Insights: General
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Foreign investment in Qatar grows to $144 billion
Total foreign investment in Qatar has amounted to an estimated $144 billion (QR 526 billion), according to the Qatar foreign investment survey 2015 released by the Ministry of Development Planning and Statistics (MDPS) on Wednesday. The survey revealed that the country’s total inward investments increased by $440 million (QR1.6 billion) from 2013 to 2014, reported
Nakheel begins work on $245mn Deira Islands resort
Nakheel and Spanish hospitality firm, RIU Hotels & Resorts (RIU), has started the development of their $245mn, 800-room resort and waterpark at Dubai’s Deira Islands. The joint venture (JV) has appointed Dar Al Handasah consultants for the project, with the company to oversee design, engineering and construction supervision at the resort. A construction tender is
UAE residents gear up for Eid holiday
Dubai: Tour specialists in the UAE are seeing an unprecedented surge in travel bookings for the upcoming Eid Al Adha holidays even before the official dates are announced. Agencies confirmed that they have been swamped with booking requests, with airline tickets to nearby destinations, as well as hotel rooms, selling very fast as residents anticipate
August 18, 2016
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Four ‘outstanding’ schools in Abu Dhabi
Abu Dhabi: Four private schools in the emirate of Abu Dhabi have attained the highest ranking in the latest round of inspections conducted by education regulator Abu Dhabi Education Council (Adec), it was announced on Tuesday. This is the first time that any school has reached the “outstanding” rating since private school checks were introduced
August 17, 2016
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Makkah, Dubai lead Middle East’s hotel construction in July
Makkah, Saudi Arabia’s holy city, and Dubai both have more than 20,000 hotel rooms in the pipeline, according to latest data supplied by analysts STR. Makkah currently has 21,835 rooms in 13 hotels under construction while Dubai has 20,882 rooms in 67 hotels, STR’s July 2016 Pipeline Report showed. Two additional markets in the region
UAE, India share winning ties
India’s 70th Independence Day comes at a landmark stage in the country’s relations with the UAE. The trade balance between the two nations for the financial year 2015-16 might shrink by nearly $11 billion (about Dh40.4 billion), but this is expected to be a mere hiccup amidst larger global economic factors, and the countries are
August 17, 2016
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Business with UAE will continue as usual
Dubai: Bilal B. Sabouni, CEO of American Business Council Dubai and the Northern Emirates, said uncertainties stemming from this year’s US election will not necessarily hurt the solid business relationship with the UAE, noting that Americans are valued abroad for their work ethic and business acumen. “Honestly, I think business is business. The best American
August 17, 2016
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The GCC view: Brexit – a blessing or a curse?
The UK’s decision to leave the EU has created exciting new possibilities for trade relations with the GCC region The initial response appeared to be everything the doom mongers had feared. Trillions of dollars wiped off financial markets, the British pound plunging to levels not seen for decades and immediate downward revisions for global growth.
New measures to prevent Indian worker exploitation in the UAE
A new collaboration has been formed between India and the UAE to ensure blue-collar Indian workers hired in the emirates are offered the same salary and benefits promised by recruiters. The new scheme will allow Indians officials to verify whether employment contracts requiring emigration clearance that are offered to workers are the same as those
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