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January 23, 2012

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.”
The forecast from the (UNWTO) includes a prediction that the number of international tourist arrivals worldwide will reach one billion this year
10:41 GMT
"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.
The country’s airports reported steady increases in traffic during the year, according to data released by the Shaikh Zayed Air Navigation Centre
09:32 GMT
Air traffic movement in the UAE recorded a 7.6 percent jump in 2011 over the previous year despite global challenges.
The rial has been falling for almost a year since Mr. Ahmadinejad slashed costly fuel and food subsidies, stoking inflation
08:43 GMT
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.
The Paris-Sorbonne University has a rich history and reputation that cannot be compromised, irrespective of location
07:28 GMT
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.