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samsaf
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Wouldn't life be great if all your new years resolutions would come true?
Business : Set to charge ahead
Interesting quotes:
"[A] key stakeholder DAMAC released a positive outlook and said property will be one of Dubai’s best sectors in 2011."
“The growth in population, tourism arrivals and the overall confidence in Dubai as an ideal destination for doing business continue to be drivers for the real estate sector,”
"Three reasons to celebrate
Dubai, the second biggest emirate in the UAE, has three main reasons to celebrate the year 2010. The world’s favourite shopping destination witnessed three major events last year despite difficult times due to the global financial crisis.
The emirate was at the world’s centre stage in January last for building the world’s tallest tower — the Burj Khalifa towering to an iconic 828 metres.
Other achievements included the discovery of Al Jalila offshore oilfield — the first in decades — and the launching of cargo operations at Al Maktoum International Airport, the world’s biggest airport after its completion.
Moreover, Dubai has successfully renegotiated the debt restructuring of some state-controlled companies including Dubai World, Nakheel and Dubai International Capital. Businesses and investors hailed the debt-restructuring deals as being “positive in increasing sentiment and reducing systemic risk”. However, they pointed out challenges to the high degree of leverage and difficulties facing real estate sector continue to challenge the economy of the emirate. They further said that overall outlook for the emirate is positive that will help in dealing with the creditors to settle $20 billion debt and interest due in 2011."
Business : Set to charge ahead
Interesting quotes:
"[A] key stakeholder DAMAC released a positive outlook and said property will be one of Dubai’s best sectors in 2011."
“The growth in population, tourism arrivals and the overall confidence in Dubai as an ideal destination for doing business continue to be drivers for the real estate sector,”
"Three reasons to celebrate
Dubai, the second biggest emirate in the UAE, has three main reasons to celebrate the year 2010. The world’s favourite shopping destination witnessed three major events last year despite difficult times due to the global financial crisis.
The emirate was at the world’s centre stage in January last for building the world’s tallest tower — the Burj Khalifa towering to an iconic 828 metres.
Other achievements included the discovery of Al Jalila offshore oilfield — the first in decades — and the launching of cargo operations at Al Maktoum International Airport, the world’s biggest airport after its completion.
Moreover, Dubai has successfully renegotiated the debt restructuring of some state-controlled companies including Dubai World, Nakheel and Dubai International Capital. Businesses and investors hailed the debt-restructuring deals as being “positive in increasing sentiment and reducing systemic risk”. However, they pointed out challenges to the high degree of leverage and difficulties facing real estate sector continue to challenge the economy of the emirate. They further said that overall outlook for the emirate is positive that will help in dealing with the creditors to settle $20 billion debt and interest due in 2011."
