Commerce said. In a statement, the ministry said the amount represents 35.1 pct of the total arrivals by air. The low-cost sector was 64 pct-dominated… Read more »

Countdown to the 5th Dubai City of Gold Conference

The 5th edition of the annual Dubai City of Gold Conference, organised by the Dubai Gold & Jewellery Group in association with the Dubai Multi Commodities Centre, will begin on Sunday, April 22, 2007, at the Park Hyatt, Dubai. The two day premier event for the global jewellery industry will discuss vital issues facing the… Read more »

Spanish Property Taxes Cut

Spanish government reduces capital gains and withholding tax for non-resident overseas investors selling property. Intense, lengthy lobbying by non-residents who own property in Spain has resulted in the country’s government lowering the rates of capital gains and withholding taxes charged when overseas property investors sell, putting the rates in line with those charged to resident… Read more »

Escrow accounts to become standard across Dubai

One step ahead Dubai Select were one of the first developers in Dubai to provide an escrow account for their developments. Dubai Select proactively chose to provide this service to ensure the security of client’s money, as opposed to sitting back and waiting for this type of protection to be imposed by the authorities in… Read more »

Plans for a Greener Dubai

Rapid economic growth will see Dubai’s power demand double by 2015 and the emirate is looking at energy conservation and solar and wind schemes to help meet its electricity needs, Dubai’s ruler said in an interview. “Even under modest growth scenarios, Dubai’s electricity demand is expected to double by 2015,” United Arab Emirate Vice-President, Prime… Read more »