Dubai

Dubai (/dˈb/ doo-BY; Arabic: دبي Dubayy, Gulf pronunciation: [dʊˈbɑj]) is the most populous city in the United Arab Emirates (UAE). It is located on the southeast coast of the Persian Gulf and is one of the seven emirates that make up the country. Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country's legislature. The city of Dubai is located on the emirate's northern coastline and heads up the Dubai-Sharjah-Ajman metropolitan area. Dubai is to host World Expo 2020.

Dubai has emerged as a global city and business hub of the Middle East. It is also a major transport hub for passengers and cargo. By the 1960s Dubai's economy was based on revenues from trade and, to a smaller extent, oil exploration concessions, but oil was not discovered until 1966. Oil revenue first started to flow in 1969. Dubai's oil revenue helped accelerate the early development of the city, but its reserves are limited and production levels are low: today, less than 5% of the emirate's revenue comes from oil. The emirate's Western-style model of business drives its economy with the main revenues now coming from tourism, aviation, real estate, and financial services. Dubai has recently attracted world attention through many innovative large construction projects and sports events. The city has become iconic for its skyscrapers and high-rise buildings, in particular the world's tallest building, the Burj Khalifa. Dubai has been criticised for human rights violations concerning the city's largely South Asian workforce. Dubai's property market experienced a major deterioration in 2008–09 following the financial crisis of 2007–08, but the emirate's economy has made a return to growth, with a projected 2015 budget surplus.

Latest News for: Dubai notes

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Al Mal Capital's upcoming real estate fund IPO should keep investors satisfied

Gulf News 27 Oct 2020
Yes, there are already two REITs - Emirates REIT launched in 2010 and ENBD REIT in 2017 - but both are listed on Nasdaq Dubai. With Dubai awalys rated highly for its prime real estate, it is certainly surprising to see there aren't more REITs ... Al Mal Capital, a subsidiary of Dubai Investments, has strong management capabilities....
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Gulf economies set for steep contractions this year before rebounding: Reuters poll

Metro USA 27 Oct 2020
DUBAI (Reuters) – The six-member Gulf Cooperation Council faces a steep economic contraction this year before partially rebounding in 2021, with most countries facing sharper declines than previously estimated, a quarterly Reuters poll showed ... noted analysts at NBK....
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New coats, winter accessories will be distributed to kids Sunday

Olean Times Herald 27 Oct 2020
The Operation Warm Hearts distribution will be held from 1 to 3 p.m. Sunday under the pavilion, which will have heaters, in Lincoln Park ... “So we started buying coats for kids ... Inside the Dubai Aquarium. She noted their February shopping spree and setting up the organization occurred just before the Covid-19 pandemic caused the shutdown of the nation ... ....
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Dubai Design Week gears up for debut Mena Grad Show

Gulf Daily News 26 Oct 2020
Dubai Design Week, the region's largest creative festival, has announced the debut launch of Mena Grad Show, a new addition to its Global Grad Show initiative, a year-round programme for university graduates and professors working on solutions for a better future....
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Sudan joins other Arab states in recognizing Israel, Trump announces

The Oregonian 24 Oct 2020
It also delivers a foreign policy achievement for Trump just days before the U.S. election and boosts his embattled ally, Israeli Prime Minister Benjamin Netanyahu ... “We are cooperating with everyone ... Associated Press writers Jonathan Lemire in Washington, Josef Federman in Jerusalem and Isabel DeBre in Dubai contributed to this report. Note to readers....
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Trade bodies raise concern over cargo restrictions for foreign carriers in Kerala

Business Line 23 Oct 2020
The trade and industry has voiced concern over the Centre’s decision to implement cargo restrictions for foreign carriers, saying that the move has resulted in a serious drop in the air cargo exports from Kerala ... No connection flights ... If the cargo is exported via the sea route, it would take seven days to reach Dubai, the Chamber noted ... .......
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Abu Dhabi, Dubai power digital innovation drive

Gulf Daily News 22 Oct 2020
The global pandemic has not slowed down Abu Dhabi and Dubai’s digital innovation drive, experts noted during a live online forum hosted yesterday by the Embassy of Italy to the UAE as part of InnovItalyUAE initiative ... From Dubai, Patrick Noack, Executive Director Future Foresight and Imagination, Dubai Future Foundation said....
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US officials link Iran to emails meant to intimidate voters

Cleveland 22 Oct 2020
WASHINGTON (AP) — ‎U.S ... Purportedly from far-right, pro-Trump groups like the Proud Boys, the fake emails were apparently aimed at intimidating voters ... content.” ... Cassidy in Atlanta; Michael Balsamo, Colleen Long and Zeke Miller in Washington; Amir Vahdat in Tehran, Iran; and Jon Gambrell in Dubai, United Arab Emirates, contributed. Note to readers ... ....
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Sanjay Dutt BEATS Cancer; Says 'I Am Happy to Come Out Victorious On My Kids' Birthday'

Yahoo Daily News 21 Oct 2020
The Torbaaz actor taking to his Instagram account penned a note sharing that he has come out of this dreadful disease victoriously, thus, making it the best gift for his kids ... In the note he mentioned almighty giving such hard battles to the strongest soldiers only ... In his note he also thanked Dr....
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Azizi launches fly-in programme for Israeli investors

Gulf Daily News 21 Oct 2020
The programme, which was originally launched in December last year and had to be put on hold due to Covid-19-related travel restrictions, has now resumed, said the Dubai developer.  ... "The Dubai property market has a lot to offer and we're happy to put it on the world stage," he added.-TradeArabia News Service....
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Gulf bond flurry sets $102bn record before US election

Arabian Business 21 Oct 2020
Gulf Cooperation Council sovereigns and corporates have sold $102 billion in debt so far this year, already exceeding the highest full-year figure. Junk-rated Oman was in the market on Wednesday with a sale of seven-year and 12-year dollar notes, alongside offerings by Qatar Islamic Bank SAQ and the Investment Corporation of Dubai. [node.story_0] ... ....
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Dubai average office rents down 6.5pc in Q3

Gulf Daily News 20 Oct 2020
With the average office rents in Dubai falling by 6.5 per cent and prime office rents down by 4.7% in the year to the third quarter, companies are looking to take advantage of weaker market conditions to upgrade their occupational space whilst being mindful of increasing total spend, according to property expert Knight Frank....
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Ras Al Khaimah airport now offers cheapest UAE entry point tickets

Gulf News 20 Oct 2020
Dubai ... A flight from Peshawar to Ras Al Khaimah can be booked for less than Dh600 against the Dh700 – Dh800 charged by airlines to Dubai and Sharjah ... over to Dubai or Sharjah ... Travel agents have noted an increase in inbound tourists to Dubai since the emirate re-opened on July 7....
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