Featured Articles

January 24, 2012

If the region became a warzone it would hardly encourage tourism and both Dubai and Abu Dhabi have their hotels to fill
11:22 GMT
What does this long shadow cast over the UAE economy mean? Does it call the UAE’s status as a safe haven from the Arab Spring uprisings into doubt?

January 23, 2012

Cairo ICT 2012 will present a completely new image
16:57 GMT
“The positive political developments Egypt is witnessing must be combined with the desire to develop and grow all our sectors with similar speed and force.” Hossam Saleh, Executive Vice President of Trade Fairs International, the company organising Cairo ICT, said.
You need more tourism to create more jobs, more sales and that’s what’s happening in Dubai,” said David Macadam, head of retail at Jones Lang Lasalle
16:27 GMT
Retail needs high footfall to be successful so the higher the levels of footfall when you’re talking about tourism causes a growth in retail.
UNWTO forecasts a recovery in visitor numbers in the Middle East this year
16:17 GMT
'Tourism arrivals to the region slumped eight percent in 2011 but the UAE, Saudi Arabia and Oman still recorded "steady growth'. UN's World Tourism Organization has said.
The central banks have a duty to preserve the value of their assets in real terms and holding depreciating paper currencies is not a prudent way to do it
13:37 GMT
ArabianMoney sees this allocation to gold by emerging market central banks as an obvious and highly predictable development in a world of mounting government debts denominated in devaluing currencies.
Production and technology advances have led to a sharp decrease in the cost of production, and the market value of the renewable sector has increased from one billion dollars to 211 billion dollars
12:41 GMT
Steve Bolze, senior vice president, president and CEO of GE Power and Wind, said that only those companies that invested significantly in R&D and innovation will thrive.
“If Iran was to close the Strait of Hormuz, the biggest impact would be on investor confidence,” said Craig Plumb, head of research at Jones Lang Lasalle, MENA region
11:42 GMT
Dubai and Abu Dhabi have so far benefited from being relative save havens away from the turmoil across the Middle East. But the turmoil in Iran is much closer to home.

January 22, 2012

There is a high level of willingness and commitment from the government, as well as the private sector to develop the renewable energy sector in the sultanate
09:52 GMT
Oman has a Royal Decree and a vision to produce ten percent of its total electricity requirement from renewable energy resources by 2020.
One theory is that they came under pressure from oil companies seeking to protect one of their key markets. But whatever the reason, their stance consigned the turbine car to a footnote in motoring history
08:44 GMT
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.
Companies are looking at starting with commercial options first
08:07 GMT
“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 have less fiscal and monetary space for remedial measures than they did in 2008/09, Mr. Justin Yifu Lin said
14:05 GMT
Developing countries need to evaluate their vulnerabilities and prepare for further shocks, " Mr. Justin Yifu Lin, the bank's chief economist said.
Being relevant is a completely different game than spending huge marketing and media budgets and promising people to buy stuff that they don’t need
11:47 GMT
Advertising is not about awareness anymore, as Amir Kassaei, chief creative officer, DDB Worldwide, puts it. “It’s about being relevant.

January 18, 2012

Sheikh Sultan bin Mohammed, the Ruler of Sharjah, has directed the Department of Housing in Sharjah to speed up the construction of new homes
17:52 GMT
Sharjah Government has the capacity to build 1,000 new homes a year but requests for accommodation have risen to more than 5,000.
"Good brands have a lot of focus," says Grace Yacoub, the chief executive of Zaman, a consultancy in the UAE that launched The Most Authentic Arab Brands contest last year
17:35 GMT
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.
Last week, the Israel’s Deputy Foreign Minister Danny Ayalon said: Israel would respond to cyber-attacks in the same way it responds to violent “terrorist” acts
17:05 GMT
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.”