Zawya.com - Top Regional News

Dubai To Pay Debts & Go Ahead With Projects: Ruler

Mon, 09 Nov 2009 13:30:02 GMT

Dubai will pay its massive debts and will go ahead with its ambitious development projects, the emirate's ruler Sheikh Mohammed bin Rashid al-Maktoum told an economic conference on Monday.

Record Surge In UAE Consumer Confidence

Mon, 09 Nov 2009 12:45:05 GMT

The UAE ranks as the eighth most optimistic country in the world in Q3 of 2009. At 102 points, the UAE enjoys more consumer confidence than the global average of 86 - representing a rise of 13 points over six months in the latest Nielsen Global Consumer Confidence Index, conducted in 54 markets during September and October 2009.

Dubai Will Stay The Course Of Progress: Sheikh Mohammed

Mon, 09 Nov 2009 12:43:33 GMT

The international financial crisis will never dissuade Dubai from going ahead with its development ambitions and will not dislocate it from its leadining position as an active player in the world economy, Vice President and Prime Minister of UAE and Ruler of Dubai H. H. Sheikh Mohammed bin Rashid Al Maktoum affirmed.

Etihad Voted The World's Best Airline

Mon, 09 Nov 2009 12:18:03 GMT

Etihad Airways, the national airline of the UAE, has taken the top award at this year's World Travel Awards (WTA), being voted World's Leading Airline by more than 180,000 travel industry professionals from over 175 countries.

One In Three Ashghal Projects Delayed

Mon, 09 Nov 2009 12:16:19 GMT

Qatar's Public Works Authority (Ashghal) has admitted to not being able to complete more than 32 percent of the planned infrastructure projects.

Kuwait Half-Year Income Surpasses Full Year Target

Mon, 09 Nov 2009 09:32:18 GMT

Kuwait's income in the first half of the fiscal year hit 28.7 billion dollars, surpassing the budgeted full-year target thanks to a better-than-expected oil price, the finance ministry said.

Etihad & Aldar To Appeal $4.68M Force India Damages

Mon, 09 Nov 2009 08:54:48 GMT

Etihad Airways and Aldar Properties have decided to appeal a London High Court judgement that held the two firms liable to pay the Force India Formula One team $4.683 million (Dh17.20 million) in damages as compensation for a terminated sponsor deal.

World Bank: Reform UAE Insolvency Laws

Mon, 09 Nov 2009 07:38:59 GMT

Creditors of companies that go bust in the Emirates are likely to be paid less than in most other Arab countries, creating a deterrent to investment, says a report from the World Bank.

RAK Airways Overhaul To Give UAE New Budget Carrier

Mon, 09 Nov 2009 07:37:10 GMT

The UAE will get its third budget carrier shortly as the now-defunct RAK Airways readies for an overhaul, Emirates Business has learnt.

Dubai DSF 2010 To Kick Off On January 28

Mon, 09 Nov 2009 04:54:57 GMT

The DSF Office has announced dates for the 2010 edition of Dubai Shopping Festival and Dubai Summer Surprises as it presents a preview of DSF 2010 to a global audience at the World Travel Market 2009, which begins on November 9, and goes on till November 12 in London.

Unified Credit Reporting Body Set Up For ME

Mon, 09 Nov 2009 04:44:39 GMT

Credit bureaus based in the UAE, Bahrain, Oman and Pakistan on Sunday joined forces to set up the Middle East's first credit reporting association, an initiative that is expected to pave way to the formation of a unified credit bureau encompassing all countries ?of the region.

Saudi 'Bombs' Rebels Inside Yemen Again

Sun, 08 Nov 2009 13:50:37 GMT

Shiite rebels said Saudi Arabia bombed their positions inside Yemen again Sunday, six days after a cross-border fighting pulled Riyadh into its neighbour's campaign against the insurgents.

Kuwaiti Islamist MP Threatens To Grill PM Over Music Classes

Sun, 08 Nov 2009 12:42:26 GMT

A hardline Kuwaiti Islamist MP on Sunday threatened to call for the prime minister to face a grilling in parliament after the government made music classes compulsory in schools.

Gulf Bridge And ITPC Sign Cable Landing Deal In Iraq

Sun, 08 Nov 2009 09:37:43 GMT

Gulf Bridge International and Iraq Telecommunications and Post Company (ITPC), have announced the signing of an agreement to establish a landing for GBI's advanced fiber optic Gulf Bridge International Cable System in Iraq.

Half Of MENA Employers Likely To Hire In Next 3 Months

Sun, 08 Nov 2009 09:35:18 GMT

More than half of the region's employers, 52%, are planning to recruit over the next few months, as the region picks up following the global economic downturn- 26% definitely hiring and 26% probably hiring, according to the new Jobs Index study conducted by Bayt.com, in conjunction with YouGov Siraj.

Burooj Confirms Plans to Develop Projects for Middle Income Group

Sun, 08 Nov 2009 09:26:46 GMT

Burooj Properties, the real estate arm of Abu Dhabi Islamic Bank, or ADIB, and the developer behind multiple realty projects in the UAE and Middle East, held its annual strategic planning workshop, focusing on the company's previous achievements and future plans in light of the current market conditions.

Qatari Businessmen Expect More Reforms

Sun, 08 Nov 2009 06:44:27 GMT

Some 75 percent of business leaders in Qatar expect to see more restructuring cases in their sectors in 2010, according to a survey conducted by MEED.

Saudi Arabia To Construct Mega Plant

Sun, 08 Nov 2009 06:29:36 GMT

Saudi Arabia is setting up a mega water desalination and power generation plant, for which it has already completed the bidding process, said the kingdom's minister for water and electricity at the IDA World Congress 2009.

Emaar Healthcare Looks Abroad

Sun, 08 Nov 2009 04:37:57 GMT

Emaar Healthcare Group is considering opening medical centres in Egypt and Syria as it looks to expand abroad, says Omar al Shunnar, the chief executive.

Off-Plan Realty In Dubai To Recover By 2011

Sun, 08 Nov 2009 04:30:27 GMT

A possible recovery of the off-plan market in Dubai may begin only from 2011, provided developers now build quality products and fulfil their commitments, real estate executives said.

Saudi Begins Flu Vaccination Ahead Of Hajj

Sat, 07 Nov 2009 10:28:32 GMT

Saudi Arabia began vaccinating its population against swine flu on Saturday, with priority going to government employees working on the annual hajj pilgrimage that takes place later this month.

Yemen Starts LNG Exports From New Plant

Sat, 07 Nov 2009 09:43:48 GMT

Yemen began exporting liquefied natural gas (LNG) from its newly built LNG plant in Balhaf on the Gulf of Aden on Saturday, with the first shipment destined for South Korea.

Saudi, US Raytheon Ink Radar Civil Surveillance Deal

Sat, 07 Nov 2009 09:23:19 GMT

The Saudi Minister and Minister of Defense and Aviation and Inspector General has signed a SR 222 million worth a contract for civil navigational radar system with the U.S. international company of Raytheon.

Construction Of $1B Salalah IWPP To Kick Off Next Month

Sat, 07 Nov 2009 08:48:18 GMT

Construction work on a much-delayed IWPP planned at Taqah in the Governorate of Dhofar,Oman, is expected to commence in earnest next month, helping secure electricity and potable water supplies to a region that's poised to attract significant investments in tourism and industrial projects.

KPC Approves KD12B For Two Oil Projects

Sat, 07 Nov 2009 05:56:25 GMT

The Kuwait Petroleum Corporation (KPC) has approved the estimated budgets presented by the Kuwait National Petroleum Company (KNPC) for the fourth oil refinery project and the bio-fuels project, which have set at KD 4 billion and KD8 billion respectively.