General Travel News
Dubai Gold Jewelry Sales Fall 30%
Five jewelry retailers reported that gold jewelry sales in Dubai dropped 30% this year due to higher prices and fewer tourists because of the economic slowdown. Many of the 8 million tourists visiting Dubai last year were attracted by the tax free gold. However the retailer Reuters say there are far fewer tourists visiting the emirate known as “the City of Gold”. A shop keeper from Al Khaledyah Jewelry said they have seen a 30% drop in sales this June.
Another Souk salesman said buyers have also been deterred by the higher price of gold which increased 26% to about $921.75 an ounce on Wednesday - compared to a low of $680 in October. The Dubai Department of Tourism and Commerce Marketing said last year 7.7 million tourists visited Dubai, but no figures are yet available for 2009.
More General Travel News
Latest Travel News
Featured Sights To See
Seoul Tower
Seoul, South Korea
The Seoul Tower was once the tallest tower in Asia and has the best panoramic view of Seoul. Located smack in the middle of the city, it is visible from almost everywhere in the city and is a helpful reference for tourists on foot. ...
German Museum of Architecture
Frankfurt, Germany
One of the foremost European museums of architecture, this Frankfurt museum presents a huge scope of architectural work for visitors to view. 24 large models are part of the “From the Prehistoric Hut to the Skyscraper,” which show just about the entire range of human settlement. The place holds about 200,000 plans and 600 models which includes works of the like of Giambattista Piranesi, Frank Geh...
City Hall
Stockholm, Sweden
The building of the City Hall is synonymous with Stockholm. It is the seat of the government, housing the offices of around 200 politicians and civil servants. It is known as one of the most beautiful and well known buildings of the world. The exclusive ballroom is where the Nobel Prize banquet takes place. Its Golden Hall is decorated with 18 million pieces of gold mosaic. A visit to th...
The Diplomatic Quarter
Riyadh, Saudi Arabia
The Diplomatic Quarter, or DQ as it is popularly known, is home to foreign embassies and international organizations, as well as residential structures and malls. With lush gardens and numerous sports facilities, it is also one of the city's greenest areas. It is especially known for its fine architecture, and is considered a model for other Islamic cities around the world. Despite its name, the s...