Welcome
What On Earth Is A Dubai?
Dubai used to be little more than dunes at the foot of the barren Hajar Mountains and a small fishing village with a few residents eking out a living in the harsh desert. Today it is a thriving metropolis filled with the finest hotels and entertainment, state of the art infrastructures and beautiful beaches framed by a warm ocean.Perhaps the most fantastic accomplishment of Dubai is the Palm Islands, man-made islands that attract millions of tourists each year to Dubai. What was once a wasteland has become the finest oasis of comfort, education, innovation and entertainment in the civilized world. Tall buildings soar into a azure sky, galleries filled with fine art and priceless treasures are scattered throughout the city like priceless gems and the streets are lined with five star restaurants as well as more humble family eateries.
From nomadic tents to exotic resorts, barren sand to pristine ocean beaches, Dubai has transformed itself like no other city has ever done before. The ingenuity and vision shown by the people of the United Arab Emirates in building this fantastic marvel is nothing short of determined genius.
A Short History Of Dubai
The location of Dubai City made it a natural regional trading center which when combined with the pearling and fishing industry turned this place into a beehive of activity during the first couple decades of the 20th Century. World War 1, increased use of artificial pearls and the Great Worldwide Depression put an end to this prosperity, but all was not lost. With true Arab determination and resourcefulness Dubai managed to establish electrical service, an airport and telephone service in the 1950’s which brought the city into the modern era and attracted immigrants from the world over. It seems history was repeating itself as all those improvements brought a flood of commerce and started the city on the path to becoming a modern metropolis and business center. Dubai City was now set to leave its past behind and forge ahead into the future.
Dubai News Headlines
IPO WATCH: UK Pipeline Grows With Santander, DST, DP World Wall Street Journal Dubai-based port operator DP World (DPW.DIF) on Tuesday also said it remains committed to listing some of its shares on the London Stock Exchange next year, ... |
Posted on 30 July 2010 | 4:53 am
Hit by sanctions BBC News Back to the days when the city was little more than a trading port of pearls, spices and gold, ... |
Posted on 30 July 2010 | 12:22 am
![]() ArabianBusiness.com | Sukuk Trailing Emerging Debt in July Signals Gains Ahead: Islamic Finance Bloomberg Fund managers say they may make up the lost ground as funds flow into developing nations and Dubai World restructures debt. “As sentiment toward emerging ... Sukuk loses shine for traditional Gulf issuers Kazakhstan Plans Islamic Bond Sale |
Posted on 29 July 2010 | 6:48 pm
Dubai's Mashreqbank Second-Quarter Profit Drops 54% as Impairments Rise Bloomberg Mashreqbank PSC, the United Arab Emirates lender owned by the Al Ghurair family, reported a 54 percent ... |
Posted on 29 July 2010 | 7:34 am
![]() ArabianBusiness.com | Dubai's Mashreq Q2 profit down on higher provisions Reuters DUBAI July 29 (Reuters) - Dubai-based Mashreq's MASB.DU second-quarter net profit more than halved from the previous year as the lender booked higher ... Mashreq Q2 profit falls on higher provisions Mashreq Q2 profit tumbles on higher provisions |
Posted on 29 July 2010 | 7:18 am
![]() ArabianBusiness.com | Ahli United Bank, Dubai Investments, First Gulf, NBAD: Gulf Equity Preview Bloomberg Dubai Investments PJSC (DIC UH): The owner of stakes in more than 40 companies reported a 32 percent decline in second- quarter profit to 196.3 million ... Union National Profit Increases 25%, Below Estimates Sentiment towards UAE stocks improves Dubai shares break 1500-point barrier |
Posted on 28 July 2010 | 10:48 pm
Bo Derek of `Bolero,' Ruler of Dubai Feted at Gala for Work Saving Horses Bloomberg Source: Twentieth Television via Bloomberg Sheikh Mohammed bin Rashid al-Maktoum, Dubai's ruler. The sheikh's charity work includes saving aging racehorses ... |
Posted on 28 July 2010 | 9:19 pm
![]() Business Intelligence Middle East (press release) | Abu Dhabi Office Rents Fall 27%, May Drop More as Supply Increases by Half Bloomberg An abundance of supply in neighboring Dubai will help push down rents, Jones Lang said. Office rents in Dubai dropped as much as 17 percent in the second ... Hotel investment checking back in Abu Dhabi retail rents stable since Q3 2009 Rentals, sale prices dip in Capital despite project suspensions |
Posted on 28 July 2010 | 8:44 pm
Dubai Investments Profit Drops 32% on Investments BusinessWeek July 28 (Bloomberg) -- Dubai Investments PJSC, which owns stakes in more than 40 companies, reported a 32 percent decline in second-quarter ... Dubai Investments Q2 profit drops 32% Dubai Investments reports profit of US$129 million for first half of 2010 DI records Dh474m H1 net profit |
Posted on 28 July 2010 | 6:52 am
Dubai Shares Rise Most in Week as Emaar Rated Overweight at Morgan Stanley Bloomberg Dubai stocks rose the most in a week as Morgan Stanley initiated Emaar Properties PJSC with an ... Emaar Rated New `Overweight' at Morgan Stanley, Citing ``Cheap'' Valuation Emaar rating helps DFM gain |
Posted on 28 July 2010 | 4:04 am



