UAE 2015: Moving Towards A Non-Oil Reliant Economy

By Anshuman Kukreti – for Middle East Business News – In spite of the political fallout, the Emirati economy catapulted to a growth trajectory beyond bounds of ‘the predictable’ during 2014.Considered as the second largest economy in the Arab world, the UAE cruised to a far better-than-expected growth of 4.8% during the same year. Moreover, …

UAE markets recover partly after slump

Source: Gulf News – The UAE markets rebounded on Wednesday after the oil triggered slump as traders picked up bargains ahead of the new year. The Dubai Financial Market General Index ended up 1.29 per cent at 3,774, recovering from the previous session’s more than 5 per cent decline. The Abu Dhabi Securities Exchange General …

Sufism in UAE: A short history

THE LEVANT – By Dr. Haytham Mouzahem – There are few sources that talk about the history of mysticism in the Arab Gulf states and particularly in the United Arab Emirates. G.G. Lorimer, who is considered one of the best historians and geographers that described the Arabian Gulf at the beginning of the Twentieth century …

Dubai is working to drive out speculators, says Rera CEO

THE LEVANT – Increased regulations in Dubai have meant that property speculation has become more difficult, according to Rera CEO. Speaking during a real estate seminar at CityScape, Rera CEO Marwan Bin Ghalita said the Land Department has made a number of changes aimed at reducing the number of speculators, starting with increasing transaction fees …