Doha: The United Arab Emirates is the most competitive economy in the Arab world followed by Qatar and Kuwait, according to a World Economic Forum report released here yesterday. The report places four Gulf countries among the 40 most advanced econo-mies of the world. The UAE is ranked 29, Qatar 32, Kuwait 37th and Bahrain …
Dubai: Passenger throughput at Dubai International Airport, the busiest in the Middle East, crossed the eight million mark in the first quarter this year, an increase of 17.7 per cent over the corresponding period in 2006, a statement said. The airport handled a total of 8.15 million passengers from January to March, compared to 6.89 …
Lire la suite Dubai airport’s passenger throughput crosses 8m
Dubai: Emaar Properties announced yesterday it will sell the unsubscribed portion of its rights issue to those investors who had applied for more shares than their entitlement. Emaar offered a 1:1 rights issue to investors in August 2005 at Dh5 per share including Dh4 premium. The company had offered the flexibility of paying for the …
UAE’s wood imports hit Dh5.2 billion Khaleej Times BY A STAFF REPORTER 10 April 2007 DUBAI ‘ The construction boom taking place across the UAE is fuelling demand for wood and wood…
Tokyo : Red tape, high business costs and local fear of foreign take-overs have all held Japan back in the race to win foreign investment, but this may start to change when new merger and acquisition (M&A) rules take effect in May. With Japan’s population and workforce forecast to fall by about 10 million and …
Lire la suite Dubai : Japan’s new FDI rules to ease foreign takeovers
Customers who have purchased property on mortgage in the UAE feel the industry has grown considerably in the five years since inception but still has a long way to go to meet international standards. Most of the respondents to a survey said a middle-income family cannot afford to buy a home in Dubai on mortgage …
Consolidation of the GCC stock markets is “inevitable”, the chief executive of the Dubai International Financial Centre (DIFC) said yesterday. “Globally that is where we are headed,” said Nasser Al Shaali. “We have seen some efforts going in this direction with a GCC bourse, an Arab bourse, even an Islamic bourse. They have yet to …
Lire la suite Consolidation of the GCC stock markets is “inevitable”
BAIKONUR, Kazakhstan – Billionaire software programmer Charles Simonyi is set to rocket into space Saturday in a flight to the International Space Station (ISS) that will make him the world’s fifth space tourist. The 58-year-old Simonyi, who was born in Hungary and made his fortune as a pioneer at US software giant Microsoft, will spend …
Lire la suite Dubai Microsoft pioneer prepares for blast-off
ISLAMABAD – The chief cleric of a radical mosque in Pakistan’s capital trumpeted plans on Friday to set up vigilante Islamic courts and exhorted followers to become suicide bombers if their Taleban-style movement was forcibly suppressed. “Our youths will shake their palaces with their suicide attacks,” Maulana Abdul Aziz warned the government in a fiery …
Lire la suite Suicide bomb threat rings out in Pakistan capital
DUBAI — In terms of governance and transparency, the Middle East « has come a long way but still has a way to go, especially in relation to international accounting rules, » says Shayne Nelson, Standard Chartered’s regional chief executive in the Gulf and Levant. Speaking to Khaleej Times, he emphasised the need for greater transparency « in …
Lire la suite Dubai : Call for greater transparency, tougher stock exchange rules
