General News

Tuesday, 18th

   
► October 2007

01.10.07: McKinsey Quarterly III/07 "The Gulf looks outward"
Investors in the Gulf States are looking abroad. In September,
for instance, a Canadian Oil & Natural-Gas producer agreed
to be taken over by a company in Abu Dhabi.
The actual McKinsey Quarterly Member Edition supplies its
readers with several detailed reports and analysis:
Beyond Oil: Reappraising the Gulf States                                                                       [Read Article]
Gulf Telcos: Managing expansion better                                                                         [Read Article]
Saudi Arabia's global investor: An interview with Prince Alwaleed                            [Read Article]
The new Silk Road: Opportunities for Asia and the Gulf                                               [Read Article]

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of McKinsey Company. Basic Membership is free of charge and
can be subscribed here.

 
► September 2007

10.09.07: UAE's GDP records 23.4% rise in 2006 to AED 599.2b
UAE's gross domestic production (GDP) increased by 23.4%
at current prices in 2006 to amount to AED 599.2 billion when
compared to the preceding year, according to the country's
central bank.                                                                                                                          [Read Article]

05.09.07: Dubai's Megaprojects
Take a look with Gulf News into those major developments
with a special focus on the residential projects.                                                            [Read Article]

03.09.07: Kuwait wants to tax personal income
Kuwait's ruler said in comments published yesterday that
the Gulf Arab oil exporter would eventually have to impose
taxes on personal income, but gave no timeframe.                                                      [Read Article]

 
► August 2007

23.08.07:  UAE stocks crash to record lows
UAE stocks tumbled to new record lows yesterday, wiping more than
DH12.1 (US$3.29) Billion in market capitalization, as foreigners, insti-
tutions and individuals continue to liquidate their positions.                                      [Read Article]

22.08.07:  RAK allows 100% expat ownership of business units
The Ras Al Khaimah Department of Economic Development has
approved a system granting expatriates 100% (!!!) ownership of
their projects with no need for an Emirati sponsor.                                                      [Read Article]

16.08.07:  UAE-US Trade Drops 16% - Free Trade Agreement???
Trade between the US and the UAE, its third largest trading partner in the
Middle East, declined 16% to $5.43 billion during the first half of this year.
Talks about the free trade agreement broke down, both countries were
unable to complete discussions before the expiration of the Trade Promo-
tion Authority (TPA) on June 30, which allowed the Bush administration to
negotiate trade agreements that cannot be amended by Congress.                        [Read Article]

09.08.07:  Abu Dhabi expands Infrastructure Plan
The Abu Dhabi government plans to massively boost its infrastructure
through long-term investments to upgrade airports, seaports and public
transportation system to support the emirate's economic development,
said the Executive Council in its recently issued Policy Agenda for 2007-08.          [Read Article]

09.08.07:  Dubai Property Bubble Stories dismissed
The demand for homes and offices in Dubai will continue to exceed
supply in the coming years, a leading UAE-developer said on
Wednesday, the latest to dismiss theories of a bubble in the
emirate’s real estate market.                                                                                             [Read Article]

03.08.07:  RAK to the Future
Sheikh Tariq bin Kayed Alqassimi tells ArabianBusiness why investors
in the Emirate have a short window to reap RAK's rewards                                        [Read Article]

03.08.07:  ArabianBusiness - Banks get on Escrow Bandwagon
Three leading UAE banks launch Escrow Accounts, following
amendments to Dubai's new Property Law                                                                    [Read Article]

 
► July 2007

31.07.07:  GULFNEWS - Construction of 72 Business Bay towers under way
Construction is under way on 72 towers in phase one of Dubai's
Business Bay - approximately a third of the total number of
buildings in the 64m sqm master development                                                            [Read Article]

31.07.07:  GULFNEWS - The nightmare called 'training'
How many times have I heard CEOs and employees say, training is a waste
of time? (By Sanjiv Anand, MD of Cedar Management Consulting Int'l LLC)          [Read Article]

30.07.07:  GULFNEWS - Emirates faces bad weather in Germany
Emirates Airline's further expansion into the German market is running
into potential opposition from the German government                                              [Read Article]

26.07.07:  GULFNEWS - New property law could lead to more investments
Greater institutional investment in Dubai real estate could be on the cards
after the government issued a law safeguarding property buyers' payments,
say developers and analysts.                                                                                           [Read Article]

26.07.07:  GULFNEWS - RAK quietly transforms into a hot investment hub
While a lot of attention has been focused on the huge growth and
development of Dubai, Ras Al Khaimah (RAK) has been undergoing
a quiet transformation that will see it become one of the most popular
gateway spots in the region.                                                                                             [Read Article]