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| A comprehensive guide
to current and future events and exhibitions in the UAE |
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Valuable concise reference source on the UAE,
covering political system, economy, business, history and heritage,
education, women, healthcare, tourism and environment. |
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Natural history of the UAE,
covering all animals and plants recorded in the Emirates. |
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Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. |
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THE ECONOMY - ECONOMIC DEVELOPMENT
 Abu Dhabi DPE launches e-gate service
Posted on 15/07/2008
The Abu Dhabi Department of Planning and Economy (DPE) yesterday launched an online e-gate to upgrade performance and support ongoing five-year strategy for development in the emirate. The website-like gate includes information windows, which hopes to upgrade efficiency, ensure better co-ordination among DPE employees, update their data on Abu Dhabi's development strategy and enable them to serve the public better. DPE officials said the electronic gate is the latest in a series of initiatives
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 UAE reaffirms 7.4% real growth for 2007
Posted on 10/07/2008
The UAE Ministry of Economy yesterday reaffirmed that the real economic growth during last year had stood at 7.4 per cent. It denied reports that it had downgraded the growth rate. "The Ministry has not released any new report about economic growth in the country other than it issued in last March in which it set real economic growth at 7.4 per cent in 2007 compared to 2006," said Rashid Al Suwaidi, Assistant Undersecretary for Planning and Statistics.
An agency report said the ministry had
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 Abu Dhabi Economic Development Council calls for measures to streamline investments
Posted on 03/07/2008
The Abu Dhabi Economic Development Council has called for new but stringent measures to streamline local investments in a manner that would curb the operations and existence of bogus investment companies.
In a report released in Abu Dhabi yesterday, the council stressed the need for concerned authorities to create robust investment machinery so as to stop investors falling prey to investment rackets.
The report was prompted by a recent case unveiled by the Abu Dhabi police in which an "owner"
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 Al Mansouri calls for closer ties with Mediterranean countries
Posted on 02/07/2008
Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has highlighted the importance of greater co-operation between the GCC and Mediterranean countries at the 6th edition of the Euro-Mediterranean Annual Conference held in Milan. The event was attended by several international dignitaries including Franco Frattini, the Italian Minister of Foreign Affairs. Al Mansouri was the primary speaker at the opening session of the conference.
He stressed on the importance of the Euro-Mediterranean
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![]() UAE inflation to stabilise, no plan to revalue dirham
Posted on 30/06/2008
Inflation in the United Arab Emirates, which pegs its currency to the dollar, is stabilising and likely US interest rate hikes will lift the ailing greenback, the UAE central bank governor said on Sunday.
Speaking to Reuters on the sidelines of the annual central bankers' meeting in Basel, Sultan Nasser al-Suweidi said Gulf Arab oil producers are "very firm" concerning their dollar pegs and have no plans to revalue their currencies. Inflation in the UAE hit 11.1 per cent in 2007, its highest
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 Minister of Economy arrives in Algeria
Posted on 24/06/2008
Minister of Economy HE Sultan bin Saeed al Mansouri arrived in Algeria on Monday heading UAE delegation to participate in the sixth meeting of the UAE-Algeria joint committee due to start tomorrow in the Algerian capital. Upon arrival, Al Mansouri and the accompanying delegation were received by the Algerian Finance minister Kareem Judi, UAE ambassador to Algeria Ahmed Mahmoud al-Housni, Algerian ambassador to UAE Hamid Chabira and other officials.
In a statement made to media persons shortly
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 DPE announces initial results of family, income survey
Posted on 24/06/2008
Spending on rents, fuel and energy in Abu Dhabi emirate devours 34.46 per cent of UAE national or an expatriate family income annually. Butti Al Qubaisi, executive director for planning and statistic affairs at the Department of Planning and Economy (DPE), said at a press conference held Monday that the transport and communication take 19.59 of family spending, while food, drink and smoking constitute 14.91 of the income annually. Spending on commodities and other services represents about 10.3
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![]() Strong wealth fund growth boosts UAE fiscal stability
Posted on 24/06/2008
When oil prices were as low as US$10-20 a barrel two decades ago, the UAE seriously considered borrowing from the local market to finance its swelling budget deficit. But the plan was shelved in favour of painful spending cuts. Such reductions, however, could not be maintained for a long time because of the rising domestic development needs and a seven per cent growth in the population. As a result, the deficit in the country sharply widened.
Yet authorities still never considered borrowing or
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 Expat influx benefits economy
Posted on 18/06/2008
The influx of expatriates into the UAE is benefiting its economy and is expected to gain momentum in the coming years because of an economic upswing, according to a semi-official study. Foreigners currently outnumber the UAE national population by nearly four to one and their presence here has turned the Gulf oil producer from a tiny country into a middle-sized nation on par with Denmark and other medium European states, said the study by the state-run Emirates Industrial Bank (EIB).
The study
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 ADCCI participates in the Arab-Turkish economic Forum
Posted on 16/06/2008
Chairman of the Abu Dhabi Chamber of Commerce and Industry (ADCCI) Salah Salem Al-Shamisi has called on the Turkish industrialists to invest in the emirate of Abu Dhabi.
Speaking at the 3rd Arab-Turkish Economic Forum, which concluded in Istanbul yesterday, Al-Shamsi said that the Abu Dhabi provides several incentives to investors and businessmen to start industrial ventures in the emirate. He called on the participants to benefit from the economic boom and the diversification drive being
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![]() ADCED publishes survey results on country's economy
Posted on 09/06/2008
The Abu Dhabi Council for Economic Development (ADCED) said that UAE has achieved substantial progress in 'pioneering projects', thus attaining a higher position on the global level during last year. A survey carried out by ADCED on projects of this category around the world during 2006 and 2007, proved that UAE went up the ladders in several areas of sustainable and pioneering projects in comparison to 42 other countries. The Council has published the survey results in its weekly report. –
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![]() ADCED launches strategic plan
Posted on 21/05/2008
Abu Dhabi Council for Economic Development the council launched its strategy plan for 2008-2012. The strategy comes as part of the 2030 economic vision for the Emirate of Abu Dhabi. The council was established to facilitate economic diversification and growth through greater understanding, cooperation and engagement between the public and private sectors of Abu Dhabi.
ADCED Vision concentrates on private and public partnership to accelerate Abu Dhabi's positioning as a sustainable and
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 Abu Dhabi unveils 5-year strategic plan
Posted on 14/05/2008
The Abu Dhabi Department of Planning has unveiled a five- year strategic plan aimed at attaining an even greater economic growth in the emirate.
Speaking at a press conference yesterday, Nasser Ahmed Al Suweidi, Chairman of the Abu Dhabi Department of Planning said: "In line with the vision of President HH Sheikh Khalifa bin Zayed Al Nahyan, the Emirate of Abu Dhabi is keen to achieve the highest possible indices of economic growth. This strategic plan is set to stimulate growth in various
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 Abu Dhabi's US$105 billion economy could triple by 2025
Posted on 12/05/2008
The US$105 billion economy of Abu Dhabi, the world's fifth-largest oil producer, could triple in value during the next 17 years, underpinned by energy sales and investment, state-owned Emirates News Agency (WAM) reported. Gross domestic product could surge to US$300 billion by 2025, the emirate's Department of Planning & Economy said in a report, according to WAM on Saturday. Oil accounts for 59 percent of GDP, and GDP per capita is US$74,000, the second-highest in the world, WAM said. "A
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 RAK GDP grows by more than 50 % over the last four years.
Posted on 28/01/2008
Ras Al Khaimah's Gross Domestic Product (GDP) has grown by more than 50% over the last four years and the fast- growing emirate, riding a wave of massive inward investments, is expected to clock an annual growth rate of over 15% in the next few years, Ras Al Khaimah Investment Authority (RAKIA) announced at the Ras Al Khaimah Conference 2008 which started off at the Al Hamra Fort Hotel here today.
Delivering the keynote address at the conference, Dr. Khater Massaad, Advisor to RAK Crown
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