Month: April 2008

Turkey launch power grid auctions

Turkey's Privatisation Administration will launch sale tenders for two electricity distribution networks. Turkey plans the sell offs to finance a large current account gap and the sales are expected to bring in foreign direct investment. The launch of the two new tenders, coupled with the sale of two other grids launched last week, marks acceleration… Read more »

Dubai airport could save $57 million a year while becoming greener

New air conditioning technology developed in the United Arab Emirates could save Dubai Airport at least $57 million a year, and airlines like Emirates $31 million annually, by using electricity instead of fuel to cool aircrafts on the ground. In addition to the huge savings it will also be more environmentally friendly and reduce noise… Read more »

Airbus opens logistics centre in Dubai

European aircraft manufacturer Airbus has opened a logistics centre in Dubai to serve the rapidly growing Middle East carriers, including Dubai-owned Emirates airline. The centre is located in the airport free zone in Dubai. Emirates have ordered fifty eight A380 aircraft and to have a spares centre close to their most important customer for the… Read more »

Dubai awards tram contract to European and U.S. consortium

Dubai has awarded a $1.08 billion contract to a consortium of European and U.S. companies to build a tram network. The Al-Safooh Tram network will include 19 stations in business and residential neighbourhoods in one of Dubai's most modern areas. The tram will serve Dubai Media City and Internet City, the Burj al-Arab hotel and… Read more »

United Arab Emirates Railway to ease road congestion

The proposed national railway is expected to reduce Lorries on roads by almost a third according to the head of the National Transport Authority. It will reduce congestion on motorways which would only get busier with the region’s rapid growth. The planned rail link will carry freight between all seven emirates, from the Saudi Arabian… Read more »

Ras Al Khaimah hopes to remain unique

Sheikh Abdullah bin Mohammed bin Saqr Al Qassimi is the grandson of the 97-year-old ruler, Sheikh Saqr Al Qassimi and has discussed in an interview his views on Ras Al Khaimah. He likes the simpler pace of life in Ras Al Khaimah and hopes that it will remain distinct. Although cranes are beginning to dot… Read more »

Ras Al Khaimah Students perform well in national test

In the United Arab Emirates, Grade 12 students completing the Ministry of Education curriculum, who are hoping to go to a government university, take the Cepa maths test annually. Results have now been announced for the maths tests and both male and female students' maths results have improved on last year. The best results were… Read more »

Bulgaria PM Gets Support from the EU for Cabinet Changes

The Bulgarian Prime Minister Sergey Stanishev has received the support of the President of the European Commission Jose Manuel Barroso for the recent changes in the government. The cabinet reshuffle includes the creation of the special Deputy PM position that is in charge of monitoring and coordinating the absorption of EU funding. The EC President… Read more »