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Last Updated: Thu, Jan 19 2017 | 12:47 PM |

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1

Uber to provide 14,000 Dubai limousine, taxis under new RTA deal

Dubai's transport authority said on Wednesday that it has signed an agreement with ride-hailing app Uber Technologies to explore the development of more affordable taxi and limousine services in the emirate...

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Posted by: George Jan 12, 2017 9:33 AM [UAE]

What has happened to the RTA taxis? It seems they have taken the company back 10 years after a few years of improvements that the market was very pleased with, such as, cleaner cars and an automatic call booking system. Well, the cars are filthy again, the call booking system failed twice on me which forced me to book my taxi with a person who spoke English poorly. I suspect management has changed, all I know is that I am happy to hear Uber is advancing because I may not use RTA taxis again.

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12

Talent acquisition to be key focus for MidEast firms in 2017

Talent acquisition will continue to be a key focus for Middle East-based companies in 2017 with recruiters focusing on quality of hiring, according to a new LinkedIn report.Jobs pertaining to operations...

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Posted by: Srinivas R Jan 11, 2017 1:10 PM [UAE]

In many professional organizations, workload analysis is one of the most closely monitored metrics. There is nothing nebulous about workload analysis and they should be auditable to prevent any falsification of data. Times have changed and it is time to shed the old and battered school of thought and acquire fresh blood and perspective in a fiercely competitive market where tough economic times add to the pressure on organizations to do more wiith less. Obese companies are a huge problem (no pun intended). But that's not all bad news because every crisis creates opportunities. I always believe in the maxim, 'You don't want a crisis to go to waste.' For good or bad, you have to make adjustments to the current economic realities but certainly not by falsifying and tampering with crucial data such as workload analysis.

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4

Tim Clark expects a 'flat' 2017 for Emirates

Emirates president Tim Clark has said he expects a ‘flat’ 2017 for the airline, as external factors impact on its business.The Dubai carrier reported a 75 percent drop in net profit in the first half of...

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Posted by: JRH Jan 11, 2017 8:46 AM [UAE]

Used to be my airline of choice - service experience was excellent and I was prepared to pay the premium over other airlines.

This is no longer the case and thus I haven't used them for a long time. Much better and cheaper options available in the market, something which Mr Clark can't have failed to notice.

He would do well to take action - history is littered with once great companies that failed to adapt to market dynamics.

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1

'No end in sight' to Bahrain's fiscal woes in 2017

Economic growth will slow in Bahrain throughout 2017 and the government will continue to post large deficits as social instability limits opportunities for effective spending cuts, according to new research...

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Posted by: Bahraini Jan 11, 2017 8:42 AM [Bahrain]

The real question is the rate of spending. Please anyone is free to look at the budget in the Ministry of Finance website. Take a look at the ministries spending the most out of the budget and you tell me whether this will result in increased economic activity for the country.
Bahrain has some of the best workforce (in terms of education and attitude) in the GCC/Middle East and yet it continues to lag behind. My fear is that there is too much emphasis on growing jobs, which just end up going to expats, and not enough on local empowerment. The way I see it, the social unrest can be lessened if everyone in the country felt there to be growth.
Everyone and I mean everyone in the country should get and support the leadership and the country as a whole. You can do this by giving good advise when asked and by working to support the image of Bahrain. No country is perfect! believe me we have it better than most.

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2

Revealed: Dubai Harbour, the city's newest mega project

Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Monday launched Dubai Harbour, a new waterfront destination that will feature the MENA region’s largest marina and the Dubai Lighthouse.The mega project...

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Posted by: Peter Sullivan Jan 3, 2017 1:10 PM [Dubai]

Amazing project! This will certainly attract investment and tourists, the palm could certainly do with the footfall. Completion within four years does sound a little ambitious and must be for the first phase only!

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4

Kuwaiti MPs call for the deportation of 100,000 expats annually

Kuwaiti MPs have called for the deportation of one million expats in the next 5 to 10 years - with a rate of 100,000 expats per year -  due to security, economic and social reasons.The decision comes as...

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Posted by: Doug Jan 11, 2017 8:44 AM [UAE]

Until Kuwaiti citizens are prepared to get out there with a shovel to dig a few holes or a mop to clean a few houses, guess what? You're never going to reduce your dependence on foreign workers.

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9

Revealed: Top 12 Dubai Expo 2020 projects

1. Dubai Water Canal ProjectThe $545 million Dubai Water Canal Project will transform Business Bay and connect the area with the Arabian Gulf over three phases that are set to complete October 2016.The...

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Posted by: Nauman Jan 11, 2017 8:46 AM [Pak]

Olga: well they struggle to get the restaurants full since they're killing the middle class, soon i see either labor or the richest with hardly any middle class in Dubai since the cost of living is 3x as compare to 2007-9 where as pay scale has been shrunk to less then half if not 1/3. what you make here is less then what you spend here... they gotta rethink if they want to make it a long-term or just a seasonal tourist spot with 50-100 flashy projects.

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2

DAMAC Properties expects to maintain 25% dividend - CFO

Dubai's DAMAC Properties expects to maintain its 25 percent cash dividend policy for 2016 despite profit declines in the first three quarters, its group chief financial officer said on Sunday.The developer...

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Posted by: Steve Bejoves Jan 10, 2017 9:09 AM [Canada]

Time for another free luxury car giveaway please!

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2

Meet Pavel Durov: Russia's Zuckerberg

Pavel Durov is the entrepreneur behind Vkontakte, Russia's largest social network. He launched the service over a decade ago and watched it grow to upwards of 350 million users. A champion of free speech...

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Posted by: Dzhuana Jan 8, 2017 12:44 PM [UAE]

The global Internet, Media, and Journalists compiled a very clear fake picture of a Russian citizen, just because somebody does not agree with his president/government, that does not mean he does not LOVE his country! Patriotism is an attachment to a homeland. And I don't think Durov would rank himself as "The Russian Entrepreneur" if he did not love his country, and belonging to his country. I hate it when i see a journalist not being objective by writing that Russia's image based on his own opinion.

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3

'Solid expansion' of UAE non-oil business in Q4 2016, says Emirates NBD

Growth momentum in the UAE’s private sector non-oil activity continued to strengthen in December 2016, driven by improving economic conditions, according to Emirates NBD.Output rose at the “sharpest” pace...

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Posted by: Red Snappa Jan 8, 2017 8:09 AM [Ireland]

I am not sure how this PMI survey works, it is obviously based on companies large enough to employ a Procurement Manager? But how does it take into account the significant non-oil sector element made up of SMEs who obviously generate trackable government PMI revenues in terms of trade license renewal, visa services, vehicle licensing and office rents, especially in freezones? i.e how does SME upcoming business intake, deemed an important economic pillar, come into the PMI picture?

Certainly tough market conditions continue at this end of the business activity spectrum, thus does PMI reflect a realistic picture overall? And if so, how does this work, does the bank research unit balance out it's data with some kind of an SME report or simply rely on the government revenues described above as the indication of business health conditions?

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