Kuwait granted Lebanon an $85 million loan on Monday to finance the upgrading and rehabilitation of the Zouk and Jiyyeh power plants as part of efforts to overhaul the ailing electricity…
Tag:
Emirates
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The decision by Emirates Airlines to postpone moving its operations to the new Al Maktoum International Airport near Jebel Ali risks letting regional rivals steal a slice of Dubai’s hard-won…
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The decongested streets of Dubai seem strangely incongruent with the message that the federal government of the United Arab Emirates (UAE) would have you to believe — that the effects…
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Earlier this year when Abu Dhabi capitalized five of its own banks, panic spread throughout the Dubai banking sector. Waiting with baited breath, bankers in the ailing emirate anticipated action…
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With the tumultuous ride of 2008 fading, banks in the UAE are unsure of what awaits them in the New Year. Slower growth? Check! Tightened liquidity? Check! A troubled real…
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Up until the second quarter of this year, “growth” was the only word that would come to one’s mind when referring to the UAE’s real estate market. Surging demand, accompanied…
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Ras Al Khaimah (or RAK as it is affectionately known by the sprinkling of expats that have lived and worked there) was the Gulf’s best kept secret—until it positioned itself…