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January 27, 2015

He added that the aim of the suspension is not to save import money, but rather that it was for security goals, eliminating slums and traffic incidents
15:24 GMT
Tuk-tuk prices increased due to the decision to ban importing tuk-tuks to provide $800m and reduce theft and looting crimes carried out by some tuk-tuk drivers.
Pilots said unregulated drones flown near airports can compromise aircraft safety leading to loss of lives.
14:44 GMT
“These drones are available everywhere now and people can easily buy them, but people have no awareness.
"What you call the Internet of Things, I call the Internet of Threats," he told the assembled global political and business movers-and-shakers.
10:57 GMT
The conclusion, in Ilves's words: "Basically nothing is safe."

January 26, 2015

Can an agenda driven small vocal minority with social media savvy derail a trillion dollar industry?
17:38 GMT
Can an agenda driven small vocal minority with social media savvy derail a trillion dollar industry?
That is why “there is [still] a lot of demand for the more established areas — Downtown and Dubai Marina — because the amenities tend to be better,” said Mahoney.
10:18 GMT
No one has a problem in agreeing that Dubai’s property sales and value gains have taken a bit of a softening in the last six months.

January 25, 2015


Also with the new King continuing to back the veteran Oil Minister Ali Al-Naimi, any possibility of Naimi finally hanging his boots also disappeared
13:12 GMT
The passing of King Abdullah in the early hours of Friday led to speculation that a leadership transition could result in a change to the country’s oil policy and strategy.
His company may not rival Google or German software maker SAP yet, but Gaza-based IT entrepreneur Saady Lozon has plans to change that (Picture: Facebook).
12:41 GMT
At the offices, dozens of women, most wearing headscarves, are busy at work, one group entering data on global trademarks for a company in the Netherlands.
The Gulf powerhouse now finds itself locked in a battle for market share against unconventional producers
12:11 GMT
King Abdullah's death could not have come at a worse time for Saudi Arabia's vital oil sector as the absolute monarchy seeks to reassert its leadership in a fast-changing industry.
“The recent fall in the oil price is also a warning that the region cannot be over-reliant on energy resources for GDP growth."
04:55 GMT
The proposed Arab Stabilisation Plan, ASP, would build a regional framework to promote infrastructure investment and create jobs.

January 24, 2015

A tantalizing possibility is that King Salman could now accelerate some economic reforms that have been proceeding only slowly.
15:10 GMT
Saudi Arabia’s new king is expected to focus economic policy on creating jobs and multibillion dollar infrastructure projects to prevent tumbling oil prices from causing social tensions or undermining business confidence.

January 22, 2015

 Can television survive amid digital challenge
07:08 GMT
Television has fared positively in an increasingly digital Middle East, but should be conscious of the ever-changing digital environment and the power it can provide in advancing regional television, said an industry analyst, commenting on a new report.
Born out of an agreement between the UAE and France, Louvre Abu Dhabi is touted as an architectural marvel.
04:55 GMT
Rising from the sands on partly reclaimed land and jutting into the turquoise waters of the Arabian Gulf, this is Abu Dhabi’s cultural masterpiece in the making.

January 21, 2015

Data from the Turkish Statistics Institute (TurkStat) shows that mutual trade volume reached $2.6 billion in 2009.
21:47 GMT
Turkey's mutual trade volume with Israel reached over $5.6 billion in 2014, representing a nearly 50 percent rise over 2009 despite lingering diplomatic tension between the two.
 The UAE ranks as the number one economy in the Middle East
12:39 GMT
The UAE ranks as the number one economy in the Middle East in attracting and retaining talent, according to the Second Global Talent Competitiveness Index released on Tuesday.
"The fall of oil prices in the 80s was a main reason behind the collapse of many renewable energy projects," he told participants.
05:55 GMT
Oil prices have fallen by almost 60 per cent since June, crashing on worries over global oversupply and weak demand in a faltering world economy.