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Rental prices for apartments and villas in Abu Dhabi fell between 7%-15% in the second quarter of 2010, with lower-quality properties seeing the most pronounced drop, according to the latest report from Asteco. The decline …Read full article » United Arab Emirates: Tuesday, July 13 - 2010 @ 11:10
While DPF was used for the initial phases of the Red and Green Lines because the private sector was unwilling to finance the project, Abdul Redha Abu Al Hassan, Director of Planning and Development, Rail …Read full article » United Arab Emirates: Monday, October 12 - 2009 @ 15:26
The credit crisis which began late last year wreaked havoc in Dubai as banks reduced lending, property prices nosedived, and projects were put on hold or cancelled altogether.
In the wake of the meltdown many …Read full article » United Arab Emirates: Sunday, October 04 - 2009 @ 14:46
The Dubai metro will be the first urban rail system in the Gulf and one of the most advanced in the world.
The driverless, fully-automated trains will offer the choice of luxurious first-class coach cars, …Read full article » United Arab Emirates: Tuesday, September 08 - 2009 @ 12:21
E-Vision’s new service is seen as a major leap forward for the broadcast industry in the region.
The benefit of HDTV is that it offers much greater line resolution than standard-definition television, thus providing much …Read full article » United Arab Emirates: Sunday, July 12 - 2009 @ 17:08
The UAE accounts for 23% of the GCC economy, behind Saudi Arabia which totals 47%, according to Standard Chartered Bank Middle East.
Nevertheless, the UAE (4.7 million people) has a regional effect like no other …Read full article » United Arab Emirates: Thursday, May 28 - 2009 @ 12:37
In a recent online town hall meeting Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, responded to the criticism that the emirate has come under in the UK and US press …Read full article » United Arab Emirates: Monday, April 27 - 2009 @ 15:58
Several recent reports about Dubai by the British media have stoked widespread controversy throughout the emirate and the UK.
The reports included a programme by the BBC called Slumdogs and Millionaires, …Read full article » United Arab Emirates: Monday, April 27 - 2009 @ 15:48
Last year there was a view among some that the downturn was a problem for the West and would have little impact on the UAE.
But Sheikh Mohammed said that with the global nature of …Read full article » United Arab Emirates: Sunday, April 19 - 2009 @ 17:27
The global financial meltdown has cut deeply into company profits and put many firms at risk of closure.
Unsurprisingly, many companies have decided to trim staff as a way to cut costs amid the downturn. …Read full article » United Arab Emirates: Tuesday, April 14 - 2009 @ 10:58