With a 30 per cent vacancy rate and more supply coming into Dubai’s office market in 2012, analysts conclude that it will remain a tenant’s market.
The banking industry has put prime focus into upgrading their IT infrastructure in a bid to be more competitive and modern.
The Sobha Group of India acquired an 8-million square feet of land from Meydan City. The sale was the largest international investment Meydan has made since the development opened.
Some retailers have been raking the benefits of strategically-located shops while others have to reposition their establishments to make profit.
Analysts say the forthcoming IPO may turn the social networking giant into a $100-billion company and its founder Mark Zuckerberg, one of the richest people on the planet.
The government of Abu Dhabi is also encouraging UAE nationals to seek private sector employment.
Dubai-based geospatial solutions firm Global Scan Technologies is expanding in the Middle East, Africa and other developing nations as part of its expansion plans.
The North South Railway in Saudi Arabia can potentially help the kingdom’s mining and petrochemical trade by easing bulk transportation in both industries.
The average number of Emiratis in private companies stand at around 7-8 per cent, lower than what is needed to integrate UAE nationals into the private sector.
Tawdheef expects over 26,000 Emirati jobseekers to flock to Abu Dhabi's annual recruitment event. This year the show will feature more than 2,000 job vacancies.
