Finance and economy ministers and central bankers from the Arab states in the Gulf met for emergency talks on Saturday to forge a common front to battle the global economic crisis. The policymakers of the six-nation Gulf Cooperation Council (GCC) met behind closed doors in Saudi Arabia to examine the impact of the crisis on …
Lire la suite Gulf policymakers mull impact of world financial crisis
UAE Economy Minister Sultan bin Saeed Al Mansouri said the UAE has one of the regions’ most competitive economies in terms of attracting foreign investments. The UAE ranks 31st globally in Davos Global Competitiveness Index (GCI) for 2008-2009, issued by Davos World Economic Forum and first in the Middle East and North Africa (Mena) region. …
Lire la suite FDI attracted to UAE by its competitive economy
Emirates airline will become the first carrier to link the Middle East and the US West Coast when it launches a non-stop service tomorrow to Los Angeles, the second-largest US city. The journey from Dubai to “Tinseltown”, some 13,420km, will take 16 hours and 35 minutes on a Boeing 777-200LR aircraft. Emirates is offering 266 …
Dubai: Saudi Arabian stocks fell sharply on Saturday, tracking a slump in world markets, as investors worried that an oil price plunge and possible global recession would hit the growth of firms in the world’s top oil exporter. The benchmark of the largest Arab bourse closed 8.7 per cent lower at 5,624 points, a day …
The sixth Gulf summit for leaders of the Gulf Cooperation Council (GCC) states will be held in Jeddah next Sunday, and will be chaired by Kuwait as chairman of the current session of the GCC. Holding the midyear unofficial GCC summit aims to exchange viewpoints and explore latest regional and international developments, to boost coordination …
Thousands of people from across the UAE lined the Abu Dhabi corniche on April 11, 2008 to see the spectacular Red Bull Air Race.
Qatar is one of the world’s fastest growing economies, and the wealthiest country in the world measured by GDP per capita. The Qatar Financial Centre (QFC) lies at the heart of this small but dynamic country’s ambitious investment and development strategy.
Ramadan is seen by big business as a lucrative marketing opportunity.
Gulf News Business reporter Scott Shuey was at Gitex checking out the new Ford Flex with Microsoft’s Sync technology.
