There has been a strong rebound in the travel and tourism sector which helped push up business activity in May. Business conditions in Dubai have risen to a near three-year high, according to the latest report into business activity by S&P Global. There has been a strong recovery in the travel and tourism sector which …
Business conditions in Dubai rise to near three-year high Read More »
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The UAE has reaffirmed its strengths and capabilities to host significant international conferences after winning the bid to host the 28th edition of the Universal Postal Congress which will be held in Dubai in 2025. This latest achievement reflects the country’s position as one of the world’s leading international business centres and regional hubs. The …
UAE wins bid to host 28th Universal Postal Union Congress Read More »
DP World is adding more capacities in Africa, including acquiring Imperial Logistics Dubai: The Dubai owned ports operator DP World recorded revenues of $4.94 billion in the first six months, a gain of 21.3 per cent, while net profit for the period grew by an even more impressive 75.4 per cent to $585 million. “This …
Dubai’s DP World secures $4.94b in H1-2021 revenues on strong cargo volumes Read More »
The inclusion will further diversify the company’s investor base. Adnoc Distribution, the UAE’s largest fuel and convenience retailer listed on the Abu Dhabi Securities Exchange (ADX), will be included in the FTSE Emerging Markets (EM) Index from September 16, 2021. The company said in a statement on Sunday that the inclusion is subject to final confirmation by …
Adnoc Distribution to be included in FTSE Emerging Markets Index Read More »
At the Indian interbank market, the rupee opened strong at 74.30 against the dollar. The Indian rupee appreciated six paise to 74.29 against the US dollar (20.24 versus the UAE dirham) in early trade on Wednesday as strong buying in the Indian equities and weakness in American currency overseas boosted investor sentiment. However, high crude …
This stands in stark contrast with other world property markets, where already record-high house prices were expected to rise in double digits this year. Dubai’s residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say …
Dubai villa, apartment prices to rise modestly in coming years Read More »