Al Manakh » Gulf in Crisis

Monday, September 6, 2010

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Gulf in Crisis

Al Manakh 2 Launches in Abu Dhabi : May 13

May 10 2010

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Al Manakh Launch in Abu Dhabi

Filed under: Culture, Gulf Cities, Gulf in Crisis, Press Release, Saudi Arabia, Uncategorized

Dubai’s crisis and Jeddah’s disaster!

December 9 2009

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jeddahdubaicrises_5501
An article from today’s Emarat Al Youm. We’ve translated it here for our readers who don’t read Arabic:
by Rashid Mohammad Al-Fozan
translation by Sandra Bsat
photo credit: Mohammed Al Sharif (alsharif at flickr.com)

Filed under: Gulf Cities, Gulf in Crisis, Saudi Arabia, UAE

We are All Emirates

November 12 2009

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we_are_all_emirates

UAE papers reported the launching today of a new media campaign and its logo: “We are all emirates.” Fitting well with Sheikh Mohammed’s recent speech in which he countered the opinion that there are feuds between Abu Dhabi and Dubai, the campaign aims to show that unity is a means of showing an exit from the financial crisis.

Filed under: Culture, Gulf in Crisis

Cityscape turns to ‘reflection’, not promotion

September 30 2009

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cityscape-20081
“Dubai’s top property exhibition, once the stage where multibillion-dollar developments were announced, will be a smaller and more reflective affair this year as the cash-strapped industry licks its wounds.”
photo: Cityscape Dubai, 2008

Filed under: Gulf in Crisis, UAE

Marmooka City, Ajman

August 5 2009

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Marmooka City, a proposed city for the Emirate of Ajman, UAE. The emirate has been the focus of recent discussions about the region’s lack of regulatory systems for development. According to Construction Week, the project has been downsized — from 260 towers to 20.

Filed under: Gulf in Crisis

Cityscape Abu Dhabi Review

April 27 2009

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Last week’s Cityscape Abu Dhabi was the first significant real estate show in the UAE since crisis was considered a force to be reckoned with in the Gulf economic landscape. (read more)

Filed under: Gulf in Crisis

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Kerala Govt warns Dubai firm 2010/09/03
In what projects Kerala as an investor-unfriendly destination, the Left government on Thursday issued an ultimatum to Dubai-based TECOM over no progress being made on the proposed Rs 1,500-crore Smarty City Project in Kochi. The project has run into a roadblock over a land dispute.
Gulf's expats are living the high life 2010/09/03
The third annual report commissioned by HSBC Bank International found finances among expats were generally positive with two-thirds, or 66 per cent, saying they have more disposable income to save and invest since moving abroad.
Maids in the Middle East: Little better than slavery 2010/09/03
Most maids get their jobs through sponsorship systems, so their immigration status is tied to their employer. Employers can repatriate them at will, prevent them from changing jobs and, in Saudi Arabia and Kuwait, stop them from leaving the country.
Saudi Arabia to build € 700 million power station in Syria | Economics 2010/09/03
The project aims at raising the social and economic conditions of the residents, providing necessary requirements for the farmers, benefiting from the Euphrates' water, supporting food stability and security, lowering the level of underground water, reclamation of saline lands, increasing agricultural productivity and providing job opportunities.
Saudi Arabia fails to reduce water consumption in agricultre sector 2010/09/03
In bid for food security, Qatar sows seeds globally 2010/09/03
To help ensure a steady supply of food for the nation’s fast-growing population, the $1 billion (Dh3.7bn) subsidiary of Qatar’s sovereign wealth fund finalised a $500 million agreement last year to grow wheat and rice on 100,000 hectares in Sudan and has announced plans to invest up to $700m worldwide this year.
Iran's Ahmadinejad to visit Qatar 2010/09/03
Unlike other Gulf Arab states which have echoed Western suspicions about Iran's nuclear programme and its ambitions in the region, Qatar has maintained friendly relations.
Qatar pulls out the stops in bid to win 2022 WCup - USATODAY.com 2010/09/03
"It's a historic bid in terms of coming for the first time to the Middle East, a region that is very hospitable, rich and diverse in terms of its culture and has an unprecedented passion for the game," he said. "Bringing it to the Middle East will truly allow football and FIFA to reach its true potential as a culture event."
Moelis circling 2010/09/03
Moelis has made a splash in European restructuring since securing one of its first high-profile mandates in advising the Dubai government on Dubai World. The Dubai theme persists – Mr Aulsebrook joins fresh from a battle with Oaktree over Dubai International Capital’s German alumina business Almatis, which he advised.
Qatar Kicks Companies Out of Neighborhoods as Office Glut Grows 2010/09/01
The government is forcing almost all Qatari businesses based in residential areas to move into commercial districts over the next two years after a state-backed construction boom helped turn an office shortage into a glut.
A dearth of commercial space five to six years ago prompted company owners to move into houses and villas, where rents were lower and room was plentiful. A building push driven by rising values and support from the government of Sheikh Hamad bin Khalifa Al-Thani delivered new office properties to the market just as the financial crisis caused investment to slump in the second half of 2008, saddling the sheikhdom with vacant space.
Qatar Shipping Report Q4 2010 2010/09/01
n our view Qatar's small population size is countered by its consumer spending power, making container shipping a vital part of Qatar's maritime make-up. For the long term of this sector, it is therefore imperative that Qatar has the right transport network in place. The country is investing not only in a new airport and railway network, but also a new port, the New Doha Port, which is due online 2015. The port will offer capacity for 2mn 20-foot equivalent units (TEUs) a year, and considering that throughput at the nation's current port of Doha is estimated at 475,670TEUs for 2010 the New Doha port will offer more than enough capacity for the foreseeable future. It is possible that Qatar will seek to use the new facility for transhipment of containers for other countries in the region.
EXPAT HAVEN! 2010/09/01
BAHRAIN has been ranked third among 100 countries for providing expatriates with higher salaries and greater disposable income and luxuries, according to an annual report.
It lags behind only Russia and Saudi Arabia in HSBC Bank International's Expat Explorer Survey 2010 - Report one: Expat Economics.
Human Rights Watch urges Bahrain authorities to investigate Shiite activists' torture claims | Washington Examiner 2010/09/01
Deal signed for industrial city in Taif 2010/09/01
In a move to boost the process of industrialization and to cope with the growing demand for industrial lands across the country, Saudi Arabia has set up a new industrial city in Taif covering an area of 11 million square meters with all necessary facilities. This was announced by Tawfig Fawzan Alrabiah, director general of the Saudi Industrial Property Authority (Modon), here on Wednesday.
[Lebanon] The Gulf job door may be closing 2010/09/01
Instead of having an outlet in the Gulf, today people might be facing a shortfall in opportunities there, due to simple demographic and economic factors.
If Lebanese politicians want to be on the cutting edge, they need to read the signs, realize the world is changing, and start taking real steps to create jobs. Plan B isn’t what is used to be.