Foreign Travel to the UAE Jumps

  The number of overseas visitors expected to visit the UAE this year is expected to surpass 9 million, a 9% increase over 2011. Confirming increased interest in tourism is a 132% increase in pre-registered attendees to the Arabian Travel Market (ATM) the region’s premier travel exhibition. Reasons for increased interest in the region include […]

UAE Employee Salaries Up by 5.5 Percent in 2011; More Increases Forecast for 2012

Salaries in the UAE rose by an average of 5.5 percent across all industries in 2011 and are forecast to increase by an additional 5.7 percent in 2012, according to an article in Emirates 24/7 News. In Gulf Cooperation Council nations bordering the Persian Gulf and constituting the Arabian Peninsula, the Kingdom of Saudi Arabia […]

Qatar Increases Commitment to Egypt

  Qatar is pulling out all of the stops to support Egypt’s economy, post Arab Spring. Qatar’s prime minister Sheikh Hamad Bin Jassem Al Thani said that in addition to loans and bond issues Qatar is prepared to invest as much as $10 billion in the Egyptian economy. Qatar has already invested $500 million in Egypt […]

Arab Spring Could Slow Chinese Investment

Political and economic disruptions across the Middle East and North Africa will have an impact on China’s investment in the region, according to Arti Sangar, the head of DiazReus’ Dubai office. “There has been significant disruption across North Africa, and this inevitably has an adverse impact on China’s interests in the continent,“ said Sangar in […]