Albert R. Hunt Years ago, the conservative activist Grover Norquist was the guest speaker in a class I teach at the University of Pennsylvania. “Older people are the base of the Democratic Party,” he told the class of predominantly liberal Ivy League students. “Do you know what they do every day? Die.” Ironically, Norquist’s argument, that Democrats were on …

Mohamed A. El-Erian Since the onset of the global financial crisis, I have pointed out that advanced economies should learn policy lessons from the experience of the developing world. This argument has been reinforced by two developments last week: the destabilization of the pound after the Brexit vote in the U.K., and indications that the U.S. now has less influence …

  Emirates Business A newly-released report highlights that the UAE is leading the Arab world when it comes to generating economic impact from investments in information and communications technologies (ICT). The study, titled the World Economic Forum’s Global Information Technology Report 2016, ranked the UAE 26th globally, just ahead of Qatar (27th) while Kuwait (61st) as one of the world’s …

  Emirates Business Al Hamra Real Estate Development (AHRED) has extended its winning streak after claiming two awards at the recent MEED Quality Awards for Projects. The Al Hamra Village-based Waldorf Astoria won Best Tourism and Leisure Project UAE. The recently-launched Bayti (meaning ‘my home’ in Arabic) picked up Best UAE residential Property of the Year. “Al Hamra Real Estate …

DUBAI / Emirates Business Mashreq, the UAE’s leading financial institution, together with The Ritz-Carlton, Dubai announced the Offer of the Season, to make this summer truly memorable for Mashreq credit and debit cardholders. From complimentary dining, to a world-class spa or a luxury stay at beach-facing spacious suites for two whole nights, Mashreq has allied exclusively with The Ritz-Carlton, Dubai …

  Emirates Business As the staycation season kicks in, Dubai is the favourite leisure destination in the UAE according to a new online survey of over 1,000 UAE residents commissioned by Emaar Hospitality Group and conducted by YouGov. The word ‘staycation’ refers to a vacation taken in the country of residence. In the UAE, staycations are gaining ground as the …

  DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) recently received a high-profile Chinese delegation headed by Zhang Qingwei, Governor of Hebei Province, to explore new investment prospects to deepen economic cooperation between the UAE and China. The meeting focused on DAFZA’s leading experience in transforming into one of the world’s most advanced free zones, amid wide commendation …

  DUBAI / Emirates Business Meta Byte Technologies, the next generation technology solution provider, today announced that it has joined hands with Jedox AG, a leading vendor of Enterprise Planning and Business Intelligence software that has recently made its debut in the Gartner “Magic Quadrant for Strategic Corporate Performance Management Solutions.” The Magic Quadrant for Strategic Corporate Performance Management Solutions …

  Emirates Business ‘Cricket for a Cause’, the philanthropic brainchild of 17 year old student Ashar Yahya, surpassed its initial goal of raising AED40,000 for Dubai Cares to raise an exceptional AED43,700 for the charity. This year’s event also saw a rise in participation, with 16 stellar teams taking to the field for a good cause. After many nights of …

  DUBAI / Emirates Business Gulf Craft has announced that it has delivered another one of the shipyard’s timeless masterpieces, the 41-meter Majesty 135 (M/Y Nashwan). Treasured for its ability to deliver truly royal cruising experiences, the award-winning Majesty 135 continues to be one of the most beloved creations in Gulf Craft’s large portfolio of luxury motor yachts from its …