November 20, 2013
Spurred on by events such as the FIFA World Cup, the Middle East will see over 1 trillion dollars in construction over the next twenty years.
“Employers in Qatar have displayed an appalling disregard for the basic human rights of migrant workers. Many are taking advantage of a permissive environment and lax enforcement of labour protections to exploit construction workers.”
Kuwait is pumping billions of dollars into projects to expand its oil production capacity to four million barrels per day from three mbpd within a strategy to maintain its position as one of the world’s largest crude exporters, a Kuwaiti official has said.
Atlantis Hotel, the flagship resort on the emirate’s Palm Island, and one utility provider are set to be sold by Dubai World’s investment arm, Istithmar, to raise cash ahead of a $5.5 billion repayment.
November 19, 2013
London Business School has won a $38 million (Dh140 million) contract to train top managers of the Kuwait Petroleum Corporation, the largest executive education programme in the school’s history.
The breakthrough glass, which comes in virtually any colour, is optimised for both photovoltaic modules, which use cells to convert solar radiation into electricity, as well as solar thermal collectors.
In contrast, sponsors have the power to prevent their workers from moving jobs, can block workers from leaving the country without needing to provide any justification and have the right to terminate a worker’s employment and have his or her residency permit cancelled by the authorities.
A Forbes study showed that showed that the UAE as the preferred location for global organizations to establish regional headquarters, with a massive 93 percent of companies favoring the nation as a base.
Qatar is set to step up its chemicals, petrochemicals and LPG output in the coming years, said HE the Minister for Energy and Industry, Dr Mohamed bin Saleh al-Sada.
One in four Saudi Internet users are already active in e-commerce, and they visit about 70 million e-commerce pages per month.
Dubai Investments (DI), the largest investment company listed on the Dubai Financial Market (DFM), on Monday announced the launch of the first-of-its-kind, colored solar glass, which is capable of generating energy on its own.
The ministry ruled the company, owned by an Emirati, had violated its licensing terms.
The undersecretary described working from home to be the most suitable for women and said it will be implemented in the next few months.
November 18, 2013
Economic analyst and CEO of Comesa Company Sherif El-Kheriby said that he considers this statement optimistic, but that it would be possible to repay external debts once the economic situation is stable
Whilst Abu Dhabi’s property prices have increased over the course of this year, Dubai’s residential prices have risen more significantly, widening the gap in property values between the two emirates.”