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Dubai’s GDP booms in the 4th quarter of 2011

An increase of 5.3 per cent of the real gross domestic product (GDP) of Dubai over the fourth quarter of 2011 reflects the outcome of the growth of construction and manufacturing. In addition to transport and storage, wholesale and retail trade, real estate, and the financial sector which altogether contributed…

Majid Al Futtaim Plans To Invest Dh3b For Dubai Businesses

Majid Al Futtaim has announced its plans to invest Dh3 billion to extend and enhance its Dubai businesses over the next five years. The plans will include two new hotels, improving two existing hotels, augmentation to its flagship Mall of the Emirates and Diera City Center shopping malls; opening four…

Dubai Greenification Meets Half Of The Target

Last week, Dubai civic body announced that by 2020, the city will be more environment-friendly thus it will be turn as “green city”. Base on the plan, 4% of the city will be converted into parks and an area occupied with nurseries and cultivated land. The concept of Greenification was…

Abu Dhabi’s 1st Financial District To Build 3 New Bridges

Mubadala published a tender document last Sunday inviting companies in tendering to build the 3 new bridges number 4, 10 and 11 in Abu Dhabi’s financial free zone. To be able that companies be pre-qualify and get an invitation for the project on July 9, it must have a track…

Most Arab Job seekers Want To Work In UAE

A Dubai-based job and career advice firm made a study on where do Arab expatriate jobseekers want to work with. And the survey shows that 90% of regional job seekers aspire to work in United Arab Emirates. On the survey made to Arab nationals aged 28-24, 1,300 or 86.6% out…