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Sharjah public sector GDP share rises
The government sector in Sharjah has grown its share of the emirate’s gross domestic product (GDP) from Dh60.4 billion in 2006 to Dh68.4bn in 2007, making 13.2 per cent growth. The government sector is currently accounting for 17.87 per cent of the overall GDP of the emirate. As the government services sector has a major …
GCC imports through UAE reach Dh36bn
Total GCC imports through UAE ports and borders soared to Dh36 billion from 2003 to 2007, according to Mohammed Khalifa bin Fahad Al Muhairi, Director General of the Federal Customs Authority (FCA). He said the Clearance Committee endorsed the customs duties charged against imports until 2007. It then transferred them fully to the members « in …
Sharjah freehold law awaiting Ruler’s approval
The Sharjah Government has structured a new property freehold law that is awaiting approval by the emirate’s ruler, informed sources said. « The freehold law has been worked out and is awaiting the Ruler’s approval, » a person close to the process told Emirates Business. The person declined to say whether the law will offer property ownership …
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Tests in Abu Dhabi?
West Indies have offered to play Pakistan in two Tests in Abu Dhabi next month, said a top official of the Pakistan Cricket Board (PCB). « We hope the proposal materialises and we find some sponsor for the Test matches, » said PCB’s newly appointed Chairman Ijaz Butt. « It will give our players an ideal opportunity to …
The Big Debate: Could the UAE ever have its own Silicon Valley?
25,000 products, 3,300 companies, 83 countries, 130,000 visitors. Gitex 2008, organisers claimed, would shrug off the global economic typhoon and emerge triumphant. Certainly this is possible and Gitex has always proved that the technology sector is no exception when it comes to Dubai’s reputation as a regional enterprise hub. But many would challenge the idea …
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Saudi Aramco likely to seek higher prices for jet fuel
SINGAPORE: Saudi Aramco will kick off term jet fuel negotiations with trading firms in mid-November, and is likely to seek higher prices despite a global slowdown, traders said yesterday. Aramco may ask for higher term prices compared with the current year’s supply contract, on expectations of falling jet fuel exports from the United Arab Emirates, …
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Bahrain gateway for Australian ICT firms
MANAMA: Global IT companies are to select Bahrain as their regional headquarters for Middle East activities.An agreement to this effect has been signed by a Bahraini firm with the Government of Victoria in Australia at the GITEX Dubai 2008. Gulf Future Business (GFB), participating in « Bahrain Gallery », reached an agreement to attract Australian Information and …
QATAR Petroleum platinum sponsor of Milipol exhibition
QATAR Petroleum (QP) will be the platinum sponsor of the 7th session of Milipol Qatar International Internal State Security Exhibition which will be held at the Doha Exhibition Centre from November 17 to 19. The sponsorship deal of QR1mn was signed by Brigadier Nasser bin Fahad al-Thani, chairman of Milipol Qatar committee and Sultan Abdullah …
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Sarkozy to visit Oman
MUSCAT — French President Nicolas Sarkozy will visit Oman early next year. Though the date has not been fixed, he has written that he is looking forward to the visit, said Anne-Marie Idrac, French minister of state for foreign trade, here yesterday. “France wants to increase the level of trade and investment between our two …
