January 22, 2012
Back in the 1930s when climate change was still in the realm of science fiction, Chrysler began development of a turbine engine. Unlike a petrol car, a turbine could run on more or less anything combustible including kerosene and vegetable oil.
“Speed is important,” Abdul Aziz Al Ghurair told Gulf News. “For any investor coming from the UAE, speed is critical. We have to choose where to invest because the whole world is going to be coming here.
January 19, 2012
Developing countries need to evaluate their vulnerabilities and prepare for further shocks, " Mr. Justin Yifu Lin, the bank's chief economist said.
Advertising is not about awareness anymore, as Amir Kassaei, chief creative officer, DDB Worldwide, puts it. “It’s about being relevant.
January 18, 2012
Sharjah Government has the capacity to build 1,000 new homes a year but requests for accommodation have risen to more than 5,000.
With the new year comes the start of the corporate battle to be recognised as the biggest, simplest or most authentic brand in the UAE.
The Saudi hacker who initiated the recent wave of online attacks on Israeli sites informed Israel’s Ynet earlier of the planned attack, which he said was to be carried out by a group of pro-Palestinian hackers referring to themselves as “Nightmare.”
"The Middle East is forecast to start to recover part of its losses from 2011," the UN World Tourism Organisation UNWTO said. It is projecting flat to 5 percent tourism growth for the region.
Air traffic movement in the UAE recorded a 7.6 percent jump in 2011 over the previous year despite global challenges.
The Iranian currency has shed about 40 percent of its value against the dollar this month. The soaring costs of food, rent and utilities are constricting the average urban family's monthly income of about Dh2,000.
Opening the doors of the renowned Paris Sorbonne University in Abu Dhabi (PSUAD) to the nation’s rapidly expanding student community in October 2006, was a step towards achieving the UAE government’s vision to becoming one of the top five education destinations of the world.
January 17, 2012
Lebanon's economy ranked as the 10th most liberal in the Middle East and North Africa region (MENA) and 90th in the world, according to the 2012 Heritage Foundation Index of Economic Freedom.
Egypt saw FDI fall to $440.1 million from July-September from $1.60 billion a year earlier, helping to create a $2.36 billion deficit in the balance of payments versus a surplus of $14.7 million a year earlier, according to Reuters.
The region's advantages in solar power have long been known: its sunny climate; and the close match between peak demand (midday in summer, driven by air conditioning) and the maximum energy available from the sun.
January 16, 2012
Within weeks, the full extent of the downturn in the property market became apparent and lavish hotel projects across the emirate ground to a halt. More than three years on, some of those developments are lurching back to life, further signs of a recovery in the sector.