Dubai, Sharjah readyfor summer visitors

Updated 06 June 2012
Follow

Dubai, Sharjah readyfor summer visitors

Sharjah and Dubai are ready for summer visitors with attractions and various events at different shopping malls across the country.
Sharjah already started its summer surprises on May 31 and the events will run through July 17. Dubai Events and Promotions Establishment (DEPE) has scheduled its Dubai Summer Surprises from June 14 to July 14.
Mohamed Ali Al-Noman, chairman of the Sharjah Commerce and Tourism Development Authority, said Sharjah is expecting huge gains and growth during this summer, in addition to a six percent increase in hotel occupancy.
Al-Noman hopes that the recent Sharjah road shows in several Gulf states and showcasing of the emirate at the Riyadh Travel Fair recently, would help attract more visitors from Gulf and Arab countries.
The summer surprise events are currently taking place in malls, shopping centers, traditional souqs, hotels and amusement parks across Sharjah. “With modern shopping malls, traditional souqs, luxurious hotels, family entertainment facilities and 19 museums, visitors to Sharjah can spend a truly rewarding summer holiday in the emirate,” Al-Noman added.
Dubai Summer Surprises (DSS) have planned more than 100 shows and activities for the 31 days.
DSS 2012 will feature various signature events, at different malls in the city, such as World of Stories, Kids Fashion Week, Min Bladi Al-Emarat and the Sheila and Abaya Fashion Show. Kids can look forward to eight popular international stage cartoon shows such as The Smurfs, Barbie, Hello Kitty, Sponge Bob, Charlie and Lola, Ice Age and Teletubbies.

“Last year, Dubai played host to four million visitors and raked in visitor spending of nearly AED 90 billion, Laila Suhail, CEO of DEPE, told a recent press conference.

 


Closing Bell: Saudi main index closes in red at 11,167  

Updated 11 February 2026
Follow

Closing Bell: Saudi main index closes in red at 11,167  

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 46.43 points, or 0.41 percent, to close at 11,167.54. 

The total trading turnover of the benchmark index was SR4.88 billion ($1.30 billion), as 66 of the listed stocks advanced, while 192 retreated. 

The MSCI Tadawul Index decreased, down 5.52 points, or 0.37 percent, to close at 1,506.55. 

The Kingdom’s parallel market Nomu lost 153.40 points, or 0.65 percent, to close at 23,486.52. This comes as 32 of the listed stocks advanced, while 31 retreated. 

The best-performing stock was Tourism Enterprise Co., with its share price surging 9.95 percent to SR14.36. 

Other top performers included Mobile Telecommunication Co., Saudi Arabia, which saw its share price rise by 5.32 percent to SR11.48, and Al Masar Al Shamil Education Co., which saw a 4.86 percent increase to SR22.89. 

On the downside, Almoosa Health Co. was the day’s weakest performer, with its share price falling 4.81 percent to SR150.40. 

Dallah Healthcare Co. fell 3.81 percent to SR113.50, while Saudi Research and Media Group dropped 3.44 percent to SR100.90. 

On the corporate front, Arabian Plastic Industrial Co. has signed a non-binding memorandum of understanding with K. K. Nag to explore the establishment of a specialized manufacturing facility for expanded polypropylene products. 

According to a Tadawul statement, the agreement sets out initial mutual obligations and rights between the two parties as part of APICO’s broader expansion strategy to increase production capacity and meet rising industrial demand. 

The company’s share price rose 1.21 percent to SR43.52 on the parallel market.