Category Archives: Dubai

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… Continue Reading

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… Continue Reading

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… Continue Reading

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… Continue Reading

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… Continue Reading