As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the prospects are not gloomy, analysts say.
Middle Eastern carrier Emirates will start direct flights to Clark Freeport in Pampanga in October, targeting millions of overseas Filipino workers (OFW) from Northern and Central Luzon.
Budget carrier Cebu Pacific has chosen Dubai in the United Arab Emirates (UAE) as the first destination for its long-haul operations out of Manila, with flights starting Oct. 7 this year.
A publicly listed investor group from Dubai is eyeing to invest in what could be a refinery or a petroleum facility within an industrial park in Bataan to serve as its hub in the region.
