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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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THE ECONOMY - DOMESTIC INVESTMENTS
 IPIC assumes majority ownership of Aabar
Posted on 24/03/2009
The International Petroleum Investment Company (IPIC), a Government energy investment fund, has assumed majority ownership of Aabar investments a day after the firm bought a stake in one of the world's largest carmakers.
IPIC converted the second tranche of a Dh6.6 billion (US$1.79) bond it bought from Aabar in September, increasing its ownership stake from 36 per cent to 71 per cent, Aabar said in a statement.
IPIC's full conversion of the bond will boost Aabar's capital pool hours after it
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 Investments in UAE industries reach Dh77b: report
Posted on 28/01/2009
The UAE has recorded strong growth in the industrial sector with total volume of investments reaching Dh77 billion in 2008, according to the UAE Ministry of Economy Annual Industrial Report 2008, announced yesterday. There are 4,219 industrial units in the country, which employ over 318,000 people.
The Annual Industrial Report 2008 focuses on the performance of industries and highlights the growth from 2004 to 2008, categorised according to sectors and geographical location. Compared to 2004,
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 Property investment at Dh180 billion in 2008
Posted on 28/01/2009
Abu Dhabi attracted nearly Dh180 billion in real estate investment in 2008 but such projects have failed to push prices down because of strong demand, the Abu Dhabi Department of Planning and Economy (DPE) said yesterday.
Despite the global financial crisis and the ensuing decline in commodity prices worldwide, rents and property prices in the emirate remained high and the market could start to stabilise only within four years, said Ahmed Al Fayeq, an economic researcher at DPE.
In a lecture
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![]() KFSME provided Dh246m fund to 154 projects in 08
Posted on 30/12/2008
The Khalifa Fund to Support and Develop Small '&' Medium Enterprises (KFSME) has granted a total of Dh 246 million in funds for 154 projects during the year 2008.
A report released by the Fund yesterday said that the year 2008 saw a gesture by General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces, who issued directives to raise the Fund's capital from Dh 300 million to Dh 1 billion.
After its inception in June 2007, the KFSME
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 Strong growth in UAE healthcare sector
Posted on 18/12/2008
The UAE's healthcare sector is showing robust growth and is poised to attract more foreign direct investments (FDI) in the near future, the Dubai Chamber of Commerce and Industry said.
In its report released yesterday, the Dubai Chamber said the pharmaceutical market in Dubai alone is expanding, with the exports of pharmaceutical products reaching Dh84.4 million in 2007, compared with Dh56.4 million in 2005.
The value of re-exported pharmaceutical products also grew from Dh179 million to
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 DIFC announces launch of fund targeting investment in UAE's real estate sector
Posted on 05/10/2008
DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), announced yesterday it is launching, through its real estate arm, a real estate fund that will invest in Dubai and the UAE's real estate sector.
The move reflects the great potential of the UAE's real estate sector which has seen unprecedented growth over the past five years. The segment was the biggest contributor to the UAE's economy last year, accounting for eight percent of the country's GDP. It
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 Investments into Abu Dhabi set to reach Dh1 trillion
Posted on 02/06/2008
Abu Dhabi has attracted nearly Dh300 billion in cumulative investments over the past five years and the capital is projected to triple to more than Dh1 trillion in the next five years, semi-official data showed yesterday. But the total value of projects to be carried out in the emirate could exceed Dh1.3trn in the next few years and more than half of them would be in the construction sector, said the Abu Dhabi Chamber of Commerce and Industry.
In a 50-page report on Abu Dhabi's economy, the
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![]() Nakheel lists world's largest sukuk on DIFX
Posted on 15/12/2006
Nakheel yesterday listed the world's largest sukuk (Islamic-compliant bond) on the Dubai International Financial Exchange (DIFX).
The listing confirms the DIFX's stature as the largest exchange in the world for sukuks by listed value.
The listing brings the value of sukuks on the DIFX to $7.63 billion, nearly twice as much the total on any other exchange. This also raises the value of sukuks on the DIFX to 44 per cent of the total listed on all exchanges globally. The DIFX is also home to
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 Investment hits Dh100b in Ras Al Khaimah zone
Posted on 22/11/2006
Foreign and domestic direct investment in Ras Al Khaimah has so far reached Dh100 billion, a top official said.
"Based on the total value of all the ongoing projects and the announced ones, we can easily say that investment has reached nearly Dh100 billion," Oussama Al Omari, director-general of the Ras Al Khaimah Free Trade Zone (RAKFTZ) told Gulf News on Monday.
"We have already registered 2,400 companies with the free zone," he said.
This year, we are going to record 100 per cent
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 RAK targets Dh5 billion more investment this year
Posted on 08/10/2006
Ras Al Khaimah will receive new investments worth Dh5 billion by the end of the year, taking the total investment in the emirate over the past two years to Dh20bn, a senior official said yesterday. "The economic agenda of the RAK Government is to promote investment, give facilities to investors and develop economic sectors through the launch of promising and straightforward projects,ā€¯ Izzat Rashid Al Dajani, Chief Executive of the RAK Government's Investment and Development Office, told Al
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![]() Abu Dhabi sets up new council for investments
Posted on 13/06/2006
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued a law establishing the Abu Dhabi Investment Council. The council will replace the Abu Dhabi Investment Authority and all its investments will be tax-exempted.
Sheikh Khalifa issued Law No. 16 of 2006 on the establishment of the council, which shall have an independent corporate body and full civil competence, as well as financial and administrative independence.
The council, which will be under the command of the Ruler
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 Amlak sets up Dh500 million investment arm
Posted on 10/05/2006
Amlak Finance PJSC, a leading Islamic finance company, yesterday announced the setting up of Amlak Investments, with an authorised capital of Dh500 Million as a wholly owned subsidiary of Amlak Finance PJSC. Amlak Investments will focus on the various investment opportunities across a diverse range of sectors in the UAE, GCC and overseas given the current economic boom.
The new company will target the following areas: finance, insurance, manufacturing & industrial developments, brokerage
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![]() UAE domestic investment crosses Dh500b
Posted on 17/12/2002
The UAE has pumped at least half a trillion dirhams into infrastructure and other projects over the past 10 years to maintain growth and turn gross domestic product into one of the highest economies in the Middle East, official figures showed. The gross fixed capital formation, which includes public and private investment in development, crossed that figure this year, and Abu Dhabi and Dubai emerged as the key investors, pumping around 83 per cent of the total capital, the Planning Ministry
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