Archive for July, 2008

What the sites say: the best of the rest

Dubai to figure on the US campaign trail? Could McCain and Obama be set for a battle in Dubai? According to David Ignatius, writing on www.WashingtonPost.com , the emirate could hold a debate between the presidential hopefuls. The idea "emerged in conversations and e-mails over the past

US military denies 22 Afghan civilian deaths in airstrike

The US military said airstrikes by its attack helicopters hit two vehicles carrying insurgents in eastern Afghanistan. The province?s governor said 22 civilians, including a woman and a child, were killed. A spokesman for the US-led coalition said on Friday the airstrikes in Nuristan province

Awali Real Estate signs deal with Sahara Communications

Awali Real Estate Investments, one of the region’s leading real estate investment firms, has signed a Dh4-million agreement with Sahara Communications, a subsidiary of Sahara Group. Under the agreement, Sahara will supervise the media and marketing plans of Awali and its projects in a

Foreigners buy 27% of total DFM shares worth Dh1.8bn

Dubai Financial Market (DFM) announced yesterday that foreign investors, or non-UAE nationals, sold shares worth Dh774 million during the June29-July 3 week. The total value of shares bought by foreigners reached Dh1.8 billion comprising 27.7 per cent of the total value of stocks traded during

Equity firms face talent shortages

A shortage of talent in the fast-growing private equity industry in the Middle East and North Africa region is leading to major losses and may eventually cause the sector’s collapse, experts said. However, they believe a lack of skilled staff was a short-term stumbling block and the problem

Rubenstein gets rotating tower PR

Rotating Tower Technology Company, headed by architect Dr David Fisher, has hired Rubenstein to handle public relations linked to the launch of its latest project ? the Dynamic Tower. The buildings will use wind turbines and photovoltaic panels to generate energy to rotate each floor

Job satisfaction low as people ‘want out now’

Emirates Business readers appear to be dissatisfied in their jobs, with 59 per cent saying that they would like to leave in the next two years, according to a recent online survey. Nearly 38 per cent of poll respondents said they want to leave their current jobs "now" while about 31

Low turnout for Sierra Leone local elections


World’s largest mobile boat hoist tested at Maritime City

Dubai Maritime City, the world’s first purpose-built maritime centre and a member of the Dubai World Group of companies, has announced it has successfully assembled and tested the world’s largest mobile boat hoist at its facilities. The hoist, which weighs 300 tonnes and is capable of lifting

Phone calls to be cheaper says TRA