The number of contracts traded on the Dubai Gold & Commodities Exchange (DGCX) rose to 1,176,111 in January, an increase of 22 per cent over the figure for December 2014 and 13 per cent more than in the same month…
Category: Dubai2020
Dubai-based Nakheel has invited bids for two contracts.
Spending at Dubai Duty Free to rise 10 per cent in 2015: Bloomberg
Spending at Dubai International Airport could rise by more than 10 per cent to $2.1 billion in 2015, Dubai Duty Free deputy chairman Colm McLoughlin said in an interview published by Bloomberg. This would restore Dubai Duty Free as the…
Dubai real estate market has stabilised: JLL
The Dubai real estate market, which boomed before and after the announcement in November 2013 that Dubai had been named to host the World Expo 2020, is showing signs of stabilising, according to the fourth quarter Dubai Real Estate Market…
UAE to approve green economy strategy that will create 160,000 new jobs
The UAE will soon approve a green growth plan that will create 160,000 jobs in different parts of the emirates and boost the economy by up to 5 per cent by 2030, the Green Economy & Green Jobs briefing in…
MEED conference told Dubai has solar power purchase and smart meter programme; electric vehicle charging stations
Dubai, 9 September 2014. The Dubai Electricity & Water Authority (DEWA) has launched the Middle East’s first programme to allow private owners of solar power plants to sell electricity into the national grid as part of its AED 7bn smart…
Dubai apartment prices rose in Q2 at annualised rate of more than 25 per cent: Asteco
The rate of increase in the sales prices of homes in Dubai slowed in the first half of 2014 but continued to grow at an exceptional rate in April-June, according to figures in the latest Dubai property market report by…
Dubai races to complete tram system for November opening
In November 2014, Arabia’s first tram system will start operating in the city of Dubai to start a new era for Middle East mass passenger transport. Dubai’s Road & Transport Authority (RTA) is racing to ensure trams will be running…
IMF says UAE economy strong, inflation rising, Dubai debts now $142bn
The Article IV consultation staff report on the UAE published on 3 July 2014 says the UAE economy is robust, its surpluses will continue but inflation could hit 5 per cent by the end of the decade. Dubai’s government debts are…
Dubai Energy Agency to be Gulf energy efficiency model
The Dubai Energy Agency (DEA), which will be established next year to lead energy efficiency and renewable programmes in Dubai, creates a new model that will influence other GCC states, Gulf observers say. The UAE daily The National today reported…
Dubai water projects excite the market
Two major Dubai waterside projects are exciting the UAE construction market. MEED reported today that Shaikh Mohammed Bin Rashid al-Maktoum had approved the $544m Dubai Creek waterside project which will be developed by Meraas. Companies in Dubai are also preparing…