Thursday 2 October 2014

Dubai World Central set to reinvent air travel

Thinking big has never been a problem for the rulers of Dubai. Back in 2005, when fewer than 24 million passengers used Dubai International Airport (DXB), the emirate unveiled plans for a six-runway hub at Jebel Ali, southwest of the city, that could handle up to 120 million people each year.


Global spa, wellness industry touches $3.4 trillion

A growing middle class and consumers' evolving attitudes toward health and travel have fuelled a global spa and wellness industry worth an estimated $3.4 trillion in 2013, according to a new report. Nutrition and weight loss, preventative and personalized health, complementar


Syria raids show Saudi, UAE plan to extend regional might

The decision by Saudi Arabia and the UAE to join air strikes in Syria reflects an increasingly muscular foreign policy by the Gulf Arab heavyweights that has already started to reshape the balance of power in the Middle East. With Egypt, Syria and Iraq - where the Arab world'


Diversification to drive UAE economic growth

The diversification policy of the UAE constitutes an important pillar of the economic performance as it reduces the dependence on oil and supports the real sector, said an industry expert, projecting a 5 per cent economic growth in 2014. “The UAE economy remains solid on th


Funds to slow Saudi stock buying, bullish on UAE

Middle East funds have become less bullish about Saudi Arabian stocks after the market surged in recent months, while the flotation of the malls unit of Emaar Properties is reviving interest in the UAE. Seven per cent of respondents in the latest monthly Reuters survey of 15 lead


Dubai flexes legal muscle as financial court expands

A landmark ruling by the court system in Dubai's financial free zone suggests the emirate is starting to influence the way international business disputes are resolved in the Middle East, partly taking over that role from London and New York. Last month a court in the Dubai I


Advanced manufacturing 'can speed up growth in Mideast'

Three fundamental forces - advanced manufacturing, industrial internet and the use of collective intelligence of people - can unlock the true growth potential of the Middle East, North Africa and Turkey (Menat) region, a GE research says. At the special meeting of the World Econo


Airlines fly slower to cut fuel bill

Higher oil prices have had a traumatic effect on US airlines, forcing carriers to re-examine every aspect of the way they do business in a bid to control costs.   Between 2002 and 2012, the price of jet fuel quadrupled from 70 cents per gallon to over $3. Fuel b


Is social business the new trend in the Middle East?

While nearly two thirds of companies worldwide find social business initiatives are positively impacting their business outcomes, maturing organisations in the Middle East say that it represents an opportunity to fundamentally change the way their businesses perform, a report said.


Investing in human resources

Japan, Korea, Taiwan, Singapore, Dubai and even India (the knowledge economy) have clearly demonstrated as countries that have economically prospered in the last 25 years or so due to their high level of human resources and management competencies, said an industry expert. &ldquo

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