Dubai International Airport has announced steady growth in passenger and cargo traffic in 2008. The airport registered

• Increase of 9.01 percent in passenger traffic.
• Increase of 9.38 percent in freight.

Dubai International has uphold its position as the aviation and cargo centre of the Middle East and the world’s promising aviation center with a stable increase in passenger and cargo traffic in 2008 and the successful opening of Terminal 3, the world’s largest terminal despite a slowdown in world’s aviation sector due to global economic downturn and the record high prices of oil.

The airport handled a throughput of more than 37 million passengers and 1,824,991 tons of cargo in 2008 as against 34,348,110 passengers and 1,668,505 tons of freight in 2007. Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation Authority (DCAA) and chairman of Dubai Airports, said

The growth was impressive, especially considering the global economic downturn and the record high price of oil during the summer of 2008.

Commenting on the reorganization of Dubai Airports, he added that:

It is evident now, in our growth and the world acknowledged success of Terminal 3s launch that the restructuring was done right. It was a transformed Dubai Airports that spearhead the opening of Terminal 3 on 14th October.

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Hyundai, the well known South Korean automaker gain the car-of-the-year award at the Detroit auto show on Sunday, marking a major step in its push to make a more upscale, mass-market vehicle for U.S. customers.

The Hyundai Genesis amazed some to beat out the Ford Flex and the Volkswagen Jetta TDI for the North American Car of the Year, while Ford’s F-150 come first Truck of the Year honors. Hyundai Genesis closely beat out the Ford Flex, a seven-passenger crossover vehicle. The Genesis is Hyundai’s first rear wheel drive car which is powered by a V-8 engine, another first for the car manufacturer. But Ford motor won top truck honors for its Ford F-150 in the awards presented on the first day of media previews for the North American International auto show in Detroit.

This year was the sixteenth year for the awards at the Detroit show, generally the global industry’s largest car show event. Last year General Motors won car-of-the-year for the Chevrolet Malibu and took both car and truck honors at the 2007 show.

The specialists of different Chicago diamond companies declared they’ve seen wholesale prices for certain diamonds drop 30 percent in the last month. The wholesale prices of diamonds have fall not only for the jewel business, but all over the retail industry. Investment-grade diamonds drop even more hugely in price. Diamond industry experts warn of a possible 15% fall in diamond sales in North America next year, a 10% turn down in Europe and a 5% fall in Japan.

It is really great news for the normal consumers. Cause all over the world has a big demand of pure or natural diamond jewelry. The mostly attractive ornaments are diamond earrings, rings and necklace etc. And there is a big desire to every man’s mind that, he will give a diamond rings as an engagement ring to his bride. Almost every person’s life, this dream never come true only for the huge price of diamond jewelry. So the news about falling diamond wholesale price is real great for the normal consumers.

But the matter of regret that, wholesale prices dive, but no normal consumers yet get the good effect of falling price. Because the experts of this industry is so much conscious about the falling price. One of the main reason they have found that the excessive production of rough diamond is responsible for this problem. So now they try to fix this problem. Experts want to keep the high value of diamond for the consistency of diamond industry. Aim of this purpose, the forecasts prompted industry leaders to call an emergency meeting last week in Antwerp, Belgium, where diamond traders, polishers and producers announced plans to decrease production of rough diamonds.

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