UAE Report https://marcopolis.net/uae-report/ Fri, 03 May 2024 11:53:39 +0000 Joomla! - Open Source Content Management en-gb info@marcopolis.net (Marcopolis) Luxury Real Estate Market Comparison: Ghana vs. USA vs. UK vs. UAE https://marcopolis.net/luxury-real-estate-market-comparison-ghana-vs-usa-vs-uk-vs-uae.htm https://marcopolis.net/luxury-real-estate-market-comparison-ghana-vs-usa-vs-uk-vs-uae.htm

The global luxury real estate market has consistently been a focal point for high-net-worth individuals, offering unique opportunities for investment, opulence, and status. This article delves into a comparative analysis of the luxury real estate markets in four distinct and dynamic regions: Ghana, the United States (USA), the United Kingdom (UK), and the United Arab Emirates (UAE). Each of these markets presents its unique characteristics, influenced by economic factors, cultural nuances, and geopolitical dynamics.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Mon, 27 Nov 2023 07:56:53 +0000 Top 10 Companies in UAE | Most Important Companies in UAE https://marcopolis.net/top-10-companies-in-uae-most-important-companies-in-uae.htm https://marcopolis.net/top-10-companies-in-uae-most-important-companies-in-uae.htm top 10 companies in UAE

The top 10 list of the largest companies in UAE is compiled and updated by the MarcoPolis research team. The list is topped by First Abu Dhabi Bank (FAB), Emirates NBD, Etisalat Group and TAQA Group.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 08:12:13 +0000 First Abu Dhabi Bank https://marcopolis.net/first-abu-dhabi-bank.htm https://marcopolis.net/first-abu-dhabi-bank.htm

First Abu Dhabi Bank is the largest bank in the United Arab Emirates. It was formed following a merger between First Gulf Bank and National Bank of Abu Dhabi.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:45:56 +0000 Emirates NBD https://marcopolis.net/emirates-nbd.htm https://marcopolis.net/emirates-nbd.htm

Emirates NBD Bank PJSC is Dubai's government-owned bank and is one of the largest banking groups in the Middle East in terms of assets.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:43:36 +0000 Etisalat Group https://marcopolis.net/etisalat-group.htm https://marcopolis.net/etisalat-group.htm

Emirates Telecommunication Group Company PJSC, doing business as Etisalat, is a Emirati-based multinational telecommunications services provider, currently operating in 16 countries across Asia, the Middle East and Africa.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:40:48 +0000 TAQA Group https://marcopolis.net/taqa-group.htm https://marcopolis.net/taqa-group.htm

Listed on the Abu Dhabi Securities Exchange (ADX), TAQA is an international energy and water company operating in 11 countries across four continents.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:38:41 +0000 ADCB Group https://marcopolis.net/adcb-group.htm https://marcopolis.net/adcb-group.htm

ADCB is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, etc.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:36:24 +0000 Dubai Islamic Bank https://marcopolis.net/dubai-islamic-bank.htm https://marcopolis.net/dubai-islamic-bank.htm

The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975. It is the first Islamic bank in the world to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:34:14 +0000 Emaar Properties https://marcopolis.net/emaar-properties.htm https://marcopolis.net/emaar-properties.htm

Emaar Properties or Emaar Developments is an Emirati multinational real estate development company located in the United Arab Emirates. It is a public joint-stock company, listed on the Dubai Financial Market, and has a valuation of US$14 billion.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:31:29 +0000 Aldar Properties https://marcopolis.net/aldar-properties.htm https://marcopolis.net/aldar-properties.htm

Aldar Properties PJSC is a real estate development, management and investment company with headquarters in Abu Dhabi, United Arab Emirates. The company's shares are traded on the Abu Dhabi Securities Exchange.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:29:14 +0000 Abu Dhabi Islamic Bank https://marcopolis.net/abu-dhabi-islamic-bank.htm https://marcopolis.net/abu-dhabi-islamic-bank.htm

Abu Dhabi Islamic Bank PJSC is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates. All contracts, operations and transactions are carried out in accordance with Islamic Sharia principles.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:26:09 +0000 Commercial Bank of Dubai https://marcopolis.net/commercial-bank-of-dubai.htm https://marcopolis.net/commercial-bank-of-dubai.htm

Commercial Bank of Dubai is a UAE banking and financial services corporation headquartered in Deira, Dubai. With more than US$30 billion in assets, Gulf Business listed CBD as the 7th largest bank in the UAE, based on total assets.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Fri, 24 Jun 2022 07:21:58 +0000 Discussing Sports Management and Sports Tech in the UAE with Chucri Rizk of ESPORSA Group https://marcopolis.net/discussing-sports-management-and-sports-tech-in-the-uae-with-chucri-rizk-of-esporsa-group.htm https://marcopolis.net/discussing-sports-management-and-sports-tech-in-the-uae-with-chucri-rizk-of-esporsa-group.htm

Chucri Rizk discusses sports management, sports tech and sports consulting in the UAE, and gives an overview of ESPORSA Group, an innovative company looking to be the hub of sports tech in the region in the coming 5 years. ESPORSA is based on three pillars: a corporate agency which will help the market in terms of sponsorship, consultancy, sports rights holders, media platforms, and investments ; e-commerce ; and sports tech.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Wed, 02 Feb 2022 09:28:44 +0000 ESPORSA Group Aiming to Become the Hub of Sports Tech in the UAE and the Region https://marcopolis.net/esporsa-group-aiming-to-become-the-hub-of-sports-tech-in-the-uae-and-the-region.htm https://marcopolis.net/esporsa-group-aiming-to-become-the-hub-of-sports-tech-in-the-uae-and-the-region.htm
Chucri Rizk, Founder and CEO of ESPORSA Group, an innovative company aiming to become the hub of sports tech in the UAE and the region in the next few years, presents ESPORSA.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Wed, 02 Feb 2022 09:25:09 +0000 Travel and Tourism Sector: Discover and Explore the United Arab Emirates https://marcopolis.net/travel-and-tourism-sector-discover-and-explore-the-united-arab-emirates.htm https://marcopolis.net/travel-and-tourism-sector-discover-and-explore-the-united-arab-emirates.htm

Tourism in the UAE is an important sector for the country. Benefitting from economic and political stability, a religiously and culturally tolerant population, as well as a wide range of events and activities, the country is an ideal tourist destination and the most successful among the Gulf nations.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Wed, 12 Jan 2022 14:02:16 +0000 Foreign Direct Investment Inflows to the United Arab Emirates: Overview and Trends https://marcopolis.net/foreign-direct-investment-inflows-to-the-united-arab-emirates-overview-and-trends.htm https://marcopolis.net/foreign-direct-investment-inflows-to-the-united-arab-emirates-overview-and-trends.htm

According to the World Investment Report 2021 by UNCTAD (United Nations Conference on Trade and Development), which focuses on trends in foreign direct investment worldwide and at the regional and country levels, the UAE saw its FDI inflows increase by 11%, from USD 18 billion in 2019, to USD 20 billion in 2020, despite the emergence of the COVID-19 pandemic. Over the same period, the stock of FDI reached USD 151 billion.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Tue, 11 Jan 2022 13:24:53 +0000 Economic Outlook: Projects of the 50 to Help the UAE Reduce its Dependence on Hydrocarbons https://marcopolis.net/economic-outlook-projects-of-the-50-to-help-uae-reduce-its-dependence-on-hydrocarbons.htm https://marcopolis.net/economic-outlook-projects-of-the-50-to-help-uae-reduce-its-dependence-on-hydrocarbons.htm

One of the main challenges of the UAE economy is the reduction of its dependence on hydrocarbons which, despite efforts to diversify the economy, continue to represent a substantial share of public revenue. Projects of the 50, a series of developmental and economic projects, were designed to make the country the global capital of investment and economic creativity, an integrated incubator for entrepreneurship and emerging projects, and an advanced laboratory for new economic opportunities.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Thu, 06 Jan 2022 10:50:27 +0000 Courses and Coaching in Bahrain: An Interview with Dr Loay Al Khaja of Masters International https://marcopolis.net/courses-and-coaching-services-in-bahrain-an-interview-with-dr-loay-al-khaja-of-masters-international.htm https://marcopolis.net/courses-and-coaching-services-in-bahrain-an-interview-with-dr-loay-al-khaja-of-masters-international.htm

Dr Loay Al Khaja gives an overview of the courses and coaching services sector in Bahrain and presents Masters International, an entity specialized in providing online courses, exclusive coaching, live events, business and marketing development consultancy, etc., in order to empower business owners, entrepreneurs, individuals and leaders.

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]]> sandra@marcopolis.net (Sandra Francisco) UAE Report Thu, 28 Oct 2021 12:54:04 +0000 Top 10 Largest Banks in the UAE https://marcopolis.net/top-banks-in-uae.htm https://marcopolis.net/top-banks-in-uae.htm Top banks in Libya

Top 10 Largest Banks in the UAE

Marcopolis.net presents top banks in UAE list that groups top 10 Banks in the country by assets. Based on our findings the higest ranked bank in the UAE is Emirates NBD closely followed by the National Bank of Abu Dhabi and Abu Dhabi Commercial Bank. View the top 10 largest banks in the UAE list. 

There are 23 domestic banks in the UAE and 28 foreign banks. In addition to these banks, there also Islamic banks which are significantly growing as the number of Islamic banks is now 8. There is only one central bank however for all the 7 emirates. It implements the banking, credit and monetary policies with the UAE’s currency being the Arab Emirate Dirham (3.673AED=$1).The banks in Dubai and Abu Dhabi hold the majority of the total domestic assets.

The UAE banking sector is the largest in the world and its assets represent 1.3 times that of the UAE’s GDP. In addition to this, the banking sector has lend its fastest growth rate this year with deposits having increased by 7.4% in 2013. The average loan/deposit ratio for some major banks is above 100%.

According to Al Suwaidi, the UAE Central bank’s governor, stated the volume of banking assets in the country reached $476 billion, deposits reached $316 billion and the volume of lending hit $296 billion.Top Banks in UAE

As for the number of employees in the banking sector, it has been decreasing recently: it has actually declined from 39,589 employees in December 2008 to 36,527 as of June 2010.

Taken from the Gulf Business Top 50 Banks, these are the biggest banks in the UAE by 2012 total assets:

Top 10 Largest Banks in the UAE

#1  Emirates NBD
2012 assets: $83,935,843
2011 assets: $77,498,539
Growth: 8.31%

Emirates NBD, the leading banking group in the region was formed on 16th of October 2007 when the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The Emirates NBD 2007 merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD), became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the United Arab Emirates (UAE) to form a banking champion with the largest asset base in the GCC region summing up to AED 281.6 billion as at 31st December 2009. With a fast growing Islamic banking affiliated entities, strong investment and private banking services and a leadership in the field of asset management products and Brokerage services, Emirates NBD is well positioned to grow and deliver outstanding value to its shareholders, customers, and employees.
Emirates NBD bank is 95.03% owned by national investors, 2.78% from Arab investors and 2.02% by foreigners.

#2  National Bank of Abu Dhabi (NBAD)
2012 assets: $81,840,231
2011 assets: $69,616,747
Growth:17.56%

The National Bank of Abu Dhabi (NBAD) has one of the largest networks in the UAE with an expanding network of 125 branches and cash offices and more than 585 ATMs across the country. NBAD’s growing international network consists of about 60 branches and offices in 17 countries stretching across five continents from the Far East to the Americas, giving it the largest global network among all UAE banks. The bank’s majority (70.5%) is owned by Abu Dhabi government.

#3  Abu Dhabi Commercial Bank (ADCB)
2012 assets: $49,222,903
2011 assets: $47,638,886
Growth: 3.33%

Abu Dhabi Investment Council has 58.08% of the ADCB’s shares. In fact, the Abu Dhabi Investment Council is an investment arm of the Government of Abu Dhabi. The Council started its operations in April 2007 and is responsible for investing part of the government’s surplus financial resources through a globally diversified investment strategy, targeting positive capital returns through an expansive portfolio of highly diversified asset classes and active investment management strategies. The Abu Dhabi Government owns 3.51% of the bank’s shares, and Foreign investors 3.54%. As for the remaining 34.87%, they are owned by other national investors.

#4  First Gulf Bank
2012 assets: $47,654,234
2011 assets: $42,880,963
Growth: 11.13%

Established in 1979, First Gulf Bank (FGB) had Shareholder Equity of AED 28 billion as of December 31st, 2012 making it one of the largest equity based banks in the UAE. Today, FGB is recognised as a world-class organisation committed to maximising value for shareholders, customers and employees as it focuses on delivering banking products and services that meet client needs and support the UAE's dynamic economy. First Gulf Bank was named the "Best Local Bank in the UAE" for 2011 and 2012 by EMEA Finance. The Abu Dhabi Ruling Family owns 67% of the First Gulf Bank, and the remaining 33% are public shareholdings.

#5  Dubai Islamic Bank
2012 assets: $25,963,708
2011 assets: $24,663,344
Growth: 5.27%

In June 2012, Dubai Islamic Bank has been named as the Best Islamic Bank in the region by Banker Middle East MagazineInspite of experiencing exceptional growth since its establishment in 1975, the Bank today remains true to its roots as a customer-centered organisation, where close personal service and honesty form the basis of all relationships. 28.63% of the Dubai Islamic Bank is owned by the Investment Corporation of Dubai. In fact, the latter isis a sovereign wealth fund owned by the government of Dubai, United Arab Emirates. Saeed Ahmed Lootah owns 6.91% of the bank while 3.38% are general pensions for Social Security Authority.

#6  Union National Bank
2012 assets: $23,723,918
2011 assets: $22,271,946
Growth: 6.52%

Established as a Public Joint Stock Company in 1982, UNB is the only bank that is jointly owned by the Governments of Abu Dhabi and Dubai. The Chairman, H. H. Sheikh Nahayan Mabarak Al Nahayan, Minister of Culture, Youth & Community Development, is well supported by the Board of Directors that consists of eminent business personalities and our Senior Management team which is made up of experienced professionals.
Union Brokerage Company (UBC), one of the oldest brokerage firms in UAE is a subsidiary of UNB. Besides being a leading player in the Brokerage industry, it was among the first national companies to deal in the brokerage field in the country.
The Al Wifaq Finance Company, a subsidiary of UNB, has been established with the purpose of offering Sharia compliant financial, commercial and investing services to both organizations and individuals in compliance with the rules and principals of the Islamic Law.

#7  Abu Dhabi Islamic Bank (ADIB)
2012 assets: $23,322,776
2011 assets: $20,238,243
Growth: 15.24%

In 2010, ADIB had introduced its new brand identity as a symbol of a new promise. ADIB has worked hard to implement these simple but powerful promises in the way we do business. The bank has introduced a number of new offerings and improvements already. ADIB has 70 branches and 460 ATMs. ADIB is publicly owned.

#8  Mashreq
2012 assets: $20,795,889
2011 assets: $21,574,005
Growth: -3.61%

Mashreq has provided banking and financial services to millions of customers and businesses since 1967. Mashreq is invariably among the highest performing banks in the Region. It’s financial performance reflects on its commitment to continue leading the UAE banking industry. A rising market share, solid equity base, growing asset base and return on assets has meant that Mashreq has a strong financial position in the market. In recent years Mashreq’s financial performance has grown from strength to strength, registering new highs, as our operations have expanded. Saif A. Ghurair owns 39.47% of the bank, while Abdullah A. Al Ghurair Investment Co. owns 31.10%. Masar Investment Co. owns 9.66%.

#9  National Bank of Ras Al-Khaimah (RAKBANK)
2012 assets: $7,419,041
2011 assets: $6,670,987
Growth: 11.21%

RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis. Rakbank is 52.75% owned by the government.

]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 31 Oct 2013 15:46:34 +0000 UAE ranked 14th globally in A.T. Kearney’s FDI Confidence Index https://marcopolis.net/uae-ranked-14th-globally-in-at-kearneys-2013-fdi-confidence-index.htm https://marcopolis.net/uae-ranked-14th-globally-in-at-kearneys-2013-fdi-confidence-index.htm UAE ranked 14th globally in A.T. Kearney’s 2013 FDI Confidence Index

Bahrain Top Stories
UAE ranked 14th globally in A.T. Kearney's 2013 FDI Confidence Index

A.T. Kearney issued its 2013 FDI Confidence Index in which the UAE took the 14th position out of 25 countries globally. The country's ranking advanced by one notch from the 2012 survey but remains three notches lower than that seen in the 2011 survey. It is worth noting that the UAE is the only country within the MENA geography to have been included in the top 25 ranking.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Wed, 17 Jul 2013 07:02:45 +0000 UAE Finances Strengthening But Risks In Dubai Linger https://marcopolis.net/uae-finances-strengthening-but-risks-in-dubai-linger.htm https://marcopolis.net/uae-finances-strengthening-but-risks-in-dubai-linger.htm UAE Finances Strengthening But Risks In Dubai Linger

Bahrain Top Stories
UAE Finances Strengthening But Risks In Dubai Linger

The International Monetary Fund (IMF) indicated that the UAE's economic recovery has continued to strengthen amid favorable oil prices and capital inflows.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 20 Jun 2013 08:34:34 +0000 UAE GDP growth up 3.9% in 2012, expected to be up further 3.1% in 2013 https://marcopolis.net/uae-gdp-growth-up-39-in-2012-expected-to-be-up-further-31-in-2013.htm https://marcopolis.net/uae-gdp-growth-up-39-in-2012-expected-to-be-up-further-31-in-2013.htm

UAE Sector Analysis
UAE GDP growth up 3.9% in 2012, expected to be up further 3.1% in 2013

Led by non-oil sectors that would continue to see massive infrastructure spending, primarily in Abu Dhabi and Dubai Global: UAE GDP growth up 3.9% in 2012, expected to be up further 3.1% in 2013

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]]> editor@marcopolis.net (Jacques Yétérian) UAE Report Mon, 17 Jun 2013 09:03:09 +0000 Strong demand pushes prices and rents up in Dubai https://marcopolis.net/strong-demand-pushes-prices-and-rents-up-in-dubai.htm https://marcopolis.net/strong-demand-pushes-prices-and-rents-up-in-dubai.htm

UAE Sector Analysis
Strong demand pushes prices and rents up in Dubai

Dubai real estate market has recovered at a phenomenal speed. Although sale and rental prices of property had begun rising in 2012 but the price hikes were limited to handful areas. In 2013 however, that recovery has been more widespread where there are palpable signs of a more profound recovery.

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]]> editor@marcopolis.net (Jacques Yétérian) UAE Report Mon, 17 Jun 2013 08:31:56 +0000 RAKIA Dr. Khater Massaad https://marcopolis.net/rak-business-dr-khater-massaad.htm https://marcopolis.net/rak-business-dr-khater-massaad.htm Dr. Khater Massaad

Is your major focus on the manufacturing sector or are you also trying to attract high-tech? Not only do we want to attract building materials but also industries that are sustainable in the long term and not cyclical or seasonal. A good manufacturing base does not necessarily mean cheap manpower, cheap raw material or cheap energy. It is a combination of everything, combination of facilities and simplicity of doing RAK business.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 09 Nov 2009 17:45:33 +0000 UAE Facts & Figures https://marcopolis.net/uae-facts-a-figures.htm https://marcopolis.net/uae-facts-a-figures.htm Read More...

]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 16 Oct 2008 01:08:58 +0000 H.H. Sheikh Saud bin Saqr Al Qassimi https://marcopolis.net/hh-sheikh-saud-bin-saqr-al-qassimi.htm https://marcopolis.net/hh-sheikh-saud-bin-saqr-al-qassimi.htm Crown Prince and Deputy Ruler of Ras Al Khaimah - Biography
Read more - Key Private Institutions
In RAK, if you are a creator, if you are an American or Swiss, if you are a private creator, basically it is a place where you try to create a place for everybody and to be a magnet for talent. It is a place where our greatest success is talent.

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]]> editor3@marcopolis.net (Peter Matay) UAE Report Thu, 09 Oct 2008 15:42:40 +0000 UAE Banking when Banking in UAE becomes the driver of growth https://marcopolis.net/uae-banking-when-banking-in-uae-becomes-the-driver-of-growth.htm https://marcopolis.net/uae-banking-when-banking-in-uae-becomes-the-driver-of-growth.htm UAE Banking “UAE banking sector posted nearly $6.8 billion in profits for 2007, an increase of 29%. UAE Banking with economic fundamentals remaining strong, even the spread of the US subprime contagion may not make its way into the UAE banking sector”, says Ibrahim, whose bank is also facing growing competition. UAE Banking and Abu Dhabi Islamic Bank is booming, too. “Abu Dhabi Islamic Bank’s (ADIB) net income in the three months to March 31 - after depositors' share - surged by 47% to 244.25 million dirhams ($66.5 million)”, says its CEO, Tirad Mahmoud. It is logical that a high growth of population means a treasure trove for retail banking : “The bank grew its distribution network in the UAE from 16 branches in 2004 to 44 branches as of now and will be adding four new branches by the end of the year.”

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]]> editor3@marcopolis.net (Gérard Al-Fil) UAE Report Tue, 30 Sep 2008 12:47:40 +0000 UAE Aviation Emirates Airlines, Aviation Sector in UAE https://marcopolis.net/uae-aviation-emirates-airlines-aviation-sector-in-uae.htm https://marcopolis.net/uae-aviation-emirates-airlines-aviation-sector-in-uae.htm UAE AviationWhenever people talk about Dubai and the aviation industry, you can’t ignore one member of the ruling family: when Sheikh Ahmed bin Saeed Al Maktoum speaks, the global aviation industry is listening. Dubai would not be Dubai if it did not have dreams that go beyond the civil aviation industry. Dubai’s ruler, Sheikh Mohammed, announced the creation of the Dubai Aerospace Agency (DAE). Around US$ 15 billion will be invested in this giant that will pave Dubai’s path to a centre for designing, constructing planes and repairing aircraft. The DAE University had aimed to become a centre for educating pilots, aircraft designers and mechanics, but was forced to cancel the entire study program.

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]]> editor3@marcopolis.net (Gérard Al-Fil) UAE Report Tue, 30 Sep 2008 12:25:21 +0000 UAE Tourism and Tourism in UAE - Online Information https://marcopolis.net/uae-tourism-and-tourism-in-uae-online-information.htm https://marcopolis.net/uae-tourism-and-tourism-in-uae-online-information.htm The making of a powerhouse: How the United Arab Emirates (UAE) is transformed to an economic and tourism world class centre of the future.

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]]> editor3@marcopolis.net (Gérard Al-Fil) UAE Report Mon, 29 Sep 2008 10:16:00 +0000 UAE Real Estate UAE has become a Real Estate powerhouse https://marcopolis.net/uae-real-estate-uae-has-become-a-real-estate-powerhouse.htm https://marcopolis.net/uae-real-estate-uae-has-become-a-real-estate-powerhouse.htm UAE Real Estate The real estate sector of the UAE has become the backbone of its non-oil economy. While Abu Dhabi, home to nine percent of the world’s proven oil reserves, does not really rely on sky-scrapers boom-down Dubai does. Oil is just one of many sectors there, only contributing around 3 percent to the emirate’s GDP. The total value of constructed real estate in UAE, from A for Apartment to Z for Zoo, is US$66.2 billion. The district Dubai Marina, 10 kilometres west of the seven star hotel, Burj Al Arab, consists of over 100 skyscrapers alone. Cranes, baggers and dust are present in the UAE, but the country always offers niches of tranquillity and cleanliness for tourists and its inhabitants in UAE real estate.

 

 

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]]> editor3@marcopolis.net (Gérard Al-Fil) UAE Report Sat, 27 Sep 2008 15:30:16 +0000 UAE Telecom UAE Telecom Sector is Booming https://marcopolis.net/uae-telecom-uae-telecom-sector-is-booming.htm https://marcopolis.net/uae-telecom-uae-telecom-sector-is-booming.htm UAE Telecom The first one is that, it is unprecedented in the world that, at the time when the second player entered the  UAE telecom market, the level of penetration of UAE telecom market services was so high, not to mention the level of  UAE telecom market saturation”. Mr. Sultan was confronted with the lack of coverage in the first months of Du. However, since then, the critics have gone silent. “So, that is one thing that created very high expectations of the market and the necessity for Du to really differentiate itself. Secondly, I cannot think of another example where a startup operation was licensed to offer fully fledged telecommunication services.

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]]> editor3@marcopolis.net (Gérard Al-Fil) UAE Report Sat, 27 Sep 2008 15:02:36 +0000 H.H. Sheikh Saud bin Saqr Al Qassimi - Video Interview https://marcopolis.net/hh-sheikh-saud-bin-saqr-al-qassimi-crown-prince-and-deputy-ruler-of-ras-al-khaimah.htm https://marcopolis.net/hh-sheikh-saud-bin-saqr-al-qassimi-crown-prince-and-deputy-ruler-of-ras-al-khaimah.htm HH Sheikh Saud bin Saqr Al Qassimi

I would like to imagine RAK being a prime choice for investors, where whatever he dreams he will find it here. We created RAK Investment Authority, a window that makes sure that last minute planning happens as fast as possible, an Authority that actually does understand the meaning of time, the cost per time. So they become a consultant for an investor, an advisor to him, and allow him to even improve because of their local knowledge here.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Fri, 26 Sep 2008 12:57:59 +0000 RAK Free Trade Zone https://marcopolis.net/rak-free-trade-zone-oussama-el-omari-13143920.htm https://marcopolis.net/rak-free-trade-zone-oussama-el-omari-13143920.htm Oussama El Omari

Very much, because registering over 4,000 companies for the last seven years has so far impacted the economy of Ras Al Khaimah; from the household to the business to trade. Most of the companies use the ports and the airport; most of the companies have established themselves here. The recent company from Germany has invested handling 50 million Euros

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Fri, 26 Sep 2008 12:57:38 +0000 Dr. Khater Massaad https://marcopolis.net/dr-khater-massaad.htm https://marcopolis.net/dr-khater-massaad.htm Advisor to HH Sheikh Saud bin Saqr Al Qasimi, CEO of RAK Investment Authority and RAK Ceramics

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Wed, 17 Sep 2008 20:48:52 +0000 H.H. Sheikh Saud Bin Saqr Al Qassimi - Biography https://marcopolis.net/h-h-sheikh-saud-bin-saqr-al-qassimi-biography.htm https://marcopolis.net/h-h-sheikh-saud-bin-saqr-al-qassimi-biography.htm Crown Prince and Deputy Ruler of Ras Al Khaimah

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Wed, 17 Sep 2008 20:00:15 +0000 Sharjah the culture center of UAE Sharjah culture https://marcopolis.net/sharjah-the-culture-center-of-uae-sharjah-culture.htm https://marcopolis.net/sharjah-the-culture-center-of-uae-sharjah-culture.htm "Sharjah was chosen by UNESCO in 1998 as the cultural capital of the Arab world", underlines Mohammed Ali Al Noman, Director General of Sharjah Commerce and Tourism Development Authority, with pride in his voice.T hanks to several initiatives taken by Shrajah’s ruler, His Highness Dr. Sultan Bin Mohmmed Al Qassimi, Sharjah cannot be ignored by friends of Arab literature and Islamic art. “We feel like we are the museum of the world”, says Mr. Al Numan. HH Dr. Sheikh Sultan is a poet himself, he regularly writes and publishes stories of Arabian history and fairy tales for children. His books are presented every year at the famous Sharjah International Book Fair, which usually takes place in autumn in the Expo Centre-Sharjah.

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]]> editor3@marcopolis.net (Gérard Al-Fil ) UAE Report Tue, 16 Sep 2008 00:49:40 +0000 Dubai when desert dreams come true Country report about Dubai https://marcopolis.net/dubai-when-desert-dreams-come-true-country-report-about-dubai.htm https://marcopolis.net/dubai-when-desert-dreams-come-true-country-report-about-dubai.htm Oil now plays a very minor role; it represents only around 3 percent of Dubai’s GDP. Dubai’s economic success story is mainly based on its 20 free zones (of which 12 are still under construction). You want to set up your own laboratory in order to invent new drugs for the health sector? Then DuBiotech, a dedicated free zone for biotech companies, is the right zone for you. Entrepreneurs in the IT-sector establish their firms in Dubai Internet City and trade companies go either to the Dubai Airport Free Zone or Jebel Ali Free Zone. Nearly all Fortune 500-companies are present in Dubai.

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]]> editor3@marcopolis.net (Gérard Al-Fil) UAE Report Mon, 15 Sep 2008 17:05:00 +0000 RAK Tourism Ras Al Khaimah Tourism in UAE https://marcopolis.net/rak-tourism-ras-al-khaimah-tourism-in-uae.htm https://marcopolis.net/rak-tourism-ras-al-khaimah-tourism-in-uae.htm

Ras Al Khaimah Tourism
 

 

 

 

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 15 Sep 2008 05:50:10 +0000 RAK Investment Authority Leading Investment Authority in UAE https://marcopolis.net/rak-investment-authority-leading-investment-authority-in-uae.htm https://marcopolis.net/rak-investment-authority-leading-investment-authority-in-uae.htm

RAK Investment Authority

 


 

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 15 Sep 2008 05:44:27 +0000 RAK Free Trade Zone Best Emerging Free Trade Zone in UAE https://marcopolis.net/rak-free-trade-zone-best-emerging-free-trade-zone-in-uae.htm https://marcopolis.net/rak-free-trade-zone-best-emerging-free-trade-zone-in-uae.htm

 


 


Video Interview with
Oussama El Omari

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 15 Sep 2008 05:06:25 +0000 RAK Tourism https://marcopolis.net/rak-tourism.htm https://marcopolis.net/rak-tourism.htm Hilary McCormack Manager of Ras Al Khaimah Tourism
Read more - RAK Tourism
Well RAK Tourism differs in the sense that RAK Tourism is a much smaller destination and therefore RAK Tourism is not looking for the mass tourism or following mass tourism as part of how we develop tourism within the emirate. The emirate is one hour north of Dubai, it sits on the coast line, it has 64 kilometers of virgin beach, much of which is not developed at this point, it has got its own mountain range, called the Al Hajar Mountains, which goes from Ras Al Khaymah north into Oman

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sun, 14 Sep 2008 17:59:57 +0000 Eng. Sultan Al-Mualla https://marcopolis.net/eng-sultan-al-mualla.htm https://marcopolis.net/eng-sultan-al-mualla.htm Vice Director General of Sharjah Municipality
Sharjah we are trying to keep our city Islamic and more traditional, we have a lot of museums and aquariums for example which keep this feel. We are joining culture and modernity in this city.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 28 Jul 2008 01:00:00 +0000 Bishoy Azmy https://marcopolis.net/bishoy-azmy.htm https://marcopolis.net/bishoy-azmy.htm CEO of Al Shafar General Contracting
You said “The UAE's construction industry is presently valued at more than a trillion dollars and even as we speak new projects are being planned and announced.”

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 21 Jul 2008 01:00:00 +0000 Robert Lee https://marcopolis.net/robert-lee.htm https://marcopolis.net/robert-lee.htm Nakheel Managing Director for investment projects of Nakheel
The universe is our future. That is basically our plan for the future as to what's coming next. It is a new waterfront development or community that is going to be 10-15 years down the road. What's important is that it's showing the grand master plan: what's possible and where there's more and in that spirit we're saying look: this is what is coming up, this is how we are solving some of the issues and this is how it's going to look like as sharing our grand master plan.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 17 Jul 2008 01:00:00 +0000 Dr. Sulaiman Al Fahim https://marcopolis.net/dr-sulaiman-al-fahim.htm https://marcopolis.net/dr-sulaiman-al-fahim.htm CEO of Hydra Properties
The way Abu Dhabi is growing is by supporting the industrial zones and cities, by improving the ports, creating new university cities and media cities; that will support the real estate. We are going to see how Abu Dhabi will be for the next ten years; the prices are going to go up and appreciate. Also, demand won't match supply; there will be much more demand than supply.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 14 Jul 2008 01:00:00 +0000 Emirates Palace, Leading Luxury Hotel in Abu Dhabi https://marcopolis.net/emirates-palace-leading-luxury-hotel-in-abu-dhabi.htm https://marcopolis.net/emirates-palace-leading-luxury-hotel-in-abu-dhabi.htm Hans Olbertz, General Manager of Emirates Palace
Another point is that the Emirates Palace has been operated by Kempinski Hotels and Resort, a very established hotel company. At present we have 59 hotels around the world and in the next 2 years we will open another 40. With the network Kempinski we promote the Emirates Palace in our portfolio, plus with all our partners and that in itself is a great deal. I think the destination is much better known then before. Naturally with the destination comes the Emirates Palace.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 10 Jul 2008 01:00:00 +0000 Tirad Mahmoud https://marcopolis.net/tirad-mahmoud.htm https://marcopolis.net/tirad-mahmoud.htm Tirad MahmoudCEO of Abu Dhabi Islamic Bank
We have been successful in differentiating ourselves from the others. We don’t emphasise transactions with customers, we emphasise relationships with customers. The customers know the difference. When they deal with a bank that is focused entirely on them and their needs, they feel and appreciate it, as opposed to when you are dealing with a customer for the purpose of selling that customer a specific product.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 10 Jul 2008 01:00:00 +0000 Merwiss Azizi https://marcopolis.net/merwiss-azizi.htm https://marcopolis.net/merwiss-azizi.htm Founder and Chairman of Azizi Investments
First, thank you very much. My story is that I left Afghanistan in 1988. At that time there was a war with the Russian army inside Afghanistan.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 08 Jul 2008 01:00:00 +0000 RAK Petroleum, Petroleum Company in RAK https://marcopolis.net/rak-petroleum-petroleum-company-in-rak.htm https://marcopolis.net/rak-petroleum-petroleum-company-in-rak.htm Alain Duport, General Manager of RAK Petroleum
RAK Petroleum present portfolio does not have significant oil prospects, because, as you say, the exploration that has been done is shallow exploration for RAK Petroleum. But for deep gas prospects, because there was no incentive previously to drill these prospects, the exploration is not yet completed and seems optimistic for RAK Petroleum.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 08 Jul 2008 01:00:00 +0000 Dr. M Taheri & Steve Nosrat https://marcopolis.net/dr-m-taheri-a-steve-nosrat.htm https://marcopolis.net/dr-m-taheri-a-steve-nosrat.htm CEO of Azizi Investments and Marketing Director of Azizi Investments
The report by EFG-Hermes estimates that more than 100,000 new apartments will hit the market by 2008 alone and that the total supply of housing in Dubai will double by 2010.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 07 Jul 2008 01:00:00 +0000 Imad Dana https://marcopolis.net/imad-dana.htm https://marcopolis.net/imad-dana.htm CEO of Al Zorah
Al Zorah development is worth 220 billion U.A.E. dirham ($59.9 billion) will be a 12-kilometer squared self-contained city with housing, offices, retail, schools, hospitals and leisure facilities, including marinas and a number of 5-star resort hotels completed in different phases and within a time frame of seven to 15 years.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 07 Jul 2008 01:00:00 +0000 Le Meridien Al Aqah, Fujairah Top Hotel https://marcopolis.net/le-meridien-al-aqah-fujairah-top-hotel.htm https://marcopolis.net/le-meridien-al-aqah-fujairah-top-hotel.htm Patrick W. Antaki, General Manager of Le Meridien Al Aqah
In the long term it’s going to impact Fujairah in a pretty serious way. Already in the short term, it’s not even built and already people are talking about moving their houses from Dubai to Fujairah because of the differences in rent. If you imagine people arriving here to this hotel, at the Meridien Al Aqah, they have to come through the Dibba side and that takes about an hour and a half time.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sun, 06 Jul 2008 01:00:00 +0000 RAK Free Trade Zone, Oussama El Omari https://marcopolis.net/rak-free-trade-zone-oussama-el-omari.htm https://marcopolis.net/rak-free-trade-zone-oussama-el-omari.htm CEO and Director General of RAK Free Trade Zone
Read more - RAK Free Trade Zone
RAK Free Trade Zone the future is that the RAK Free Trade Zone will grow and tin he future RAK Free Trade Zone will have many specialized industries and many specialized management parks that will diversify from logistic parks to business parks to ship yards and the yacht parks. It will be specializing where each industry will have its own management.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Wed, 02 Jul 2008 01:00:00 +0000 Ahmed Saad Ibrahim https://marcopolis.net/ahmed-saad-ibrahim.htm https://marcopolis.net/ahmed-saad-ibrahim.htm Ahmed Saad IbrahimCOO of Sharjah Islamic Bank
We have witnessed a remarkable growth rates since transformation, and we have seen huge demand in our recent capital increase through the right issue, which shows that our shareholders as well as our customers have a great confidence in our performance, and the potential for growth in the future.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 01 Jul 2008 01:00:00 +0000 Shehab Gargash https://marcopolis.net/shehab-gargash.htm https://marcopolis.net/shehab-gargash.htm CEO of Daman Investments
On the annual basis, after the downturn of 2006, Dubai general index recovered well and gained 43.7% to reach 5931.95 points at the end of 2007.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 30 Jun 2008 01:00:00 +0000 Dubai Medical Zone https://marcopolis.net/dubai-medical-zone.htm https://marcopolis.net/dubai-medical-zone.htm Stephan Baker, General Manager of Dr. Sulaiman Al Habib medical center
Apart from first world service! I think that’s one of the main expectations everyone is expecting world class medical service. To be licensed as a Doctor in the UAE you have to reach a certain and that standard is raised in the Medical City. Because it is a free zone it has its own regulations which in my opinion are more stringent that those of the rest of the country.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 30 Jun 2008 00:00:00 +0000 Lalu Samuel https://marcopolis.net/lalu-samuel.htm https://marcopolis.net/lalu-samuel.htm Managing Director of Clipsal Middle East, Pierlite Middle East 
We are talking about almost $ 3 trillion in the construction industry in the next 5 to 10 years in the region. The investment regions have already started.  I think it is very difficult to hold it in the middle, adding the industry boom activity and expansion.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sun, 29 Jun 2008 01:00:00 +0000 Al Quadra Holding Leading Private Joint Stock Company in Abu Dhabi https://marcopolis.net/al-quadra-holding-leading-private-joint-stock-company-in-abu-dhabi.htm https://marcopolis.net/al-quadra-holding-leading-private-joint-stock-company-in-abu-dhabi.htm

 

 

 

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 26 Jun 2008 16:26:15 +0000 Abu Dhabi Report Abu Dhabi future metropolis of the UAE https://marcopolis.net/abu-dhabi-report-abu-dhabi-future-metropolis-of-the-uae.htm https://marcopolis.net/abu-dhabi-report-abu-dhabi-future-metropolis-of-the-uae.htm Within the UAE, Abu Dhabi owns the lion’s share of oil and gas– 95 percent and 92 percent, respectively. As a result, with US$ 63,000, Abu Dhabi is ranked third in the world in terms of GDP per capita (ahead of Switzerland, but behind Luxemburg and Norway). “I think the appeal of Abu Dhabi is that it represents about 60% of the economy of the UAE”, says Michael H. Tomalin, Chief Executive (CE) of National Bank of Abu Dhabi (NBAD), the largest bank in Abu Dhabi . NBAD’s major shareholder is the state. Only 30 percent of NBAD-stocks are listed at the Abu Dhabi Exchange and this is representative for most UAE banks.

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]]> editor3@marcopolis.net (Gérard Al-Fil ) UAE Report Thu, 26 Jun 2008 09:21:55 +0000 Ras al-Khaimah (RAK) https://marcopolis.net/ras-al-khaimah-rak.htm https://marcopolis.net/ras-al-khaimah-rak.htm For H.H. Sheikh Saud Bin Saqr Al Qassimi, Crown Prince and Deputy Ruler of Ras al-Khaimah, or simply RAK, this title is not enough. His Highness wants to raise RAK to the top of the Middle Eastern economic, tourism and industry rankings. RAK’s GDP has grown by more than 50 percent over the last four years and the fast growing emirate, riding a wave of massive inward investment, is expected to clock an annual growth rate of over 15 percent in the next few years.

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]]> editor3@marcopolis.net ( Gérard Al-Fil ) UAE Report Thu, 26 Jun 2008 09:20:41 +0000 Ajman, Umm al Quwain and Fujeirah emirates with potential in the UAE https://marcopolis.net/ajman-umm-al-quwain-and-fujeirah-emirates-with-potential-in-the-uae.htm https://marcopolis.net/ajman-umm-al-quwain-and-fujeirah-emirates-with-potential-in-the-uae.htm Among travelers, Ajman is well-known for the beach hotel, Ajman Kempinski, but the journey does not stop here. Despite being the smallest of the seven emirates that make up the United Arab Emirates, “Ajman is emerging as one of the big players in the real estate sector”, Imad Dana, CEO of Al Zorah, is convinced.

Fujairah, the easternmost emirate of the UAE with a fabulous coast on the Gulf of Oman, is already home to an international airport and, even here, figures are all on the rise.

In five years time, the emirate of Umm Al Quwain wants to be as popular as the other six emirates. Literally, Umm Al Quwain means “the mother of two powers”, a reference to the seafaring tradition of this emirate. It is home to 62,000 people and ruled by the Al Mu’alla-family.

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]]> editor3@marcopolis.net (Gérard Al-FIl) UAE Report Thu, 26 Jun 2008 09:18:51 +0000 Global Village, Dubai Culture Destination https://marcopolis.net/global-village-dubai-culture-destination.htm https://marcopolis.net/global-village-dubai-culture-destination.htm Abdul Redha Ali Bin Redha, Project Director of Global Village
 As you know, the Global Village has a strong history of bringing all cultures and countries under one umbrella. So, from that concept,Global Village is going to the international market saying that Global Village has different representatives from different countries, retailers and shows representing many countries. All that will be offered under one umbrella to our visitors. Global Village is basically focusing on and promoting the Global Village but at the same time Dubai as a secure and safe city attracting people from all over the world.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 23 Jun 2008 01:00:00 +0000 Mohamed Ahmed-Yahia https://marcopolis.net/mohamed-ahmed-yahia.htm https://marcopolis.net/mohamed-ahmed-yahia.htm General Manager - Near & Middle East of Legrand
People are looking for more commerce, more comfort, more security, more energy saving, in India for instance we found out in a study that there are 300 million people able to buy Le Grand products. Imagine 300 million people out of 1.1 billion, this is huge for us and is a great opportunity for us.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 23 Jun 2008 01:00:00 +0000 Michael H. Tomalin https://marcopolis.net/michael-h-tomalin.htm https://marcopolis.net/michael-h-tomalin.htm Michael H. Tomalin Chief Executive (CE) of National Bank of Abu Dhabi
The US economic slowdown caused by the subprime crises, lower liquidity and high inflation are some of the major concerns of Today’s world.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sat, 21 Jun 2008 15:28:28 +0000 AL Qudra Abu Dhabi, Mahmood Ebraheem Al Mahmood https://marcopolis.net/al-qudra-abu-dhabi-mahmood-ebraheem-al-mahmood.htm https://marcopolis.net/al-qudra-abu-dhabi-mahmood-ebraheem-al-mahmood.htm CEO of Al Qudra Holding
Read more - Al Qudra Holding
When Al Qudra Holding started, we envisioned what we wanted to do as Al Qudra. It was clear what was to be done in Abu Dhabi. Al Qudra tried to position itself as leader of the developers here, as leaders of the private sector players, so  Al Qudra decided to get into those five main sectors. If you ask me how that is different from our position today, we look at what adds value to what we are doing.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sat, 21 Jun 2008 15:26:17 +0000 Khalid Essa Buhmaid https://marcopolis.net/khalid-essa-buhmaid.htm https://marcopolis.net/khalid-essa-buhmaid.htm Vice President of Corporate Relations & International Affairs of Dubai Aluminium Company Limited (DUBAL)
The limited supply of raw materials is a factor behind the major consolidation trend of the world aluminum industry.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sat, 21 Jun 2008 01:00:00 +0000 UAE Football Association, UAE Football https://marcopolis.net/uae-football-association-uae-football.htm https://marcopolis.net/uae-football-association-uae-football.htm Mohammad Khalfan Al Rumaithi, President of UAE Football Association
The main limitation is the number of players and talents in UAE Football. Still the UAE  is not like many countries around us. Many things have been changing: the kids do not play football like they used to do 30 or 35 years ago and UAE Football is therefore reducing its talent pool. When I was young we plaid football the whole day when we wouldn´t have school. But now it is rare to see kids playing football in the neighbourhood.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 19 Jun 2008 01:00:00 +0000 Syed Mohammad Ali & Najia Mahboob https://marcopolis.net/syed-mohammad-ali-a-najia-mahboob.htm https://marcopolis.net/syed-mohammad-ali-a-najia-mahboob.htm CEO of Fortune Group and Director of Business Development of Fortune Group
Moody’s believes that the region’s property boom is driven by strong fundamentals and rules out that the bubble being built could be pierced.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Wed, 18 Jun 2008 01:00:00 +0000 UAE Zones: Fujairah Free Zone https://marcopolis.net/uae-zones-fujairah-free-zone.htm https://marcopolis.net/uae-zones-fujairah-free-zone.htm Director General of Fujairah Free Zone
 I think in Fujairah and Fujairah free trade zone, we are part of the Emirates, we are Fujairah free zone know our structure, we know our capabilities, we have the supporting infrastructure such as the airports, ports, the free zone and other departments. Fujairah and Fujairah free trade zone look into petrochemicals very strongly. Fujairah will become in the next five years a base for petrochemicals and that itself is a business line.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 17 Jun 2008 01:00:00 +0000 H.E. Sheikh Omar bin Saqr Al Qassimi https://marcopolis.net/he-sheikh-omar-bin-saqr-al-qassimi.htm https://marcopolis.net/he-sheikh-omar-bin-saqr-al-qassimi.htm Chairman of RAK Bank
Inflation is hitting new highs in the UAE and is becoming one of the most talked about issues. How do you assess the policies adopted by the UAE central bank?

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sun, 08 Jun 2008 01:00:00 +0000 Fujairah International Airport Leading Airport in Fujairah https://marcopolis.net/fujairah-international-airport-leading-airport-in-fujairah.htm https://marcopolis.net/fujairah-international-airport-leading-airport-in-fujairah.htm Fujairah International Airport Dr. Khaled Almazroui, General Manager of Fujairah International Airport
Fujairah International Airport does contribute to and help the emirate of Fujairah as an airport to provide good services to the travelers. When travelers come to Fujairah International Airport, the first thing is their impression of that airport. And as travelers, like you and I are, usually you remember the airport of the city you are flying to; you remember the services, even how the counters looked, you remember all these things.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 03 Jun 2008 01:00:00 +0000 Dubai World Central Major Transportation Hub https://marcopolis.net/dubai-world-central-major-transportation-hub.htm https://marcopolis.net/dubai-world-central-major-transportation-hub.htm Dubai World CentralAbdulla Ahmed Al Qurashi, CEO of Dubai Aviation City and Logistics City
Dubai Logistics City is going to be the largest logistics city in the world with 12 million tones of cargo. We have a new concept at Dubai Logistics City; sea-air cargo. We have connectivity between the largest airport in the world, the largest logistics city in the world and the largest port in the world, which is Jebel Ali port. We also have a fast track between Jebel Ali port and the logistics city. We have very good experience, even with our partners; the logistics companies who will start their business this year. Air freight is very important for this region. Dubai is a hub for distribution to almost the entire Indian Subcontinent, Central Africa and the Central Asian zone where there is no connectivity between the seaport and cities.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 03 Jun 2008 01:00:00 +0000 UAE Telecom: Competition from DU https://marcopolis.net/uae-telecom-competition-from-du.htm https://marcopolis.net/uae-telecom-competition-from-du.htm Osman Sultan, CEO of DU
The introduction of Du in the UAE telecom sector had as a primary target the introduction of competition. Prior to launching Du, the TRA, the Telecommunication Regulation Authority, was established.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 27 May 2008 01:00:00 +0000 UAE Telecom Market: Telecommunication Regulatory Authority https://marcopolis.net/uae-telecom-market-telecommunication-regulatory-authority.htm https://marcopolis.net/uae-telecom-market-telecommunication-regulatory-authority.htm H.E. Mohamed Al Ghanim, Board Member & Director General of Telecommunication Regulatory Authority
First of all, there is the investment side of the telecom infrastructure. Right now, we have a lot of areas in which companies need to go and invest in order to lay down the telecom infrastructure. We believe that the best way forward for competition should be on a service level rather than on a facility level.

 

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 27 May 2008 01:00:00 +0000 Andrew Chambers https://marcopolis.net/andrew-chambers.htm https://marcopolis.net/andrew-chambers.htm Managing Director of Asteco
Decree No.27 for 2007 states that “rent will be capped by 5%, which is a drop of 2% from 7% last year. In 2008 we have seen the rent lower from 7% in 2007.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 27 May 2008 01:00:00 +0000 Muath A. Jalil https://marcopolis.net/muath-a-jalil.htm https://marcopolis.net/muath-a-jalil.htm General Manager of Rasyat Real Estate
I am not saying we are only short - we are suffering from the short supply. To recover from that short supply, we need a minimum of more than 6 years of development to cover such a supply. As has been planned by one of the codes of the Urban Planning Council, so far up to this year, there is a 270 billion US dollars project launch, and there is another one expected within the next two years of 190 billion US dollars, to be launched again for more projects.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 26 May 2008 01:00:00 +0000 RAK Investment Authority, Dr. Khater Massaad https://marcopolis.net/rak-investment-authority-dr-khater-massaad.htm https://marcopolis.net/rak-investment-authority-dr-khater-massaad.htm Advisor to HH Sheikh Saud bin Saqr Al Qassimi, CEO of RAK Investment Authority and RAK Ceramics - Biography
Read more - RAK Investment Authority (RAKIA)
RAKIA´s second job is then to show that an investor’s life is very easy and to help all the investors achieve their goal of good profits and good establishment of their businesses. So we have land, licensing and language.We are leasing industrial lands. We have industrial zones, free zones, Media City and even zones for tourism development. All this is our job in RAKIA. We have also simplified investing; it is very easy.The investors, who come here, will deal with a one-stop shop, which is RAK Investment Authority.Everything is simplified, straightforward, clear and very easy.

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]]> editor3@marcopolis.net (Amina Hachemi) UAE Report Wed, 21 May 2008 01:00:00 +0000 Lesley Sayle https://marcopolis.net/lesley-sayle.htm https://marcopolis.net/lesley-sayle.htm Central Project Officer of Union Properties
Motorcity is the first project of its kind in the world. It’s been operational for about three and a half years. It started with the Dubai Autodrome, which is the racetrack. It’s developed into a development that consists of five components. Dubai Autodrome is the first one that we launched, about three and a half years ago, and we’ve been hosting a number of races; there’s also the race school with a race track.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 13 May 2008 01:00:00 +0000 Ronald Barrott https://marcopolis.net/ronald-barrott.htm https://marcopolis.net/ronald-barrott.htm CEO of Aldar
The size of the gap between supply and demand now in the Abu Dhabi real estate market has been estimated to 29,000 units, and is expected to reach 83,000 units by 2017.

 

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 08 May 2008 01:00:00 +0000 Dubai Airports https://marcopolis.net/dubai-airports.htm https://marcopolis.net/dubai-airports.htm Dubai Airports Paul Griffits, CEO of Dubai Airports
I really want Dubai Airports to rightfully assume the crown as being the best airport company in the world. Airport companies are not known for delivering excellence in any way, shape or form. Most of them are heavily criticised by their users and I want people to be saying “why can’t you do this like Dubai” in Heathrow or “in Dubai they’ve managed to sort this problem out” and we want to really be a shining beacon to the world. If Dubai Airports achieve that then, certainly.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 08 May 2008 01:00:00 +0000 Sharjah Tourism, Cultural Tourism https://marcopolis.net/sharjah-tourism-cultural-tourism.htm https://marcopolis.net/sharjah-tourism-cultural-tourism.htm Mohamed Ali Al Noman, Director General of Sharjah Commerce & Tourism Development Authority
Sharjah is well known to be a dry state, hence the Sharjah Cultural Tourism.Having said that, it has nice entertainment developed for families and Culture Tourism. Sharjah tries to have a lot of cultural activities. For example, a while back, four months ago we had Sharjah Heritage Days which coincided with United Nations Culture Days. There is also Sharjah Theatre Days, Sharjah Book Fair, and more.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Wed, 07 May 2008 01:00:00 +0000 Dubai Tourism Destination https://marcopolis.net/dubai-tourism-destination.htm https://marcopolis.net/dubai-tourism-destination.htm Khalid A. Bin Sulayem, Director General of Department of Tourism and Commerce Marketing
Dubai Tourism numbers are quite high but Dubai Tourism uses another indicator: the contribution of tourism in Dubai economy is around 30% including both direct and indirect factors. If you take the global contribution of tourism to the economy it’s 10%. In addition, Dubai has one of the highest occupancy rates in the world now. These are strong indicators, which encourage Dubai and people abroad to invest in this sector.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 06 May 2008 01:00:00 +0000 Lina Chabaan https://marcopolis.net/lina-chabaan.htm https://marcopolis.net/lina-chabaan.htm Eco Manager of Tadweer
We have pollution, air pollution, water: unfortunately we are the highest water consumers in Dubai. We have a lot of construction waste and the construction creates pollution too, there are a lot of problems we are trying to tackle in Dubai.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 15 Apr 2008 01:00:00 +0000 TAQA, Peter Barker-Homek https://marcopolis.net/taqa-peter-barker-homek.htm https://marcopolis.net/taqa-peter-barker-homek.htm CEO of Abu Dhabi National Energy Company (TAQA)
I think the big challenges for TAQA are around people. Not that TAQA has had trouble retaining people, in fact TAQA has got over 96 percent retention rate for people TAQA has offered positions to, but keeping people aligned with who TAQA is, where TAQA is going as a group of co-workers, building the identity. TAQA believes completely in health safety, security and the environment.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 14 Apr 2008 01:00:00 +0000 UAE Zones: Dubai Investments Park https://marcopolis.net/uae-zones-dubai-investments-park.htm https://marcopolis.net/uae-zones-dubai-investments-park.htm General Manager of Dubai Investments Park
Mainly, we are not a free zone area so major tenants or clients are GCC market companies and from the domestic market, especially after converting so many areas from industrial to commercial, this is the ideal location or solution for those who have been shifted or are going to shift from their old industrial location to the Dubai Investments Park.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 08 Apr 2008 01:00:00 +0000 Dubai Aviation Club, Premier Club in Dubai https://marcopolis.net/dubai-aviation-club-premier-club-in-dubai.htm https://marcopolis.net/dubai-aviation-club-premier-club-in-dubai.htm Gerard Kearney, General Manager of Aviation Club
Dubai Aviation Club is a mixing place, it’s a meeting place, people network in Dubai Aviation Club all the time. You know the old story: you go on the golf course and have business done there. We find the same thing here at the Dubai Aviation Club.

Arguably the premier leisure facility of Dubai and undoubtedly one of its most popular venues. The Aviation Club has it all. Whether seeking a tranquil oasis to escape the bustle of the city, a state-of-the-art fitness and recreation centre, a lively and entertaining social hub, a myriad of dining options or a chance to relax in Dubai's newest and most elegant spa, The Aviation Club Dubai always has you in mind.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 01 Apr 2008 01:00:00 +0000 Abdallah Hageali https://marcopolis.net/abdallah-hageali.htm https://marcopolis.net/abdallah-hageali.htm CEO of Tameer
"We’re considered one of the leaders in this market, what was done of in 3 years is a great achievement."

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 27 Mar 2008 01:00:00 +0000 Coral International Hotels https://marcopolis.net/coral-international-hotels.htm https://marcopolis.net/coral-international-hotels.htm H.E. Sheikh Mohammed bin Faisal Al Qassimi, Chairman & CEO of Manafa & Vice-Chairman of Coral International Hotels, Resorts & Spas
My company, Manafa, is a holding company for different investments, it has operations in hospitality - Coral International Hotels we have the HMH which is a hotel management company that manages Coral International Hotels that has 4 brands of varying standards.  We have 10 different corporations around the UAE and we hope to expand that to 35 in the future which would add a lot to the tourism industry in Sharjah and the UAE.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sun, 23 Mar 2008 01:00:00 +0000 Metropolitan Hotel, Habtoor Hotels https://marcopolis.net/metropolitan-hotel-habtoor-hotels.htm https://marcopolis.net/metropolitan-hotel-habtoor-hotels.htm Janes Warwick, General Manager of Metropolitan - Habtoor Hotels
Metropolitan Hotel brand recognition has come over the years, Metropolitan Hotel has over the years built it up. Actually, we just changed, we were known as the Metropolitan and now we're Habtoor Hotels. With this change in times, we've changed our logo and our image. So we've gone from Metropolitan Hotels to Habtoor Hotels, our logo has changed, our vision has changed.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 18 Mar 2008 01:00:00 +0000 Monarch Dubai Hotel https://marcopolis.net/monarch-dubai-hotel.htm https://marcopolis.net/monarch-dubai-hotel.htm Henning A. Fries, General Manager for The Monarch Dubai and Regional Director UAE for Refad Hotels & Resorts
Well, our group has 14 different brands and the Monarch Dubai brand is the high end brand, it is a five star deluxe property. That speaks to a very different clientele than our other brands speak to. Monarch Dubai is a favourite destination for the influential people.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sun, 16 Mar 2008 01:00:00 +0000 Lee Smith https://marcopolis.net/lee-smith.htm https://marcopolis.net/lee-smith.htm COO of Tamouh
I think the future here is very exciting. Abu Dhabi is the capital city of the UAE, and it’s also the largest emirate of the federation of the United Arab Emirates. It is growing; the whole region is growing and Abu Dhabi has to project itself as an international capital city. The market is very much driven by that. The growth of Abu Dhabi is going to increase. We have the 2030 report, which has come out from the Executive Council and the government of Abu Dhabi. It projects that we will grow from a population of 900,000 to somewhere round about 2.8 to 3 million by 2030.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Fri, 14 Mar 2008 01:00:00 +0000 Fairmont Hotel Dubai, 5 Star Hotel in Dubai https://marcopolis.net/fairmont-hotel-dubai-5-star-hotel-in-dubai.htm https://marcopolis.net/fairmont-hotel-dubai-5-star-hotel-in-dubai.htm Kamal Naamani, General Manager of Fairmont Dubai
The future looks great for Fairmont Dubai and, because Fairmont Dubai has great opportunities and great ownership. We're in a very strong position now and we'll be even stronger in the future. Our expansion plans are aggressive, but as I said, for the right reasons and locations. The industry is very healthy now so we're very confident.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Thu, 13 Mar 2008 01:00:00 +0000 Paris Sorbonne Abu Dhabi https://marcopolis.net/paris-sorbonne-abu-dhabi.htm https://marcopolis.net/paris-sorbonne-abu-dhabi.htm Major General Omar Al Bitar, Vice President of Management Council of Paris Sorbonne Abu Dhabi
We’ve decided that this motto is very suitable and applicable to the Sorbonne Abu Dhabi. The Sorbonne is a very ancient university, it is 750 years old, with a heritage and culture that is very rich. We are at a time where we need to encourage dialogue between nations, in accordance with the vision of His Highness the president and Sheikh Mohammed. Upon a visit of His Highness Sheikh Mohammed, the Crown Prince of Abu Dhabi, to France, they decided to boost the relations between France and the UAE, hence Sorbonne Abu Dhabi was born.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Wed, 12 Mar 2008 01:00:00 +0000 Hospitality Management Holding, Hotel and Tourism Organization in the UAE https://marcopolis.net/hospitality-management-holding-hotel-and-tourism-organization-in-the-uae.htm https://marcopolis.net/hospitality-management-holding-hotel-and-tourism-organization-in-the-uae.htm Mohamed Elkahla, Director of Business Development of Hospitality Management Holding
The Emirates is a growing market and has all the components for success: oil, trade, and UAE tourism. UAE Tourism is actually the largest sector now. It is growing and there is demand here in the geographical situation of the UAE; it is between the West and the East, which makes it very attractive, you know. If people are traveling from, let's say, the Far East and Europe, Dubai in particular has become like a hub; it's the capital for commerce, tourism, and trade.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Tue, 11 Mar 2008 01:00:00 +0000 Radisson SAS, Media City, Leading Business Hotel in Dubai https://marcopolis.net/radisson-sas-media-city-leading-business-hotel-in-dubai.htm https://marcopolis.net/radisson-sas-media-city-leading-business-hotel-in-dubai.htm Siegfried Nierhaus, General Manager of Radisson SAS, Media City
The same is the case with our Rezidor hotel group and the Radisson SAS grand. 2 years ago we brought the Radisson SAS back to Dubai, we took over a very important hotel in the Creek which is a former Intercontinental hotel which was the land mark of Dubai when it comes to five star hotels. The Radisson SAS took over this project to show to all the people in the Middle East who are used to this hotel that Radisson is here, Radisson is and is going to be an important player in the region and like all the important hotel companies we are having as well at least 20 projects in the pipeline

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Mon, 03 Mar 2008 01:00:00 +0000 Eng. Khalid Al-Khatib https://marcopolis.net/eng-khalid-al-khatib.htm https://marcopolis.net/eng-khalid-al-khatib.htm CEO of NAFFCO
First, the vision is there; we know what we want, and number one we have the team members to do the job. We have about 2400 people and by the end of the year we'll have maybe 3000 people. Engineering is playing a big role in NAFFCO's life.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Fri, 29 Feb 2008 01:00:00 +0000 Gulftainer Sharjah Leading Shipping Company in Sharjah https://marcopolis.net/gulftainer-sharjah-leading-shipping-company-in-sharjah.htm https://marcopolis.net/gulftainer-sharjah-leading-shipping-company-in-sharjah.htm Gulftainer Sharjah Gulftainer Sharjah Leading Shipping Company in Sharjah, General Manager Peter Richards
Gulftainer has to really provide a service to the shipping lines and to the consignees to make sure the cargo is delivered on time. Now by calling at Khorffakan Port, you are actually handing over your cargo at that point to Gulftainer, and then Gulftainer looks after it from there all the way up to the consignee's actual warehouse or needs. Whereas other ports in the UAE in the case of shipping lines will just drop everything off at the port and it's up to everybody else to sort out. Gulftainer provides door-to-door service.

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]]> editor3@marcopolis.net (Ben Novak) UAE Report Sun, 27 May 2007 01:00:00 +0000