Global Competitiveness Report ranks UAE among top ten countries in 18 competitiveness indicators
The Global Competitiveness Report 2010-2011 issued by the World Economic Forum ranked UAE 25th in the world for competitiveness, with the UAE being included for the second year in the third and most advanced stage of Innovation-driven economies which includes the highest-ranking countries, classified on the basis of their adoption of factors that promote innovation in economic development.
2010-09-09, 08:00:00

IT firms profit from banking sector's increasing demand for risk assessment
IT firms involved in the Middle East banking sector may have feared the worst for their business when the economic slump hit, but those inside the industry say in the long term, banks need their business more than ever.
2010-09-09, 03:18:58

Realestate.com.lb signs partnership deal with MSN Arabia
Realestate.com.lb, the leading Lebanese real estate directory, announced, beginning summer 2010, signing a partnership deal with MSN Arabia to support the Lebanese real estate market.
2010-09-09, 03:16:50

Inauguration of A. Lange and Söhne precision watchmaking exhibition
His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum inaugurated the highly anticipated A. Lange & Söhne fine watchmaking exhibition on 8th September 2010, at Dubai Mall. The opening ceremony was also attended by Abdulmagied Ahmed Seddiqi, Chairman and Mohammed Abdulmagied Seddiqi, Vice President Sales & Retail, Ahmed Seddiqi & Sons, and Daniel Rogger, International Director and Matthieu Dupont, Middle East Brand Manager, A. Lange & Söhne.
2010-09-09, 02:41:14

HRH Crown Prince to be official patron of international aluminium trade event
His Royal Highness the Crown Prince and Deputy Supreme Commander of the Bahrain Defence Force, Prince Salman bin Hamad Al Khalifa will be the official patron of the 25th International Aluminium Conference, which will be held from September 20 - 22, 2010 at the Gulf Hotel Bahrain.
2010-09-09, 02:12:10

Latest research findings show that CIOs across EMEA demand simplified unified networks
In a bid to increase network performance, simplify management and enhance business efficiency, more than three-quarters of enterprises across Europe, the Middle East and Africa (EMEA) are looking to consolidate their existing IT infrastructure in the next 12 months, according to new research commissioned by Brocade.
2010-09-09, 01:49:33

Abu Dhabi to commence road upgrades
The municipality of Abu Dhabi has announced the Hazza Bin Zayed Al Najda Street intersection will be closed on September 11 to facilitate construction work on Al Salam Street, Wam has reported. Al Salam Street Project includes upgrading the existing road to an urban expressway with a network of roads and tunnels that will lead to a smooth free-flow facility of an estimated capacity of 6,000 vehicles per hour on each direction.
2010-09-09, 01:42:59

Pullman Hotel opens in Dubai
Accor Hospitality Middle East has opened its first Pullman hotel in the region, the Pullman Dubai Mall of the Emirates. The 24-storey luxury development features 481 guest rooms including 94 suites, two restaurants, pool and spa lounge, 800 sq m of meeting space, nine rooms with individual pre-function areas, board rooms, and several venues for cocktail receptions and creative breaks, two indoor swimming pools with one lap pool as well as a Jacuzzi.
2010-09-09, 01:40:59

Orascom Development set to build $245m Four Seasons Hotels
Egypt's Orascom Development plans to build two Four Seasons-branded hotels, one in Egypt and the other in Oman, by second-half 2011 for a total investment of $245m, Reuters has reported. The first hotel, which will be in the Red Sea resort of El-Gouna, is to cost $85m and will have a capacity of 150 rooms and 60 villas, while the second property is expected to cost $160m with a capacity of 200 rooms and 75 villas.
2010-09-09, 01:36:47

Market for smart phones to grow 55.4% in 2010
The global market for smartphones is expected to grow 55.4% in 2010 amid greater-than-expected demand for smart handsets, according to IDC. The forecast is 10% higher than the previous forecast by the market research firm, which now expects 269.6 million smartphones to be shipped by this year compared to the 173.5 million units shipped in 2009. The outlook for 2011 is also very strong, when the smartphone market is expected to grow 24.5%. However, IDC cautioned that smartphone growth will decline progressively over the course of its five-year forecast period to 13.6% in 2014.
2010-09-09, 01:31:17