DFM General Index decreased by 4.7% in March

Dubai Financial Market General Index decreased by 4.7% to 1648.9 points at the end of March compared to 1730.4 points at the end of February. At the sectoral level, five out of the nine indices represented on DFM ended the month in the red, with Industrials sector decreasing the most by 10.7%, followed by the […]

Dubai population tops two million

Dubai-based population increased by more than 22,000 people, according to official data. The emirate’s population totalled 2,000,113, according to the population clock of the Dubai statistics centre. The figure means that the emirate’s people increased by 22,113 since the end of September and by around 100,000 since the end of 2010. Read more: 3 in […]

Dubai residential sales up in Q1 of 2012

Clutons Report

Mortgage lenders are competing to offer the most attractive packages The Lakes, the Springs and the Greens have all seen price gains from Q3 2011 The resonance of the ‘Arab Spring’ continues to help the Emirates maintain its ‘safe haven’ status Cluttons announced its Q1 market report for Dubai’s residential market 2012. The overall trend […]

Gold range trading pattern likely to persist

 Gold investors and traders remain focused on the prospect for further US quantitative easing. Ben Bernanke continues to talk about the need for sustained accommodative policy until the end of 2014, fuelling expectations amongst gold bulls that QE3 will occur. The Fed chairman spoke on Monday, lifting gold prices. However, gains were brief and over the next three days […]

Dubai to host Middle East Schools International Rugby Festival

7he Sevens 20 Jan 2012. Photo By Francois Steenkamp /SPOTDXB

Dubai Set To Host Emirates Airline Middle East Schools International Rugby Festival Event held at 7he Sevens 5th-7th April  The inaugural Emirates Airline Middle East Schools International Rugby Festival is set to take place in Dubai at 7he Sevens this April, bringing together hundreds of skilled rugby players from the UAE and the UK. Talented […]

Underlying outlook for silver remains constructive

  Last week, silver had posted the first positive quarterly performance since Q1 2011. The silver market is  up 16.18% on the quarter and while January and February’s very sharp gains made the market the star of the major commodities initially this year, trading has moderated over the last month. The market is holding above the underlying bull […]

Dubai saves record 216MW during Earth Hour

Earth Hour

Dubai Electricity and Water Authority (Dewa) said the Earth Hour 2012 celebrations drew overwhelming support from all sectors of the community in the emirate and helped achieved a record saving of 216,000 KW/h and 130,000 kg carbon emission. Announcing the achievement, Dewa said thanks to the support of people in Dubai, the global event, held […]

Global Village Tremendous Commercial Success

 Global Village, the largest outdoor family entertainment venue in the region and member of Tecom Investments, brings its 16th and longest season ever to a triumphant close. Almost 5 million visitors were welcomed through the 151 day event. This included a new record of 165,000 visitors in a single day. The volume of trade generated […]

Internet marketing can top traditional models

Marketing Effectiveness: Getting the right returns from brand investments Results of a Nielsen study looking at marketing of products in Asia-Pacific, the Middle East and Africa concluded that not all paid media dollars expect a lift in consumer product revenue. Sometimes brands need to weight more promotional price discounting and Internet buzz into the mix. […]