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Fujairah-based Abu Dhabi airline service launches

Fujairah-based Abu Dhabi airline service launches

Eastern Express CEO Alex De Vos hopes the one-jet operation will cater to businessmen and government officials. Precious de Leon wonders how many companies would pay the 1,200AED return ticket.

November 15, 2011 3:03
 

UAE central bank gov concerned about Euro crisis

The UAE is concerned about the impact of a worsening European sovereign debt crisis but the OPEC member's central bank does not see a need for new liquidity measures for local banks, its head said on Tuesday.

November 15, 2011 11:48
 

UAE 2012 growth may slow to 3 percent on global woes

European debt crisis a concern - c.bank governor; Growth may slow to 3 pct in 2012 - economy minister; No new liquidity, provisioning measures for banks needed

November 15, 2011 11:45
 

Abu Dhabi’s ZonesCorp attracts $6B in investments

Abu Dhabi's industrial development body has attracted $6 billion in investments since its launch but future growth hinges on a recovery in the global economy, its top official said on Tuesday.

November 15, 2011 11:39
 

France positive on UAE Rafale deal despite competition

The UAE’s request for technical details on the Typhoon combat jet built by European arms consortium Eurofighter has not shaken France's confidence in securing a deal to sell the Gulf state more than French 60 Rafale warplanes, the French air chief told Reuters on Monday.

November 14, 2011 1:41
 
Island attraction: UAE’s $150M ties with Seychelles

Island attraction: UAE’s $150M ties with Seychelles

No doubt about it, the UAE has a growing affection for Seychelles. But are the Seychellois really welcoming these intentions for progress with open arms, asks Precious de Leon

November 13, 2011 3:55
 

Emirates order to Kickstart Dubai air show

A Boeing airplane order worth up to $15 billion from host airline Emirates looked set to fire up the Dubai Air Show on Sunday as Gulf airlines expand in the face of growing fears over the world economy.

November 13, 2011 10:59
 
UAE deposit growth slows as Arab Spring effect fades

UAE deposit growth slows as Arab Spring effect fades

Bank deposit growth slows to 10-mth low in September as Arab Spring-related inflows decrease and conditions for big rise of interbank rates are just not in place.

November 10, 2011 4:59
 
Gulf central banks may store trouble with loose policies

Gulf central banks may store trouble with loose policies

Ultra-low interest rates contrast with strong growth as the IMF warns that Gulf needs to be ready to adjust policy but weak markets and private sector growth need low rates.

November 10, 2011 4:44
 
Small-time internet shops threaten UAE telcos

Small-time internet shops threaten UAE telcos

With strong demand from UAE expatriates, back alley internet shops are offering VoIP despite government restriction and at a tenth of Etisalat and du’s regulated prices, making them tough competition.

November 10, 2011 4:30
 
Prudent Abu Dhabi adjusts development strategy

Prudent Abu Dhabi adjusts development strategy

Prestige property projects reviewed, some put on hold; Abu Dhabi responding to weaker market, global uncertainty; But retrenchment different from Dubai crisis; Government remains very strong financially; Strategy change may please international investors

November 10, 2011 4:07
 

Detained UAE blogger’s family decries smear campaign

The family of a blogger on trial for calling for political change in the United Arab Emirates has condemned what it calls a smear campaign against him and urged the government to try to rein in people calling for his death.

November 10, 2011 11:09
 
The UAE gets richer, eats more

The UAE gets richer, eats more

According to EIU, food imports in the Gulf will double as residents enjoy higher income levels. Maybe this is where we should focus our sustainable efforts, says Precious de Leon.

November 9, 2011 4:47
 
UAE lawyers shouldn’t be shaking in their boots

UAE lawyers shouldn’t be shaking in their boots

Common law courts have increased jurisdiction, which may take away some business to Emirati lawyers. But Precious de Leon thinks they should look to Wal*Mart victims for inspiration.

November 9, 2011 3:56
 
Is this the end of Middle East monarchy?

Is this the end of Middle East monarchy?

It’s a matter of time before every citizens in Middle East rally for constitutional reform. How close we are to this change may not be up to the rulers.

November 9, 2011 1:01
 
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