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UAE non-oil trade hits Dh702b in January 2011
09 May 11, Gulf News
The UAE non-oil foreign trade recorded a 22 per cent increase in January 2011, according to the UAE Federal Customs Authority
Qatar: 35 new hotels to open this year
05 May 11, The Peninsula
Qatar will see the opening of 35 new hotels and hotel apartments this year with a total of 6,369 rooms, the Qatar Tourism Authority (QTA) disclosed yesterday.
UAE economy to grow by 4-5% in 2011 - cenbank head says
04 May 11, Arabian Business
The UAE's economy is expected to grow by up to 5 percent this year and the oil producer saw no significant change in capital flows due to regional unrest, its central bank governor said on Wednesday.
China becomes second largest trading partner of the UAE, reveals Dubai Chamber study
04 May 11, AME Info
A recent Dubai Chamber of Commerce and Industry study reveals that the economic ties between the UAE and China have expanded substantially since last decade, and China has become the second largest trading partner of the UAE.
New FDI law to boost investment climate
26 Apr 11, Khaleej Times
The federal government is working on a foreign direct investment law, which is expected to be promulgated within this year, will help boost investments into the country by creating an enabling environment, Shaikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Higher Education and Scientific Research, said.
US hotel group signs deal for first Abu Dhabi hotel
24 Apr 11, Arabian Business
The Ritz-Carlton Hotel Company said on Sunday it has signed an agreement to operate its first property in Abu Dhabi. The contract with Abu Dhabi National Hotels (ADNH) is for a waterfront hotel in the UAE capital which is expected to open in late 2011.
UAE a gateway for Australia to ME - Mansouri
24 Apr 11, Khaleej Times
The UAE Minister of Economy Sultan bin Saeed Al Mansouri has emphasised the attractive investment environment of the UAE and invited Australian companies to visit the country to explore several investment opportunities in various economic sectors.
40,000 extra hotel rooms set for Mideast, Africa in 2011
23 Apr 11, Arabian Business
Nearly 40,000 extra hotel rooms are expected to be available to tourists visiting the Middle East and Africa region during 2011.
Shurooq completes 60% of Al Majaz Waterfront development project
23 Apr 11, AME Info
The Sharjah Investment and Development Authority (Shurooq) has announced that 60% of the construction work on the Al Majaz Waterfront development project, which will be the central park of Sharjah, has been completed, excluding the 4,700 square metres allocated for the construction of eight new high-class restaurants and cafés with exquisite views overlooking the Khalid Lagoon and the Musical Fountain.
Musanada to deliver new Dhs7bn mega development in South Shamkha
18 Apr 11, AME Info
Abu Dhabi General Services Company Musanada, announced that it has been awarded an Abu Dhabi government contract to manage the delivery of a new infrastructure residential development in South Shamkha worth over Dhs7bn. The project which is the largest of its kind in Abu Dhabi, will be located approximately 45km from the city of Abu Dhabi and covers an area of almost 4,000 hectares (3,890).
Reem Island's infrastructure works to be finished within four years
18 Apr 11, Gulf News
The infrastructure for Reem Investments’ projects on Reem Island, which include the 42 luxurious Nalaya waterfront villas as well as the Nobu Hotel, are set to be completed within the next two to four years, top officials at the company said in the capital yesterday.
Dubai's non-oil global trade nears $15bn in Jan
17 Apr 11, Arabian Business
Dubai's non-oil trade with the world reached record levels in January, hitting AED55bn ($14.9bn), a senior official announced on Sunday.
Bahrain to get massive industrial city
12 Apr 11, Trade Arabia
A multi-billion dinar economic and industrial city is being planned for Bahrain, it was announced. The go-ahead for the project, which will employ thousands of Bahrainis, has been given and a feasibility study will begin soon, said Industry and Commerce Minister Dr Hassan Fakhro.
Dubai sees 30% jump in foreign investment
12 Apr 11, Khaleej Times
Dubai expects a significant jump in foreign direct investment (FDI) this year on increasing interest of companies from new markets, said Fahd Al Gergawi, Chief Executive Officer of Dubai FDI.
UAE's non-oil trade up 14.3%
02 Apr 11, Gulf News
The UAE's non-oil foreign trade grew 14 per cent to Dh754.4 billion in 2010, up Dh94 billion from Dh660.4 billion in 2009, according to the latest data released by the Federal Customs Authority (FCA).
Kuwait's new $500m retail project set to open in 2012
02 Apr 11, Arabian Business
A $500m extension to Kuwait's largest shopping mall is set to open next year, with further plans to make it one of the world's best, officials have said.
Dubai economy may grow 6% in 2012 - Citibank
30 Mar 11, Arabian Business
Dubai’s economy may grow 3.5 percent to 4 percent this year and 6 percent in 2012, spurred by infrastructure spending and foreign investment
Qatar plans to spend $125bn in next five years
28 Mar 11, Arabian Business
Qatar plans to spend over $125bn in the next five years on construction and energy projects and the OPEC member's economy should continue powering ahead strongly, its new development strategy showed on Monday
Doha Festival City work to start next month
27 Mar 11, Trade Arabia
Construction for the state-of-the-art Dh6 billion ($1.633 billion) Doha Festival City will begin next month following the appointment of the project’s managers, architects and engineers. The 433,847 sq m entertainment, retail, hospitality and commercial facility will be designed by DP Architects, with Arab Engineering Bureau (AEB) as project architects, announced Al- Futtaim Group and Qatar Islamic Bank (QIB).
Oman to renovate airport
27 Mar 11, AME Info
Oman has awarded an OR294m ($764.6m) contract to Galfar Co for the renovation of Salalah Airport, Kuna has reported. The project includes a new terminal, an 86-m-high observation tower, a tarmac, workshops and fuel sites, a power station and parking lots for VIPs.
UAE expects large increase in foreign investment in 2011
22 Mar 11, Arabian Business
The UAE's Minister of Economy has said that he expects "a large increase" in foreign direct investments into the country this year. Sultan Bin Saeed Al Mansouri said the greater inflows in foreign investment would come following legislative reforms in the UAE.
Saudi Arabia needs 1.65m new homes by 2015 - study
20 Mar 11, Arabian Business
Saudi Arabia needs 1.65 million new homes by 2015 to meet growing demand in the world's largest oil exporter, Banque Saudi Fransi said in a report on Sunday.
Seha begins construction of $599m hospital
15 Mar 11, Trade Arabia
Abu Dhabi Health Services Company (Seha) has started construction work on its new state-of-the-art hospital with an estimated cost of Dh2.2 billion ($598.5 million) in Abu Dhabi.
Work starts on new $600m hospital in Abu Dhabi
15 Mar 11, Arabian Business
The Al Habtoor Leighton Group, in a joint venture with Murray and Roberts, has started work on a AED2.2bn ($600m) hospital for SEHA, the Abu Dhabi Health Services Company.
Mideast's first Planet Hollywood hotel to open in 2014
15 Mar 11, Arabian Business
Wyndham Hotel Group on Monday announced plans to manage the first new-construction Planet Hollywood hotel in the Middle East. The proposed Planet Hollywood Hotel Entertainment City in Doha will feature approximately 300 guest rooms, restaurant, café, lounge, meeting facilities, fitness centre, spa and pool.
UAE economy outpacing expectations, Mansouri says
14 Mar 11, Arabian Business
The UAE’s economy is growing faster than expected, the country’s Minister of Economy said in Dubai Monday. Sultan Bin Saeed Al Mansouri said economic diversification was key to growth in the world’s third largest oil exporter.
Dubai's non-oil trade in 2010 surges 18% to $157bn
07 Mar 11, Arabian Business
Dubai's non-oil direct trading exchanges in the world markets increased by 18 percent in the last year, recording AED576bn ($157bn), it was announced on Monday.
Turkey, UAE investments hit $10b in 2010
04 Mar 11, Gulf News
Investments between Turkey and the UAE reached $10 billion (Dh36.78 billion) in 2010, driven by tourism, energy and construction, according to the Turkish Ambassador to the UAE.
Damac completes Saudi tower foundation
27 Feb 11, Trade Arabia
Damac Properties, one of the largest private developers in the Middle East, said it has completed the raft foundation for its iconic ‘Al Jawharah Tower’ in Saudi city of Jeddah. Al Jawharah Tower, located on the Jeddah Corniche on the coast of the red sea, is a 48-storey architectural masterpiece.
DM Healthcare has projects worth Dh15bn on hand
26 Feb 11, Emirates Business 24/7
DM Healthcare, which has several hospitals, clinics and pharmacies in GCC and India under the brand names Aster and Medcare, will start construction of a multimillion dirham hospital in Dubai.
Dubai economy grew 2.5% in first nine months of 2010
20 Feb 11, Arabian Business
Dubai's economy grew 2.5 percent in the first nine months of 2010, compared with the same period of 2009, the head of the Gulf emirate's statistics office was quoted as saying on Sunday.
Dubai sees 30% jump in FDI on China, South America deals
16 Feb 11, Arabian Business
Dubai expects foreign direct investment to jump 30 percent this year, helped by rising confidence as its debt problems ease and an influx of South American and Chinese companies, a senior official said.
UAE economic growth to top 3% in 2011 says cenbank official
07 Feb 11, Arabian Business
Economic growth is set to hit 3% on rising tourism and other sectors, a UAE central bank official said The UAE economy should grow by more than three percent this year and its banking sector is able to weather difficulties in the foreseeable future, a central bank official said on Monday.
Dubai hotel industry set for growth in 2011 - Starwood CEO
14 Jan 10, Arabian Business
The CEO of luxury hotel chain Starwood has told Arabian Business he expects to see further hotels built in Dubai in 2011, after occupancies remained high in 2010.
Dubai budgets for more growth
13 Jan 11, Gulf News
The Dubai Government expects to generate Dh29.9 billion in revenue against expenditure of Dh33.6 billion this year, leaving it with a Dh3.77 billion deficit, said the Department of Finance (DoF).
Union Mall launched in Sharjah
07 Dec 10, AME Info
Under the patronage of H.E. Ahmad Mohammad Al Midfaa, Sharjah Chamber of Commerce Chairman, Union Mall opened its doors to a broad base of customers on Tuesday, December 7th. The opening was marked by a ceremony attended by Mohammad Abdallah Al Omran, representatives from the group and local media.
Jan opening for new Ritz Carlton Dubai
06 Dec 10, Emirates Business 24/7
The Ritz-Carlton will open its second hotel in Dubai in January and has rolled out a range of launch packages at the property. The property is one of several new hotels opening their doors to clients at the moment, including One & Only The Palm, which opened in November, and Jumeirah's Zabeel Saray, believed to be opening this month
Work begins on Dh350m hospital
05 Dec 10, Gulf News
The construction work of the new gynaecological, paediatrician, birth, and emergency hospital has kicked off in Sharjah. Dr Hanif Hassan, Minister of Health, said the Dh350 million hospital that will be adjacent to Al Qasimi Hospital will have a capacity for 175 beds.
Qatar eyes 90,000 hotel rooms by 2022
05 Dec 10, Arabian Business
Qatar is planning to have more than 90,000 hotel rooms in place for the World Cup 2022 tournament, it was reported on Sunday.
New JD40m Salt public hospital project to take off
04 Dec 10, Petra
Construction of the new Salt Government Hospital will start soon as the tender has been awarded to a local contracting company at a total cost of JD40 million, Public Works and Housing Minister Mohammad Obeidat announced on Saturday.
UAE has successfully diversified its economy
29 Nov 10, Khaleej Times
The UAE has successfully diversified its economy with 71% of the national gross domestic product coming from non-oil sectors in 2009, Sultan bin Saeed Al Mansoori, UAE Minister of Economy said.
UAE expects 3% growth as economy gets back on track
28 Nov 10, Gulf News
The UAE, the second biggest Arab economy, is expected to achieve 3 per cent to 3.5 percent growth in 2011, said a top government official.
Dubai economy up 23% in first six months of 2010
24 Nov 10, Emirates Business 24/7
Dubai's economy grew by 2.3 per cent in the first six months of 2010 according to numbers shared exclusively with this website by Arif Obaid Al Muhairi, Executive Director of the Statistics Centre of Dubai.
UAE and UK trade grows Dh22billion in 2010
23 Nov 10, The National
Trade between the UAE and the UK advanced to more than Dh22 billion (US$6.2bn) in the first nine months of the year, providing a boost to a goal of significantly ramping up business links between the two countries by 2015.
Al Shafar General Contracting announces completion of Windsor Manor
22 Nov 10, AME Info
Al Shafar General Contracting (ASGC) announced today the completion of Windsor Manor - a luxury residential tower enjoying a scenic lakeside setting in the heart of Dubai's corporate hub Business Bay. Overlooking the Dubai Mall and iconic Burj Khalifa, the Dhs620m development by Deyaar has been conceived and designed to seduce the discerning few offering upscale leisure and lifestyle facilities.
India's non-oil trade with UAE rises 57% in first half
21 Nov 10, Arabian Business
Non-oil trade between the UAE and India reached $20.4bn in the first half of the year, up 57 percent from the same period of 2009.
Abu Dhabi to open revamped central souk in January
21 Nov 10, Arabian Business
Abu Dhabi’s much delayed central souk is to open in January next year, almost five years after it was originally launched, developers Aldar Properties told reporters. The landmark souk, built on the site of the emirate’s oldest bazaar, which was burnt down in a massive fire in 2002, will include space for 300 shops, according to a report by the Emirates 24/7 website on Sunday.
UAE's non-oil trade rises to Dh477b
14 Nov 10, Gulf News
The UAE's non-oil foreign trade in the first eight months of 2010 reached Dh477.6 billion, an increase of 9.45 per cent compared to Dh436.4 billion in the first eight months of 2009, according to a statement by the Federal Customs Authority (FCA).
Masdar Institute begins second phase of work
13 Nov 10, Arabian Business
Masdar has announced the commencement of work on the second phase of its Institute of Science and Technology campus. According to a statement, the new building complex is 35 percent larger than the current facility measuring a 82,000 sq m. The second phase of work will include the construction of more than 200 student apartments, seven laboratories, a multi-use hall and swimming pool and gym.
Italy eyes €10b trade ties with UAE
09 Nov 10, Khaleej Times
Italy is keen to further expand trade relations with the United Arab Emirates and a Memorandum of Understanding will be signed early next year that will also increase investments in both the countries, Italian Minister for Economic Development Paolo Romani said.
Qatar: QR51m project to boost street lighting
08 Nov 10, The Peninsula
The QR51m projects will include modernising the current street lighting and replacing broken light holders. Ashghal will also set up an advanced central room to control lighting at different times of the day.