According to the international real estate services firm CB Richard Ellis, Dubai is among the world’s most expensive countries in which to rent office space, ranking 25th in the world. Overall occupancy costs average out to about $92.56 per square foot in the Gulf emirate. Abu Dhabi was also examined in the report, but found…
Category Archives: Dubai
Dubai Tower Stalled in Favor of London Dynamic Tower
Officials in Dubai are disappointed that their city will not be the home to the first ‘rotating tower’ to be constructed in the world. Instead, the first “Dyanamic Tower” will be constructed in London, beginning soon. “We will announce the start of the construction in London in due time. Most probably within the year,” said…
DTMFZA Finishing Construction of 40 New Buildings in Dubai
The Dubai Technology and Media Free Zone Authority (DTMFZA) is supervising the construction of 40 new buildings, to be finished early this new year. “Overall more than 200 sites are under construction, of which some projects are suspended. The progress of the sites is going on in a normal pace. We expect at least 20…
Cadillac Brand Manager Adrian Enciso Optimistic at Motor Show
The month of November brings the International Motor Show to Dubai, where the world’s most prestigious and coveted cars will show off their best features. Sport Package Offered Among the many manufacturers and brands in attendance will be Cadillac, which will display its award-winning line-up for the 2012 car-buying season. Included in the Cadillac list…
Baker Botts Hires New Lawyer in Dubai Office
Baker Botts, the international law firm, has just named a new partner in their Dubai office, Vanessa Abernethy. Abernethy has extensive experience working with clients engaged in capital market transactions all over the Middle East, specializing in advisory as well as transactional work. Years of Experience Ms. Abernethy has years of experience representing and advising…
Accor to Create 4,000 New Jobs in the UAE
Accor, the French hotel chain who owns Sofitel, Novotel and Ibis, has announced that it will be doubling its number of hotels in the UAE within the next three years. “The first four hotels will open sometime in the second quarter of 2012 and the Sofitel Corniche will open in December 2011,” Christophe Landais, managing…
Fitch Expects Gulf Country Banks To Lose Less in 2011
Since the international credit crisis is winding down, Arab Banks located in the Persian Gulf area will probably lose less money in loans and investments. “Lower impairment charges and cost control should lead to a gradual improvement in profitability, but revenue growth will be more difficult to achieve,” Fitch ratings agency maintained. “Loan growth has…
Fund Managers Seek NRIs’ Investments
Fund managers in Dubai encouraged Non-Resident Indians (NRIs) to invest in one of the fastest growing economies putting their savings into the Indian stock market. Bankers also urged NRIs to invest in fixed deposits and other schemes to become rich enough to meet their family’s long run financial needs. At The annual ‘Indian Investment Seminar…
Second Edition of MEMAD Taking Place In Abu Dhabi This Week
The second edition of the Middle East Missile and Air Defense Symposium opened on Sunday, December 5th, 2010 at the Armed Forces Officers’ Club in Abu Dhabi. The Institute of Near East and Gulf Military Analysis launched the symposium under the patronage of the Armed Forces General Headquarters in partnership with the UAE Air Force…
WikiLeaks Sheds New Light on Arab Views on Iran
Among the tens of thousands of documents released by WikiLeaks saying all kinds of good and bad things about world leaders, there seems to be one leader which almost everyone seems to agree about: that is of course the leader of Iran, President Mahmoud Ahmadinejad. The documents point to a great fear and distrust of…
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Independent Middle East News
- Salam Fayyad Resigns April 11, 2013by Mahmoud Abu Ghosh Palestinian Authority Prime Minister Salam Fayyad has reportedly tendered his resignation, after intense criticism against him within the Western-backed Palestinian Authority. It is not yet clear whether PA President Mahmoud Abbas will accept Fayyad’s resignation at this time, although the two have been at odds on several issues. PA offi […]
- Jordan & PA Coordinating Takeover of Jerusalem April 1, 2013by Eitam Abadi Jordan’s King Abdullah II and Palestinian Authority President Mahmud Abbas signed an agreement on Sunday confirming their “common goal to defending” Jerusalem and their opposition to efforts to “Judaize” Israel’s ancient capital city. PA Religious Affairs Minister Mahmoud al-Habash said the agreement confirmed Jordan’s role as protector of the […]
- Palestinian Sentenced to 6 Months for Facebook ‘Like’ March 30, 2013by Mahmoud Abu Ghosh A Palestinian man who clicked “Like” on a Facebook status criticizing a high ranking official of the Western-backed Palestinian Authority has been sentenced to six months in a PA prison facility. Anas Ismail, 29, of Salfit, near Nablus, was found guilty of “libel and slander.” Ismail said that the PA’s American-trained […]
- PA Sentences Journalist to Year in Prison March 28, 2013by Mahmoud Abu Ghosh Palestinian journalist Mamdouh Hamamreh from Bethlehem was sentenced on Thursday to one year in prison for “insulting” Palestinian Authority President Mahmoud Abbas on Facebook. He is the second Palestinian to receive this sentence on the same charges since the beginning of 2013. In early February, 26-year-old Anas Awwad from the village […]
- US Arming Syrian Rebels Through Regional Proxies March 26, 2013by Mahmoud Abu Ghosh Western-backed governments in the Middle East have dramatically increased military aid to the Free Syrian Army in recent months, the New York Times reported on Monday. America’s Central Intelligence Agency has been aiding these efforts, the newspaper added, citing air traffic data and interviews with unnamed officials as well as commande […]
- Salam Fayyad Resigns April 11, 2013