Thursday 29 March 2012

DP World profits up as trade, tourism and retail leads Dubai upswing but can it last? « ArabianMoney

Spending by tourists on Visa cards during the Dubai Shopping Festival was up 22 per cent with Russians and Chinese replacing the recession-hit British and paying hotel bills was the biggest item of expenditure.

Meanwhile Dubai global ports operator DP World has reported a 10 per cent rise in handling of twenty foot equivalent containers to 54.7 million last year and a leap in profits from $451 million in 2010 to $751 million. Trade, tourism and retail is booming again.

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