"Certain buildings take on iconic status, like the Eiffel Tower and the Empire State Building, instantly recognizable and instantly associated with the city that they are placed in," Sang said.
But Sang admitted that he did not expect Burj Dubai to remain the tallest building in the world forever.
World's tallest tower rising in Dubai(AFP)
Posted by grapeshisha at 9:40 PM
Posted by grapeshisha at 12:45 AM
IT’S A ROOM with a view, for sure — just not a very pretty one. To my right are cranes, lots of them. It’s difficult to count them in the heat haze, but I get to about 20, each hanging over half-built, Benidorm-style apartments on a stretch of land jutting out to sea.
To my left are yet more cranes and a gigantic pit of a building site, where a hotel is about to sprout. Yellow diggers are churning earth and beeping as they reverse. Directly below is a dusty lot in which a dozen giant cable spools and old coils of wire are scattered, looking like some kind of post-modern abstract art.
Dubai, as any visitor to the fastest-growing tourist destination in the world soon discovers, is a land of cranes . . . and statistics.
Sometimes the persepctive of returning after a while, gives you a better picture than seeing the changes that sometimes feel like the ststaus quo.
Dubai still on a roll
Posted by grapeshisha at 12:40 AM
It promises to be the epitome of Dubai glitz: a golf course cum ski resort rising from the desert sand, complete with towering glass and chrome conference buildings, exclusive shopping streets, luxury hotels, fake beachfronts, giant water parks and millionaires' gold-encrusted villas. But Emaar, Dubai's largest property group, isn't building this Arabian oasis anywhere near the United Arab Emirates. This is Oukaimeden—in Morocco. It's also a mirror image of what Dubai's three massive property pioneers—Emaar, Dubai Holding and Dubai World—are building in Syria, Pakistan, Jordan, Egypt, Lebanon, Libya, Turkey and half a dozen other developing countries around the world. Welcome to the places real-estate experts call "The New Dubais."
Dubai's Glitz Goes Global
Posted by grapeshisha at 12:33 AM
Here's a typical question:
Gulf News: Will the Dubai model work elsewhere?
Jeffreys: I believe so. First, you have these huge funds. When you talk about diversification, Dubai is a case study in itself - it has tried to make itself a major player in so many areas - real estate, tourism, high-tech and increasingly in education and health. These large real estate projects-sort of mixed use developments that we see here which are upscale residential buildings with swimming pools, golf courses, shops, marinas-you haven't seen in the Levant or North Africa until now. Two years ago, Dubai Holding was not known in Morocco. With its announcement this year of massive investments in large real estate projects in Morocco, Dubai is aggressively pursuing investments abroad. It is also looking at Tunisia and other parts of the Middle East. Also, they are investing in different projects in Pakistan, India and China.
Certainly, the Dubai model has evolved over the very short time it has been in existence.
Evaluating the Dubai model
Posted by grapeshisha at 3:45 AM
And Eid, that year, was less of a celebration than it usually is. Spare a thought during the Eid festival and on November 2nd. Without Sheikh Zayed, the UAE would be nothing.
Posted by grapeshisha at 10:09 PM
So I was swimming naked. It was broad daylight, but I figured the private infinity pool behind our private bungalow in this exclusive desert resort was private enough. No one's going to see me but my wife, and she was napping.
But I sensed a pair of eyes watching me as I floated in the pool. I looked around and quickly spotted the peeper. He was hiding in a broom bush......
Dubai eco-tourism: Champagne and strawberries in the desert
Posted by grapeshisha at 10:06 PM
Schumacher given an island by Dubai prince
Posted by grapeshisha at 9:56 PM
There's less - and more - to race than meets the eye:
1. Race is a modern idea. Ancient societies, like the Greeks, did not divide people according to physical distinctions, but according to religion, status, class, even language. The English language didn't even have the word 'race' until it turns up in 1508 in a poem by William Dunbar referring to a line of kings.
2. Race has no genetic basis. Not one characteristic, trait or even gene distinguishes all the members of one so-called race from all the members of another so-called race.
3. Human subspecies don't exist. Unlike many animals, modern humans simply haven't been around long enough or isolated enough to evolve into separate subspecies or races. Despite surface appearances, we are one of the most similar of all species.
4. Skin color really is only skin deep. Most traits are inherited independently from one another. The genes influencing skin color have nothing to do with the genes influencing hair form, eye shape, blood type, musical talent, athletic ability or forms of intelligence. Knowing someone's skin color doesn't necessarily tell you anything else about him or her.
5. Most variation is within, not between, "races." Of the small amount of total human variation, 85% exists within any local population, be they Italians, Kurds, Koreans or Cherokees. About 94% can be found within any continent. That means two random Koreans may be as genetically different as a Korean and an Italian.
6. Slavery predates race. Throughout much of human history, societies have enslaved others, often as a result of conquest or war, even debt, but not because of physical characteristics or a belief in natural inferiority. Due to a unique set of historical circumstances, ours was the first slave system where all the slaves shared similar physical characteristics.
7. Race and freedom evolved together. The U.S. was founded on the radical new principle that "All men are created equal." But our early economy was based largely on slavery. How could this anomaly be rationalized? The new idea of race helped explain why some people could be denied the rights and freedoms that others took for granted.
8. Race justified social inequalities as natural. As the race idea evolved, white superiority became "common sense" in America. It justified not only slavery but also the extermination of Indians, exclusion of Asian immigrants, and the taking of Mexican lands by a nation that professed a belief in democracy. Racial practices were institutionalized within American government, laws, and society.
9. Race isn't biological, but racism is still real. Race is a powerful social idea that gives people different access to opportunities and resources. Our government and social institutions have created advantages that disproportionately channel wealth, power, and resources to white people. This affects everyone, whether we are aware of it or not.
10. Colorblindness will not end racism. Pretending race doesn't exist is not the same as creating equality. Race is more than stereotypes and individual prejudice. To combat racism, we need to identify and remedy social policies and institutional practices that advantage some groups at the expense of others.
excerpted in full from:
Race - the power of an illusion
Posted by grapeshisha at 9:17 PM
"There has been no visible platform for Arab-Jewish cooperation since the 1960s," said Chantal Abboud, Beirut-based representative of Antwerp's diamond industry in the Middle East. "Now, Dubai has created it."
Israeli Diamond Exchange president Avi Paz says diamonds and hospitality flow freely between Israel and Dubai.
"We came there, they came here. There is no problem at all," Paz said in Tel Aviv. "I wish that wherever I go, they'll host me like they hosted me in Dubai."
Officially at least, the Emirates still enforces some aspects of the Arab League's boycott with Israel, although a government official said most restrictions were dropped long ago. There are no direct flights to Israel and visitors traveling on Israeli passports are rarely allowed to enter.
from the Associated Press
Posted by grapeshisha at 6:49 PM
ADIA to be replaced by ADIC
Posted by grapeshisha at 6:24 PM
As tension between Muslims and the West seems to deepen every week, Dubai's leaders are fighting back by courting millions of non-Muslim visitors.
The hope is that Western tourists can spread understanding of Muslims — and Dubai's tolerance — in their home countries.
Leaders in this Gulf Arab boomtown, where religious tolerance has helped breed economic success, see their interests harmed by disputes over veils in Britain, headscarves in France and cartoons in Denmark.
Dubai tries to promote favorable image of Islam in the West(AP)
Posted by grapeshisha at 7:45 PM
Futures contracts are the most efficient and transparent instruments that markets can provide for price discovery. The Dubai Gold and Commodities Exchange, the first commodities futures exchange in the Middle East, located in Dubai, will promote transparent price discovery in a range of commodities including a fuel oil contract planned for launch in 2006.
The Role of Dubai in Oil Price Discovery
Posted by grapeshisha at 7:42 PM
Posted by grapeshisha at 7:36 PM
Posted by grapeshisha at 7:35 PM
Kul 'am wa enta bi-khair! Eid Mubarak! Eid saeed!
From Arab News (Proviso - The Moon Man is in Jeddah)
Posted by grapeshisha at 5:19 PM
“People see us as these creatures walking in their midst,” Ms. Atiyat said. “They see these aliens wearing all black or white, which they think means we are closing ourselves off.
More insight from the New York Times
Posted by grapeshisha at 11:01 PM
Mr Jackson said Istithmar was set to open offices in New York and Shanghai but the company’s investment strategy was driven less by geography and more by industry trends.
Investment sectors he was interested in include media content providers and healthcare companies.
Read more from the FT
Posted by grapeshisha at 10:56 PM
The rumours are that Istithmar are interested in buying a stake in EMI. But why? It's a dead company. No, apparently Istithmar want a stake in the the real EMI, and are prepared to flex their cash for it.
All rumours of course, apart from the fact that the fake EMI lives in the dark ages....
Posted by grapeshisha at 10:44 PM
Here they are with the UAE brands starred:
1. Al Jazeera
4. Al Arabiya
*7. Burj al Arab
9. Jarir Bookstore
11. Qatar Airways
12. Gulf Air
17. Future TV
*18. Etihad Airways
20. Rotana Hotels
24 Al Islmai
25. Kassatly Chtaura
*27. Air Arabia
28. Wataniya Telecom
31. Mecca Cola
38. Two Apples
*39. Al Rawabi
40. Orascom Construction Industries
See the list and methodology here
Posted by grapeshisha at 10:40 PM
The city slumbers during the daytime hours of Ramadan, when Muslims abstain from food, drink and sex from sunrise to sunset.
But come nightfall, people throng to Bedouin-style tents at hotel beaches and rooftops to smoke tobacco water pipes, eat traditional Ramadan dishes, and enjoy a festive outing.
Read the rest if you want to get a picture of what it is like.
Posted by grapeshisha at 4:01 AM
The case of the Canadian senators.
Posted by grapeshisha at 3:54 AM
Not just for the ignorami
Posted by grapeshisha at 3:51 AM
Many people here believe the ban runs counter to Dubai's image as the Mideast's most liberal and business-friendly city.
"If the foreign companies Dubai wants to lure here can't use cheap communications tools, that cuts into Dubai's competitiveness on the international stage," Chesman said.
Couple this with my post of the 13th, and a report from Katie the day after and you start getting some further backing that this it is time to move out of the dark ages and into the desert sun. (with a little UV protection of course)
Posted by grapeshisha at 3:41 AM
The United Arab Emirates was the largest recipient of FDI in West Asia, with a record high of $12 billion, mainly gone to the country’s 15 free trade zones.
The United Arab Emirates will continue to attract FDI in various manufacturing and service activities, mainly to their free zones. Driven by the property laws enacted successively in Abu Dhabi and in Dubai, FDI in real estate is likely to remain prominent. With the eventual adoption of the planned federal Company Law to allow majority foreign ownership in non-free economic zones, the Emirates would continue to be the largest FDI recipient in the region.
According to the competitiveness rankings of the world’s economies, in 1986 there was only one developing economy (Turkey) among the 20 most competitive economies, and by 2005 the number had increased to five: Taiwan Province of China, Singapore, the Republic of Korea, the United Arab Emirates and Qatar in that order (World Economic Forum 2005).
Worth a skim, if you follow the economics of these things.
WORLD INVESTMENT REPORT 2006 - FDI from Developing and Transition Economies: Implications for Development
Posted by grapeshisha at 7:37 PM
Going from global trends to corporate strategy from the Mckinsey Quarterly
Posted by grapeshisha at 7:17 PM
From a booster’s viewpoint, the city’s monstrous caricature of futurism is simply shrewd branding for the world market. As one developer told the Financial Times, ‘If there was no Burj Dubai, no Palm, no World, would anyone be speaking of Dubai today? You shouldn’t look at projects as crazy stand-alones. It’s part of building the brand’.
Read it all: FEAR AND MONEY IN DUBAI: MIKE DAVIS from Evil Paradises: The Dreamworlds of Neo-Liberalism, to be published by New Press in 2007.
Posted by grapeshisha at 5:58 PM
Posted by grapeshisha at 4:08 PM
Posted by grapeshisha at 4:03 PM
Posted by grapeshisha at 3:52 PM
hotels in the UAE;
flights from the UAE;
So here is the problem:
While people leaving the country find it difficult to book an airline seat, those flying into Dubai may not be able to find a hotel room during the festivities, which are due to start on either Sunday or Monday, if they have not already booked.
Note to file. Book early for next year.
Posted by grapeshisha at 3:46 PM
Other countries have built futuristic capitals in remote outposts, Brasília most famously, and other cities have experienced feverish, transformational construction, like Dubai or even the imperial capital that once ruled Kazakhstan: Moscow.
Borat will be happy and have liquid explosion.
Posted by grapeshisha at 4:46 AM
Although this is not a full solution, and many will have to action payment in other ways, this is the first step in the chain.
Despite this move, which may signal steps down the line to go into the online auction arena against souk.com, it appears that ebay will not be in the UAE any time soon:
When asked by Windows, the spokesperson added that eBay “currently has no plans” to launch in the Middle East region.
Posted by grapeshisha at 4:31 AM
1. you call a number
2. you ask a question, eg where can I buy an Ipod in Deira
3. they give you some options
4. you say thank you and good bye.
However, while the business model is similar to directory enquiries, they are able to push forward the obvious lack of enforcement of any data protection in the UAE. Fair play to them for investing 5 million dollars to get this running but will the man on the street go for it.
1. The service costs something, something like 18 fils per minute.
- it's not free
2. Advertisers can pay to get at the top of the list
- you may not get the best option
3. Your details get passed to the retailer
- your data is not guarded.
I have no issue with the first two options. After all, nothing in this world is free, and second of all, they are providing a good service of organising information in what needs to become an organised infocentric society.
My issue is with my own data. I don't want to call up a service which sells on my number. Once that data has passed to someone else, it could go anywhere. Shouldn't it be the case that I should choose to opt in or opt out from such distractions in life?
It may be fashionable to be on the phone in the UAE, to appear to be important and to talk when one should be concentrating on other things (driving, watching a film, studying, working), but this kind of blatant disregard for data takes it too far. We all know that data is sold on the black market, but there needs to be some sort of law in place to prevent this from happening and for it to be enforced in the same way that the druggies are treated (sometimes).
If I want to dial, I want it to be Just a dial.
Posted by grapeshisha at 3:47 PM
Posted by grapeshisha at 3:45 PM
"This triumph of industry and order over the elements seems to me typical of Dubai. Nothing could be more supremely artificial, except possibly the india rubber bathing beach which they had just decided to install....."
Read the whole thing
Posted by grapeshisha at 4:08 AM
The story of Samia, however, is a sad one. Being forced to jump from from a window to escape her "family", she says:
"I was hit, kicked and stepped on every day," she told Gulf News from her hospital bed at Rashid Hospital. She added that her employer also "sold" her to others, making her do chores for them without any money.
And for those who sat on the fence on whether this could be considered modern day slavery, perhaps getting sold to the family next door, might convince against it being hard out here for a pimp.
Posted by grapeshisha at 3:50 AM
The competition also contains a separate programme for prisoners in Dubai, who can reduce their jail terms by proving that they can learn the Koran.
The programme is not open for those facing the death sentence or guilty of murder, but for those on lesser sentences, memorising the whole of the holy book can knock 20 years off their time in prison.
Koran provides the ultimate memory test for Muslim boys
Posted by grapeshisha at 8:54 PM
Burgernomics is based on the theory of purchasing-power parity, the notion that a dollar should buy the same amount in all countries. Thus in the long run, the exchange rate between two countries should move towards the rate that equalises the prices of an identical basket of goods and services in each country. Our "basket" is a McDonald's Big Mac, which is produced in about 120 countries. The Big Mac PPP is the exchange rate that would mean hamburgers cost the same in America as abroad. Comparing actual exchange rates with PPPs indicates whether a currency is under- or overvalued.
Although there are flaws to it, it is generally a goodish indicator of whether a currency is over or under valued. In the latest Economic Bulletin from the DCCI, (which, by the way is a good read, although a little dry), they have covered how this theory works for the GCC currencies:
You will see from the table that all the GCC currencies are undervalued compared to the dollar, with the average price of 3.10 for a Big Mac in the US. The UAE is the least undervalued at 12%, but still undervalued. And whilst this doesn't bear any meaning to currency markets, it is probably something that the important men who are deciding about the single GCC currency must be pondering long and hard about.
DCCI - Economic Bulletin
Big Mac Index, Bugernomics from the Economist
Gulf News Article
Posted by grapeshisha at 2:55 AM
The competition, the Dubai International Holy Koran Award, is open to males aged 21 and younger, and this year more than 80 young Muslim boys and men faced off in more than two weeks of nightly performances that end Tuesday. The contestants came from around the world to represent their countries, including Iran, Iraq, Brazil, Australia and the United States.
“This is the Olympics of Koran reading,” said Ahmad al Suwiedi, head of the competition’s organizing committee
Read the article from the NYT
Posted by grapeshisha at 8:17 PM
The Abu Dhabi Tourism Authority's (ADTA) decision to impose six per cent service charge as tourism fees on hotels and service apartments has sparked mixed reaction in the industry. The move will come into effect from January 1, 2007, according to a report in the Gulf News. Hotels impose a 16 per cent service charge on all bills but at present they pay no fees to the municipality, whereas hotels in Dubai pay 10 per cent of their service charge to the municipality, the report added.
Apparently no need to worry the consumer, but as we well know, that hidden cost will creep into the bill by hook or by crook. International hotel operators in Abu Dhabi will not accept their revenue slashed in the short term.
Posted by grapeshisha at 12:27 AM
2005a 2006e 2007p
Real GDP Growth annual % change 8.5 11.5 5.8
Real Non Oil GDP Growth annual % change 11.0 10.5 6.6
Real Oil GDP Growth annual % change 2.1 14.1 3.5
CPI annual % change 8.0 7.7 5.0
Nominal GDP in USD 129.6 176.8 196.2
What's the interesting number here? The CPI figures. For two reasons. One because the official the current UAE numbers for inflation are 5% and that is signifcantly different to 8 or 7.7. Two, the numbers look set to fall to 5%.
What you have to bear in mind is this. The numbers that the IMF are using are fed from government data in the local countries, so while Mohsin Khan might project to 5.0% right now, that my still be little aggressive especially if we consider the housing balance shortage severely shifting towards Abu Dhabi with no real short term solution.
Read the IMF report and make your own judgement.
Posted by grapeshisha at 12:19 AM
Many of the natural remedies presented here are the result of a questionnaire distributed throughout the Arabian Peninsula in early 2002. The questionnaire, printed in both Arabic and English, asked families to explain how they, as well as their mothers and grandmothers, use various herbs, spices and other substances in natural healing. It also requested specific remedies for conditions such as headache, colds and coughs, sore throats, hair loss, general fatigue, childbirth and so on. We present their generous responses, which have helped to unlock many of the mysteries of local medicinal herb shops and reveal unique insights into the natural remedies of Arabia.
Natural Remedies of Arabia
Posted by grapeshisha at 10:18 PM
Voice over Internet Protocols (VoIP) are considered a regular telecommunications service and therefore fall under the jurisdiction of national regulations, according to the UAE's Telecommunications Regulations Authority (TRA).
"The TRA considers VoIP as a means to provide a telecommunications service," explained the TRA's manager of technical affairs, Mohammad Gheyath. "The technology and the service are not of relevance here, as voice traffic is provided over a medium.
The backwardness of this thought process, at a time where the world are looking to move forward with this medium, bears a resemblance to ignorance at the highest level. I am sure that this can not really be what the TRA thinking and the real reason must be something else. It is probably the perceived fact that:
1. revenue will be lost by the UAE providers Etisalat and Du
2. it is currently difficult to monitor voip calls, for terrorist activity and the like.
If those are the real reasons, then state it - if the whole world thought in the same way as the TRA are currently stating, then skype and the like would have to take out licences with every country in the world. All voip providers, all chat (msn messenger etc), irc should be banned. In fact, all websites should be banned. Just ban everything and be consistent.
In times to come, the UAE will look back at this, not only as a missed opportunity to move forward, but as one of those rare instances when it has taken a number of steps back.
Telecommunications body defends ban decision
Posted by grapeshisha at 3:24 PM
Maybe he shouldn't have broached the subject the way he did.
Either way, it is not compulsory.
Interesting fact that 20-30% of UAE females cover their face.
Posted by grapeshisha at 6:34 PM
Posted by grapeshisha at 6:31 PM
Istithmar, which is owned by the al-Maktoum ruling family in Dubai, has spent more than $1.8 billion buying overseas assets since its foundation, including 280 Park Avenue and the Knickerbocker Hotel at 6 Times Square in New York. It also owns stakes in Swiss aircraft-maintenance firm SR Technics and Perella Weinberg Partners, a financial advisory firm founded by former Morgan Stanley vice-chairman Joseph Perella.
London-based Standard Chartered, which makes two-thirds of its profit from Asia, bought control of Hsinchu International Bank in Taiwan last month and 81 percent of Pakistan's Union Bank Ltd. in August.
Some trend there....
Posted by grapeshisha at 6:28 PM
By that point, around 1.9 billion m3 of sand will have been removed from the seabed between the shoreline of the emirate and the start of international waters.
What will the be the effect of having sand free waters? Who knows? Fin-free fish?
Posted by grapeshisha at 6:23 PM
1. Can it really be true that Etisalat don't understand the benefit that Firefox brings to the tech space? (courtesy of Keefieboy - Firefox Blocked)
2. Was the Myspace (newly opened site to UAE residents) sale to Murdoch a scam? It certainly was very cheap.
3. Is consolidation in the Web Video market space be good for world? Google buying Youtube.
Posted by grapeshisha at 4:14 PM
UAE: Stop Harassment of Human Rights Defenders
This is the first paragraph of a letter sent to HH Sheikh Khalifa:
Your government’s policies toward human rights defenders in the United Arab Emirates are an important measure of its commitment to respect and protect the basic rights of UAE residents. For this reason we are seriously concerned about recent steps taken by UAE authorities that seem targeted to harass and silence activists attempting to monitor human rights in the Emirates. We urge you to put an immediate stop to these policies, and to make clear that the government intends to protect the ability of human rights defenders to carry out activities without interference.
Read the rest of the letter here
This is their message:
The authorities in the United Arab Emirates should end their harassment of some of the country’s most prominent human rights defenders and give their organizations the legal recognition they have sought, Human Rights Watch said today.
Read the press release here
Posted by grapeshisha at 9:50 PM
The Positive is that the shortage makes Abu Dhabi a good investment.
Posted by grapeshisha at 5:54 PM
Posted by grapeshisha at 3:13 PM
The BPI looks at the propensity of companies from 30 leading exporting countries to bribe abroad. Companies from the wealthiest countries generally rank in the top half of the Index, but still routinely pay bribes, particularly in developing economies. Companies from emerging export powers India, China and Russia rank among the worst. In the case of China and other emerging export powers, efforts to strengthen domestic anti-corruption activities have failed to extend abroad.
The index determined clusters from least likely to bribe to most likely. These are the results:
Cluster 1: Switzerland, Sweden, Australia, Austria, Canada, UK, Germany, Netherlands, Belgium, US, Japan
Cluster 2: Singapore, Spain, United Arab Emirates, France, Portugal, Mexico
Cluster 3: Hong Kong, Israel, Italy, South Korea, Saudi Arabia, Brazil, South Africa, Malaysia
Cluster 4: Taiwan, Turkey, Russia, China, India.
Ignore what you think you know of corruption within the UAE. Look at the UAE going overseas. In my understanding the UAE has behaved impecably whether you are looking at JVs, overseas investment or pure aquisitions. In fact, the UAE fares as a cluster 1 country when veturing in OECD activity. And that is crucial if the powerhouses of Dubai and Abu Dhabi wish to continue their strategy of investing in high profile ventures overseas, as they have been doing over the last couple of years.
However you wish to take the results, it is worth remembering that Transparency International's work is recognised worldwide. For essentially a developing country, the UAE can be proud for what it is achiving. Reputation for honesty goes a long way in the politically correct business world of today.
See the full Bribe Payers Index (BPI) 2006 Analysis Report at Transpaency International's site.
Posted by grapeshisha at 3:06 AM
The Times has learnt that a number of airlines are extremely unhappy about the delays — and the lack of information that they have received from Airbus. Tim Clark, president of Emirates Airline, said: “This is a very serious issue for Emirates and the company is now reviewing all its options.”
Sources close to Boeing said that Emirates was considering ditching half its 43 A380 orders and buying the new 747-8 instead. That could cost Airbus a further $6 billion in lost revenue.
With an aggressive growth strategy planned, Emirates are not too pleased, and the shift looks like an option that may be considered.
Posted by grapeshisha at 1:46 PM
Check it out: discussdubai.com
Posted by grapeshisha at 4:17 AM
Commenting on the first issue under the title "A hidden plan to create disorder", the Dubai-based "Gulf News" said: "Condoleezza Rice is back. The US secretary of state is touring the region to 'encourage' the resumption of the peace process, according to her aides. But according to what she has been saying all last week in interviews with American newspapers, she is here to pit Arabs against each other.
"She said an 'alliance of moderates' has emerged in the region, under her sponsorship, to confront "the alliance of extremists" namely the Palestinian ruling party Hamas and Lebanon's Hezbollah resistance group.
from Internet Chat Radio
Posted by grapeshisha at 2:03 AM
"Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society" (Sir Adrian Cadbury in 'Global Corporate Governance Forum', World Bank, 2000)
"Corporate governance is a field in economics that investigates how to secure/motivate efficient management of corporations by the use of incentive mechanisms, such as contracts, organizational designs and legislation. This is often limited to the question of improving financial performance, for example, how the corporate owners can secure/motivate that the corporate managers will deliver a competitive rate of return", Mathiesen 
"Corporate governance is the system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as, the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. By doing this, it also provides the structure through which the company objectives are set, and the means of attaining those objectives and monitoring performance", OECD
Make sense that Dubai needs to work harder at it? Well the general consensus is that there is some way to go. That's why companies such as Hawkamah exist.
Posted by grapeshisha at 1:14 AM
Posted by grapeshisha at 11:34 PM
Check out Viidoo as an example of what life might be like.
Posted by grapeshisha at 9:14 PM
It looks like troubled times for the UAE. Is the UAE slowly slipping down the doldrums or is 77th place a realistic spot?
2006 - 77th
2005 - 68th (rebased from 69)
There were no rankings previous to this, but the key categories were measured in the same way and are similar to currently. The overall rank is probably about right for the specifics that they are recording, taking into consideration that the UAE falls at both ends of ths scale in various categories. Since the UAE is pretty high up on some categories, the drop by a few places is not significant. Worryingly, though, is the fact that there doesn't seem to be much improvement in areas that the UAE seems to be poor in, such as enforcing contracts, starting and closing a business and protecting investors.
This is a World Bank ranking, so it does have some weight. In some parts of the world, those being judged look at rankings and actively try and improve in the specific areas. Whether or not this makes the ranking legitimate is debatable, but it appears that the UAE is not doing the basics to jump ahead of the pack. With Qatar and Bahrain not measured, and Saudi, Kuwait and Oman all ahead of the UAE, there must be something that could be done to work on those criteria.
"Decree, task force, committee" - are words that I am sure we will hear soon. And hope that positive action will result in those words.
Buy the report
Posted by grapeshisha at 4:38 PM
If the deal is finalised, Harrods will follow in the footsteps of major UK luxury department store Harvey Nichols, which opened in Dubai's Mall of the Emirates in May this year, following a Dh100 million investment and partnership deal with Al Tayer Group.
It remains unclear whether the Harrods brand will be introduced in its full London department store format, or solely as a food and well-being retailer under the Harrods 102 name.
Hopefully they won't have a silly advertsing campaign like the "Forget London" teaser that Harvey Nicks used which raised some controversy being so close to the London 7/7 bombings.
Harrods' entry to raise Dubai's retail profile
Posted by grapeshisha at 3:41 PM
Posted by grapeshisha at 1:55 PM
Read details of Colliers report at Trade Arabia
Posted by grapeshisha at 4:03 AM
- ► 2013 ( 10 )
- ► 2012 ( 54 )
- ► 2011 ( 80 )
- ► 2010 ( 80 )
- ► 2009 ( 174 )
- ► 2008 ( 107 )
- ► 2007 ( 34 )
- The Latest View of The Palms, Dubai
- Potentially Iconic
- What it is really all about
- Building progress in Dubai
- The New Dubais
- The Dubai Model
- Remembering Sheikh Zayed
- Skinnydipping in the Desert
- For your retirement
- 10 things everyone should know about race
- Israeli diamonds welcome in Dubai
- A rejig of the petrodollar investment
- The New Messengers of Islam
- The Role of Dubai in Oil Price Discovery
- Dubai at the Kop
- Istithmar's Investment Philosphy
- The Moon Man says Monday
- Locals on Expats on Locals
- Istithmar will buy you
- The Real EMI
- Top Arab Brands
- Ramadan Tents and Shisha
- Dead Dubai Drunk Deported
- Living it up in Dubai
- The Hijab Guide
- The VOIP farce
- The World Investment Report (UN)
- The most important trend
- Speer meets Disney on the shores of Araby.
- $60 is a realistic price
- The skyscrapers of the world
- Emirates Air Canada
- If you haven't yet booked for Eid...
- Got 10 billion dollars handy?
- Astana is a Dubai in the making
- Paypal in the UAE
- Not Just a Dial
- Islam is perfect?
- Evelyn Waugh on Dubai
- Pimpin' aint easy.
- Moe Quran Competition Coverage...
- Voip Ban lift?
- Khubaib the Kenyan competes in the Quran Competiti...
- Entertainment at the Labour Camps
- Service charge = tax
- The UAE Inflation Numbers from the IMF
- Natural Remedies of Arabia
- If VOIP is considered a provider...
- Purple is the colour of choice
- Chuck a billion at it.
- No more sandy water
- Firefox blocked, myspace investigation, Youtube sa...
- Human Rights Watch & the UAE
- Abu Dhabi Rent
- Burj in Perspective
- UAE ranks well in the corruption stakes
- Angry Emirates
- Is Condi causing a commotion?
- Dubai Corporate Governance
- American Ramadan
- The US goes halal
- When Media collides
- Not Doing Business
- Harrods Dubai
- The longest...
- 2nd place Dubai
- ▼ October ( 69 )