Dubai eGovernment claimed the number of visitors to its portal shot up dramatically in 2005 — from 69,286 in January to 185,063 in December. The 167% rise in visitors to the www.dubai.ae site is due to increased public awareness, according to Salem Al Shair, e-services director at Dubai eGovernment.
Dubai Financial Market (DFM) has switched the main hosting for its website from Etisalat’s eCompany business unit to managed hosting firm Datafort following an incident which left the site offline for part of a day’s trading.
Dubai Sports City (DSC) has awarded the construction contract for the emirate’s US$80 million cricket stadium. The state-of-the-art facility, due for completion in early 2008, will be a joint venture between Alpine Bau Deutschland, and Belbadi Engineering (Alpine-Belbadi).
A leading investment bank has warned that Saudi Arabia’s Tadawul stock market must study recent drops in the UAE and Qatari exchanges, if it is to avoid falling foul of investors’ “irrational exuberance”, and itself suffer a dramatic correction.