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Dubai maps 2020 Olympic bid strategy
Source: BI-ME , Author: BI-ME staff
Posted: Tue November 3, 2009 12:02 am
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UAE. The committee of the 'Dubai 2020' Working Group, tasked with bringing the Olympic games to the city, held its first meeting Monday at the Emirates Towers under the Chairmanship of the Crown Prince of Dubai HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum.

Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum attended a segment of the meeting according to the official news agency WAM.

Sheikh Mohammed directed the Chairman and members of the Group to work as a one team to enable the UAE to win bids for Expo and the Olympics in 2020, WAM said.

"Nothing is impossible as long as we have the determination for change, not change of determination," Sheikh Mohammed told the Group members.

The Group members included several other members of the emirate's political elite, suggesting strong government support for a possible bid.

The Japanese cities of Hiroshima and Nagasaki said  they were considering bidding for the 2020 Summer Olympics in tandem with a campaign to promote a nuclear-free world.

Rome and Venice are reportedly preparing to host the 2020 Summer Olympics. Other cities including Cape Town, Durban  and Rabat have also been mentioned as possible candidates.

The International Olympic Committee is to announce the 2020 host city in 2013.

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.