Despite the recent run of disappointing economic data, a broad range of experts and forecasters expect the economy to improve slightly in coming months, thanks to lower oil prices and new signs of life from sectors like automobile sand housing. Call it a firming up, if not quite a comeback. Economists at many of the most-watched forecasting organizations, both public and private, expect growth to pick up […]
By K. Raveendran | Special to Gulf News | 3/3/2006 According to WorldClimate, a portal that provides worldwide weather data over long periods of time, Singapore receives an average annual rainfall of about 240 cm and London some 61 cm per year. Compared to this, Dubai gets an average rainfall of only 10 cm for a full year. So, one might assume that buildings in Singapore and […]
K. Raveendran, Special to Gulf News When Dubai Islamic Bank announced the launch of its first property development in Dubai Marina in January last year, there was only a hint that the world’s first Islamic bank might be looking at the emirate’s booming real estate sector somewhat more seriously than the rest of the banks. But in less than a couple of years, DIB has emerged as […]
