RAK test floating solar island
Ras Al Khiamah has pledged $5 million to build a prototype for the huge solar panel-covered structures which could transform the development and utilisation of solar energy. Floating islands off the UAE coast could convert solar energy into electricity or hydrogen on a massive scale, the head of project under development in Ras Al Khaimah [...]
Gaelic Football and Hurling visits Dubai
The Dubai Celts GAA Club will play host to the world's largest International Sevens Gaelic Football and Hurling event at the Dubai Polo Grounds and Equestrian Club this weekend. This year's tournament has attracted an international spread of clubs: nine from Ireland, six from London, one from Munich and nine from Asia and the Middle [...]
Greek PM Visits Turkey to Boost Relations
During his three day visit to Ankara, the Greek PM, Costas Karamanlis has called for past difficulties with Turkey to be put aside. The visit is the first of its kind by a Greek leader in almost 50 years, a significant attempt to improve relations between the two countries. Both leaders said that ties had [...]
Finance Minister says Turkey can ride out the Economy Crisis
Finance minister for Turkey has said that the Turkish economy is strong enough to ride out the present global financial crisis. During a press conference in Ankara the Minister said that there was no need for panic or undue concern, as Turkey’s economic structure would be able to overcome external problems. According to Unakitan there [...]
Turkish general insurer TEB Sigorta Acquired by Zurich
General insurer TEB Sigorta A.S. has been acquired from TEB Mali Yatirimlar A.S. by Zurich Financial Services Group for an undisclosed sum, a move which has gained the Swiss insurer a foothold in the Turkish market. TEB Sigorta is one of the fastest growing and most profitable general insurance companies in Turkey and collected premiums [...]