The world’s longest, fully automated driverless railway system is about to get a lot longer. Although extensions and new lines have been part of the plan for some time, winning the 2020 World Expo bid has fast-tracked some of the expansion, especially in the Jebel Ali area. Work will begin in 2014 on an extension from the existing Red Line along...
In September 2013, the UAE’s federal insurance regulator called for consolidation in the industry, a move that was welcomed by the growing chorus of players that have warned that the market was becoming saturated over the past five years. Although the Insurance Authority (IA) placed a moratorium on new licences for insurers and brokers in 2009...
The emirate’s reputation for novelty and unique attractions has produced things such as an indoor ski slope in a country where summer temperatures can rise to about 50° C. The can-do spirit of Dubai has determined to produce a clutch of giant theme parks, the world’s biggest Ferris wheel, a replica of the Taj Mahal four times the size of the...
In 2012 UAE insurers underwrote Dh26.3bn ($7.2bn) in premiums, nearly half of the total gross written premiums (GWP) in the GCC region, making it the largest insurance market in the Gulf, followed by Saudi Arabia. Collectively, the two countries accounted for nearly 80% of the $16.3bn in GWP in the Gulf in 2012, according to a report on the...
Developments to modernise Dubai’s health sector over the last decade have seen its infrastructure indicators speed ahead of the regional average in most major categories. The government accounts for 74% of all health care spending in the UAE, according to the latest World Health Organisation (WHO) statistics from 2011, but private health care...
With an increasing population where lifestyle-related illnesses are ever more common, pharmaceuticals companies should see steadily rising demand for their products in Dubai and throughout the GCC. Successful entry into the market is no easy task, and although demand is indeed growing in the region, the Middle East still only accounts for...
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