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Friday 03 September 2010

BEST OF DUBAI

 

"It isn't too early for me to say to the world that the Dubai narrative is all about changing people's lives for the better through smart capitalism, willpower and positive energy."   -H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

 

 

 

Dubai is one of the seven emirates and most populous city of the United Arab Emirates (UAE). It is located along the southern coast of the Persian Gulf on the Arabian Peninsula.  Written accounts document the existence of the city for at least 150 years prior to the formation of the UAE.  Dubai has been ruled by the Al Maktoum dynasty since 1833. The emirates' current ruler, Mohammed bin Rashid Al Maktoum, is also the Prime Minister and Vice President of the UAE.

 

 

 

The emirate's main revenues are from trade, real estate and financial services.  Petroleum and natural gas contribute less than 6% (2006) of Dubai's US$37 billion economy (2005).  Real estate and construction, contributed 22.6% to the economy in 2005, before the current large-scale construction boom.  Dubai has attracted worldwide attention through innovative real estate projects and sports events.

 

Dubai RSS Feeds

  • UAE Armed Forces continues humanitarian operation in Pakistan Multan - The relief wing of the UAE Armed Forces intensified its humanitarian operations in Pakistan by distributing food and other aid in several districts devastated by the flooding. The relief works are in progress as per directives from President
  • RCA team begins vaccination drive in Pakistan's Nowshera city Islamabad - The medical team sent by the UAE Red Crescent Authority (RCA) has started its drive to vaccinate the inhabitants of Nowshera city, which was worst hit by the recent floods. The vaccination campaign implemented in cooperation with the Unit
  • Qatari Prime Minister: Relations with UAE outstanding Doha - Qatari Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jaber al-Thani on Wednesday described the UAE-Qatari relations as unlimited, strategic and outstanding on all levels and see high-level coordination on all common political
  • Al-Mansouri: UAE economy remains solid, to achieve more growth The Minister of Economy Sultan bin Saeed Al Mansouri said the UAE economy remains robust thanks to the diversification provided for in the wise leadership's economic policies.
    The UAE economy is capable to achieve a growth rate of 2.5% in 2010, c
  • Foreign Trade Ministry is working on innovative strategy to enhance UAE trade globally, Sheikha Lubna Sheikha Lubna Al Qasimi, Minister of Foreign Trade, has said that ministry is working on realistic policies and innovative models to enhance UAE trade globally in tandem with government vision and its developmental strategy.
    During her annual Ram
  • TAKREER awards EPC works for Inter Refinery Pipeline (IRP-II) Project TAKREER (Abu Dhabi Oil Refining Company) announced yesterday that a contract worth US$ 623 Million has been awarded to GS Engineering '&' Construction Corporation for Engineering, Procurement, Construction and Commissioning (EPC) works of the Inter R
  • Kazakhstan and UAE to cooperate in nuclear energy Kazakhstan and the UAE have started cooperation in nuclear energy for peaceful purposes, Askar Mussinov, Ambassador of Kazakhstan said at a media briefing on Tuesday evening.
    The UAE has also fully backed Kazakhstan's efforts in international ar
  • UAE fourth in expats financial quality of life list: HSBC The financial crisis has failed to dampen spirit of expatriates in the UAE as they believe that their financial quality of life has improved this year compared to last year.
    In a survey of 25 countries conducted by HSBC bank showed that the UAE'
  • Foreigners net buyers on DFM Foreign and institutional investors remained net buyers on the Dubai Financial Market (DFM) in August 2010 while GCC and UAE nationals were by far net sellers, indicating varying risk perceptions in a depressed market.
    Foreign investors bought s
  • Emirates becomes world's largest superjumbo operator Emirates has become the world's largest operator of the A380 aircraft with a total of 12 in its fleet, which has been generating interest from around the world, a company spokesman said.
    The airline's expanding A380 fleet has been attracting att

Best of Dubai Vol 3 (eBook click to view)

Best of Dubai Showcasing Travel & Lifestyle

Best of Dubai Showcasing Business & Investment

Desert Dreams Deciphered: Overview of Dubai

As the sun slowly sets across the Arabian Gulf, the curtain rises on a glittering phenomenon that's making the rest of the world sit up and take notice.  It's a phenomenon called Dubai.  From growth levels unprecedented in the annals of modern business to real estate projects that defy conventional wisdom, this curiously multicultural melange of nearly 200 different nationalities is dancing to its own tune.  A fascinating confluence of luxury hotels, old-world souks, beach-side retreats, stark desert vistas and tax-free living, the Dubai experience is one which appears to have been crafted solely for the purpose of garnering superlatives.

 

Growth levels of close to 20 per cent hint at a desert Emirate that must be doing something right.  Dubai has etched out a new blueprint for economic sustainability.  The cit's proposition is simple - entice the multinationals and ambitious entrepreneurs alike through incentives that are hard to resist.  Minimal red tape, relative absence of bureaucracy, state-of-the-art business enclaves, industry-specific Free Zones, strategically planned trade shows and a  fierce onus on tourism that channels luxury  hotels and massive marketing campaigns towards guaranteeing a healthy deluge of activity.  It's a chain of commerce whose wheels are kept rolling smoothly all year round.


History of Dubai

 

 

In the early 19th century, the Al Abu Falasa clan (House of Al-Falasi) of Bani Yas clan established Dubai, which remained a dependent of Abu Dhabi until 1833.  On 8 January 1820, the sheikh of Dubai and other sheikhs in the region signed the "General Maritime Peace Treaty" with the British government.  However, in 1833, the Al Maktoum dynasty (also descendants of the House of Al-Falasi) of the Bani Yas tribe left the settlement of Abu Dhabi and took over Dubai from the Abu Fasala clan without resistance.  Dubai came under the protection of the United Kingdom by the "Exclusive Agreement" of 1892, with the latter agreeing to protect Dubai against any attacks from the Ottoman Empire.  

 

Two catastrophes struck the town during the mid 1800s. First, in 1841, a smallpox epidemic broke out in the Bur Dubai locality, forcing residents to relocate east to Deira. Then, in 1894, fire swept through Deira, burning down most homes. However, the town's geographical location continued to attract traders and merchants from around the region. The emir of Dubai was keen to attract foreign traders and lowered trade tax brackets, which lured traders away from Sharjah and Bandar Lengeh, which were the region's main trade hubs at the time.

 

Electricity, telephone services and an airport were established in Dubai in the 1950s, when the British moved their local administrative offices from Sharjah to Dubai.  In 1966 the town joined the newly independent country of Qatar to set up a new monetary unit, the Qatar/Dubai Riyal, after the deflation of the Gulf rupee.  Oil was discovered in Dubai the same year, after which the town granted concessions to international oil companies. The discovery of oil led to a massive influx of foreign workers, mainly Indians and Pakistanis. As a result, the population of the city from 1968 to 1975 grew by over 300%, by some estimates.  

 

 

 

On 2 December 1971 Dubai, together with Abu Dhabi and five other emirates, formed the United Arab Emirates after former protector Britain left the Persian Gulf in 1971.  In 1973, Dubai joined the other emirates to adopt a uniform currency: the UAE dirham. In the 1970s, Dubai continued to grow from revenues generated from oil and trade, even as the city saw an influx of Lebanese immigrants fleeing the civil war in Lebanon.  The Jebel Ali Free Zone, comprising the Jebel Ali port (reputedly the world's largest man made port) was established in 1979, which provided foreign companies unrestricted import of labour and export capital.

 

The success of the Jebel Ali free zone allowed the city to replicate its model to develop clusters of new free zones, including Dubai Internet City, Dubai Media City and Dubai Maritime City. The construction of Burj Al Arab, the world's tallest freestanding hotel, as well as the creation of new residential developments, were used to market Dubai for purposes of tourism. Since 2002, the city has seen an increase in private real estate investment in recreating Dubai's skyline with such projects as The Palm Islands, The World Islands and Burj Dubai.

 

TESTIMONIALS

 

"The Best of Dubai book has exceeded our expectations this year, it is a beautiful coffee table book and we hope that many people have a chance to look at it".

 

Klaas Boon

Operations Manager, Troon Golf Middle East  

 

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"We enjoyed participating in this innovative annual book publishing project that works
well both as a corporate gift and a Public affairs tool ".

 

Nabeel Ghaith

Acting Director/Marketing Communications , Etisalat

 

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"I just love the book – and look forward to exposing the book to our guests".

 

Tracey Meskin

PR & Marketing Director, Southern Sun Hotels

 

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"Best of Abu Dhabi is great. We all loved it".

 

Maha Al Jamal

Finance House Dubai

 

 

 

BOD Vol. 3

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