Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Economy Advances in 2013  Join our daily free Newsletter

MENAFN - Qatar News Agency - 12/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) The year of 2013 will be remembered as a breakthrough year for Dubai as the emirate won the bid to host World Expo 2020, while witnessing strong backwinds in the field of trade, real estate, tourism and culture. Back in Dec. 2009, Abu Dhabi had to bail out Dubai with a loan worth 10 billion U.S. dollars after state-owned developer Nakheel failed to pay off an Islamic bond worth 3.52 billion dollars upon maturity. In 2013, the once shattered housing market is booming, so does the stock market. Tourists are pouring into Dubai's over 600 hotels, China's news agency Xinhua said in a report. Earlier in the week on Sunday, the Dubai customs authorities said in 2011 the emirate's foreign trade reached 1.1 trillion Dirhams (about 300 million dollars), surpassing the one trillion Dirhams (272 billion dollars) mark for the first time. It marked Dubai's strongest economic uplift since the global financial crisis in late 2009 which pushed the emirate to the brink of bankruptcy. Dubai's best moment this year is on Nov. 27, when it won the bid to host the World Expo in 2020. Meanwhile, the 10th edition of the annual Dubai International Film Festival which was opened on Dec. 6 proved that the emirate emerged as platform for the cinematic scene in the Middle East, Asia and Africa. Furthermore, the breakthrough in the negotiations between the six world powers and Iran on the latter's nuclear program on Nov. 24 triggered optimism among Dubai's exporters that eased sanctions would re-open doors to the neighboring Iranian market.

 


Qatar News Agency




  MENA News Headlines
 Jan 26 2015 - US- Rusty Mickelson fritters away chance to go lowThe Peninsula
(MENAFN - The Peninsula) Phil Mickelson has been a little rusty with his usually renowned short game in his first PGA Tour event in four months and he squandered the chance to shoot a low score at ...

 Jan 26 2015 - Qatar can go all the way with the support of fans: Al ShaabiThe Peninsula
(MENAFN - The Peninsula) Ahmad Al Shaabi, Vice President of the Qatar 2015 Organising Committee and Qatar Handball Association (QHA) President, has expressed his satisfaction at the success of the ...

 Jan 26 2015 - Magnificent Qatar create historyThe Peninsula
(MENAFN - The Peninsula) Asian Games champions Qatar overcame a fighting Austria 29-27 to book their maiden entry into the quarter-finals of a handball world championship.On the first day of the ...

 Jan 26 2015 - Qatar- QEWC reports 11pc rise in 2014 profitThe Peninsula
(MENAFN - The Peninsula) The Qatar Electricity and Water Company (QEWC) yesterday reported a net profit of QR1.53bn ($420m) (net of non-controlling interests) for the year ended December 31, 2014, up ...

 Jan 26 2015 - Qatar- QNB, QBWA sign MoU for better business cooperationThe Peninsula
(MENAFN - The Peninsula) QNB and the Qatari Businesswomen Association (QBWA) signed yesterday a Memorandum of Understanding. The MoU will focus on building successful business relationships to ...

 Jan 26 2015 - Qatar- Minister to head QE's new boardThe Peninsula
(MENAFN - The Peninsula) The Board of Directors of Qatar Exchange (QE) was restructured and a nine-member board has assumed office.H E Sheikh Ahmed bin Jassim Al Thani, the Minister of Economy and ...

 Jan 26 2015 - Qatar- QCB real estate price index indicates pullbackThe Peninsula
(MENAFN - The Peninsula) Qatar's real estate price value gains have softened a bit in December 2014 compared to the previous month. Qatar Central Bank's (QCB) updated real estate price index, which ...

 Jan 26 2015 - House summons Zarif over stroll with KerryThe Peninsula
(MENAFN - The Peninsula) Iranian Foreign Minister Mohammad Javad Zarif is to appear before parliament following controversy over a promenade with his American counterpart during intense nuclear ...

 Jan 26 2015 - World failing to avert disaster: JolieThe Peninsula
(MENAFN - The Peninsula) The international community is failing in its duty to protect civilians affected by the conflict in Iraq and Syria, US actress Angelina Jolie said in northern Iraq.In her ...

 Jan 26 2015 - UAE, Serbia trade hits USD31.57mMENAFN
(MENAFN) The UAE's Chamber of Commerce and Industry said that the trade between the UAE and Serbia are strengthening, with the trade currently standing at USD31.57 million for 2013, Gulf News ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help