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HuaweiNEW YORK - The United Arab Emirates will be “less afflicted” than other oil producers by falling prices due to its economic diversification, and the credit crisis won’t halt infrastructure spending, the UAE’s ambassador to the US said.
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DUBAI - Continuing its leadership in broadband technologies, Motorola has launched the new update of its innovative Communications Convergence Engine (CCE) — the software behind next-generation TV. The CCE combines the convenience and ubiquity of classic TV with the control and personalisation of the Internet.
ABU DHABI - The Abu Dhabi Vision 2030 document released on Wednesday last has come in as a morale booster amidst the all-pervasive economic gloomy signals, but the real challenge will be in the execution of the remarkable programmes envisaged in it, according to an expert.
ABU DHABI - The decision of the Abu Dhabi Government to encourage the banks in the emirate to tap the opportunities in the regional and global markets, is being perceived by experts as an emulation of the strategy being followed by the ‘national leaders’ in other sectors.
ABU DHABI - The International Petroleum Investment Company (IPIC) has agreed to acquire 70% stake in MAN Ferrostaal from its parent, the Munich-based Man AG Group, it was announced today by IPIC, which is wholly owned by the Government of Abu Dhabi.
ABU DHABI — The UAE is forecast to post a marginal economic growth of 0.5 per cent during the year 2009, the lowest in the Gulf Cooperation Countries (GCC).
ABU DHABI — Abu Dhabi Economic Vision 2030 has identified 11 industrial sectors in which investments will be encouraged, to achieve an annual economic growth of 7.5 per cent. The emirate will rely on investments into the oil and gas; petrochemicals and financial services on which domestic economy is heavily reliant on.
DUBAI — The Emirates Islamic Bank (EIB) on Thursday clarified that the blockage of its credit cards in Russia and Italy is not a new development and the measure was taken a few months ago.
ABU DHABI — In all, 132 solar-related companies will be exhibiting at the World Future Energy Summit (WFES09) to be held here on January 19-21, 2009. This will be in addition to 14 solar experts from around the world showcasing their commercial solar projects which can solve energy demands now and for the future, according to a release received here from the organisers.
DUBAI — Export Development Corporation (EDC), the Dubai Government body charged with promoting exports from the Emirate, has partnered with Dubai World’s Statistics Department to provide local exporters a consolidated framework of statistics and information on Dubai trade.