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UAE

FEATURED REPORT...
Posted: 13-03-2008
UAE. Dubai Electricity and Water Authority (DEWA) on Wednesday signed six contracts for mega projects with a total value of AED12 billion (US$3.27 billion), Emirates Business 24/7 reported, citing the company's Managing Director and CEO Mohammad Al Tayer. Al Tayer said the deadlines for the projects – three of which are set to be finished in 2009 and the others by 2010 – were “reasonable” and “would be extended in case the time frame is not sufficient”. In the same report, Al Tayer denied that power and water shortages are delaying some projects in Dubai. “This is not true as
Posted: November 20, 2009
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
Posted: November 20, 2009
UAE. Lee Westwood is back on course for a US$2.6 million jackpot on Sunday following a day of amazing twists and turns at the Dubai World Championship.
Posted: November 20, 2009
UAE. Abu Dhabi's First Gulf Bank has raised US$500 million with a 3-year conventional bond for general corporate purposes.
Posted: November 20, 2009
UAE. Race to Dubai leader Rory McIlroy was in a tie for fifth, but that was not good enough to make him the youngest Tour number one since Seve Ballesteros in 1976 with Lee Westwood in a tie for second.
Posted: November 20, 2009
INTERNATIONAL. Jewellery demand, of 69.0 tonnes, was down 34% on year earlier levels, while net retail investment demand of 6.4 tonnes was 11% lower. However, retail investment and jewellery demand were both above the levels seen in the second quarter of this year.
Posted: November 19, 2009
INTERNATIONAL. Social and economic trends have influenced dramatically the training requirements of the global finance profession, according to a new report by ACCA.
Posted: November 19, 2009
UAE. The workshops are focused on strengthening the skills of students, sharing GE's extensive knowledge base with them, and engaging the local student community for potential careers within the company.
Posted: November 19, 2009
UAE. The private sector's holidays in the UAE will be from 26th November to 28th November, while the UAE National Day holiday will fall on Wednesday the 2nd of December.
Posted: November 19, 2009
UAE. The Central Bank of the UAE said Thursday that 20 banks operating in the country have a combined exposure of US$2.9 billion to two troubled Saudi Arabian business groups.
Posted: November 19, 2009
GCC. Despite the enormous wealth at its disposal, the Gulf has proved more vulnerable to global recession than many other emerging markets, according to HSBC Global Research.
Posted: November 19, 2009
INTERNATIONAL. According to the latest retail research report from CB Richard Ellis, the UAE is seen as the point of entry for most retailers and brands looking to expand in the Gulf region.
Posted: November 19, 2009
KUWAIT. Simon Williams, chief economist at HSBC Middle East-Gulf bank, said an early economic recovery in the Gulf countries depends mainly on a better manipulation of the oil revenues generated between 2003 and 2008
Posted: November 19, 2009
UAE. ICAAM Middle East brings together region's premier suppliers and practitioners in the field of aesthetic, anti-aging medicine and medical spa.
Posted: November 19, 2009
UAE. As the national supporter of the FIFA Club World Cup, Etisalat announced its sponsorship activation for the FIFA Beach Soccer World Cup being held at Jumeirah Beach.
Posted: November 19, 2009
UAE. US-based CENIGENT Health Enhancement Medical Institute has unveiled the world's first medical programme that is founded on a new 'systems and genetic-based' medical approach.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.