Thursday 3 December 2020 \

 

Gulf countries

KSA’s first marine park to be built at Dhahban

Source : Arab News / 06 Jun 2014

Jeddah is building the first marine park at Dhahban on the shores of the Red Sea, 40 km from the city. The groundbreaking project, which was under study for the last four years, was announced by the Jeddah Municipality on Saturday.

 

UAE ranks third for total solar power capacity

Source : The National / 06 Jun 2014

Masdar City’s Shams 1 has helped to lift the UAE to third among the world’s nations in Concentrated Solar Power investment and capacity, a report says.

The UAE now ranks behind only Spain and the US in CSP generation.

The rankings were recently unveiled in a report by Ren21, a policy network that promotes rapid global transition to renewable energy.

 

Arab newspapers to become ‘extinct’ earlier, says researcher

Source : Al Arabiya / 21 May 2014

Newspapers in the Arab world are to become ‘extinct’ earlier than forecast due to the rapid rise of social media in the region, according to a key researcher.

Author Ross Dawson, who in 2010 published a ‘newspaper extinction timeline’, says he is revising his predictions of when printed papers will no longer be significant in the Arab world.

 

High-tech podcars to take to Dubai streets

Source : Gulf News / 07 May 2014

Dubai is set to have a new mode of public transport — high-tech podcars — in the next couple of years, a senior official announced at a conference on Monday.

The Zabeel area has been identified for the launch of the Personal Rapid Transit (PRT) system, which is currently operational only at London’s Heathrow Airport and in West Virginia in the US. In 2011 a similar system was also piloted at Masdar City, Abu Dhabi.

 

Study ranks UAE number one in social progress

Source :Khaleej Times / 14 Apr 2014

The study was published by the nonprofit Social Progress Imperative and released last week at the Skoll World Forum on Social Entrepreneurship. 

The UAE has been ranked number one in the region in a global study measuring social progress in 132 countries. Globally, the country has been ranked 37th in the 2014 Social Progress Index.

 

Gulf pension funds seen to hit $5trn

Source : SG / 13 Feb 2013

Arabian Gulf pension funds are expected to double to $5 trillion by 2020 as regional governments plan for the retirement of their burgeoning populations, reflecting an annual growth of about 8.8 percent from 2012 to the end of the decade, PricewaterhouseCoopers (PwC) said in its report.

 

Fuel in Saudi Arabia second cheapest in the world

Source : IINA / 24 Jan 2014

The price of gas in the Kingdom of Saudi Arabia is almost 22 times cheaper than in Norway, which has the world’s most expensive fuel, and at least half the cost of anywhere else in the six-nation Gulf Cooperation Council (GCC), according to a new report.

 

UAE: Dubai Expo 2020 Catalyst for further growth

Source : Eat-halal.com / 7 Dec 2013

Dubai’s dream of hosting the World Expo 2020 has become a reality and the next seven years will present a host of opportunities for the emirate to build on its strength and expand its offering as a global business hub.

“Dubai Expo 2020 will breathe new life into the ancient role of the Middle East as a melting pot for cultures and creativity,” tweeted Sheikh Mohammad Bin Rashid Al Maktoum, UAE prime minister and ruler of Dubai, echoing the Dubai Expo 2020 theme of “Connecting Minds, Creating the Future”.

 

Gulf Arab states may see unemployment rise, warns IMF

Source : Reuters / 23 Nov 2013

Gulf Arab oil exporters may see unemployment among their citizens rise in coming years unless they change a decades-old habit of relying on cheap foreign labor, the International Monetary Fund said on Wednesday.

Since the 1970s, millions of mainly low-skilled workers from south and southeast Asia have supported rapid economic growth in the Gulf states, whose citizens tend to favor cushy, high-paid public sector jobs.

 

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.

 
 

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