Why is so much money being pumped into airlines?
Money
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Apr 152012
The region's aviation sector is booming as a result of the significant investment in the industry by many of the region's governments.
To date, the UAE has invested $136 billion in its aviation sector in the last two decades; the total investment alone Read more [...]
DIFC Weekly Economic Commentary: 15 April 2012
Motoring
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Apr 152012
The euro fell as the spike in Spanish bond yields revived debt concerns in Europe while the dollar gained against the CHF and JPY. Gold prices, which were rallying most of last week, dipped almost 1.5% on Friday after release Read more [...]
Prestige and power fuel Qatar’s frantic shopping
Shopping
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Apr 042012
By Una Galani
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
Investors searching for financial logic to Qatar’s raft of high profile foreign investments risk coming unstuck. Within recent weeks the tiny Gulf state’s sovereign fund has made moves on France’s Total, conglomerate Lagardere and luxury house Read more [...]
Tourism to pump $44bn into GCC economies
Events
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Mar 192012
Tourism to pump $44bn into GCC economies AfricanManager
The total direct contribution of travel and tourism to the GDP in GCC countries is expected to reach $44 billion this year, up 27 per cent from 2009, the Read more [...]
GCC tourism sector to reach $44 billion in ’12
Tourism
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Mar 192012
BUSINESS JEDDAH – Flush with cash, with oil prices consistently above $120 a barrel, the United Arab Emirates, Saudi Arabia and Qatar have all embarked on aggressive hotel and transport development programs as they seek to diversify their economies away from oil and Read more [...]
Mar 192012
Gulf Tourism
Mar 18, 2012
MUSCAT, Oman — The total direct contribution of travel and tourism to GDP in GCC countries is expected to reach $44 billion this year, up 27 per cent from 2009, the peak of the financial crisis in the Gulf, according to the Read more [...]
IMF cautions UAE on risks of debt rollover
Business
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Mar 162012
Dubai The International Monetary Fund (IMF) on Wednesday cautioned the UAE on risks involving debt rollover of government-related entities (GRE) due to the uncertain global economic and financial environment.
An IMF delegation said the UAE's real gross domestic product (GDP) will grow at 2.3 per cent this Read more [...]
Is property investment in Dubai still viable?
Lifestyle
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Mar 122012
PHENOMENAL: 25%
is by how much real estate
prices mushroomed between
2002 and 2008. PHOTO: AFP/FILE
RIYADH: Most of us have heard the Dubai story: small Gulf emirate not rich in oil decides to diversify its economy, executes it marvelously – and suddenly Read more [...]
Mar 082012
Dubai: Dubai's tourism industry achieved a 20 per cent jump in revenues to Dh16 billion last year due to a number of factors, including Arab Spring and the addition of new properties.
The emirate's 575 hotels and serviced apartments catered to 9.30 million tourists Read more [...]
Dubai business mood surges
Business
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Nov 282011
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Nov 232011
DUBAI - New research, released by Swedish telecommunications major Ericsson, claims that doubling the speed of broadband in the UAE can add as much as $690 million to the country’s GDP. The study, jointly conducted with Arthur D. Little and Chalmers University of Technology quantifies the isolated impact of broadband speed, showing that doubling the broadband speed for an economy increases Gross Domestic Product (GDP) by 0.3 per cent. The study also shows that additional quadrupling the speed could Read more [...]
Dubai set to be among top hubs for logistics
News
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Nov 212011
Abu Dhabi: Dubai will soon be among the top logistics hubs in the world as global companies are outsourcing their manufacturing processes, experts say.
"The transport and logistics sectors represent an important part of the UAE economy, comprising 10.4 per cent of non-oil GDP," Nabeel Ebrahim, Abu Dhabi University Chancellor, said.
"As the UAE has witnessed tremendous growth and diversification in its economy, logistics in particular has Read more [...]