Dubai Carnival winner Prohibit was the unlikely star of the opening day's action at Royal Ascot where Frankel survived a scare before extending his unbeaten run to seven races by winning the featured St. James's Palace Stakes (Group 1).
Jointly owned by Dubai Racing Club steward Khalifa Bin Dasmal, Prohibit held off a trio of international raiders including Australian sprinter Star Witness, to win the King's Stand Stakes (Group 1) by half a length. Full story Gulf News
The Dubai property market is expected to see some stability in values, as more of the emirate’s vacant homes are absorbed by growing demand, according to property consultants Jones Lang LaSalle.
“Dubai is already passed the supply peak”, the company said in its 2011 Middle East and North Africa (Mena) Real Estate Investor Sentiment survey. Full story: aplaceinthesun.com
The scenes of motorists abandoning their cars and closed petrol stations in Dubai and Sharjah are certainly at odds with the UAE's status as the eighth-largest oil producer in the world.
The situation has moved the spotlight on to the issue of petrol prices in the UAE, a topic which has in the past sparked great interest from within the local community.
The incremental price increases of 2010 created a general sense of frustration and disapproval among Emiratis, especially those that compare the situation in the UAE to our neighbouring Gulf states which sell petrol at less than half the price. Full story: Gulf News