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Dubai economy growing; city is livelyDubai's economy has been improving over the last two years and there is growth in every business sector, said Sheikh Ahmed bin Saeed al-Maktoum, the head of the emirate's Supreme Fiscal Committee, on Monday. More… |
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Dubai sukuk to fund airport expansionDubai will employ $1.25 billion raised through an Islamic bond last week to fund the expansion of its airport and sees no risk to repaying creditors at its flagship conglomerate Dubai World on time, a top Dubai official told Reuters on Tuesday. More… |
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Dubai targets 4.5pc growth this yearDubai will aim for economic growth of 4.5 percent this year, up from an estimated expansion of more than 3 percent in 2011, a senior economic official said on Wednesday. "The GDP of Dubai has witnessed growth of 2.5 percent in 2010 and it More… |
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Dubai earmarks $272m for giant aerotropolisDubai government has earmarked Dh1 billion ($272.2 million) for Dubai World Central, a purpose-built aerotropolis being developed to meet the future needs of the emirate's aviation, tourism, trade and logistics sectors, said a senior official. More… |
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Emirates has $4bn in reserves: Sheikh AhmedEmirates, Dubai's flagship carrier, has $4 billion in cash reserves, its chairman Sheikh Ahmed bin Saeed Al-Maktoum told Al-Arabiya television on Wednesday. Emirates placed a blockbuster order for 50 Boeing 777 jetliners at the Dubai Air S More… |
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Dubai banks 'can beat global financial crisis'Local banks in Dubai have sufficient liquidity to weather a global downturn, the chairman of the Gulf's largest bank and a key figure in its recovery from a 2009 debt crisis said. Shaikh Ahmed bin Saeed Al Maktoum, who is also chairman More… |
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Sheikh Ahmed named Emirates NBD chairmanSheikh Ahmed bin Saeed al Maktoum, chairman of Emirates airlines and uncle to Dubai's ruler, has been appointed chairman of lender Emirates NBD, state news agency Wam said on Sunday. Sheikh Ahmed replaces Ahmed Humaid Al Tayer, who is also More… |
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Emirates Group reports record $1.6bn profitThe Dubai-based Emirates Group today reported a record net profit of Dh5.9 billion ($1.6 billion) for 2010-11, despite a challenging business climate. The 2010-11 annual report of the Emirates Group - comprising Emirates Airline, dna More… |
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Top energy experts to take part in Dubai forumLeading international energy experts will discuss a comprehensive agenda during the forthcoming Dubai Global Energy Forum 2011, which will be hosted for the time in the city. The forum is being held under the patronage of Sheikh Mohammed b More… |
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Sheikh Ahmed named Dubai World chairmanDubai's ruler appointed a new board for Dubai World, the flagship conglomerate which struck a deal to restructure $25 billion in debt earlier, appointing his uncle and key adviser as chairman on Sunday. The UAE's state news agency More… |
