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Dubai Chamber analysis highlights retail growth and expected rise in US dollar and oil prices
The key factors behind the strong growth forecast in UAE’s retail sales in 2010 and beyond is the expected increases in household consumption, growing urbanisation, high wealth levels as well as an overall improvement in consumer confidence as the worst of the economic crisis is over. One further factor that will assist the retail sector in growing is the success of the Dubai Metro, which started some services in September 2009. With some stations located inside or adjacent to major shopping malls, retailers are expected to see sales rise significantly.
RTA showcases Dubai Metro project achievement experiment at Asia Pacific Rail Conference in Thailand
H.E. Mattar Al Tayer, Chairman of the Board and Executive Director of Roads & Transport Authority (RTA) headed RTA delegation that took part in Asia Pacific Rail Conference held in the Thai capital Bangkok; where H.E. presently RTA experiment in achieving Dubai Metro Project.
Take the Dubai Metro to be happier
Using your car might give you a greater sense of control, but taking the Metro gives you more confidence to reach your destination without an accident, according to Dr Raymond H. Hamden, a clinical and forensic psychologist with Human Relations Institute in Dubai Knowledge Village.
Dubai Economy Set for Rebound
All the positive indicators for the year 2010 show that Dubai is still a sound investment destination in the region as is proved by the surge in the number of passengers travelling through Dubai International Airport, the timely launch of the Dubai Metro and other infrastructure projects.
Dubai tells officials to find another $1bn in cuts
Dubai has ordered government departments to cut spending by 15 per cent as the emirate aims to plug a budget shortfall that has grown since the global economic downturn. Officials have been told to make the cuts to save Dh3.7 billion (US$1bn).
Trade, logistics to power Dubai economy
“Despite a challenging 2009, a 2010 come-back looks imminent to us as the government continues to move forward with its infrastructure expansion plans such as the Dubai Metro, Al Maktoum International Airport and other major infrastructure projects,” said Hesham Al Shirawi, second vice-chairman of the DCCI.
Japan’s Dubai Rail Builders Surge, Hong Kong Property Market Smoking Hot
While most shares declined in Tokyo, news reports that Dubai’s government has allocated 18.3 billion dirhams ($5 billion) to help keep Dubai World afloat while it sorts out issues with creditors, sent shares of several engineering companies involved in the building of the Dubai Metro surging.
Why not open all the Dubai Metro stations?
Construction of all the Metro’s red line stations will be completed by April 25.But many will only open some “months” after that date. Why? Dubai’s Roads and Transport Authority (RTA) announced on Saturday that work on all the remaining 18 stations on the Dubai Metro’s Red Line will be complete by April 25 2010.
