About 6,000 Chinese insurance and finance industry professionals will meet in Dubai next week after the emirate beat competition from Hawaii and Singapore to host their annual conference.
The event will help Dubai maintain its high rate of growth of visitors from China into the second half of this year.
In the first six months of 2015, Dubai received 241,000 Chinese tourists, up 25 per cent compared to the same period a year earlier, Dubai Tourism said yesterday.
Dubai has made a concerted effort to woo the Chinese traveller, and the announcement that the International Dragon Award (IDA) Annual Meeting will be held in the city for the first time starting onSaturday will be welcomed.
“China is a very important inbound market for Dubai, and the emirate is making big efforts to attract more Chinese visitors,” said Issam Kazim, chief executive of Dubai Tourism. “We set out a plan from 2012 to bring in more Chinese guests, this is not a short-term shift, the timeline is mid to long term.”
Chinese visitor numbers to the emirate are predicted to rise 98 per cent in the 10 years through 2023 to 545,000, according to a report in March from Oxford Economics and InterContinental Hotels Group.
The growth will be supported by the rising supply of three- and four-star hotels in the emirate, which appeal to the increasing numbers of Chinese travelling.
Of the 3,600 hotel rooms expected to come on stream in the nine months through December this year, 44 per cent would be rated three-star or lower, according to JLL.
The organisers of the IDA conference said Dubai was chosen ahead of many bidders including Hawaii, Bangkok, Singapore and cities in Japan and Taiwan because of “its first-class accessibility”.
“Once the Dubai government offered some financial support and we saw the infrastructure and the city, the decision was not a hard one,” said Richard Wu, chairman of the IDA 2015 Annual Meeting. “This will be the first time the conference has been held outside of Asia, and we have had many people expressing a desire to come and see the ‘city of the future’ as Dubai is seen.”
The increasing number of visitors from China is a welcome fillip for the emirate as the stream of Russian tourists slows amid economic sanctions at home. Russian tourist numbers fell by almost a quarter last year.
“Russia is a very important market because it doesn’t just impact hotels, it hits retail,” said Rashid Aboobacker, a senior consultant for TRI Consulting. “Dubai tourism is a diversified market so it doesn’t have a major impact. The Chinese visitors don’t spend as much when they get here and they stay in smaller hotels. Dubai has always been known as an expensive destination. Maybe this is a natural correction which needed to happen.”
ascott@thenational.ae
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ESSENTIALS
The flights
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes.
Where to stay
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.
Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour
The biog
Marital status: Separated with two young daughters
Education: Master's degree from American Univeristy of Cairo
Favourite book: That Is How They Defeat Despair by Salwa Aladian
Favourite Motto: Their happiness is your happiness
Goal: For Nefsy to become his legacy long after he is gon
RESULTS
Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO
Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke
Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke
Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO
Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision
Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision
Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO
Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)
Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)
Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision
Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke
Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO
Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision
Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision
The Continental: From the World of John Wick
Created by: Greg Coolidge, Shawn Simmons, Kirk Ward
Stars: Mel Gibson, Colin Woodell, Mishel Prada
Rating: 3/5
COMPANY PROFILE
Company name: Klipit
Started: 2022
Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant
Based: Dubai, UAE
Industry: Digital receipts, finance, blockchain
Funding: $4 million
Investors: Privately/self-funded
A QUIET PLACE
Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou
Director: Michael Sarnoski
Rating: 4/5
SPEC SHEET: NOTHING PHONE (2)
Display: 6.7” LPTO Amoled, 2412 x 1080, 394ppi, HDR10+, Corning Gorilla Glass
Processor: Qualcomm Snapdragon 8+ Gen 2, octa-core; Adreno 730 GPU
Memory: 8/12GB
Capacity: 128/256/512GB
Platform: Android 13, Nothing OS 2
Main camera: Dual 50MP wide, f/1.9 + 50MP ultrawide, f/2.2; OIS, auto-focus
Main camera video: 4K @ 30/60fps, 1080p @ 30/60fps; live HDR, OIS
Front camera: 32MP wide, f/2.5, HDR
Front camera video: Full-HD @ 30fps
Battery: 4700mAh; full charge in 55m w/ 45w charger; Qi wireless, dual charging
Connectivity: Wi-Fi, Bluetooth 5.3, NFC (Google Pay)
Biometrics: Fingerprint, face unlock
I/O: USB-C
Durability: IP54, limited protection
Cards: Dual-nano SIM
Colours: Dark grey, white
In the box: Nothing Phone (2), USB-C-to-USB-C cable
Price (UAE): Dh2,499 (12GB/256GB) / Dh2,799 (12GB/512GB)
Dolittle
Director: Stephen Gaghan
Stars: Robert Downey Jr, Michael Sheen
One-and-a-half out of five stars
More from Aya Iskandarani
Company Profile
Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed
Kill
Director: Nikhil Nagesh Bhat
Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
Rating: 4.5/5
LA LIGA FIXTURES
Thursday (All UAE kick-off times)
Sevilla v Real Betis (midnight)
Friday
Granada v Real Betis (9.30pm)
Valencia v Levante (midnight)
Saturday
Espanyol v Alaves (4pm)
Celta Vigo v Villarreal (7pm)
Leganes v Real Valladolid (9.30pm)
Mallorca v Barcelona (midnight)
Sunday
Atletic Bilbao v Atletico Madrid (4pm)
Real Madrid v Eibar (9.30pm)
Real Sociedad v Osasuna (midnight)
Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
The specs
Engine: two permanent magnet synchronous motors
Transmission: two-speed
Power: 625hp
Torque: 850Nm
Range: 456km
Price: from Dh737,480
On sale: now
Company profile
Name: Yabi by Souqalmal
Started: May 2022, launched June 2023
Founder: Ambareen Musa
Based: Dubai
Sector: FinTech
Initial investment: undisclosed but soon to be announced
Number of staff: 12
Investment stage: seed
Investors: Shuaa Capital
Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Fixtures
Wednesday January 8 –Oman v Namibia
Thursday January 9 – Oman v UAE
Saturday January 11 – UAE v Namibia
Sunday January 12 – Oman v Namibia