Dubai
Dubai set to welcome even more millionaires as wealthy individuals abandon the UK
Aerial view of cityscape and skyscraper at sunset in Dubai Marina. Lu Shaoji | Moment | Getty Images The United Arab Emirates is on track to be the world’s top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. At the same time, the U.K. – already the source […]
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Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. Jakub Porzycki | Nurphoto | Getty Images DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an […]
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The super-rich are moving cash to one city, wealth manager says, revealing how they’re investing
The growth prospects of countries like India and South Korea have seen many investors and big-name banks turn bullish on emerging markets this year. One wealth manager, however, said his super-rich clients are focused elsewhere. “A lot of wealth, especially from ultra-high-net-worth individuals, is moving to Dubai,” Dhruba Jyoti Sengupta, CEO of Wrise Private Middle […]
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Airways headed for history profits in 2024 as travel soars, but financial gain margins continue to be skinny
The Intercontinental Air Transport Association (IATA) elevated its income forecast for the airline sector in 2024 and predicts a file income of $996 billion. Nurphoto | Getty Images DUBAI, United Arab Emirates — The Worldwide Air Transport Association lifted its earnings forecast for the airline marketplace in 2024 and predicts profits of $996 billion — […]
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Dubai bling: Billions of dollars worth of African gold is being smuggled into the UAE each year, research finds
A worker lifts a gold bullion bar from a conveyor machine at the Rand Refinery plant in Germiston, South Africa, on Aug. 16. 2017. Waldo Swiegers | Bloomberg | Getty Images DUBAI, United Arab Emirates — Each year, as much as $35 billion worth of gold produced by artisanal and small-scale mining in Africa — […]
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Dubai Airports expects history passenger website traffic this yr, established to best 100 million by 2027
The CEO of Dubai Airports is bullish on the long run and expects passenger visitors to surge to a report this year and best 100 million by 2027. Paul Griffiths claimed the airport operator has found pretty solid publish-pandemic recovery, adding the city’s “in no way been in a stronger spot than it is now.” […]
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Emirates airline chalks record yearly income as travel need booms
An Emirates Airlines airplane Karim Sahib | AFP | Getty Pictures DUBAI, United Arab Emirates — Dubai-centered provider Emirates airline on Monday reported report yearly income of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 monetary 12 months, up 63% from the yr prior. The flag carrying airline of the UAE’s glitzy business funds has […]
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Emirates’ chairman has a information for Boeing: ‘Get your act together’
DUBAI, United Arab Emirates — 1 of Boeing’s largest prospects issued a simply call to action to its new management staff, expressing annoyance with the basic safety disaster going through the American planemaker and the consequent delays in buy deliveries. “We’re not content really with what’s likely on, we always definitely preferred to see this […]
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Dubai’s new airport will be 5 instances the dimensions of its present-day a single and aims to be the premier in the world
Electronic render of the prepared entrance of Dubai’s Al Maktoum Worldwide Airport, set to be the biggest in the globe on completion. Dubai Media Business DUBAI, United Arab Emirates — Dubai’s leadership authorised a 128 billion dirham ($35 billion) program to establish a new passenger terminal at the emirate’s Al Maktoum International Airport, which will […]
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Fulfill the Dubai artist whose do the job has offered for tens of millions — and turns down 99% of potential customers
Modern day artist Sacha Jafri prides himself on his one of a kind way of operating. His “massive” Dubai studio involves three gallery spaces, a digital area, an business office and a boardroom. He even has a space committed to nonfungible tokens, or NFTs. The house is household to around 40 paintings, mostly made up […]
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