Friday 29 May 2020 \



Dubai Expo 2020 bid sparks fears of ‘economic bubble,’ survey finds

Source : Al Arabiya / 22 Nov 2013

A successful Dubai Expo 2020 bid could lead to another economic bubble, according to a survey of investment professionals by the UAE branch of Chartered Financial Analysts (CFA) Institute.

The survey, published by the CFA Society Emirates, showed that 55 percent of the approximately 215 UAE-based respondents are concerned that a successful Expo 2020 bid will create a new economic bubble. Only one quarter of the respondents believe the UAE’s economy is now immune to such a bubble after 2008’s financial crisis.


UAE signs $4.9 billion aid package to Egypt

Source : Reuters / 28 Oct 2013

The United Arab Emirates signed an aid agreement with Egypt on Saturday worth $4.9 billion, in another show of support from the wealthy Gulf state to Egypt’s army-backed government.

The aid package includes a $1bn grant already sent to Egypt in July, while the rest is fresh funds to support various sectors of the economy, the UAE’s state news agency said.


Dubai Investments committed to growth, expansion in Azerbaijan

Source : Saudi Gazette | 25 Oct 2013

Dubai Investments, is reinforcing its commitment to growth in Azerbaijan and the CIS states through an active participation in BakuBuild 2013, the 19th Azerbaijan International Construction Exhibition, currently under way in Baku, Azerbaijan.


UAE's high-tech robot dispenses medicines, cuts patient queues

Source : Reuters / 7 Oct 2013

The region's first robotic pharmacy is now up and running at a brand new hospital in the United Arab Emirate's capital of Abu Dhabi.

Universal Hospital only opened its doors to the public in July but has already spent almost two million dirhams ($500,000) to install a state-of-the-art machine in its on-site pharmacy, promising to cut patient's queues and waiting times.


UAE education is fourth most expensive in the world

By Cleofe Maceda / 23 Aug 2013

International students looking to study and live in the UAE continue to pay among the highest premiums in the world.

The cost of studying in the UAE is equivalent to about half (51 per cent) of the gross domestic product (GDP) per person, or nearly $28,000 (Dh102,760) per year, making it the fourth most expensive country for foreigners to study and live in, according to the latest research by HSBC.


UAE: The world's happiest Arab country says UN report

Source : / 26 June 2013

The UAE is the happiest Arab country and the 17th happiest in the world, a UN-commissioned report says.

The World Happiness Report, published by the University of Columbia's Earth Institute, indicates the happiest countries "tend to be high-income countries that also have a high degree of social equality, trust, and quality of governance".


One child in three is overweight or obese, UAE study shows

By Jennifer Bell / 12 June 2013

One in three children is overweight or obese and at risk of early diabetes and hypertension, a new study suggests.

Researchers studied 1,440 children and teenagers aged 6 to 19 and found 14.2 per cent were overweight and a further 19.8 per cent were obese.


Dubai skyscraper gets new twist as property market rebounds

By Nada Altuwaijri / 11 June 2013 

The developer of an eye-catching ‘twisting’ tower at Dubai Marina tonight said 80 percent of the property has been sold, as the 75-floor skyscraper was officially renamed during an elaborate opening ceremony.

Infinity Tower, which ‘turns’ 90 degrees as it rises about 310 meters into the sky, will now be named after its Saudi-based developer Cayan Investment and Development, the company said.


UAE’s household wealth increases by 8.2%

By Zaher Bitar / 5 June 2013

The UAE’s household wealth increased by 8.2 per cent in 2012 while the total value registered at $400 billion belonged to 57,000 families across the emirates, according to The Boston Consulting Group’s (BCG) thirteenth annual global wealth management report, Maintaining Momentum in a Complex World: Global Wealth 2013.


Greater Arab free trade: Higher hydrocarbon prices boost surplus

Source : Arab news / 13 May 2013

The trade of the 18 countries in the Greater Arab Free Trade Area (GAFTA) grew 11 percent in 2012 to $ 2.1 trillion, according to new IMF trade data. This built on two prior years of strong trade growth of over 20 percent. However, most of the increase is the result of higher hydrocarbon prices rather than increases in the real volume of trade, according to QNB Group.


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