UAE Focus
True cost of living a rising concern in Gulf
- The rising cost of living in the Middle East is making it harder for employees to save money and is contributing to a talent shortage in the region. However, the Gulf still remains an attractive place to live and work and loyalty to the region remains high, according to experts in the region.
- United Arab Emirates: Wednesday, December 12 - 2007 at 17:11 |
Foreign investors back UAE revaluation and negative interest rates
- Foreign investors buying UAE assets in the hope of an imminent revaluation of the dirham continue to rally local stocks, while foreign buyers of UAE property have an eye on falling US-linked interest rates, high inflation and negative real interest rates. Why then are locals net sellers of stocks these days?
- United Arab Emirates: Monday, December 10 - 2007 at 14:52 |
Ajman Sewerage on schedule for 2009
- Work has been completed on two-thirds of UAE emirate Ajman’s integrated sewerage system, the first privatised GCC effluent network, and the whole project is on schedule for completion in early 2009.
- United Arab Emirates: Monday, December 10 - 2007 at 13:37
UAE revaluation confusion reigns
- Over the holiday weekend UAE exchange houses briefly decided to revalue the dirham by up to 17 per cent. Knuckles evidently rapped, the rates were back to the official exchange rate on Monday. But speculation about an imminent revaluation of the dirham remains stronger than ever.
- Middle East: Monday, December 03 - 2007 at 19:46 |
Dubai’s towering skyline puts squeeze on construction workers
- Dubai has become synonymous with the high-rises, scaffolding and cranes that make up its skyline. The city’s explosive growth is part of a nationwide construction boom that now employs more than half a million migrant workers, most coming from India, Pakistan and Malaysia.
- United Arab Emirates: Thursday, November 29 - 2007 at 14:00 |
The UAE invests in banks that invest in the UAE
- Citi is the latest international banking group to welcome a UAE government investor as a part of a recapitalisation exercise. Dubai has also taken stakes in HSBC, Standard Chartered and Deutsche Bank. But all these banks have one thing in common: they are growing their UAE operations.
- United Arab Emirates: Tuesday, November 27 - 2007 at 14:41 |
Dubai strives to sustain growth
- Dubai faces two challenges if it is to maintain a steady pace of growth - sustaining regional political stability and acquiring sufficient human resources said Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC).
- United Arab Emirates: Sunday, November 25 - 2007 at 00:07 |
Will Abu Dhabi become a global financial centre?
- Abu Dhabi is well positioned to be a key banking centre in the Middle East, but it faces challenges in its quest to become an international financial services hub, according to speakers at the Meed Abu Dhabi Conference 2007.
- United Arab Emirates: Wednesday, November 21 - 2007 at 12:30 |
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