Once completed, Sheikh Mohammed Bin Zayed City will help solve the emirate’s housing shortage.
The stockpiles of oil products at the Port of Fujairah outside of the Strait of Hormuz in the Arabian Gulf dropped to a two-month low, with some traders forced to buy marine bunkers after holding off because of escalating prices.
Already well-established as one of the world’s top centres for oil bunkering, the Port of Fujairah and the adjacent Fujairah Oil Industry Zone (FOIZ) continue to attract further business and investment, recent announcements show.
Overall business conditions in Dubai’s non-oil private sector economy improved at the fastest rate in over four years in April. This mainly reflected the trend in new business, as employment was broadly unchanged during the month. Notably, business conditions in the wholesale & retail sector
Egypt’s non-oil private sector economy saw renewed growth in April, according to latest PMI data. Output expanded for the first time in nearly one-and-a-half years and new business increased at a faster rate. Input purchasing and job numbers also rose, while business sentiment towards the year-ahead outlook for activity strengthened.
Dubai Airports Chief Executive Paul Griffiths said, "We should be back at the normal sort of monthly throughputs of about 7 million passengers-plus by the end of next year. That's what we're predicting."
When you finally manage to return to reality and follow the fragrance that leads you to the perfume store, you ask the seller, "What is this scent?" He smiles at you knowingly and answers, "It is the fragrance of oud."
Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said Dubai remains committed