Dubai was officially declared as the venue for the World Expo 2020 at the 158th General Assembly of the Bureau International des Expositions (BIE) in Paris on Wednesday.
The meeting of the 168-member governing body ratified the Ex
Implementing a strong legacy strategy that will benefit both participants and the local economy is a key component of Dubai’s Expo 2020 preparations, the chairman of the event’s Preparatory Higher Committee said.
More than 250 leading aviation groups from 39 countries will be showcasing their innovative products and solutions at the Airport Show-2014 which opens in Dubai on Sunday (May 11).
The event is co-located with the Global Airport L
Dubai'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.
Dubai 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.
Dubai 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
Dubai 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.
Emirates, 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
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