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  • Dubai
    Analysis: Mounting supplies: Dubai’s impending property correction

    There has also been a marked deterioration in the economic outlook for Dubai over the summer. Oil prices are down sharply. The dollar-linked dirham has appreciated very quickly making Dubai tourism and trade less competitive. Interest rates are going up. The global economy appears to be slowing down and not expanding as previously thought. Geopolitical events are another headwind. The progress of ISIL is alarming to everyone in the Gulf. The nuclear talks in Iran are coming to an end. Ebola is bad for the travel business. The sanctions against Russia have crushed the ruble. Dubai is a global hub city and business here is far from immune.

  • China and Dubai
    China to become Dubai’s largest trading partner this year as Chinese comprise 10% of its population

    The 200,000 Chinese now resident in Dubai comprise around 10 per cent of its population. This is a phenomenal rise from very low numbers since the relaxing of visa requirements in the wake of the global financial crisis in 2009. There are some 4,200 Chinese companies established in the city and Chinese guests make 25 per cent of bookings for the iconic Burj Al Arab Hotel.

  • Iraqi Kurdistan
    Iraq’s Dubai Hits the Pause Button

    Iraq's Kurdistan region has temporarily shelved its dreams of becoming a new Dubai -- a glittering, oil-rich haven from chaos. With the fight against the Islamic State at its doorstep, Kurdish leaders are focusing on keeping their region free of jihadi violence and on navigating the treacherous waters of relations with Baghdad, Turkey, and Iran. In the midst of a deep economic crisis, their financial salvation has rested on disputed oil flowing from fields now under Kurdish control.

  • Dubai Theme Parks
    Watch out Orlando, Dubai wants to be the world’s biggest theme park destination

    While Dubai is currently home to a handful of theme parks -- most notably Wild Wadi and Atlantis The Palm's Aquaventure -- the city has yet to establish much of a track record in the industry. Many projects announced prior to the 2008 crash were assigned to the scrap heap afterwards. "In our industry, there tends to be more announcements of theme parks than those actually built," warns Gerner. "It's a quandary for analysts like myself. Typically we look at new projects as a share of the existing market, so it's very hard to evaluate the potential for going into somewhere entirely new."

  • Dubai, Saudi Arabia lead rebound as panic eases; strong Q3 earnings

    Most major stock markets in the Middle East rebounded on Monday, led by bourses in Dubai and Saudi Arabia, as global equities stabilised and several companies in the region reported strong quarterly earnings.

  • Regional Stock Markets
    Dubai Stock Plunge Leads Middle East Rout After Global Selloff

    Dubai shares dropped the most in almost four months, leading Middle East equity declines, after investor concern global growth will slow sparked a selloff worldwide. Saudi Arabia’s stocks fell the most since March 2011.

  • Social Entrepreneurship
    What can a Dubai fashion startup teach you about social entrepreneurship?

    Determined to make a difference, the two women cofounded JUST, a social enterprise that aims to enable a transparent and “values-driven, not value-driven” fashion supply chain by connecting designers and manufacturers to ethical, sustainable suppliers. JUST leverages technology to promote transparency within the fashion supply chain by authenticating suppliers based on their ethical and sustainability standards and presenting them on an easy to use online platform for designers and manufacturers.

  • Housing
    Saudis second-biggest investors in Dubai real estate sector

    DLD’s report revealed that citizens of Saudi Arabia were ranked in second place on the list of GCC real estate investment after making 1,121 transactions worth AED3,371 billion in the first half of 2014.