UAE’s Ras Al Khaimah eyes further expansion The UAE emirate of Ras Al Khaimah with no oil and gas like its neighbouring emirates is planning projects worth $5 billion to 2020 with the help of foreign investors. RAK Free Trade Zone (RAK FTZ) is currently home to around 4,000 companies aims to turn itself into
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Dubai Airports has reported a 16.3 percent increase in passenger traffic for H1 2010 compared to the year earlier period. The six months to end-June saw 22,554,445 passengers use Dubai International airport, compared to 19,397,089 in the corresponding period in 2009. According to an emailed statement released Monday by Dubai Airports, Dubai International processed 3,684,192
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The UAE is planning to export camel milk to Europe after the European Commission (EU) gave the green light, it was reported on 4th July 2010. “The UAE is intending to export camel milk to European markets next year, to be among the first suppliers of this product to the EU,” Abdullah Al Janan, executive
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The UAE will maintain the dirham’s peg to the dollar and has no plans to rejoin the planned Gulf monetary union “for the time being,” Sheikh Mohammed Bin Rashid Al Maktoum told Cable News Network June 25, 2010. The emirates “still believe” in the peg, Sheikh Mohammed said in an e-mailed transcript of the CNN
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Dubai is currently developing a strategy to diversify power generation sources and improve efficiency to ensure an adequate energy supply through 2030. Dubai produces less than four percent of the nation’s oil. The emirate is seeking to guarantee power supply and reduce emissions that contribute to global warming. The UAE holds about seven percent of
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Dubai and Abu Dhabi continue to occupy the highest rankings in the GCC a new global Quality of Living survey. The Mercer report ranked Dubai at 75, with Abu Dhabi taking the 83rd spot in the list. Elsewhere in the GCC, Muscat in Oman was the region’s only other city in the top 100 out
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Nearly 80 percent of the expatriate population is “economically active”, compared with only 45 percent of Emiratis, a recent market study shows. Nearly 20 percent of the population were voluntarily unemployed while 2.3 percent were looking for work, records from the National Bureau of Statistics revealed. The Report on Economic & Social Dimension 2009 showed
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The Barack Obama administration is putting plans in place to double US exports to the UAE over the next five years, according to Assistant Secretary of Commerce Suresh Kumar. US companies seeking to do business in the UAE will receive support from the US government as the US sees the UAE as a “gateway to
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Emirates Airline announced to hire more than 700 pilots over the next 18 months to support new routes, new aircraft and increased frequencies. The airline currently has a fleet consisting of 147 planes with a further six aircraft due to arrive this calendar year. A total of 144 planes worth around AED176 billion ($48 billion)
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Set to open on June 27 for cargo flights, Al Maktoum International, the centrepiece of the $33 billion Dubai World Central megaproject, is planned to be the world’s largest airport when it is fully completed. The five-runway airport will eventually be able to handle 160 million passengers a year, up from the previously projected 120
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