By Matikas Santos
United Arab Emirates (UAE), one of the world’s wealthiest countries, is looking for investment opportunities in the Philippines and has also invited Filipino businessmen to come to UAE to look at opportunities there.
Homegrown fast-food chain Jollibee Food Corp. (JFC) is expanding its footprint in the Middle East with a new joint-venture deal that will bring flagship brand Jollibee to oil-rich United Arab Emirates.
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.
By Paolo G. Montecillo
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.
Dubai’s Emirates airline group posted a 61-percent slump in net profit in the year to March 31 due to unprecedented economic pressures and record high fuel prices, the company said Thursday.