UAE

February 22, 2012

In terms of online banking, the internet is becoming a popular channel for processing banking transactions, with four out of ten respondents engaging in at least one online banking transaction on a monthly basis
12:26 GMT

MENA has announced the findings of a UAE-focused deep dive report which shows that search engines are the most used and most preferred tool for finance research.

February 20, 2012

Food and agricultural exports to the UAE from South Africa, including fruit, sugar cane and ostrich meat, increased by about 3.5 percent last year compared with 2010
16:37 GMT

Countries are more than ever striving to boost their food exports to the highly import-dependent UAE as well as to the rest of the Middle East.

February 19, 2012

The problem with the sanctions is that they are not very clear
14:35 GMT

Dubai's officials are asking the government for guidance about trading with Iran as exports to one of Dubai’s biggest markets has now shrunk.

The survey concluded that millions of jobs will have to be created in order to meet that growth
09:08 GMT

Stereo-typing of nationals means that companies are reluctant to bring them on board.

February 16, 2012

Hotels in Dubai and Saudi Arabia outperformed other markets in the Middle East last year
08:54 GMT

Dubai became a market leader with hotels recording the highest occupancy levels of 78 percent in the period January to December 2011, according to the E&Y study.

February 13, 2012

US dollar
07:38 GMT

Arabs are increasingly relying on the US dollar to escape some of the economic repercussions of the Arab Spring.

February 12, 2012

UAE is the biggest export market for the United States
16:49 GMT

United States trade with UAE last year marks a jump of 26 percent compared to 2010.

February 8, 2012

FedEx Express was followed by Microsoft, Marriott, PepsiCo and The One
08:15 GMT

Climbing from second place in last year’s Top Companies list to number one in 2012 was FedEx Express.

February 7, 2012

The construction of the road will be executed through two tenders
16:45 GMT

The Department of Transport (DoT) has invited bids for the construction of a new 62km-long Abu Dhabi-Dubai dual carriageway.

Special economic zones and free zones offer 100 percent ownership
16:02 GMT

The UAE has a vibrant free economy, a significant proportion of its revenues arising from exports of oil and gas.

February 6, 2012

The festival's marketing slogan for this year “Dubai at its Best”
09:05 GMT

Dubai Shopping Festival 2012 has lived up to its promise of staging the most exciting activities and offering the best shopping experience for the whole family, inspired by the theme “One World, One Family, One Festival”.

Health
05:48 GMT

Arab population is growing at a rapid pace, generating strong demand for more healthcare capacity.

February 5, 2012

Education has been one of the components of Dubai FDI's strategic action plan in 2011
08:22 GMT

Dubai enjoys the advantage of being a strategic and investment hub in the region.

February 2, 2012

Plans are for one OA to be set up for each cluster within DG and IC
14:24 GMT

The Dubai Land Department (DLD) is in talks with Nakheel to establish owners' associations (OA) in Discovery Gardens (DG) and International City (IC), a senior official said.

January 31, 2012

Dubai was the sole tourist destination in the region that has shown a rise in occupancy and revenue per available room with a very slight decline in room rates
09:51 GMT

In a report on the hotel industry in the Middle East and North Africa, it said the emirate had proved its "magnetic attraction as a tourist attraction."

The creation and development of an active social entrepreneurship sector in the UAE will be gradual and take a number of years to achieve
08:58 GMT

A recent study into entrepreneurs and business owners in UAE showed higher education correlated with the likelihood of starting up a business.

January 30, 2012

According to ZonesCorp, the auto city ICAD V provides a world-class infrastructure and services
16:38 GMT

Abu Dhabi will develop an automobile city in the Mussafah area, the auto city ” Industrial City of Abu Dhabi V (ICAD V) ” spans 11 squaret kilometres and caters to Abu Dhabi's automotive value chain.

Do we really need to add more capacity because we want to reach areas for development or are we doing this only because of the congestion?
16:02 GMT

A planned expansion of Emirates Road from Dubai to Abu Dhabi would improve traffic flow and economic development, but not solve long-term safety issues or strains on commuters, experts say.

Since the start of the year, average daily traded value on both Dubai Financial Market and Abu Dhabi Securities Exchange have averaged $16 million (Dh58.7 million)
08:49 GMT

The UAE stock markets are crying for liquidity as investors shy away from the once-hectic trading platforms.

January 29, 2012

Construction companies were already engaged on most of the projects; many had already been put out to bid
16:11 GMT

Construction companies are reacting with cautious optimism at news the Abu Dhabi Government is ready to restart billions of dollars worth of projects.

January 26, 2012

Certainly the Dubai aviation, airline and tourism sectors have some rougher turbulence to navigate through this year
16:20 GMT

Dubai airports handled a record 51 million passengers in 2011, up eight percent on the previous year. But cargo volume fell 1.5 percent to 2.2 million tons as the global economy slowed down.

Some of the internal events that shaped the UAE's job market include Emirates NBD's merger with Dubai Bank
09:35 GMT

Events play a great role in boosting the economy. Some specific events that shaped the job market the most last year were; some external events, like the Arab Spring, the great slowdown in the US and Eurozone.

UAE President Sheikh Khalifa
08:54 GMT

UAE President Sheikh Khalifa bin Zayed al Nahyan has ordered the partial settling of AED2 billion worth of debt.

January 25, 2012

Iranians once played a key role in the Dubai market. In 2008 they were the fourth-largest group of international buyers in Dubai
16:51 GMT

Many of the Iranian buyers are looking for a safe place to invest their money, property executives say.

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

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.

“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

@QueenRania: Rania Al Abdullah is the savvy Queen to Jordan's King. His First Lady trail-blazed Royal tweeting early in 2009. She tweets between Arabic & English to promote peace through education & entrepreneurship, while celebrating Jordan. In Twitter years, she is an old-hand at working the Social Media playground for her charity agenda.
10:39 GMT

Al Bawaba's pickings of some of the more colorful Tweeps operating in the Middle Eastern Twitter-sphere include friendly Lebanese politicians and singers to the actively engaged Emirs and Queens of the region. Which Arab politicians or celebrities are dominating the Twitter-verse?

GCC
09:51 GMT

Saiid El-Harrach, an expert from Capital Economist group, said that Gulf States will need to boost government expenditures due to an expected reduction in foreign investment in the region as a result of the Iranian crisis.

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.