UAE Focus

Ras Al Khaimah targets property and tourism for economic growth
Talk about the UAE and most people’s attention immediately turns to Dubai or Abu Dhabi. But one of the current fastest growing emirates is the little known – internationally – Ras Al Khaimah.
United Arab Emirates: Thursday, January 31 - 2008 at 11:29 |

$2.2bn RAK hospitality training zone to improve industry service
A $2.2bn hospitality and hotel trade zone set being set up in Ras Al Khaimah plans to educate some 15,000 students at its universities each year, giving them a grounding in the business.
United Arab Emirates: Thursday, January 31 - 2008 at 11:27 |

UAE waits for Saudi signal on revaluation
King Abdullah of Saudi Arabia is to convene a meeting of the Shura council on February 10 to hear presentations from senior officials about the revaluation of the riyal and future of the dollar-peg. It is highly likely that the UAE and the three other dollar-linked GCC states will follow any Saudi move, if it happens.
United Arab Emirates: Tuesday, January 29 - 2008 at 14:31 |

World Future Energy Summit raises big concerns
While pressure is mounting around the globe for industries to go green, fossil fuel will continue to hold a greater share of the global energy resources for decades to come. However, immediate action is needed to better support renewable energy sources, said speakers at the World Future Energy Summit, held in Abu Dhabi.
United Arab Emirates: Thursday, January 24 - 2008 at 13:54

UAE stock crashes refocus investors into local property
When UAE stock markets crashed in 2006 investors put their money into local property instead. Equity markets rallied in autumn last year but have just dipped sharply again, losing 5.3 per cent on Monday, the worst day since November 2006. So will local property benefit again from a stock market rout?
United Arab Emirates: Tuesday, January 22 - 2008 at 11:53 |

Will a US dollar rally now undermine the case for UAE revaluation?
Could the US dollar be about to turn on a dime: the growth of negative sentiment seems to have peaked and sober commentators are beginning to talk about a dollar rally as economic conditions begin to deteriorate in the UK and Japan and as the credit crunch chokes off money supply growth. But the urgent need to revalue the UAE dirham still holds true.
United Arab Emirates: Wednesday, January 16 - 2008 at 11:43 |

Revaluation is the next logical step to tackling UAE inflation
The five per cent rent cap for 2008 is a good start to bearing down on runaway inflation rates in the UAE, privately said by economists to be in the ‘high teens’. Indeed, a Central Bank report acknowledged rents as the main cause of local inflation. But it conceded that one-third of inflation was down to the currency peg.
United Arab Emirates: Sunday, January 06 - 2008 at 15:12 |

Volatile outlook for UAE stocks in 2008
With the Dubai Financial Market up 45 per cent and the Abu Dhabi Securities Market by 54 per cent in 2007, the rebound from the crash of 2006 has been formidable. But there is still further to go to retrace the old 2006 high and reason to be optimistic about the immediate outlook for the new year.
United Arab Emirates: Wednesday, January 02 - 2008 at 10:02