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Dubai Duty Free
Dubai Duty Free (DDF) is the company responsible for the duty-free operations at Dubai International Airport and Al Maktoum International Airport. Founded in December 1983, DDF recorded first-year sales of US$20 million and has grown into one of the biggest travel retail operators in the world with a sales turnover of US$2.02 billion in 2019. Sheikh Ahmed bin Saeed Al Maktoum is the president of the Dubai Civil Aviation Authority and chairman of Dubai Duty Free. and Colm McLoughlin is the executive vice-chairman and CEO. DDF is a subsidiary of the government-owned Investment Corporation of Dubai. Foundation Aer Rianta, the operating company behind the world's first duty-free at Shannon Airport, was invited to present a proposal for the operations and management of a duty-free operation at Dubai International Airport. Up until this point, the airport had been served by a number of retail concessions managed by traders from Tvice-Chairmanbai. The plan was given to Sheikh M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duty-free
A duty-free shop (or store) is a retail outlet whose goods are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country, who will then pay duties and taxes in their destination country (depending on its personal exemption limits and tariff regime). Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component. Tax Free World Association (TFWA) announced that in 2011 Asia-Pacific, with 35 percent of global duty-free and travel retail sales, has more duty free than Europe and Americas, with these regions accounting for 34 percent and 23 percent respectively. 31 percent of sales came from the fragrances and cosmetics category, followed by the wine and spirit category with 17 percent and then comes tobacco products. However, some countries impose duty on goods b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai International Airport
Dubai International Airport ( ar, مطار دبي الدولي) is the primary international airport serving Dubai, United Arab Emirates, and is the world's busiest airport by international passenger traffic. It is also the nineteenth-busiest airport in the world by passenger traffic, one of the busiest cargo airports in the world, the busiest airport for Airbus A380 and Boeing 777 movements, and the airport with the highest average number of passengers per flight. In 2017, the airport handled 88 million passengers and 2.65 million tonnes of cargo and registered 409,493 aircraft movements. Dubai International Airport is situated in the Al Garhoud district, east of Dubai and spread over an area of of land. Terminal 3 is the second-largest building in the world by floor space and the largest airport terminal in the world. In July 2019, Dubai International airport installed the largest solar energy system in the region's airports as part of Dubai's goal to reduce 30 percen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Maktoum International Airport
Al Maktoum International Airport , also known as Dubai World Central, is an international airport in Jebel Ali, southwest of Dubai, United Arab Emirates that opened on 27 June 2010. It is the main part of Dubai South, a planned residential, commercial and logistics complex. When fully completed (originally expected 2027), the airport will contain transport modes, logistics, and value-added services, including manufacturing and assembly, in a single free economic zone. It will cover an area of . The airport has a projected annual capacity of of freight and between 160 million and 260 million passengers. , only a handful of airlines operated passenger services out of Al Maktoum International Airport with a focus on freight activity. A completion of the project is yet to be confirmed. History Construction The runway was completed in 600 days and subsequently underwent tests over the following six to eight months in order to fulfil its CAT III-C requirements. Con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colm McLoughlin
Colm McLoughlin (born July 1943) is an Irish businessman, and the executive vice chairman and CEO of Dubai Duty Free, an airport retailer with a turnover of US$2.029 billion in 2019 (AED Dh7.406 billion). Owned by the Government of Dubai, and part of the Investment Corporation of Dubai, Investment Corporation of Dubai (ICD), Dubai Duty Free manages all aspects of the retail operation at Dubai International Airport and Al Maktoum International Airport. Early life Colm McLoughlin was born in July 1943, in Ballinasloe, County Galway, one of five children of Tadhg Mac Lochlainn and Mel Kelly. He is a brother of Ray McLoughlin, former Ireland national rugby union team, Ireland international rugby player. Career McLoughlin's intended career in dentistry took a back seat when he went to London in the early 1960s and began working in retail. He joined the high-street chain of Woolworths Group (United Kingdom), Woolworths, where he worked his way up to become one of the youngest ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Corporation Of Dubai
Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006, with a mandate to invest funds on behalf of the Government of Dubai, and manage their portfolio of investment companies. At 2022, ICD reported assets worth US$305 billion and revenue of $62 billion. History ICD was set up on 3 May 2006 under Emiri decree 11 of 2006 issued by Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates (UAE), and ruler of the Emirate of Dubai. In 2007, the Government of Dubai transferred the majority stake in Emirates Bank International (EBI), National Bank of Dubai (NBD), Dubai World Trade Center, Emirates National Oil Company, Emirates Global Aluminium, Borse Dubai, Emirates Airlines, dnata and CBME to Investment Corporation of Dubai. In the same year, the merger of EBI and NBD took place and Emirates National Bank of Dubai (ENBD) was formed with a market capitalization of more than $11.3 Billion. The G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aer Rianta International
Aer Rianta International cpt (ARI) is an airport and retail holding and management company, registered in Dublin and with its head office at Dublin Airport. ARI is a subsidiary of Ireland's state-owned DAA. The company was established in 1988 as part of Aer Rianta (now daa). The airport division holds a 20% stake in Düsseldorf Airport. It formerly held stakes in Hamburg Airport, which it sold in December 2006 and Birmingham Airport, which it sold in September 2007. The airport retail division designs, manages and operates duty free and duty paid airport retail outlets in Europe, the Middle East, India, New Zealand and the Americas. ARI has stores in Barbados, Bahrain, Canada, Cyprus, India, Lebanon, New Zealand, Montenegro, Qatar, Indonesia and Oman and also operates retail outlets under the brand: "The Loop" at Dublin Airport and Cork Airport. It has a managed turnover of over $1 billion and employs over 3,000 people worldwide. In March 2007, Aer Rianta International and Bar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohi-Din Binhendi
Mohi-Din Binhendi (Arabic: محيي الدين بن هندي) is an Emirati businessman and president of Binhendi Enterprises. Education After completing his high school diploma in Dubai, he graduated in business administration in the United States. Career Binhendi is a former director general of the Department of Civil Aviation of Dubai and former CEO of Dubai International Airport appointed in June 1979 by special decree issued by the then ruler of Dubai Sheikh Rashid bin Saeed Al Maktoum, having previously served as director of airport customs. He was a member of the board of governors at Dubai Aviation College, was a member of the board of directors at Emirates Golf Club, and was chairman of the aviation advisory committee at Dubai Men's College. He currently serves as president of BinHendi Enterprises. Under Binhendi the company became one of the first UAE-based groups to franchise its own local brands. Awards BinHendi was named '1994 Gulf Chief Executive of the Ye ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duty-free Shop
A duty-free shop (or store) is a retail outlet whose goods are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country, who will then pay duties and taxes in their destination country (depending on its personal exemption limits and tariff regime). Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component. Tax Free World Association (TFWA) announced that in 2011 Asia-Pacific, with 35 percent of global duty-free and travel retail sales, has more duty free than Europe and Americas, with these regions accounting for 34 percent and 23 percent respectively. 31 percent of sales came from the fragrances and cosmetics category, followed by the wine and spirit category with 17 percent and then comes tobacco products. However, some countries impose duty on goods bro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dubai World Central - Al Maktoum International Airport
Al Maktoum International Airport , also known as Dubai World Central, is an international airport in Jebel Ali, southwest of Dubai, United Arab Emirates that opened on 27 June 2010. It is the main part of Dubai South, a planned residential, commercial and logistics complex. When fully completed (originally expected 2027), the airport will contain transport modes, logistics, and value-added services, including manufacturing and assembly, in a single free economic zone. It will cover an area of . The airport has a projected annual capacity of of freight and between 160 million and 260 million passengers. , only a handful of airlines operated passenger services out of Al Maktoum International Airport with a focus on freight activity. A completion of the project is yet to be confirmed. History Construction The runway was completed in 600 days and subsequently underwent tests over the following six to eight months in order to fulfil its CAT III-C requirements. Cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Duty-free Shops
This is a list of duty-free shops. A duty-free shop is a retail outlet that is exempt from the payment of certain local or national tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...es and duty (economics), duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country. Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component. Duty-free shops * Aelia Duty Free – a brand of Lagardère Group, Lagardère Travel Retail. * Comturist – a Chain store, chain of duty-free stores. It was formerly a chain of hard currency luxury shops that existed in Socialist Republic of Romania, Communist Romania, managed by the Ministry of To ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retailing In Dubai
Retail is the sale of goods and Service (economics), services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturing, manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a Profit (accounting), profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar store, bricks and mortar and Online shopping, online retailing. Digital technologies are also affecting the way that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
