Dubai Duty Free sales soar above $2bn

A picture take on September 14, 2017 shows a general view of the Duty Free shop at Dubai’s International Airport. (AFP)
Updated 30 December 2018

Dubai Duty Free sales soar above $2bn

DUBAI: Annual sales clocked up by Dubai Duty Free (DDF) hit 7.3 billion dirhams ($2 billion) on Saturday morning, the emirate’s airport retailer said in a statement.
The sales figure marks a record for DDF, which reported 7.05 billion dirhams in sales in 2017, although the rate of growth has slowed. The retailer reported sales worth 6.6 billion dirhams in 2016.
“2018 has been a good year for Dubai Duty Free, and we have been building up toward the $2 billion sales figure all year,” said Colm McLoughlin, CEO of Dubai Duty Free.
“We have been tracking the sales figures hour by hour over the past couple of days and it is fantastic to have achieved this figure before the end of the year.”
A Danish couple, purchasing a 1,999 dirham camera, pushed DDF through the $2 billion barrier — and were presented with a $2,000 gift card.
Dubai Airports CEO Paul Griffiths said last month that he expected more than 90 million passengers to use Dubai International Airport this year.

Premier League legend Ashley Cole announces retirement, plans move into coaching

Updated 26 min 27 sec ago

Premier League legend Ashley Cole announces retirement, plans move into coaching

LONDON: Former England defender Ashley Cole is planning a move into coaching after announcing his retirement from football.

Cole won 13 major titles during his 20-year career, including the 2012 Champions League with Chelsea, three Premier League titles and seven FA Cups.

The 38-year-old Cole, who also won 107 caps for England, announced his retirement Sunday while working as a pundit on British broadcaster Sky Sports.

"After hard thinking and consideration, it was obviously time to hang my boots up and look towards my next chapter, which will hopefully be coaching. I'm doing a course at the moment," Cole said. "Now I want to be great at being a coach."

Cole said he was most proud of his haul of England caps. Only Peter Shilton, Wayne Rooney, David Beckham, Steven Gerrard and Bobby Moore have made more appearances for the country.

Cole began his career with Arsenal and, after a brief loan spell at Crystal Palace, went on to make more than 200 appearances for the Gunners, lifting the FA Cup three times and winning the Premier League twice. He was a member of the "Invincibles" team which went through the 2003-04 Premier League season unbeaten.

He left the club in acrimonious circumstances in 2006 and was fined £100,000 ($121,500) — later reduced to £75,000 on appeal — for his part in an illegal approach from Chelsea in 2005, the club he would join the following year.

Cole won the FA Cup in his first season at Stamford Bridge and four times in total and also won the Premier League in 2010 and the Champions League in 2012, scoring in the penalty shootout as Chelsea beat Bayern Munich.

After leaving Chelsea in 2014, Cole had spells with Roma and LA Galaxy before ending his playing career under former Chelsea teammate Frank Lampard at Derby in England's second tier.