Dubai aims to be top of the teas, top ten for tourism, new property visa system and more …
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Exotic and organic teas are wooing tea drinkers and challenging traditional black tea’s dominance as never before, tea industry experts say, as a tea factory in Dubai bids to become the world’s largest.
The shift in global tea-drinking trends is felt at the Jebel Ali Free Zone, despite it being more than 2,000 kilometres (1,250 miles) from the nearest tea bushes in the lush misty mountains of South Asia and East Africa. Full story: Emirates 24/7
Dubai ranks among top ten tourists destinations worldwide and the emirate is expected to attract about eight million international tourists in 2011 and their spending is estimated to be around $7.8 billion, according to a new research released by MasterCard.
Dubai features prominently on the Index, coming in ninth in terms of numbers of inbound international visitors and outstripping cities such as New York, Amsterdam, Kuala Lampur and Shanghai, according to the inaugural MasterCard Worldwide Index of Global Destination Cities released at a news conference on Monday. Full story: Khaleej Times
Dubai plans to introduce a new residence visa system for property owners, reported 'Al Bayan' newspaper.
A government official was quoted as saying "authorities are discussing ways of granting owners of properties in the emirate, residence visas based on transparent rules and legislation". Full story: Emirates 24/7
Dubai’s government has agreed terms on the largest loan issued by the emirate since the global financial crisis hit the business hub.
The five-year deal underscores rising optimism in a recovery for the emirate’s trade and tourism focused economy, though longer-term issues over debt repayment linger. Full story: ft.com
To protect consumers in the country, the Ministry of Economy has instructed retailers to stop charging surcharge on credit card usage as commission from July 1.
Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Supreme Committee for Consumer Protection, heading the second meeting of the committee for 2011, passed a resolution prohibiting retailers from imposing surcharges on credit card usage as commission. Full story: Khaleej Times