Emaar Malls has inked a deal with Sega Corporation to develop and operate indoor theme parks. Emaar plans to spend $4bn opening 100 malls across the Middle East, North African and Indian subcontinent. Sega is a global leader in interactive entertainment facility operations.
I can't find anything to fault in this. Good business marrying up with another good business to create a better business. I'm sure large sums were involved, but that shouldn't detract from the business sense.
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Thursday, January 17, 2008
Wednesday, January 16, 2008
In praise of...rain
Rain in the desert is a wonderful thing. Nourishment to parched ground, damping down dust, and, for Dubai, helping wash away the grime of a polluted city; it has also tested Dubai business.
• Road builders will be examining their drainage systems
• House builders will be praying the new roof is water-tight
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• Road builders will be examining their drainage systems
• House builders will be praying the new roof is water-tight
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Tuesday, January 15, 2008
King of the Roads
If nothing else, at least now Dubaians realize the importance of Sheikh Zayed Road. Close the road, the city stops.
Business may grumble that Monday's public holiday – the fifth consecutive working week interrupted by a holiday – was called late, but it was unavoidable. For security reasons, the visit of George Bush to Dubai is not something that can be flagged in advance. If the authorities then choose to close down the city's main artery for 10 hours, along with closures on feeder roads, then there is little option but to tell people to take the day off and stay home.
It is a pity Bush never got to see the real city, warts and all. The presidential bubble must think the world is full of clear roads, and smells of fresh paint.
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Business may grumble that Monday's public holiday – the fifth consecutive working week interrupted by a holiday – was called late, but it was unavoidable. For security reasons, the visit of George Bush to Dubai is not something that can be flagged in advance. If the authorities then choose to close down the city's main artery for 10 hours, along with closures on feeder roads, then there is little option but to tell people to take the day off and stay home.
It is a pity Bush never got to see the real city, warts and all. The presidential bubble must think the world is full of clear roads, and smells of fresh paint.
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Sunday, January 13, 2008
Tax: enough chat, get on with it.
More mutterings about tax in the Gulf, this time from Bahrain. Khalifa Al Dhahrani, speaker of the Bahrain Parliament called for levying taxes on profits of foreign commercial institutions. As usual in these things he did not specify the tax rate or suggest a date for applying the new regime.
"Bahrain has limited sources of income and relies heavily on oil to fund its spending. Now it needs to diversify its sources, expand its financial assets and preserve the rights of the future generations," says Al Dhahrani, reported in Gulf News. "It is only fair that foreign investors should contribute to the expenses by paying taxes."
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"Bahrain has limited sources of income and relies heavily on oil to fund its spending. Now it needs to diversify its sources, expand its financial assets and preserve the rights of the future generations," says Al Dhahrani, reported in Gulf News. "It is only fair that foreign investors should contribute to the expenses by paying taxes."
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