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UAE is seeking dynamic role in knowledge-based economy: Ahmed
UAE - UK adopt new mechanism for SME cooperation
e-Maturity report ranks Abu Dhabi top in region, Al-Mansoori
Global honour for four young UAE leaders
Dubai inflation slows to 4 per cent in 2009
Ministry of Economy to implement 2010 strategy in line with the UAE national Charter
Economist Intelligence Unit Quality of Life Index: UAE ranks number one in Mena
UAE inflation among GCC's lowest
Dubai inflation eased to 4.1% in 2009 from 11.3% in 2008
Minister of Economy emphasises the strength of UAE Economy
UAE to forge closer economic ties with Poland
Dubai Department of Economic Development issued 11,635 licences in 2009
Inflation in UAE hits nine-year low
Abu Dhabi to set new growth target
Ministry of Economy reports Dh125 billion in private equity capital

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UAE is seeking dynamic role in knowledge-based economy: Ahmed
Posted on 14/03/2010

New Delhi - The UAE is not only an oil state but is also seeking to play an active and influential role in the knowledge-based economy which determines potentials for progress of nations and their economic prosperity, HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Civil Aviation Authority and Chief Executive of the Emirates Airlines group said here yesterday. "'Here education will have the pivotal role which the UAE makes its the core of its development plans and strategies at ...  >>MORE



UAE - UK adopt new mechanism for SME cooperation
Posted on 14/03/2010

H.E Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, and Lord Davis, British Minister of State for Trade, Investment and Small Business, have adopted an effective mechanism to enhance cooperation in small and medium businesses and exchange experiences and data between both countries, during a meeting held in Emirates place in Abu Dhabi. The step comes within the follow up plan on the UAE-UK Joint Economic Committee held last October in London. Mr Al Mansouri said this mechanism will ...  >>MORE



e-Maturity report ranks Abu Dhabi top in region, Al-Mansoori
Posted on 12/03/2010

In the Abu Dhabi e-Maturity Assessment, which is the most comprehensive ICT assessment on a regional level, Abu Dhabi ranks among the top 35 nations in all indices analysed. The three most common global indices as relates to e-Maturity are the Networked Readiness Index (NRI) by the World Economic Forum, the e-Government Readiness Index by the United Nations (UN) and the ICT Development Index (IDI) by the International Telecommunication Union (ITU). Abu Dhabi Systems and Information Centre ...  >>MORE



Global honour for four young UAE leaders
Posted on 04/03/2010

Four young leaders from the UAE have been honoured as Young Global Leaders for 2010, the World Economic Forum announced yesterday. Reem Al Hashimy, Minister of State of the UAE; Najla Al Awadhi, Deputy Chief Executive Officer, Dubai Media Incorporated (the parent firm of Emirates Business; Nabil Alyousuf, Vice-Chairman of the Board of Trustees, Dubai School of Government; and Riyad Al Mubarak, Chairman of Abu Dhabi Accountability Authority (Adaa) have been recognised for their professional ...  >>MORE



Dubai inflation slows to 4 per cent in 2009
Posted on 04/03/2010

Dubai's inflation slowed to 4 per cent in 2009 from a peak of 10.8 per cent the previous year as price growth in housing and food costs decelerated, according to the latest data released by Dubai Statistics Centre on Wednesday. The global economic downturn ended an oil and real estate-fuelled boom in the Gulf Arab region, slashing consumer price growth from 2008 record highs, with some countries such as the UAE or Qatar experiencing deflation in 2009. Annual price growth in the key housing ...  >>MORE



Ministry of Economy to implement 2010 strategy in line with the UAE national Charter
Posted on 28/02/2010

In line with the directions of H.E. Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, a strategic meeting for executive directors, head of departments and consultants at the Ministry was held by Mohammed Ahmed Bin Abdul Aziz Al Shihhi, Director General of the Ministry, to discuss the mechanisms and plans for implementing the Ministry's strategy for 2010 in line with the UAE national Charter. During the meeting, participants highlighted the major achievements of 2009 and the operational ...  >>MORE



Economist Intelligence Unit Quality of Life Index: UAE ranks number one in Mena
Posted on 21/02/2010

The UAE has been ranked number 1, as the country with the best quality of life in the Middle East and North Africa region in the prestigious Economist Intelligence Unit 2009 Quality of Life Index. Globally, the Quality of Life Index ranked the UAE 15th in the world out of 160 countries evaluated. The ranking reflects the prosperity the UAE has witnessed over the past years and the results of ongoing strategic initiatives introduced by the UAE government across all sectors including the economy, ...  >>MORE



UAE inflation among GCC's lowest
Posted on 17/02/2010

A sharp slowdown in the UAE property sector has reversed several years of a rapid increase in inflation in the UAE, pushing the rate to a nine-year low of around 1.5 per cent in 2009, official data showed yesterday. At 12.3 per cent, the UAE had the second-highest inflation rate in the six-nation Gulf Co-operation Council (GCC) in 2008 after Qatar but now has one of the lowest rates in 2009, according to official figures. Inflation in the UAE and other GCC members had soared to record high ...  >>MORE



Dubai inflation eased to 4.1% in 2009 from 11.3% in 2008
Posted on 16/02/2010

Consumer prices in Dubai fell precipitously as the falling housing and food costs meant that the emirate witnessed its lowest inflation rate in five years, a recently released Dubai Chamber of Commerce and Industry analysis reveals. According to the Dubai Statistics Centre, Dubai's inflation rate stood at 4.1 per cent in 2009 as compared with 11.3 per cent in 2008. Housing, water, electricity and gas price growth, accounting for the largest share of the Consumer Price Index (CPI) weight, ...  >>MORE



Minister of Economy emphasises the strength of UAE Economy
Posted on 15/02/2010

HE Sultan Bin Saeed Al Mansouri, Minister of Economy, said the UAE economy is strong and offers strong investment opportunities across varied sectors including aviation. He also commended the ability of Dubai economy to deal with global challenges. He presented the robust outlook of the national economy at a meeting with the Prime Minister of Bottom Saxony Christian Woolf and an accompanying German delegation. He also invited Airbus, which has an operational base in Bottom Saxony, to ...  >>MORE



UAE to forge closer economic ties with Poland
Posted on 09/02/2010

The UAE Minister of Economy, HE Sultan Bin Saeed Al Mansouri, has hailed the recent visit of a UAE delegation to Poland as a valuable step forward in economic relations between the two countries. Al Mansouri said, "Poland and the UAE share considerable common ground on a variety of important economic issues, and we expect even closer cooperation and more mutual investment opportunities as an outcome of this extremely fruitful meeting. This exercise has underlined the attractiveness of the UAE ...  >>MORE



Dubai Department of Economic Development issued 11,635 licences in 2009
Posted on 08/02/2010

The Dubai Department of Economic Development (DED) announced that the Dubai's economic activities in 2009 continued to surge, highlighting the investors' trust in the economic opportunities available in the emirate and the UAE. The DED issued 11,635 licences for various businesses in 2009. The majority of these were issued in the commercial sector recording a 76 per cent increase, followed by the professional sector (22 per cent), industrial (one per cent) and tourism (one per cent). The DED ...  >>MORE



Inflation in UAE hits nine-year low
Posted on 08/02/2010

The UAE inflation hit a nine-year low of 1.5 per cent in 2009, in line with forecasts, as prices returned to a downward path in December due to a fall in the household category, preliminary data showed yesterday. The global financial crisis ended an oil- and real estate-fuelled boom in the Gulf, depressing consumer prices from record peaks set in 2008, with some countries such as the UAE experiencing temporary deflation in 2009. The UAE's consumer prices fell 0.4 per cent on an annual basis in ...  >>MORE



Abu Dhabi to set new growth target
Posted on 03/02/2010

Abu Dhabi won't reach its growth target of 7 per cent this year, as stipulated in the emirate's 22-year economic plan, said Mohammad Omar Abdullah, undersecretary at Abu Dhabi's department of economic development. "We have to make downward adjustments in terms of the growth," Abdullah said in an interview on Tuesday in Abu Dhabi. "The average growth will be 6 to 7 per cent according to the vision; this will not be the case," he said. He was referring to this year, the department said. The ...  >>MORE



Ministry of Economy reports Dh125 billion in private equity capital
Posted on 01/02/2010

The Ministry of Economy has released figures showing that 131 private equity firms were operating in the UAE at year-end 2009, with capital of Dh126 billion, (Dh116 billion as paid-up capital). According to the report, six companies have increased their capital in 2009 to reach an amount of Dh599 million representing 25% increments. A total of sixty-nine companies with paid-up capital of Dh19 billion were operating across a number of sectors in Abu Dhabi, while Dubai registered 47 ...  >>MORE

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