With already more modern retail space per person than all other markets in the region, Dubai in theory should have difficulty in justifying any expansion. Yet that would be to underestimate the emirate’s plans to double its number of tourists in the next seven years to 20m and also to expand its resident population. During the first half of 2013...
Perhaps the biggest lesson for the potential of online retail shopping has come from the country with the biggest population. November 11 has been traditionally celebrated by male bachelors in China by having a drink to help fight the blues caused by their unmarried status. Five years ago the country’s largest online shopping company embarked on...
In many ways, 2012 was a turning point for the telecoms industry in Dubai. While overall revenues rose by 10% to Dh26.9bn ($7.32bn), those from the fixed-line segment dropped by more than 8% and average revenue per user (ARPU) fell across the sector. As recent figures illustrate, parts of the sector that could once be relied upon for steady...
Even the well-documented acquisition, by the Dubai police force, of a series of high-powered sports cars in 2013 was topped for exclusivity by an announcement that the emirate was to be the manufacturing base of another of the world’s fastest automobiles. In November, Ralph R Debbas, the CEO and managing director of W Motors, said he planned to...
Between the banking centres of Europe and East Asia lies a region of 42 countries, with a population of 2.2bn and a GDP of $2.5trn. This vast swathe of land, stretching from the western tip of North Africa to the eastern edge of South Asia, has until recently been without a major financial centre. Meanwhile, economic growth across the area,...
Presenting more of a conundrum than a problem, Dubai is climbing up the league of the world’s busiest international airports. It entered 2014 smaller than only London Heathrow Airport and with ample ideas of what to do on the inevitable day when it finally takes over the top spot. In 2001 Dubai International was ranked 99th in the world, and 13...
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