EU-DIGEST

QE2 arrives in Dubai greeted by Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai,flotilla of yachts and the Airbus A380

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QE2 arrives in Dubai to start new life - by Tahira Yaqoob

One by one they appeared on the horizon, circling and sounding their horns, white sails bobbing on the waves. More than 100 yachts, navy frigates and speedboats were giving chase, like paparazzi pestering an A-list starlet. Leading the flotilla was Dubai, the super sized yacht owned by Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai. Its decks were crammed with Emiratis keen for a glimpse of a legend. But even the 535ft Dubai looked small compared to the 963ft liner towering over it.In their midst, dwarfing all around, its size still enough to take your breath away, was the Queen Elizabeth 2. Belching black fumes, and gracefully cutting through the water, this great ocean liner was on the last leg of her final voyage, preparing to drop anchor in a new port and, after nearly 40 years of service, ready to enjoy an opulent retirement.The ship will be transformed into a luxury floating hotel permanently moored alongside the Palm Jumeirah.

Labels: Airbus 380, Dubai, QE2, Tourism, UAE

Sweden approves Dubai's OMX offer

Swedish Financial Supervisory Authority has approved Borse Dubai's 32 billion crown (euro 3.6 billion) cash offer for Nordic stock exchange operator OMX AB, Borse Dubai said in a statement on Saturday. This translates into an 'all-cash offer' at euro 28.21 for each share to the shareholders of OMX, Borse Dubai said in the statement. The bid has also been recognised by the financial supervisory authorities in Iceland and Finland.

The move comes a few days after the US authorities cleared the deal involving Nasdaq. Once the offer is completed, Nasdaq will buy all of Borse Dubai's shares in OMX, through a combination of cash and new Nasdaq shares.

Labels: Dubai, Economy, EU, Sweden

Holland opens investment office in Dubai-by Robert Ditcham

The Netherlands has announced the opening of a Dutch Investment Office in Dubai to promote trade and investment between itself and the GCC region. Dutch officials say the government-run office, which offers its services free of charge, will sustain bilateral relations between the Netherlands and the UAE, as well as promote Dutch products and investment opportunities.

The announcement comes on the heels of a mutual agreement between the Netherlands and the UAE to avoid double taxation.

Labels: Dubai, EU, Netherlands