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Permanent Naif Souq To Be Ready in a Year
Traders will have to wait for at least another year for the opening of the permanent Naif Souq. Senior officials of the Dubai Municipality told Khaleej Times recently that the construction of the souq started only last month and that it would take at least a year before the permanent structure is ready. A huge fire [...]
Continue reading...UAE Grants Licences to Three Foreign Banks
16. December 2008
Abu Dhabi The UAE Central Bank said on Monday it has granted wholesale banking licences to three foreign banks, including Deutsche Bank, that would enable them to take deposits and provide loans to institutions. Japan’s Mitsubishi UFJ Financial Group and Industrial and Commercial Bank of China have also been granted wholesale licences, the Central [...]
Continue reading...Dubai Named World’s Leading Destination and Cruise Port
4. December 2008
Dubai has been named the world’s leading destination and cruise port at this year’s World Travel Awards. Theevent, dubbed “the Oscars of the travel industry”, was held on Tuesday night on the Caribbean island of Turks and Caicos, the third year running the spot has hosted the ceremony. Dubai also snatched a slew of other awards [...]
Continue reading...RAK Tourism Boosts Hotel Developments
1. December 2008
RAK Tourism, the organisation tasked to support, promote and attract tourism initiatives in Ras Al Khaimah, has announced the construction of nearly two dozen 5-star hotels plus several more premium hotel and hotel apartments in the emirate. The contractors have already started the construction works on these hotels in Ras Al Khaimah and within the [...]
Continue reading...Dubai Continues to Record Strong Growth in Foreign Trade
19. November 2008
Dubai continues to register strong growth in foreign trade, by recording an overall trade surplus with all its trading partners and reaching Dh56.6 billion in the third quarter of 2008, higher by 25 per cent over the corresponding period in 2007. Statistics show that Value of export/ re-exports of Dubai Chamber members covered by Certificates of [...]
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21. December 2008
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