Month: February 2009

Ras Al Khaimah promoting ICT

Ras Al Khaimah has embarked upon promoting the use of information and communication technology (ICT) in order to develop a knowledge-based economy to gain an edge over its neighbours. RAK aims to focus on a number of strategic objectives in order to guarantee economic prosperity and stability. Ras Al Khaimah’s strategic objectives, which are central… Read more »

Dubai property, banks and tourism to play major role in future growth

Dubai, as well as UAE’s traditional sectors, such as tourism, property and banking, will play a significant role in its growth for the future. This was highlighted by the Chairman of Deloitte and CEO of Touche Middle East, Omar Fahoum. Fahoum further added that the UAE will have many opportunities in the future for investments…. Read more »

Dubai’s roadshow targets Indian tourists

Dubai, after impressing Mumbaikars for 12 years, will be targeting Calcutta tourists by showcasing its many attractions. Dubai’s department of tourism and commerce marketing promoted the metropolitan desert city on the 18th of February. The director of Dubai’s tourism office in India, Carl Vaz, has stated that the representative office aims to promote the Emirate… Read more »

Ras Al Khaimah rating affirmed by S&P

Ras Al Khaimah’s rating was affirmed by Standard & Poor’s Rating Services on the 18th of February. The ratings services agency confirmed that its sovereign credit rating for the Emirate was “A-1” in the short-term and “A” in the long term. This maintains their position that Ras Al Khaimah enjoys modest liabilities. In addition to… Read more »

Turkish nuclear plants may receive $7 bn Russian investment

Turkey could look forward to a $7 billion investment into its four nuclear reactors, costing a total of $18 to 20 billion, from Russia. This was announced yesterday by the Russian energy minister who was speaking at an energy conference. Sergue Shmatko, the Russian minister, stated that a consortium led by electricity trader, Inter RAO,… Read more »

Turkey welcomes over 1.3 mn tourists this fall

Turkey’s touristic sites demonstrated their popularity once again as they attracted a great number of tourists this autumn after an ever crowded summer season. Economic prices and lingering summer weather made Turkey the preferred holiday destination for tourists. A total of 1,322,195 tourists visited Turkey in autumn, with most of these visitors coming to the… Read more »

Ras Al Khaimah Half Marathon line-up strengthens

Ras Al Khaimah Half Marathon’s third edition is just two weeks away, with its line up growing stronger as significant athletes in the field join. The half marathon has recently accepted applications from Switzerland’s Viktor Rothlin, the fastest marathon runner for Europe in 2008, and Morocco’s Abderrahim Goumri, the sixth fastest marathon runner in history…. Read more »

UK investors of Dubai property benefit by dirham appreciation

UK citizens that are living in Dubai have recorded a considerable gain, attributed by the advance of the UAE dirham again the pound. An industrial expert highlighted that UK investors who bought Dubai property two years ago have benefited from the strengthening dirham against the pound. The properties of these investors are estimated to have… Read more »