UAE Focus
UAE set for 60 per cent growth by 2012 says IMF
- The latest International Monetary Fund country report on the UAE forecasts a 60 per cent rise in nominal GDP from $185 to $294bn from 2007 to 2012, despite only allowing for a conservative 19 per cent increase in hydrocarbon revenues to $82bn a year in that period.
- United Arab Emirates: Sunday, October 21 - 2007 at 14:06 |
Aqua Dunya sets sail for Dubailand
- Aqua Dunya, a $1.8bn theme park being developed in Dubailand, will set new standards for theme parks in the Middle East by combining the fun and excitement of a water park with the art of Arabic storytelling, according to Steve Tight, CEO of Al-Sharq Investment, the development’s sponsor investor.
- United Arab Emirates: Thursday, September 27 - 2007 at 15:16 |
Dubai strikes win-win deal with OMX and Nasdaq
- Dubai is to take a 28 per cent stake in the London Stock Exchange, which Qatar was set to buy, while the Nasdaq will become a shareholder and partner in Borse Dubai. In return Nasdaq will get the Nordic bourse OMX, as Dubai will drop its rival bid.
- United Arab Emirates: Thursday, September 20 - 2007 at 16:56 |
Dubai transformation: Fast forward to 2012
- Fast forward to 2012 and Dubai will be transformed by the many projects that are building sites today. The population will be bigger and the profile more skewed towards white-collar, service workers. But the metro will be open and the traffic flowing better in the regional trade, tourism and financial hub.
- United Arab Emirates: Thursday, September 20 - 2007 at 15:42 |
$4bn Dubai bid for OMX part of a wider financial vision
- This week Dubai Borse presents its $4bn cash offer for the Scandinavian stock exchange OMX to the regulator. But rival bidder Nasdaq has until October 12 to submit its $3.7bn cash and stock bid for OMX. Clearly this bid battle is far from resolved. But why is Dubai making this audacious move onto the international financial stage?
- United Arab Emirates: Thursday, September 13 - 2007 at 14:20 |
Emerging markets key to future Dubai growth
- Dubai International Capital plans to increase its assets from today’s $7.5bn to $25bn in the next three years, as it diversifies its risk and investments.
- United Arab Emirates: Wednesday, September 05 - 2007 at 00:40 |
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