International infrastructure and business services group Mouchel has appointed Leighton Greenland to lead the operational delivery of projects and client relationships for the UAE. “This is an exciting time for Mouchel in the Middle East and we are delighted that Leighton…
Tag: UAE
Video: introduction to banking in the GCC
Carnegie experts forecast Middle East trends in 2015
The Carnegie Endowment has published forecasts of trends in the Middle East written by its scholars. Lebanon. “Since 2005, Lebanon has turned “muddling through” into an art of governance. However, the perpetual balancing act that the Lebanese are now so…
UAE’s built assets worth $1 trillion
The UAE’s built assets are worth $1 trillion, a figure that is more than 22 per cent higher than Singapore’s, according to a report released by local real estate firm The H Holding Enterprise. This finding is based on the…
UAE to approve green economy strategy that will create 160,000 new jobs
The UAE will soon approve a green growth plan that will create 160,000 jobs in different parts of the emirates and boost the economy by up to 5 per cent by 2030, the Green Economy & Green Jobs briefing in…
MEED MENA Rail & Metro Summit told the UAE could finalise federal railway law in 2015
Conrad Dubai, 21 October 2014. The annual MEED MENA Rail & Metro Summit was told this morning that the draft UAE railway law which will include creating a national railway commission could be finalized in 2015. “The draft law takes…
Fitch Ratings affirms AA rating for Abu Dhabi
Fitch Ratings announced on 16 August that it has affirmed Abu Dhabi’s long-term foreign and local currency Issuer Default Ratings (IDR) at AA with a stable outlook. The issue ratings on Abu Dhabi’s senior unsecured foreign and local currency bonds…
Etihad Airways’ revenue rises 28 per cent year-on-year to $3.2bn in first half
Etihad Airways today announced that its revenues in the first half of 2014 rose to $3.2bn, 28 per cent higher than in the same period of 2013. Passengers carried by the airline in the period rose to 6.7m, 22 per…
IMF says UAE economy strong, inflation rising, Dubai debts now $142bn
The Article IV consultation staff report on the UAE published on 3 July 2014 says the UAE economy is robust, its surpluses will continue but inflation could hit 5 per cent by the end of the decade. Dubai’s government debts are…
More than 28,000 hotel rooms to open in UAE by 2016: JLL
The number of hotel rooms in the UAE will rise by 30 per cent by the end of 2016 according to figures in a new report about the hospitality sector of the emirates published today by JLL. JLL said that…