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March 1, 2012

“International tourism hit new records in 2011 despite the challenging conditions,” says UNWTO secretary-general Taleb Rifai
07:50 GMT
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.
Dubai is a global and enabling business hub strategically located between East and West
07:22 GMT
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

Despite the global economic slowdown impacting UAE real estate adversely, government investments in critical national infrastructure projects have continued
19:50 GMT
The combined value of current construction projects in the UAE is about $1.25 trillon (Dh4.59 trillion).
Much of the surplus funds would be deployed in developmental projects
18:51 GMT
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.
On the Middle East growth, IATA said the regional airlines enjoyed a 9.4 percent rise in demand, the healthiest performance among the regions
17:39 GMT
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.
"The credit growth is reflecting liquidity in the banking system and a strong balance sheet of banks," said Khatija Haque,a senior economist at Emirates NBD
10:48 GMT
Credit growth in Saudi Arabia has rebounded strongly after falling to close to zero in 2009 as the global financial crisis hit.
Due to Greece optimism coupled with easing from Chinese bourses metals pack remained bullish
09:40 GMT
Base metal prices rallied the most in 2012 for the week gone by and prices gained by 2.8 to 7.9 percent.
A clear fluctuating demand on motor vehicles and aircraft, having accordingly these orders of durable goods fall to their lowest in three years
08:57 GMT
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

Once a leading Internet company, Yahoo now finds itself trailing behind newer entrants like Google and Facebook
20:14 GMT
Yahoo is threatening action unless Facebook licenses some of its technologies, as other web and technology companies are said to have done.
Sweden has confidence in Egypt's economic future
19:30 GMT
Swedish Ambassador Malin Kärre said: “Swedish business in Egypt is relatively stable and many companies have reported a considerable growth in their income.
In the most optimistic case, all the money which can be allocated to job creation will not exceed 80 billion dollars
17:31 GMT
To create one million jobs annually, the country faces $120 billion deficit,” Deputy Majlis speaker Mohammad-Reza Bahonar told ILNA news agency.
The number of Jordanians and Iranians coming to Lebanon via Syria was reaching approximately 300,000 annually but this number declined by 70 percent in 2011 compared to 2010
10:44 GMT
Tourism Minister Fadi Abboud unveiled his ministry’s plan to boost the annual number of tourists to 4 million by 2015.
Potential growth of SFI is expected to range between $6 and $10 trillion by 2013
10:17 GMT
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.
Emerging markets need to get online
08:41 GMT
In these challenging times, the online sector represents a giant opportunity.

February 27, 2012

The last stock market in the world to catch up with a global rally that has almost topped out?
16:45 GMT
You can take your pick when looking at the 24 percent surge in the Dubai Financial Market since it finally bottomed in mid-January.