Intelligence Middle East
Top News…

Abu Dhabi’s economy set to grow 8.2% in 2008
date: 04 February 2008
UAE. Achievements made in the last two years in regard to government restructuring, and greater engagement of the private sector in the Emirate’s comprehensive development, will open up a new chapter for Abu Dhabi.

Abu Dhabi Economic Forum 2008 kicks off
date: 03 February 2008
UAE. ADEF participants will focus on Abu Dhabi’s main economic trends and the potential impact of the government’s new policy agenda on investment flows, government spending and business opportunities in the Emirate’s various economic sectors.

Rose Rotana Tower in Dubai is the world’s tallest building completed in 2007
date: 03 February 2008
UAE. Middle East sees the world’s largest concentration of buildings constructed during 2007.

Middle East US$100 billion retail boom to out-run global slowdown
date: 03 February 2008
INTERNATIONAL. The GCC states are capable of weathering potential economic decoupling, said Retail City 2008 project manager Naomi Koningen.

UAE Ministry of Economy completes draft federal law on arbitration
date: 03 February 2008
UAE. New legislation adopts international obligations, modern rules, and best global practices.

Another undersea cable cut in the Arabian Gulf
date: 02 February 2008
UAE. There is speculation that an anchor had sliced the underwater Flag Falcon cable, stretching between the UAE and Oman.

Sheikh Hamdan bin Mohammed Al Maktoum appointed Dubai Crown Prince
date: 02 February 2008
UAE. Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum has issued a decree appointing his son Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum as Crown Prince of Dubai from 1 February.

S&P lowers Lebanon long-term rating, outlook stable
date: 01 February 2008
LEBANON. The ratings on Lebanon were lowered as a result of the political impasse that has raised tensions within Lebanon, and for which no easy resolution appears in sight, the ratings agency said.

EU and Iraq discuss enhancing energy cooperation
date: 01 February 2008
IRAQ. Both the EU and Iraq have much to gain from strong energy cooperation. As a first step Europe wants to see Iraq play a full role in the Arab Gas Pipeline.

Internet outage hits business in the Middle East
date: 01 February 2008
INTERNATIONAL. Damage to undersea Internet cables hit business across the Middle East and South Asia on Thursday, including the vital call centre industry, prompting appeals for people to limit their surfing.

Forecast 2008: World economy faces a difficult year, as problems in the West spread East
date: 13 December 2007
INTERNATIONAL. There is decoupling – of the US economy as the main motor of global growth – but there is contagion as well and 2008 will be a tough year for the global economy. After the boom of recent years, it would be no surprise if there was a slower pace of global growth. The outlook is compounded by the financial crisis in the West, and the challenges faced by policy makers across many emerging economies as they tighten policy now to ensure sustainable growth.

A year ago, we took a pessimistic view of the US’s prospects in 2007, expecting a slowdown and Fed rate cuts. Despite that, we were predicting strong growth across the emerging world, with high commodity
prices. This is how things have turned out, but yet we are still reluctant to talk of economic decoupling. And the reason may become evident in 2008: the business cycle still exists after…

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