Private Sector Investments in UAE Could Lead to More Jobs in 2010
Abu Dhabi, UAE : 06 July
The UAE Ministry of Economy has predicted a 9.1% growth in the volume of investments in the UAE this year, according to the Trade Arabia news service. This figure is up 3% on the 6% growth in investment attained in 2009, which was achieved with a 60% contribution from the private sector.
Abu Dhabi’s Emirates Palace played host to the Federations first “Forum of Economic Development Policies.” Amongst the conferences’ objectives was to highlight and integrate those economic policies which are now a top priority, enabling the UAE economy to progress to the “next stage of stage of growth, stability and development,” according to Al Al Shihhi was speaking on behalf of the Minister of Economy, Sultan Bin Saeed Al Mansouri.
Al Al Shihhi re-iterated his Departments’ commitment to executing the strategy of the Federal Government in relation to economic policies and cited the forum as a “positive start” for similar meetings to facilitate “dialogue” on economic policies with local government departments.
Al Shihhi also predicted a 3.2 per cent growth in GDP, fuelled by an adoption of sustainable industrial policies. He added that the “emphasis on economic diversification” has led to an increase of 4.5% increase in the non-oil sector to 71 per cent of the GDP.
Paul Holdsworth, Staff Writer, Gulf Jobs Market NewsSTA Travel has launched a tour for ‘die-hard’ fans to celebrate the life of Michael Jackson, taking in over five continents, and including the Middle East. The tour visits London, Paris, Venice and Athens before arriving in the UAE and Bahrain.
Highlights of this leg of the trip, which STA say will ‘introduce pilgrims’ to the ‘cultural [...]
The Institut Européen d’Administration des Affaires (known as INSEAD) one of the world’s best business schools, has formally inaugurated its campus in Abu Dhabi at an official ceremony held in the presence of Aide-de-camp to the President, Sheikh Omar Bin Zayed Al Nahyan and under the patronage of General Sheikh Mohammed Bin Zayed Al Nahyan, [...]
Dubai’s deputy ruler, Sheikh Mohammad Bin Rashid Al Maktoum has held talks with a delegation from the China Construction Bank, including its chairman, Guo Shuqing.
Reports state that Sheikh Maktoum commended China on its rise in the global economy and indicated that the visit was the beginning of a new relationship between the UAE’s and China’s banking [...]
Skype Announces Bahraini HQ
Skype the popular Voice Over Internet Provider (VOIP) will base their new Middle East Headquarters in Bahrain, one of the few countries in the GCC region to currently allow users to access their service.
The announcement was made at a press conference held by Skype and the Bahrain Economic Development Board, where Skype highlighted Bahrain’s liberal policies, progressive [...]
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