Economy news and analysis | Business

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<div class="article-teaser article-teaser-with-image-grid-6"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/rak-ups-the-pace-as-it-looks-to-develop-free-zone-trade">RAK ups the pace as it looks to develop free-zone trade</a></h4> <p class="last-updated">Jan 2, 2011</p> <p class="lede">Low rents and light-touch regulation are finding favour with companies as Ras al Khaimah sets it sights on competing with major free zones in the region. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/rak-ups-the-pace-as-it-looks-to-develop-free-zone-trade" class="more">Read article <span> RAK ups the pace as it looks to develop free-zone trade</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div>  <div class="ad-mpu">      <script type="text/javascript"> //<![CDATA[ if(typeof(ord) == 'undefined') {var ord = ''; } if(typeof(surroundTag) == 'undefined') { var surroundTag = ''; } if(typeof(article) == 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uppercase;"> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody> <tr> <td width="4%" valign="middle" align="left" style="vertical-align: middle;"> <img width="14" height="16" align="absmiddle" style="vertical-align: middle;" alt="" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/nlogo.png"> </td> <td width="96%" valign="middle" align="left" style="vertical-align: middle;">   <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics" style="color: #000000;">economics</a> </td> </tr> </tbody> </table> </div> <div style="background: url('/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/bg-national-conversation-footer.gif') no-repeat scroll right bottom rgb(235, 235, 233); padding-bottom: 30px;" class="extract"> <blockquote> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody> <tr> <td valign="top" align="left" style="padding-right: 6px;"> <div class="image"> <img width="119" height="79" alt="" src="/web/20110102023333im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Image/SaxoPress/AD20110102672852-2-A pedestrian pa_tn.jpg" style="position: relative;" class="null"> </div> </td> <td valign="top" align="left" style="vertical-align: top;"> <p> <span class="text"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics/little-bright-in-forecast-for-irelands-ailing-economy">Shattered banks, ghost estates and persistent high unemployment, what has become of the Celtic tiger?</a></span>  </p> <p style="color: rgb(21, 120, 201); margin-top: 5px;" class="author"><b><a href="/web/20110102023333/http://www.thenational.ae/vgn-ext-templating/v/index.jsp?vgnextoid=8f7a852b3a648210VgnVCM200000e66411acRCRD">Clifford Coonan</a></b></p> </td> </tr> </tbody></table> </blockquote>  </div> <div style="border-bottom: 1px solid rgb(255, 255, 255); height: 22px; width: auto; padding-left: 6px; padding-right: 10px; padding-top: 4px; background-color: rgb(212, 179, 210); font-family: Georgia; font-size: 15px; color: rgb(0, 0, 0); text-transform: uppercase;"> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody> <tr> <td width="4%" valign="middle" align="left" style="vertical-align: middle;"> <img width="14" height="16" align="absmiddle" style="vertical-align: middle;" alt="" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/nlogo.png"> </td> <td width="96%" valign="middle" align="left" style="vertical-align: middle;">   <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics" style="color: #000000;">economics</a> </td> </tr> </tbody> </table> </div> <div style="background: url('/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/bg-national-conversation-footer.gif') no-repeat scroll right bottom rgb(235, 235, 233); padding-bottom: 30px;" class="extract"> <blockquote> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody> <tr> <td valign="top" align="left" style="padding-right: 6px;"> <div class="image"> <img width="119" height="79" alt="" src="/web/20110102023333im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Image/schoolpicweb_tn.jpg" style="position: relative;" class="null"> </div> </td> <td valign="top" align="left" style="vertical-align: top;"> <p> <span class="text"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics/improvement-lessons-for-school-systems">How does a school system with poor performance become good? And how does one with good performance become excellent?</a></span>  </p> <p style="color: rgb(21, 120, 201); margin-top: 5px;" class="author"><b><a href="/web/20110102023333/http://www.thenational.ae/vgn-ext-templating/v/index.jsp?vgnextoid=e7435b5d4614d210VgnVCM100000e56411acRCRD">Dr Mona Mourshed</a></b></p> </td> </tr> </tbody></table> </blockquote>  </div>  <div class="article-teaser article-teaser-with-image article-teaser-with-image-grid-3"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/dp-world-to-hand-over-mina-zayed">DP World to hand over Mina Zayed</a></h4> <p class="last-updated">Dec 31, 2010</p> <div class="image"> <a href="/web/20110102023333/http://www.thenational.ae/business/economy/dp-world-to-hand-over-mina-zayed"> <img alt="DP World to hand over Mina Zayed" src="/web/20110102023333im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Image/bz31de-mina-zayed-port01.jpg" width="160"/> </a> </div> <p class="lede">Abu Dhabi Terminals will take over management of the UAE capital's primary port, Mina Zayed. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/dp-world-to-hand-over-mina-zayed" class="more">Read article <span>DP World to hand over Mina Zayed</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/technology/bahrain-overhauls-its-2030-economic-blueprint">Bahrain overhauls its 2030 economic blueprint</a></h4> <p class="last-updated">Dec 31, 2010</p> <div class="image"> </div> <p class="lede">Bahrain is setting its sights on manufacturing, transport, and information communication technology, as its focus moves away from financial services and construction. <a href="/web/20110102023333/http://www.thenational.ae/business/technology/bahrain-overhauls-its-2030-economic-blueprint" class="more">Read article <span>Bahrain overhauls its 2030 economic blueprint</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/gulf-bond-sales-are-bright-economic-sign">Gulf bond sales are bright economic sign</a></h4> <p class="last-updated">Dec 31, 2010</p> <div class="image"> </div> <p class="lede">Emerging markets are pointing to a better global economic outlook spurring US$32.6 billion (Dh119.74bn) of bond sales in the Gulf this year. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/gulf-bond-sales-are-bright-economic-sign" class="more">Read article <span>Gulf bond sales are bright economic sign</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/chamber-of-commerce-predicts-3-8-growth-for-abu-dhabi">Chamber of Commerce predicts 3.8% growth for Abu Dhabi</a></h4> <p class="last-updated">Dec 30, 2010</p> <div class="image"> </div> <p class="lede">Abu Dhabi's economy will expand to Dh567.3 billion next year the emirate's Chamber of Commerce predicted today. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/chamber-of-commerce-predicts-3-8-growth-for-abu-dhabi" class="more">Read article <span>Chamber of Commerce predicts 3.8% growth for Abu Dhabi</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/media/your-chance-to-prove-you-are-a-business-brainbox">Your chance to prove you are a business brainbox</a></h4> <p class="last-updated">Dec 30, 2010</p> <div class="image"> </div> <p class="lede">Take our online Business Quiz of the Year for your chance to win brunch for two. <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/media/your-chance-to-prove-you-are-a-business-brainbox" class="more">Read article <span>Your chance to prove you are a business brainbox</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/masharie-plans-190m-spree">Masharie plans $190m spree</a></h4> <p class="last-updated">Dec 29, 2010</p> <div class="image"> </div> <p class="lede">A Dh700 million investment spree is planned by the private equity arm of Dubai Investments, with Masharie planning to acquire a number of companies in 2011. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/masharie-plans-190m-spree" class="more">Read article <span>Masharie plans $190m spree</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/legislation-sets-scene-for-federal-bond-sales">Legislation sets scene for Federal bond sales</a></h4> <p class="last-updated">Dec 29, 2010</p> <div class="image"> </div> <p class="lede">In what could pave the way for the UAE to create its first sovereign bond the Emirates' Federal National Council has passed a public debt law to limit government debt to 25 per cent of GDP. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/legislation-sets-scene-for-federal-bond-sales" class="more">Read article <span>Legislation sets scene for Federal bond sales</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/up-and-coming-commodities-may-unseat-gold">Up-and-coming commodities may unseat gold</a></h4> <p class="last-updated">Dec 29, 2010</p> <div class="image"> </div> <p class="lede">Gold has been the precious metal to buy in 2010 but now analysts predict that silver, copper and zinc may be in line for the crown next year. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/up-and-coming-commodities-may-unseat-gold" class="more">Read article <span>Up-and-coming commodities may unseat gold</span> </a> </p> <div class="comments-media"> <div class="comment-count"> <a href="/web/20110102023333/http://www.thenational.ae/business/economy/up-and-coming-commodities-may-unseat-gold#jumptocomments" title="1 comments">1</a> </div> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/cash-call-for-new-private-businesses">Cash call for new private businesses</a></h4> <p class="last-updated">Dec 29, 2010</p> <div class="image"> </div> <p class="lede">Some Dh400 million has been distributed by Abu Dhabi's Khalifa Fund to Support and Develop Small and Medium Enterprises, but financing still an issue says its chief executive. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/cash-call-for-new-private-businesses" class="more">Read article <span>Cash call for new private businesses</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> <div class="article-teaser"> <h4 class="headline"><a href="/web/20110102023333/http://www.thenational.ae/business/economy/trade-recovery-lifts-dubai-outlook">Trade recovery lifts Dubai outlook</a></h4> <p class="last-updated">Dec 29, 2010</p> <div class="image"> </div> <p class="lede">Economists are taking a fresh and more optimistic look at Dubai's prospects in 2011 after a raft of positive measures, including the IMF raising its GDP growth estimate for the emirate. <a href="/web/20110102023333/http://www.thenational.ae/business/economy/trade-recovery-lifts-dubai-outlook" class="more">Read article <span>Trade recovery lifts Dubai outlook</span> </a> </p> <div class="comments-media"> <ul class="media"> </ul> </div> </div> </div>   </div> <div class="channel-conversation clear"> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody><tr> <td width="146" align="left" style="padding-bottom: 10px;"> <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights" style="null"> <img width="146" height="51" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/industrylogo.gif" alt="The National Conversation"> </a> </td> <td align="left" style="padding-bottom: 10px;"><hr width="100%" color="#cccccc" size="1" style="color: rgb(204, 204, 204);"></td> </tr> </tbody></table> <div class="grid-4 grid-nested-first"><div style="border-bottom: 1px solid rgb(255, 255, 255); height: 22px; width: auto; padding-left: 6px; padding-right: 10px; padding-top: 4px; background-color: rgb(212, 179, 210); font-family: Georgia; font-size: 15px; color: rgb(0, 0, 0); text-transform: uppercase;"> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody> <tr> <td width="4%" valign="middle" align="left" style="vertical-align: middle;"><img width="14" height="16" align="absmiddle" style="vertical-align: middle;" alt="" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/nlogo.png"></td> <td width="96%" valign="middle" align="left" style="vertical-align: middle;">   <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics" style="color: #000000;">economics</a> </td> </tr> </tbody> </table> </div> <div style="background: url('/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/bg-national-conversation-footer.gif') no-repeat scroll right bottom rgb(235, 235, 233); padding-bottom: 30px;" class="extract"> <blockquote> <p> <span class="text"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics/tourists-appreciate-bedside-manners-and-smart-service">Thanks to 150 million new travellers from India and China the travel and tourism outlook for the Middle East looks healthy.</a></span>  </p> <p style="color: rgb(21, 120, 201); margin-top: 5px;" class="author"><b><a href="/web/20110102023333/http://www.thenational.ae/vgn-ext-templating/v/index.jsp?vgnextoid=361aeece34aab210VgnVCM200000e66411acRCRD">Shoba Narayan</a></b></p> </blockquote>  </div> <div style="border-bottom: 1px solid rgb(255, 255, 255); height: 22px; width: auto; padding-left: 6px; padding-right: 10px; padding-top: 4px; background-color: rgb(212, 179, 210); font-family: Georgia; font-size: 15px; color: rgb(0, 0, 0); text-transform: uppercase;"> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody> <tr> <td width="4%" valign="middle" align="left" style="vertical-align: middle;"><img width="14" height="16" align="absmiddle" style="vertical-align: middle;" alt="" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/nlogo.png"></td> <td width="96%" valign="middle" align="left" style="vertical-align: middle;">   <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics" style="color: #000000;">economics</a> </td> </tr> </tbody> </table> </div> <div style="background: url('/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/bg-national-conversation-footer.gif') no-repeat scroll right bottom rgb(235, 235, 233); padding-bottom: 30px;" class="extract"> <blockquote> <p> <span class="text"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics/uks-winter-of-discontent-heralds-more-protests">Britain has had a December to remember amid student protests, snow chaos, and disrupted travel plans. Will strikes now add to the winter of discontent?</a></span>  </p> <p style="color: rgb(21, 120, 201); margin-top: 5px;" class="author"><b><a href="/web/20110102023333/http://www.thenational.ae/vgn-ext-templating/v/index.jsp?vgnextoid=4908aafa55398210VgnVCM200000e66411acRCRD">Saleha Way</a></b></p> </blockquote>  </div> <div style="border-bottom: 1px solid rgb(255, 255, 255); height: 22px; width: auto; padding-left: 6px; padding-right: 10px; padding-top: 4px; background-color: rgb(212, 179, 210); font-family: Georgia; font-size: 15px; color: rgb(0, 0, 0); text-transform: uppercase;"> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody> <tr> <td width="4%" valign="middle" align="left" style="vertical-align: middle;"><img width="14" height="16" align="absmiddle" style="vertical-align: middle;" alt="" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/nlogo.png"></td> <td width="96%" valign="middle" align="left" style="vertical-align: middle;">   <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics" style="color: #000000;">economics</a> </td> </tr> </tbody> </table> </div> <div style="background: url('/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/bg-national-conversation-footer.gif') no-repeat scroll right bottom rgb(235, 235, 233); padding-bottom: 30px;" class="extract"> <blockquote> <p> <span class="text"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics/laurent-gbagbo-may-see-reasons-to-stay-but-he-needs-to-go">Ivory Coast's president has made it clear he will leave office only with his boots on, which highlights a major issue that has bedevilled Africa.</a></span>  </p> <p style="color: rgb(21, 120, 201); margin-top: 5px;" class="author"><b><a href="/web/20110102023333/http://www.thenational.ae/vgn-ext-templating/v/index.jsp?vgnextoid=9108b5e183448210VgnVCM200000e66411acRCRD">Gavin du Venage</a></b></p> </blockquote>  </div> </div>  <style> .date { color:#827FA2; font:italic 1.4em 'Georgia',serif; margin-bottom:0; } </style> <div class="grid-4"> <h3 style="color: rgb(147, 147, 177); font-size:15px; font-family:'Georgia',serif; margin-bottom:0px; text-transform: uppercase; word-spacing: -0.25em;">SOUND & <span style="color: rgb(19, 36, 90);">VISION</span></h3> <div class="blogs-list article-teaser article-teaser-with-image article-teaser-with-image-grid-3"> <div class="image"> <img width="220" height="147" alt="" src="/web/20110102023333im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Video/insights_vid_teaser1.jpg" style="position: relative;" class="null"> <img width="14" height="14" right: 0pt;" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/icon-multimedia-video.gif" alt="(Video)" class="icon-multimedia"> </div> <p class="text"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/media/video/what-is-the-future-of-tv-revenues-part-1" style="font: 1.47em 'Georgia',serif; color: rgb(38, 38, 38);">What is the future of TV revenues? (part 1)</a></p> <p> <span class="text">How smarter, more targeted TV advertising campaigns are luring advertisers.</span> <span style="font-weight:normal"> <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/media/video/what-is-the-future-of-tv-revenues-part-1" class="more">Watch Video</a> </span> </p> </div> <hr width="100%" color="#cccccc" size="1" style="color: rgb(204, 204, 204);"> <h3 style="color: rgb(147, 147, 177); font-size:15px; font-family:'Georgia',serif; margin-bottom:0px; text-transform: uppercase; word-spacing: -0.25em;">SOUND & <span style="color: rgb(19, 36, 90);">VISION</span></h3> <div class="blogs-list article-teaser article-teaser-with-image article-teaser-with-image-grid-3"> <div class="image"> <img width="220" height="147" alt="" src="/web/20110102023333im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Video/insights_vid_teaser2.jpg" style="position: relative;" class="null"> <img width="14" height="14" right: 0pt;" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/icon-multimedia-video.gif" alt="(Video)" class="icon-multimedia"> </div> <p class="text"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/media/video/what-is-the-future-of-tv-revenues-part-2" style="font: 1.47em 'Georgia',serif; color: rgb(38, 38, 38);">What is the future of TV revenues? (part 2)</a></p> <p> <span class="text">What is the future of TV revenues? What paths are likely to succeed or fail? What are the key building blocks of a strategy going forward?</span> <span style="font-weight:normal"> <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/media/video/what-is-the-future-of-tv-revenues-part-2" class="more">Watch Video</a> </span> </p> </div> </div> <div class="grid-4 grid-nested-last"> <div class="grid-4 grid-nested-first"> <div style="border-bottom: 1px solid rgb(255, 255, 255); height: 22px; width: auto; padding-left: 6px; padding-right: 10px; padding-top: 4px; background-color: rgb(212, 179, 210); font-family: Georgia; font-size: 15px; color: rgb(0, 0, 0); text-transform: uppercase;"> <table width="100%" cellspacing="0" cellpadding="0" border="0"> <tbody> <tr> <td width="4%" valign="middle" align="left" style="vertical-align: middle;"><img width="14" height="16" align="absmiddle" style="vertical-align: middle;" alt="" src="/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/nlogo.png"></td> <td width="96%" valign="middle" align="left" style="vertical-align: middle;">   <a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics" style="color: #000000;">economics</a> </td> </tr> </tbody> </table> </div> <div style="background: url('/web/20110102023333im_/http://www.thenational.ae/staticfiles/images/portal/bg-national-conversation-footer.gif') no-repeat scroll right bottom rgb(235, 235, 233); padding-bottom: 30px;" class="extract"> <div class="image"> <img width="200" height="134" alt="" src="/web/20110102023333im_/http://www.thenational.ae/deployedfiles/Assets/Richmedia/Image/WVGermanweb_tn.jpg" style="position: relative;" class="author-portrait"> </div> <blockquote> <p> <span class="text"><a href="/web/20110102023333/http://www.thenational.ae/thenationalconversation/industry-insights/economics/the-piling-up-of-public-debt-defeats-sustainable-growth">An emergency fund by the EU and IMF is a only short-term measure. 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