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Massive growth potential for Sukuk market in Gulf region, states Dubai Chamber report The global Sukuk industry is expected to be one of the fastest growing segments of the Islamic finance industry with huge growth potential in the Gulf Cooperation Council (GCC) region; particularly in Dubai where Sukuks are expected […]
![Arabian Travel Market: Travelling through the World Differently [VIDEO]](https://arabiangazette.com/wp-content/uploads/2014/05/ATM-2014-Dubai.jpg)
Arabian Travel Market is a unique platform that allows for deeper perspective on the entire Middle East and the wider tourism domain. The world is a global village. And various contemporary fairs and events mark its uneventful continuity into the deepest pores of globalisation. The Arabian Travel Market (ATM), currently […]
![Unifying the World Uniquely: Allure of Sheikh Zayed Grand Mosque [Photos]](https://arabiangazette.com/wp-content/uploads/2014/05/Sheikh-Zayed-Mosque1.jpg)
Prayers of worship are sacrosanct. The atmosphere of calmness and peacefulness that they generate is incomparable, aided immensely by the ambience which ensures that one leaves all tensions and worries far behind. As if, allowing the higher power – God – to take it all away… Centred in the heart […]
Tyre changing will never seem the same anymore, thanks to a bunch of dauntless youngsters giving a new take on the whole tyre replacement activity. Let’s imagine this situation. While vacationing with a group of friends in a car, on a long and winding road, we suddenly come to experience […]
Dubai’s luxury hospitality group Jumeirah has unveiled plans to have marriages on the Burj al Arab helipad, creating the potentiality of unparalleled wedding ceremonies. Translated, its name means the ‘The Arabian Tower.’ But Burj al Arab, the imposing structure standing tall on an artificially developed island, just about 300 metres […]
The fifth-gen of Samsung’s uber-elite Galaxy S series was launched in Dubai by the South Korean technology giant on the 2nd April 2014. The Smartphone looks to provide an enriched mobile phone usage to the end consumers with highly pioneering up gradation to the most sought-after Smartphone features. According […]
Beno Saradzic’s work shows never-before-seen pictures of Dubai and Abu Dhabi that explain the regions’ development through the lens of the camera. What laymen know about photography can pass through the eye of a needle. There’s more to photography than merely clicking pictures and then throwing them away if the […]
Defence expenditure forms one of the core fiscal expenditures of countries with millions of dollars being spent by governments to ensure that their defence system is up-to date and bolstered with highly refined arsenal. Defence expenditures aren’t however mindlessly carried out, but are carefully applied strategies that are subject to […]
The economic boost in the Middle East has also extended to the stock market and stock market indices in the region. Most significant in this context are the stock markets in the UAE and Qatar which have gone up substantially since the provisional list of stocks was released by MSCI […]
8th April 2014 will see the commencement of the Annual Investment Meeting (AIM) in Dubai which will see delegates from all over the world, including the Sakha Republic of Russia, for whom this meeting is an inaugural participation. Otherwise colloquially known as Yakutia, the Sakha Republic is located in far-east […]
Dubai Duty Free Records 10% Increase in Sales Activities in Q1 2014 Dubai’s Airport Terminal 3 contributes 62% of the overall sales Sales figures and tabulations for the first quarter of sales activities for 2014 have been released by all leading corporates and companies. Dubai Duty Free has posted its […]
Statistics for commuter traffic for February, released by the International Air Transport Association (IATA), showed a surge in the demand for the aviation transportation with a percentage increase of about 5.4 percent. This increase has been placed in context to the commuter traffic trend for February, in the previous year. […]
The aviation and aeronautics domain is one that countries look to solidify as a mark of their proclaiming their presence in the biggest of economic stages in the world. Predominantly the most developed countries in the world are regarded to be pioneering leaders in the aviation sector, creating unprecedented commercial […]
Ever since electronic commerce or as the popular acronym goes, e-commerce, has come into existence, there has only been positives being raved about it. The concept’s dynamics have been explored thoroughly over the course of the years and with newer technological stimuli making inroads into the commercial spectrum, the relevance […]
DHA has come up with an innovative plan to step up Dubai medical tourism sector. Dubai attracts millions of tourists from all over the world who come to see the fusion of modernity and traditionalism that prevails all over the region. But there are various dimensions to the tourism aspect […]
Middle East & Africa IT Infrastructure Spending will Reach $3.5 Billion in 2014 Towards the end of the 20th century – the 1900’s so to speak – there emerged this new fad to call the new millennium as ‘Y2K.’ It was a technological reference that eluded many except for those […]
Dubai’s economy is bouncing back with latest trade figures revealing that Dubai’s trade grew exponentially to over 1.32 trillion dirhams (about US$ 362 million) in 2013, leading to a growth of about 7.6%. Regarded to be one of the richest regions in the oil-laden Middle East, the UAE and in […]
The incidence of Diabetes in the Middle East is on an alarming rise. This is not only detrimental to people’s lifestyle and health, but also to the productivity of an economy. The Middle East and North Africa Region have been reported to have the highest rate of diabetic incidences […]
Today’s top business and economy news from the Middle East and North Africa: UAE invests $200 million in Azerbaijan projects The UAE Deputy Economy Minister Mohammed Ahmed Bin Abdul Aziz Al Shihhi said during a joint business forum in Baku on Wednesday his country’s investments in Azerbaijan’s economy exceeded $200 million. […]
Today’s top business and economy news from the Middle East and North Africa: UAE’s First Gulf Bank inks $900m loan deal First Gulf Bank, the second-largest lender by market value in the UAE, has signed a three-year $900m loan with a group of international lenders, the bank said in a […]
Today’s top business and economy news from the Middle East and North Africa: Dubai sees no need to recapitalise support fund Dubai sees no need to recapitalise the financial support fund which provides aid to indebted state-linked companies, Sheikh Ahmed bin Saeed al-Maktoum, the head of the emirate’s Supreme Fiscal […]
Today’s top business and economy news from the Middle East and North Africa: ADNOC to retain current UAE oil concession structure Abu Dhabi National Oil Co (ADNOC) director general announced on Sunday the company will present the current structure of its oil and gas concessions in the United Arab Emirates […]
Today’s top business and economy news from the Middle East and North Africa: Emirates inks deal for 2014 Glasgow Games Emirates Airline was unveiled on Wednesday as an Official Partner of the Glasgow 2014 Commonwealth Games and the Official Airline of the Queen’s Baton Relay. The partnership strengthens the Dubai-based […]
Today’s top business and economy news from the Middle East and North Africa: Guinea, UAE seal bauxite deal Compagnie des Bauxites de Guinee (CBG) and Mubadala Development Company have signed a long-term supply agreement to supply bauxite, the main raw material in aluminium, the UAE’s state news agency reported on […]
Today’s top business and economy news from the Middle East and North Africa: Dubai posts strong visitor numbers Dubai has once again emerged as one of the most popular holiday destinations on the planet as new figures suggesting that tourists continued to flock to the emirate in September. According to Dubai Airports statistics, […]
Governments of the Gulf Arab states are working on plans to establish a long-distance rail transport in the region and extend it across the Arabian Peninsula, a report published by Reuters said on Wednesday. According to official figures, around $100 billion may be spent by 2020 on laying over 6,000 […]
Today’s top business and economy news from the Middle East and North Africa: Top UAE banker says Islamic finance ethical model for global banking A top UAE banker said on Sunday Islamic finance can be an ethical and sustainable business model in the global financial landscape in order to avoid a […]
The International Monetary Fund on Monday urged Gulf Arab oil exporting countries to cut down government spending in order to make their budgets more sustainable, warning their combined surplus could turn into a deficit around 2017. “While expansionary fiscal policies helped the region weather the global financial crisis, given the healthy […]
Today’s top business and economy news from the Middle East and North Africa: Global Ports purchases DP World stake in Far East port DP World, the world’s third-largest port operator, said on Monday it has sold its 25% stake in container terminal Vostochnaya Stevedoring Co to Russia’s Global Ports Investment […]
UN-Habitat’s ‘Wheel of Prosperity’ has identified five dimensions which are equality and monority rights, environmental sustainability, quality of life, infrastructure, and productivity for a well-balanced development, in a report on Thursday. The centre of the ‘wheel’, identified as ‘hub’, is the local urban power functions and is represented by the human […]
Fast-growing Gulf airlines have begun taking a more cooperative approach, seeking alliances rather than direct confrontation with big carriers in the rest of the world, a report said on Wednesday. Many airline observers believe the shift appears to be in response to tough market conditions and a realisation that the […]
Iran announced on Tuesday it has plans in place to increase gas production from the giant offshore South Pars field to 800 million cubic meters a day by 2016, the official IRNA news agency reported. The development will be higher than Qatar’s output of 550 million-560 million cu m/d from […]
Today’s top business and economy news from the Middle East and North Africa: Abu Dhabi included in the Global Cities list The fifth edition of Cities of Opportunity released by Price Waterhouse Cooper and the Partnership for New York City has ranked the city of Abu Dhabi as the 22nd […]
Today’s top business and economy news from the Middle East and North Africa: UAE records $9.9bn fiscal surplus in 2011 The United Arab Emirates’ finance ministry said on Monday the state recorded a budget surplus of AED36.2 billion ($9.9 billion) in 2011, as it released the data to public for […]
Today’s top business and economy news from the Middle East and North Africa: Abu Dhabi posts fastest economic growth in 2011 Data released by the Abu Dhabi government showed on Sunday the capital city’s economy grew 6.8% in inflation-adjusted terms last year, the fastest rate since 2004 and more than double […]
Today’s top business and economy news from the Middle East and North Africa: UAE bank giants lead China expansion march Two of the UAE’s largest banks are leading an expansion drive into China as trade between the two countries continues its rapid growth. The National Bank of Abu Dhabi (NBAD) and […]
Today’s top business news from the Middle East and North Africa: Etihad announces partnership with Air France-KLM Rapidly expanding UAE flag carrier Etihad Airways says it has struck a deal with Air France-KLM to market some of each other’s flights as the first stage of a larger strategic alliance. Alongside […]
Today’s top business news from the Middle East and North Africa: Etihad Airways eyeing opportunities in India, Asia Etihad Airways, which has been aggressively expanding on a global level through stake purchases in firms like Air Berlin and Virgin Australia, announced on Sunday it is set to extend its geographical […]
The economic performance of the GCC countries is robust with an expected growth of 6% for the region, a specialised economic report said on Sunday. The report, compiled by Gulf Investment Corporation, highlighted two forces which helped the GCC to shoulder the weight of the global sluggishness. “First, is the […]
