Business and Economy

Dubai hosted record number of international tourists than ever before in 2023

Dubai hosted record number of international tourists than ever before in 2023

09 Feb 2024

Dubai recorded its best-ever annual tourism performance in 2023, with international tourist arrivals to the emirate increasing by 19.4 per cent annually to 17.15 million, amid the continued expansion of its economy.

Last year’s figure exceeded the previous record of 16.73 million visitors registered in 2019, according to the latest data published by Dubai’s Department of Economy and Tourism.

“Dubai’s ability to constantly generate diverse and refreshingly novel travel and... Read More

DAMAC elevates Dubai’s waterfront living with four iconic residences

DAMAC elevates Dubai’s waterfront living with four iconic residences

15 Sep 2023

As the Dubai’s skyline continues to evolve, DAMAC Properties reaffirms its position at the forefront of luxury real estate with an exclusive focus on waterfront living. Offering some of the most prestigious residential projects including: DAMAC Bay, Cavalli Couture, Canal Heights, and Coral Reef.

DAMAC Bay: Where Fashion Meets the Ocean

Located in Dubai Harbour, DAMAC Bay maintains a design scheme inspired by the wonders of maritime life throughout, with an interior that... Read More

Nakheel launches Rixos Hotel & Residences on Dubai Islands

Nakheel launches Rixos Hotel & Residences on Dubai Islands

31 Jul 2023

Nakheel, the world-leading real estate master developer based in the United Arab Emirates, in partnership with Excelsior Real Estate LLC, has launched Rixos Dubai Islands, Hotel & Residences, a new waterfront development offering a resort lifestyle in a curated and relaxed setting situated in a prime location on Dubai Islands, on the northern coast of the emirate of Dubai.

Rixos Dubai Islands, Hotel & Residences is the first luxury hotel and residential offering on Dubai... Read More

Nakheel launches Como Residences on Palm Jumeirah

Nakheel launches Como Residences on Palm Jumeirah

01 Jun 2023

Nakheel, the world-leading master developer, has launched Como Residences, a new exclusive residential development on Palm Jumeriah. Como Residences will offer unrivalled luxurious living experiences with privacy, exclusivity and extensive premium amenities. The development of Como Residences underlines Nakheel’s commitment to enhance the quality of life for citizens, residents, and visitors of Dubai by providing elevated waterfront living experiences.  

The residences will redefine... Read More

Dubai Summer Surprises is back with the best shopping deals and dazzling entertainment

Dubai Summer Surprises is back with the best shopping deals and dazzling entertainment

05 Jul 2022

Dubai Summer Surprises (DSS) is back with a special silver jubilee edition, taking over the city for the next two months. That means the best shopping deals, dazzling entertainment and some great summer staycations across a variety of Dubai hotels to enjoy. 

Residents and tourists can look forward to shopping, saving and seeing family-friendly shows until September 4.

Ahmed Al Khaja, chief executive of Dubai Festivals and Retail... Read More

Arabian Travel Market 2021: UAE’s tourism industry set for impressive recovery

Arabian Travel Market 2021: UAE’s tourism industry set for impressive recovery

26 May 2021

Arabian Travel Market 2021, the first large scale face-to-face travel industry event since the outbreak of pandemic unlocked business potential within the Middle East for inbound and outbound tourism professionals. Tourism destinations from around the world showcased a diverse range of accommodation options, breathtaking tourism attractions, and travel technology and key airline routes. Also, for the first time in the event's 28-year history, this year's showcase runs as a hybrid event, with... Read More

Ithra Dubai announces the launch of Plot 3 of the Deira Enrichment Project

Ithra Dubai announces the launch of Plot 3 of the Deira Enrichment Project

02 Sep 2020

Dubai, United Arab Emirates (UAE) - September 1st, 2020: Ithra Dubai, wholly owned by the Investment Corporation of Dubai, announces the launch of Plot 3 of Phase 1 of the Deira Enrichment Project (DEP.) Known as “Sherina Plaza,” Plot 3 has entered the close-out and handover phase, leading the way before Plots 1, 2, 11 and 12 soon to be completed within Phase 1 of DEP. 

The announcement was made during a media tour of Plot 3 organized by Ithra Dubai and attended by the developer’s... Read More

Dubai-China trade posts 81% growth

Dubai-China trade posts 81% growth

13 Nov 2019

Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang.

The visitors were briefed on the experience of Dubai Customs in developing and sustaining customs systems and the international supply chain.

The meeting is part of the efforts of Dubai Customs to enhance cooperation and coordination with... Read More

Alibaba's online retail blitz known as Singles Day has pulled in $24 billion so far, China's biggest e-commerce company said on Monday.

Alibaba's online retail blitz known as Singles Day has pulled in $24 billion so far, China's biggest e-commerce company said on Monday.

11 Nov 2019

The event regularly racks up bigger sales than Black Friday and Cyber Monday combined — and with more than half a day left in the shopping extravaganza, Alibaba (BABA) appears to be on track to surpass last year's $30 billion haul.

During Singles Day pre-sales, which kicked off three weeks ago, Estée Lauder (EL) raked in a record 1 billion yuan ($143 million) in pre-orders, Alibaba said on Sunday. Alibaba users also pre-ordered 100 million yuan ($14 million) worth of Apple (AAPL)... Read More

Investcorp, China Everbright enhance collaboration for investments in Greater China technology sector

Investcorp, China Everbright enhance collaboration for investments in Greater China technology sector

07 Nov 2019

Investcorp, the Bahrain-based alternative investment manager, and China Everbright Limited, a Hong Kong-based alternative investment firm, announced today a new milestone in their existing partnership by combining their investment teams investing in the Chinese technology sector.

The combined team and investment committee will jointly manage the China Everbright New Economy Fund I. In addition, Investcorp and China Everbright intend to explore the opportunity to establish a successor... Read More

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