imported 2024-03-17 17:43:08
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.
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
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.
The President of the Florianópolis and Region Convention & Visitors Bureau presents the institution whose main role is to attract and generate events, fairs and conferences of regional, national and international reach for the Greater Florianópolis region.
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.
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.
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.
“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 ($66.5 million)”, says its CEO, Tirad Mahmoud. It is logical that a high growth of population means a treasure trove for retail banking : “The bank grew its distribution network in the UAE from 16 branches in 2004 to 44 branches as of now and will be adding four new branches by the end of the year.”
Whenever people talk about Dubai and the aviation industry, you can’t ignore one member of the ruling family: when Sheikh Ahmed bin Saeed Al Maktoum speaks, the global aviation industry is listening. Dubai would not be Dubai if it did not have dreams that go beyond the civil aviation industry. Dubai’s ruler, Sheikh Mohammed, announced the creation of the Dubai Aerospace Agency (DAE). Around US$ 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.
The making of a powerhouse: How the United Arab Emirates (UAE) is transformed to an economic and tourism world class centre of the future.
