Month: July 2008

Ras Al Khaimah Free Trade Zone’s Flexi-Desk

Ras Al Khaimah Free Trade Zone is plugging into the huge business potential of new companies that are planning to start operations in the United Arab Emirates and are looking for economical options. According to a study conducted by one of the leading consulting firms in the UAE, Ras Al Khaimah is one of the… Read more »

Al Khaliji Bank acquires BLC Bank assets in RAK and other emirates

Al Khaliji Bank through its acquisition of the UAE assets of BLC Bank will be able to spread its wings over four emirates – Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah , where BLC Bank has one branch each. Al Khaliji Bank CEO David Proctor on whether any more acquisitions were in the pipeline… Read more »

Summer science activities in the UAE

The Arab Youth Venture Foundation, founded in Ras Al Khaimah , kicks off its Summer S.T.E.A.M (Science/ Technology/ Engineering/ Aerospace/ Maths) activities for youths aged 3 to 18 on July 31st, running through the month of August. Activities include non-stop fun stations by MadScience, shows and science booths as well as NASA's Mars Drop Zone,… Read more »

Boost for Turkey’s markets

Turkish bonds gained the most in two years and stocks also surged after Prime Minister Recep Tayyip Erdogan's party escaped a ban in Turkey . The decision will provide political stability in Turkey, which is an important factor for the financial markets. Erdogan's government has presided over record economic growth and foreign investment in Turkey…. Read more »

Solar energy systems in sunny Turkey

Tunçmatik is hoping to play a larger role in Turkey's energy generation market with its new Powergie brand. With "photovoltaic" technology that produces electricity from sunlight, Powergie aims to produce reliable low-cost renewable energy for the Turkish market. “ Turkey is the second-best country in Europe in terms of solar energy potential” Tunçmatik Chairman Mehmet… Read more »

Turkey’s Parliament decorates Professor with Honorary Award

The Turkish parliament has honoured Halil Inalcik, a professor in history, with an honorary award. Prof. Inalcik was born in Istanbul in Turkey in 1916. He graduated from the Faculty of Languages and History-Geography (Faculty of Letters) in 1935. Inalcik can speak English, German and French. He received a doctorate from the universities of Bogazici,… Read more »

Dubai investment property rental prices soar

Rental prices in Dubai are continuing to rise across the board as demand in the city far outstrips supply. The continuing influx of new arrivals, estimated at 400,000 per year means that landlords can make very healthy returns on their investment . Every community in Dubai, and every type of accommodation within these areas, has… Read more »

Dubai looks to alternative energy sources to meet rising demand

The UAE will join the ranks of nations generating nuclear power for peaceful purposes. Already plans are in place to meet the economy’s surging power need by building three nuclear reactors. Industry experts predict the UAE will cut its dependence on natural gas and oil for electricity generation by 2020, and turn instead to nuclear… Read more »