Friday 29 May 2020 \



Dubai aims to be hub of Islamic economy

By Mustafa Alrawi / 14 Jan 2013

Dubai officials yesterday unveiled its Ruler’s vision for the emirate to become the “global capital” of the Islamic economy, as it looks to boost exposure to an industry valued at trillions of dollars and further diversify its economic base.

The wide-ranging initiative will include a Sharia council to oversee standards in Islamic finance, an arbitration centre to resolve disputes in Islamic contracts, and a drive to boost production of halal food within Dubai.


UAE, Saudi, Egypt among top manufacturing states

Source : Trade Arabia / 27 Dec 2012

The UAE, Saudi Arabia and Egypt are among the world’s top 40 most competitive manufacturing nations, according to a new study which highlights the challenges faced by established countries.

The UAE ranking at 30, Saudi Arabia 34, and Egypt 36 in the 2013 Global Manufacturing Competitiveness Index report from Deloitte’s Manufacturing Industry group and the US Council on Competitiveness.


Dubai plans $2.7 billion theme park

By Reuters | 28 Nov 2012

Dubai plans to build a 10 billion dirham ($2.7 billion) complex with five theme parks, including ones based on movies and characters from Hollywood and Bollywood cinema industry, to expand its booming tourism sector, the Dubai ruler’s office said on Monday.

Local real estate developers Meraas Holding has been chosen to develop the project, the first stage of which is expected to be completed by 2014, the office of Sheikh Mohammed bin Rashid al-Maktoum said in a statement on its website.


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