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The world largest renewable energy project “Shams1” is opened in UAE

The world largest renewable energy project “Shams1” is opened in UAE

March 2013

The world largest renewable energy project “Shams1” is opened in UAE On 17th of March 2013, the largest solar power plant in the world is officially opened in UAE. New energy project Shams 1 is able to generate 100 megawatts of clean and sustainable energy at a cost of the project of Dh 2.2 billion ($600 million) with the sun collectors surface extending over 2.5 square kilometers. The technology of Concentrated Solar Power plant as well as its parabola shapes means the solar thermal

Cyprus bank crisis. Are  the Cyprus banks bankrupt?

Cyprus bank crisis. Are the Cyprus banks bankrupt?

March 2013

Cyprus bank crisis. Are the Cyprus banks bankrupt? How to save money. What to do.Published May 2013. Dubai. UAE. The world press is full with headlines on the headlines on the banking crisis in Cyprus: "Banks in Cyprus stopped all account transactions." "The government of Cyprus announced that deposits up to 100 thousand euros held in local banks would be charged 6.75%, others would be charged 9%. This subject is still under continuous discussions by the tax deductions and its final figures are not

Lukoil is moving to Dubai, UAE

Lukoil is moving to Dubai, UAE

March 2013

Experts comment on why Lukoil moved to Dubai, UAE: There are commonly three main reasons why a number of oil companies from different countries including “Lukoil Overseas” move to Dubai, UAE as the place to set up business. The first reason is that UAE, as you all know, is the oil reach country in the oil rich region which gives additional perspectives to work in the region or to have closer relationships with other oil and oil related companies to participate in business projects in the

New amusement park of Dh 900 million

New amusement park of Dh 900 million

February 2013

New amusement park of Dh 900 million The largest water park in the Middle East has been opened in Abu Dhabi at a cost of Dh 900 million (USD 245 billion). Yas Water World area of 150 thousand square meters is located on Yas Island, famously known by its world’s largest theme park Ferrari World Abu Dhabi and the race track, “Formula 1» Yas Marina Circuit. The new water park has 43 rides, slides and attractions for all ages, including 5 unique water slides and can accommodate up to 6.000

Dubai Shopping Festival reaches a peak of DHS 117 billion within 17 years

Dubai Shopping Festival reaches a peak of DHS 117 billion within 17 years

February 2013

Dubai Shopping Festival reaches a peak of DHS 117 billion within 17 years Since 1996, the number of visitors of Dubai Shopping Festival increased from 1, 6 million to 4, 3 million by 2012, which is 68, 7 % rise. The total spending of the Annual Dubai Shopping festival is expected to be raised to Dhs 117 billion ($31, 88 billion) in 17 years. It is actually higher than the gross domestic product (GDP) of at least 110 countries. According to the World Bank statistic, 85 countries such as Yemen,

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