While the general outlook for global shipping remains underwhelming, the route into the region has been performing strongly. In October 2014 the energy analysis and research firm, Platts, reported that there was an undersupply of ships serving the Gulf. This has led to a sharp spike in rates in the region and the diversion of several Aframax...
With a long tradition in boat building and a central location on one of the world’s busiest shipping lanes, Dubai remains a serious player in the shipbuilding industry. The UAE, as a whole, invested between $170m and $220m on boat design and boat building in 2013, according to the Dubai Council for Marine Industries and Drydocks World. While this includes pleasure crafts...
With a strategic position near the Strait of Hormuz, Dubai has always been a natural location for a port serving its hinterland, and the emirate has a longstanding maritime tradition. Furthermore, following the development of Jebel Ali Port, which now has the largest man-made harbour in the world, Dubai has emerged as a serious player in the global maritime industry....
This chapter contains an outline of the legal framework in which local and foreign investors operate in Dubai. It includes a look at how the emirate is positioning itself as a leading Islamic financial centre, a breakdown of regulations on foreign ownership and an overview of the smart city initiatives. This chapter contains a viewpoint from Michael Kerr, Regional Managing Partner, Dentons....
This chapter contains an overview of the tax framework in which local and foreign investors operate, including an outline of the incentives available in the free zones and a look at the opportunities in the Dubai International Financial Centre. This chapter contains a viewpoint from Mahmud Merali, Managing Partner, MERALI’S.
Dubai plays host to more than 2000 major media companies, including 120 TV channels and broadcasters, and 180 production houses. While the effects of the global financial crisis have resulted in some residual caution among market players, there is plenty of upside for Dubai’s media and advertising outfits to tap into. In first-quarter 2014 newspapers had the highest advertising expenditure,...
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