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Last Updated: Mon, Oct 20 2014 | 3:55 PM |

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UAE launches plan to be 'among the most innovative nations in the world' within 7yrs

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, on Sunday launched a new strategy to make the country one of the world's most innovative within seven years.Announcing...

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Posted by: Jim Gilchrist - CAES Oct 20, 2014 7:55 PM [Canada]

Dubai’s intention to be ‘among the most innovative nations in the world’ is admirable. Beyond the continued development of technical skill competency, sustainable success will only occur when non-technical ‘thinking capability’ is further developed at the societal, organizational, managerial and individual levels as well. By encouraging a ‘growth-mindset’ at each level, where ongoing learning, development and progression are ingrained, the resultant culture of innovation will provide a more widespread foundation from which innovation can flourish. Whether making concrete improvements to existing processes or products, or creating totally new approaches, effective innovation will come from thinking, and acting, in different ways. Dubai is well on its way.

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Former Qatari PM eyes top UN position

A Qatari former Qatari prime minister and minister of foreign affairs is believed to be in the running to take over as Secretary General of the United Nations when Ban Ki-Moon steps down in 2016.According...

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Posted by: Doug Oct 20, 2014 7:54 PM [UAE]

You make it sound like it's a charitable act. It's just business. It's not as if Qatar doesn't get something in return for paying Brits to work and it's not as if the British economy would collapse or Britons would starve to death if it wasn't for little ol' Qatar. And none of this negates the accusation you take issue with either.

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StanChart set to close bank accounts of thousands of UAE small businesses

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money...

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Posted by: Red Snappa Oct 20, 2014 7:54 PM [Ireland]

The issue is will local banks be prepared to take on the sudden deluge of SMEs without banking arrangements in 30 days, they too are in the same profit making dilemma.

If Standard Chartered are not prepared to support this layer of UAE commercial society as well as well as take the cream, they should have their commercial retail banking licence revoked altogether and become a pure investment banking operation!

Utterly reprehensible relationship management practice.

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Saudi airports rated worst in the Middle East

Saudi Arabian airports have been ranked the worst in the Middle East in an online survey.Three Saudi airports were included in the top five worst in the region, compiled by readers of the Canadian website...

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Posted by: Paul Oct 20, 2014 7:53 PM [UAE]

The best is to avoid as much as possible to set a foot in KSA airports.
It’s unbelievable a country with so much free money and no ability to develop first world facilities or infrastructures!
The experience I had in Jeddah airport reveals the hopeless status of the country. The day oil and gas becomes obsolete, KSA will be another Yemen.

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We "forgot about the food", admits Just Falafel boss

Just Falafel founder and MD, Mohamad Bitar, has responded to criticism of the fast-food brand by issuing a statement on the Arabian Business comments board, admitted the company "forgot about the food...

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Posted by: Bassam Oct 20, 2014 4:29 PM [Uae]

I tried it once , and that was it.

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6

Dubai house prices, rental growth slows for third straight quarter

Dubai's real estate sector witnessed further stabilisation and a slowing down of both rental rates and sales prices in the third quarter of 2014, Asteco said in a new report on Sunday.The real estate consultants...

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Posted by: Red Snappa Oct 20, 2014 4:29 PM [Ireland]

It is a question of here we go again, global financial situation deteriorating, only this time the oil price is well down and there is a plethora of conflict across the Middle East region, stretching from Syria through Iraq and Yemen, with the prevalent belief that nowhere is totally immune from side effects.
Add the tragedy of the Ebola epidemic in Africa and several million penniless displaced citizens of Arab nations as a result of the above conflict and the picture is grim.
No real effort has been made to stop speculators buying and short order reselling multiple properties on the second real estate band wagon, as in the imposition of totally onerous off-plan resale terms during the build cycle. The only way to create a steady market with some immunity.
Therefore outlandish price increases have become normal again, overheating a market that is totally susceptible to what is happening economically in the rest of the world.

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Micky Jagtiani tops list of Gulf-based rich Indians

Middle East retailing king Micky Jagtiani has been named the richest Indian in the Gulf by Forbes magazine.Seven Gulf-based Indians are included in the latest global ranking of rich Indians, with Jagtiani...

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Posted by: Arnab Oct 20, 2014 4:28 PM [UAE]

This is the reason we Indians, in spite of having all the ingredients for success, command (perhaps) less respect than we deserve. The day we truly unite, we can rise to entirely different levels.

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Interview: RP Group's Dr Ravi Pillai

Dr Ravi Pillai likes a good view. We are at the 106th floor of the Burj Khalifa, inside his fabulous four-bedroom apartment, surveying the Dubai skyline.“That’s it there,” he says, pointing excitedly to...

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Posted by: Haresh D. Oct 20, 2014 2:20 PM [Iran]

Dear Mr Pillai,
Quite an astonishing history of events.
May the LORD keep U Blessed and always willing to promote the causes of the poor.

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Kuwait forecast to be one of fastest growing aviation markets

Kuwait will be one of the first fastest growing aviation markets over the next 20 years when the Middle East will see an extra 237 million passengers, according to a new report by the International Air...

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Posted by: Kevin Quinn Oct 20, 2014 2:21 PM [Kuwait]

The only reason kuwait will be busy is due to the deportation of expats for reduction in labor sexual harassment, littering or just cause the Kuwaiti government doesn't like you
Another stack of info to make it look good
PR
Like investment and anything else
We forget kuwait is one of the unfriendliest countries where government interferes in everything

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UAE plans upgrade to construction site drones

The UAE's Ministry of Labour has signed a cooperation agreement with Higher Colleges of Technology (HCT) in Dubai to develop a drones project used to inspect local construction sites.Under the agreement...

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Posted by: abdul hafeez sheikh Oct 20, 2014 12:16 PM [Pakistan]

This will make UAE as one of the most labour friendly country

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