January 25, 2012
While the ADTA has leveraged the golf championship quite successfully to boost leisure tourism in the emirate, they are also big on niche sports like triathlon and take pride in the manner the capital has made giant strides as a sporting hub in the Middle East.
January 24, 2012
Several major international airlines seem to be wary of picking up stakes in the loss-making Indian carriers at this stage, even as the government plans to take steps to allow them to do so.
As the resources of the government are limited, it is only natural that sacrifices must be made by many layers of society to provide the funds necessary to ensure welfare.
The kingdom should make it a priority to ensure its young people are well prepared for the challenges of working in the modern economy," inJAz Bahrain executive director Shaikha Hessa bint Khalifa Al Khalifa said.
The global economy needs to create 600 million jobs in the next 10 years to sustain economic growth and maintain world social stability, a U.N. report said.
Growth prospects for the hardware, machinery and tools industries in the Middle East continues to look buoyant, driven by what is primarily an import-dependent market due to minimal local production.
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
“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.
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.
'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.
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.
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.
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
Oman has a Royal Decree and a vision to produce ten percent of its total electricity requirement from renewable energy resources by 2020.
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.