Ben Novak

Bahrain Financial Harbour Key Real Estate Project in Bahrain

March 26, 2009

Bahrain Financial Harbour Key Real Estate Project in Bahrain, Managing Director of Bahrain Financial Harbour (BFH), Dr. Omer Al Mardi
Bahrain Financial Harbour (BFH) is starting to grow, a lot of people were thinking about Bahrain Financial Harbour (BFH) but now it is becoming a reality. Bahrain Financial Harbour (BFH) is to have a self contained city financially, Bahrain Financial Harbour (BFH) has offices and Bahrain Financial Harbour (BFH) provides the services such as banks and investment companies. 

UAE Facts & Figures

October 16, 2008

The Trucial States of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states – Abu Zaby, ‘Ajman, Al Fujayrah, Ash Shariqah, Dubayy, and Umm al Qaywayn – merged to form the United Arab Emirates (UAE). They were joined in 1972 by Ra’s al Khaymah. The UAE’s per capita GDP is on par with those of leading West European nations. Its generosity with oil revenues and its moderate foreign policy stance have allowed the UAE to play a vital role in the affairs of the region.

UAE Banking when Banking in UAE becomes the driver of growth

September 30, 2008

“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.”

UAE Aviation Emirates Airlines, Aviation Sector in UAE

September 30, 2008

Whenever 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.

UAE Real Estate UAE has become a Real Estate powerhouse

September 27, 2008

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.
 
 

UAE Telecom UAE Telecom Sector is Booming

September 27, 2008

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.

H.H. Sheikh Saud bin Saqr Al Qassimi – Video Interview

September 26, 2008

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.

RAK Free Trade Zone

September 26, 2008

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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