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Article Archive for January 2010

Dubai Business | Kippreport » Dubai's population to fall 3.6 percent »
January 18, 2010 – 11:09 pm | No Comment

However, the UAE Vision 2010 report expects GDP growth in the UAE to reach 2.5 percent in 2010, up from -3.5 percent last year. “This growth will largely be driven by strong projected real GDP growth of 4.1 percent in Abu Dhabi. …

Dubai Business | Kippreport » Dubai's population to fall 3.6 percent »
January 18, 2010 – 11:09 pm | No Comment

However, the UAE Vision 2010 report expects GDP growth in the UAE to reach 2.5 percent in 2010, up from -3.5 percent last year. “This growth will largely be driven by strong projected real GDP growth of 4.1 percent in Abu Dhabi. …

Dubai Business | Kippreport » Qatar minister criticizes EU over …
January 18, 2010 – 11:07 pm | No Comment

Mohammad bin Dhaen Al Hamli, the UAE’s energy minister, said today that world oil prices are “very reasonable,” adding that “I am not comfortable with volatility in prices.” Al Hamli added that nuclear energy is part of the diversified …

Dubai Business | Kippreport » Qatar minister criticizes EU over …
January 18, 2010 – 11:07 pm | No Comment

Mohammad bin Dhaen Al Hamli, the UAE’s energy minister, said today that world oil prices are “very reasonable,” adding that “I am not comfortable with volatility in prices.” Al Hamli added that nuclear energy is part of the diversified …

Dubai Business | Kippreport » AED2.5 billion to complete property …
January 18, 2010 – 11:05 pm | No Comment

Dubai Business | Kippreport, Dubai Business , New Business thinking … UAE minister rejects calls to review court’s ruling in Sheikh Issa case · ‘Veiled threats’ from Egypt’s nightclub owners · Sheikh Issa’s acquittal “questionable” · Saudi man posing as pilot detained in Manila · Online magazine shut down for defamation · ‘Veiled threats’…

Dubai Business | Kippreport » AED2.5 billion to complete property …
January 18, 2010 – 11:05 pm | No Comment

Dubai Business | Kippreport, Dubai Business , New Business thinking … UAE minister rejects calls to review court’s ruling in Sheikh Issa case · ‘Veiled threats’ from Egypt’s nightclub owners · Sheikh Issa’s acquittal “questionable” · Saudi man posing as pilot detained in Manila · Online magazine shut down for defamation · ‘Veiled threats’ from Egypt’s nightclub owners · The …

Dubai Lifestyle News – Dubai predicts huge expansion in cruise …
January 18, 2010 – 10:00 pm | No Comment

18/01/2010 – Dubai Lifestyle News. Dubai predicts huge expansion in cruise tourism. Posted by Neil King Dubai’s tourism department has predicted a 77 per cent growth in cruise passenger numbers by 2015. …

Some markets bounce on Dubai bailout (UPI)
January 18, 2010 – 9:53 pm | No Comment

ABU DHABI, United Arab Emirates, Jan. 18 (UPI) — Dubai and Abu Dhabi stock exchanges surged Monday after Abu Dhabi came up with a $10 billion bailout for its financially struggling neighbor.

Dubai’s bailout smaller than expected (Market Watch)
January 18, 2010 – 8:30 pm | No Comment

The Dubai government says that its $10-billion bailout from Abu Dhabi announced late last year will be half the amount it had been expecting, according to published reports.

Dubai bail-out less than thought (BBC News)
January 18, 2010 – 5:49 pm | No Comment

Dubai reveals that half of its $10bn bail-out from Abu Dhabi was actually from a previous deal.

Abu Dhabi’s aid to debt-ridden Dubai shrinks to $5 billion (New York Daily News)
January 18, 2010 – 4:11 pm | No Comment

Abu Dhabi’s $10 billion December bailout to Dubai included $5 billion already committed by two banks controlled by the emirate, signaling Abu Dhabi’s cautious approach to helping its debt-laden neighbor.

Dubai Index Ends Losing Streak After Shares Reach 5-Week Low (Bloomberg)
January 18, 2010 – 2:21 pm | No Comment

Jan. 18 (Bloomberg) — Dubai’s index ended the longest losing streak since March as investors bought shares after they had reached a five-week low. Emaar Properties PJSC , the United Arab Emirates’ biggest developer, gained the most in more than two weeks.

Dubai Business | Kippreport » Death of the visa run? »
January 18, 2010 – 1:01 pm | No Comment

Visitors to the UAE have been told they must wait one month before re-entering the country. What does this mean for the legion of illegal workers in the Emirates, and those on daytrips to other Gulf states?

Dubai December Bond Sale Included Earlier $5 Billion (Update2) (Bloomberg)
January 18, 2010 – 12:36 pm | No Comment

Jan. 18 (Bloomberg) — Dubai’s $10 billion fund-raising last month, helping to repay property company Nakheel PJSC’s Islamic bond, included the $5 billion commitment made by two state-run Abu Dhabi banks in November, a Dubai government spokeswoman said.

Abu Dhabi’s Dubai aid shrinks to $5 bln (Reuters via Yahoo! Philippines News)
January 18, 2010 – 11:26 am | No Comment

* Funds available to Dubai only half previously thought

Emirates and Visa team up to offer free tourist visas during Dubai Shopping Festival (AME Info)
January 18, 2010 – 11:20 am | No Comment

Valid for all Emirates destinations that require a visa for entry into Dubai, the promotion is open to passengers in any class of travel – provided a return ticket is purchased in the UAE and a valid family member sponsors their stay.