Home 2011 December

Monthly Archives: December 2011

Top 10 Technology Trends for 2012

Top 10 emerging and disruptive technologies that are expected to play a crucial role in how businesses are anticipated to operate globally in 2012.

Advertising companies invited for Concourse 3 at Dubai International

Dubai Airports is inviting advertising companies to submit expressions of interest to be awarded the official concessionaire for the upcoming Concourse 3 at Dubai International.

Best International Day Spa by travellers worldwide

The Spa at The Address Dubai Mall, located in Downtown Dubai, was recently voted as the Best International Day Spa at The SPA Traveller Awards 2011.

Who is right: Nakheel, its former CEO or The Financial Crisis?

Who is right: Nakheel, its former CEO or The Financial Crisis? The Dubai World Tribunal's decision was expected on Tuesday, but it won't be announced until early 2012.

GCC States in transition to Gulf Union

The leaders of the member states in the Gulf Cooperation Council(GCC) have welcomed and graced a proposal made by King of Saudi Arabia for transition from the phase of cooperation to the phase of Union.

Meraas launches Dubai Adventure Studios

Meraas announced launch of Dubai Adventure Studios, a movie-based theme park that will be located at its master development in close proximity to Arabian Ranches.

Dubai Duty Free reaches over US $20 million daily sales today

The Dubai Duty Free celebrates its 28th anniversary today by offering its now traditional -25% discount on a wide range of items across many of its stores

Dubai Maritime City launches six new projects

Swift Development’s Swiftships Towers, which are office towers, Sheth Developers with the Project ‘Iris Mist’Hotel Apartments & Residences, Kensington Global with a budget hotel Kensington Krystal, Sanali Global’s Sanali Aquamarine Residential Apartments and Dubai Investments Real Estate with a six star hotel.

Dubai Ice Rink turns into Winter Wonderland for Festive Season

Emaar presents Winter Wonderland Programme featuring ‘Snow Babies on Ice’ until December 31, 2011 at Dubai Ice Rink in The Dubai Mall.

UAE Consumer Price Index decreased by 0.02% in November 2011

The overall Consumer Price Index (CPI) for the United Arab Emirates (U.A.E) reached 116.65 in November 2011, and with comparison with the base year (2007 =100), according to a press release issued by the National Bureau of Statistics.

Arab Science and Technology Foundation prepares for 2012

New Board Council of the Arab Science and Technology Foundation (ASTF) supports Public and official awareness regarding the scientific research and technological innovation for the sustainable development in the Arab spring countries.

Unfriending on Facebook grows in popularity

Though no one likes to lose a friend, unfriending on Facebook has grown in popularity recently, along with Facebook's rocketing user base.

Emaar’s new US$ 1 billion financing facility – Testament to financial...

Emaar Properties PJSC has signed a new Islamic and Conventional financing facility amounting to AED 3.6 billion (approx. US$ 1 billion) with Dubai Islamic Bank PJSC, National Bank of Abu Dhabi and Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners.

HH Sheikh Mohammed: Arab must work together or lose together

On the evening of the GCC Summit, UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum...

DAMAC Properties awards main contract for Versace branded residence

DAMAC Properties, has announced it has awarded the main construction contract for its Versace-branded residential development, ‘DAMAC Tower’ in Beirut, Lebanon.

2011 will be remembered for its turbulence

High volatility in financial markets and sovereign debt concerns have damaged business and consumer confidence. Global growth is stuttering across nations and, as a result, trade is slowing down.

Prince Alwaleed, Kingdom Holding invests $300 Million in Twitter

Prince Alwaleed bin Talal and Kingdom Holding Co. invested $300 million to buy a “strategic stake” in microblogging service Twitter Inc.

GCC Central Bank procedures in final phases

Kuwaiti Finance Minister Mustafa Al-Shemali reiterated on Sunday that the establishment of the GCC Central bank is in its final phases, pointing out that the concerned states which joined the GCC union are implementing this agreement.