March 1, 2012
Internatiobal tourist arrivals grew by over four percent in 2011 to 980 million, according to the World Tourism Organisation’s (UNWTO) latest World Tourism Barometer.
Under the tagline “Dubai means business”, the campaign emphasises its strategic location between east and west and showcases its success stories in trade, infrastructure and entrepreneurship.
February 29, 2012
The combined value of current construction projects in the UAE is about $1.25 trillon (Dh4.59 trillion).
The crude exporting countries know very well that the windfall gains do not last for long. This has happened before and will happen again. The countries may have already planned how they are going to use their surplus from oil revenues.
The International Air Transport Association (IATA) said global traffic continued to rise in January showing a 5.7 percent jump in passenger demand, but air freight demand fell 8 percent over last year.
Credit growth in Saudi Arabia has rebounded strongly after falling to close to zero in 2009 as the global financial crisis hit.
Base metal prices rallied the most in 2012 for the week gone by and prices gained by 2.8 to 7.9 percent.
The Commerce Department of the world's leading economy showed that the durable goods orders throughout the month of January dropped significantly and gloomily by 4.0 percent.
February 28, 2012
Yahoo is threatening action unless Facebook licenses some of its technologies, as other web and technology companies are said to have done.
Swedish Ambassador Malin Kärre said: “Swedish business in Egypt is relatively stable and many companies have reported a considerable growth in their income.
To create one million jobs annually, the country faces $120 billion deficit,” Deputy Majlis speaker Mohammad-Reza Bahonar told ILNA news agency.
Tourism Minister Fadi Abboud unveiled his ministry’s plan to boost the annual number of tourists to 4 million by 2015.
The global landscape for Sovereign Financial Institutions (SFI) connected with their structure, safeguarding their sovereign tax exemptions and their compliance requirements have remained key issues for the state-owned funds.
In these challenging times, the online sector represents a giant opportunity.
February 27, 2012
You can take your pick when looking at the 24 percent surge in the Dubai Financial Market since it finally bottomed in mid-January.