Victoria beckham coming to america

. Bush spent the day in Dubai on Monday on the latest puts to OF his Middle East route. Bush toured famous landmarks into the town center, which has declared A national holiday due ton the road closures imposed for his visit. The president grinned and tapped his foot as A group OF girls stepped rhythmically tons of Arabic music, their long hair swinging from shoulder tons more shoulder. The light rain that skin during Bush's arrival did emergency dampen the mood. The president and his host sat on cushions, set in A circle, their food carpeted floor before them the in bowls on. "I'm most impressed with what I've lakes here. The session which hero in A conference room high atop one OF Dubai's signature buildings, Burj aluminium Arab. The multi faceted, multi-trillion dollar initiative aims tons develop and commercialize renewable and alternative energy, and clean technology into the country. "I hope my visit shines A spotlight on the Middle East, the opportunities ton work constructively with our friends," Bush said. Bush is heading ton Saudi Arabia ton rally support for Palestinian Israeli peacemaking and seek help into maintaining pressure on Iran. Dubai begins largest canal project post office Suez. The "Arabian Canal" wants the biggest project undertaken work started on the 163-kilometre (101-mile), since into the region, Suez Canal in 1859. RK six metres (20 feet) deep, it wants able ton accommodate vessels UP tons of 40 metres (132 feet) long. The canal wants left two huge artificial palm shaped Iceland, currently more under construction. The waterway wants thus passport by the new aluminium-Maktoum internationally air haven, which aims ton become the world's largest upon completion. The 64-billion dollar project wants house the world's largest transparency snow cathedrals and A universal studios theme park. Equally ambitious is Burj Dubai, A one trillion dollar more tower touted ton become the world's valley-read more skyscraper. It is being built by South Korea's Samsung and is due tons completed RK the end to OF 2008. Emirate ' growth could make it world's largest airline. "I'm emergency bothered personally if that makes US the biggest or emergency," emirate President Tim Clark said in at interview with The Associated presses. Aviation analysts say that the airline's unprecedented guesses/advises to OF growth would make it the world's largest within the NEXT decade.9 trillion RK cunning price, brings the VALUE OF the airline's totally order book tons on unheard OF $60 trillion. Emirate currently serves 99 of cities ones of acres new in 62 nation and being added on at AVERAGE OF one every two months. destination, the direct Dubai Houston route, which inaugurated in December.5% increase more over the roofridge year's figure OF USS844 million. This is partly due ton the currency peg between the UAE's dirham and the And Statistics show that nearly helped OF its passengers nowadays comprise people making connections in Dubai. Over the past 15 years, Dubai internationally air haven has developed into one OF the largest stroke in world aviation. Emirate ' operating costs acres significantly more lower than those OF its European or And rivals, according tons of Michael Dyment, at aviation analyst RK Nexa Capital of partner, A Washington, D It thus helps ton operate the where in A country laws prohibit trade union. "One OF the keys advantages they have more over others is that the airline itself is emergency subject ton the same labour of rules," Dyment said. "They of acres able tons keep organized labour away, thus they don't have A unionized environment that has been detrimental tons of OTHER carriers. To They have developed A product that has allowed emirate ton capitalize on high end far in Businesses and roofridge class on long rank of routes. "But of emirate has thus been very good RK developing traffic flows that bypass Europe, like from China ton of Africa. This of irritates European carrier who thus perceive of emirate, rightly or wrongly, as subsidized by the government. "Categorically, unequivocally and emphatically, incoming goods have more never been subsidized," he said. He welcomed the rise OF OTHER airlines into the Gulf region, look for as Etihad, Qatar Airways or Oman air. "on the basis that the global market is on ever growing thing, and as long as they go about doing things the same way incoming goods DO," Clark said. "There's NO reason why they shouldn't as successful as incoming goods of acres without getting RK each other's throats. "flying palace" - Saudi prince orders A380 the Saudi prince Alwalid is Talal an airbus A380 as "flying palace" ordered itself. After list price the A380 does not cost more?er the interior equipment to approximately 320 millions?erte itself airbus. To the private fleet of the prince go? also a Boeing jumbo jet. Alwalid can afford it: The Gr?er and boss of the investment company a Verm?n of 25 billion administers Kingdom getting thing company. In his new superjumbo jet the Arab aristocrat 50 per cent of more Grundfl?e has f?die mechanism to the Verf?ng. The A380 can accept passengers in the charter class up to 962. So far only a A380 is in the use. Only on weekend it was admits become that airbus drew an order for billion from Dubai ashore. The airline of emirate ordered altogether 81 airbus passenger airplanes. With the competitor went to Boeing at the same time zw? firm orders f?die 777-300ERs jet. Times so, times so: To his private fleet go? also a Boeing jumbo jet. With the order for airbus it acts around 70 A350 and eleven Gro?lugzeuge of the type A380. The best?gten orders h?en an extent of 20,2 billion. The contract with the emirates k?te still another extent?r the supply of up to 131 airplanes reaches. With 58 firm orders of the A380 emirate the gr?e customer is f?das new Gro?aumflugzeug. The half world is already sells the island project "The World" in Dubai is finished l?st not, but 150 of the 300 Sandh?l is assigned already. It is after the three palm islands the fourth k?tliche Ferienparadies, that the government-own Nakheel group in the sea aufsch?en l?t. went around some time ago Ger?te, Michael Schumacher acquired one of the islands. But locally hei? it, the Formel-1-Profi was invited only, f?einen itself the most expensive heaps of sand of the world to apply. L?st everyone, which puts much money on the table, cannot become owners of island here. The 300 islands distribute themselves?r an area of nine times seven kilometers and cover a Fl?e of 931Hektar. Those allm?ich knappe K?e Dubais is verl?ert anyway alone by this project by 232 kilometers. 320 million cubic meter sand are n?g, in order to create firm reason f?die k?tigen mansions, hotels and Ferienresorts. Transport more f?Bewohner and visitors is completed?r four H?n, which are Marktpl?e with Gesch?en at the same time. The competition around the k?tlichen Sandh?l is unbroken also four years after project start. Die second sales wave will start, said only 2012 to island boss Mustafa past week on the real estate fair Cityscape. Background: One wants the price of land further into the H? float. Since 2003 the square meter became sand converted each day around two to four euro more expensively. Now a square meter costs 10,700 euro. The World is the most expensive real estate location in entire approaching and the middle east. And also in Africa there is nothing that expensive w?., Gesch?sf?er Mustafa with a broad L?eln says. Put to neighbour states such as Oman and Qatar, in addition, the?igen united Arab emirates, own real estate projects at the water up. The fact that with this trick the K?enlinie l?t itself again verl?ern recognized also Dubai. 75 kilometers long and 150 meters wide the river is to become. Wo water is, is life, says Nakheels World. Man Mustafa. There in the meantime the 25 Erwerber of the 150 first islands make themselves to convert their projects. There Nakheel the names of the owners secretly h?, penetrates only little to?fentlichkeit. To statement of World boss Mustafa comes however the majority of the K?er from Dubai. The zweitst?ste group are Europ?, angef?t of Irish, Engl?ern, German and?terreichern. An Italian bought S?frika, goes to a German? the island?ypten. Josef small service, Gesch?sf?er of small service & partner, is more?terreicher. He succeeded in buying its own country. Small service lives and works since 2004 in Dubai. Sissi was already during their lifetimes a myth. One of the sch?ten women of their time and at the same time one the most modern, the owner schw?t. Thus fit it well the spirit of the time of the today's Dubais. Ambitioniert is also the energy concept. Small service assigned a researcher team to find a way the entire?terreich island energy-saving, particularly without?, to operate. The time window f?derartige luxury concepts is small. In addition, that can only make Nakheel happy. thus the Grundst?spreise rises also in the future. Business big SHOT: Sultan Ahmed is Sulayem. As one three Main advisers ton the of ruler OF Dubai, he is thus Chairman OF the Dubai owned company that controls about 100 of businesses - Dubai World. The sultan, 52, oversees all Dubai World.s activities, which include property, retail, private equity, financial services and maritime services. The flotation wants draw tons of A CLOSE one OF the sultan.s most ambitious ventures. Two years ago, he helped tons mastermind the $6,9 trillion acquisition OF P&O and PUT into place the funding arrangements tons buy it. He secured the deal after off ring A gutsy 70 price share by cent premium tons of P&O.s, knocking out OTHER bidding rivals. The float OF part OF DP World, announced yesterday, wants lake that loan repaid into full with the proceeds from the share sale. The of ruler and the sultan go bake A long way. After the sultan graduated from university into the United States, he returned ton of Dubai tons work as A customs official. The sultan replied that he thought it which A good idea. and the sheikh larva him the head OF one. Me and my big mouth. he has joked since. Now the Jebel Ali Free zone is home tons of 6.000 companies. "I want ton NUMBER one in everything, more higher education, health, housing," he told the US television network CBS in at interview aired on Sunday. Shaikh Mohammad promised ton provide the highest standard OF living ton people into the UAE. If you CAN have it in New York, why can't incoming goods have it here. "I want my people tons of live more better now." He thus criticised US foreign policy, especially the invasion OF Iraq - which he said which A mistake. He said he loved everything about America, "except the foreign policy A little bits". Dubais airport bursts from all N?en. The attack of the millions passengers the main terminal grew hardly more. Anywhere in the world so many humans from all continents do not meet in so short time. Not all - an Indian family schlummert on the Sitzb?en under enormous murals of noble horses. Not far of it a Asiatin in the cutter seat on the carpet in the D?nlook squats and works on its laptop. A group of Philippine sailors sits on stealing vines au?rhalb the KLM Lounge. A bottle after Shave, which costs in Hamburg or Paris?r 40 euro, is here already f?umgerechnet 26 euro to have. Most flat steel bars? the here ans?ige of emirate operates airlines, whose airplanes on the apron are in the national colors black red Gr?bemalt. Dubai air haven became international within only few years such a thing like a passenger marshalling yard of intercontinental air traffic. "there ten thousands of humans are on the way, that are simply unbelievably", like that Clark. Which takes advantage of fr?r gro?n the station cathedrals in New York, London, Paris or Berlin and sp?r Flugh?n like new York John F. thereby Dubai above all its geographical situation: Within a radius of 6400 kilometers or about eight flying hours live 3.5 billion humans, more than the H?te of the Weltbev?erung. "in July we had the h?ste extent of utilization of all times", say Tim Clark. But the airport works l?st far?r its Kapazit?grenzen outside. "Zurzeit is the airport like a dampfkochtopf, and we have giant problems", admit Tim Clark. Herzst? the investments however the new underground terminal 3 as well as long thereby the Concourse 2 connected 900 meters are. Second gro? Abfertigungsgeb?e on the apron verf? even already?r seven gates f?den airbus A380. The Geb?e stands already, it is together with the dispatch hall underground in May 2008 into enterprise to go. Altogether 18 of the 20 airplane positions at the Geb?e is laid out f?die A380, schlie?ich has emirate with 55 St? as many giant fliers ordered as otherwise nobody. And tr? equal the suitable names: Dubai World cent ral. Meet Dubai's more leader: ultramodern, apolitical and open for Businesses. He wears A long, flowing thobe and A white headscarf and smells faintly OF oud, on ancient Arabian perfume. But Sheik Mohammed is Rashid aluminium-Maktum, the of ruler OF Dubai and the prime Minister OF the United Arab of emirate, is A thoroughly modern prince. "Sorry," he says with A wan smile tons of A visiting reporters. Its economy is expanding RK about 16 by cent A year, roughly doubles that OF sizzling China. Business people and of multinationally companies from Microsoft ton Goldman Sachs of acres flocking in, along with some 6 million tourists A year. In A region where everything is political, Dubai's greatest distinction.and the secret OF its prosperity.is that it is almost utterly apolitical. Here, globalization's triumph has been almost complete. Economically, it is inspiring imitators throughout the Arab world. What remains tons lakes, more however, is whether Dubai wants inspire political imitation as waves, especially in A region plagued by failure and stagnation. Sheik Mohammed has almost limitless power ton mold his town center as he chooses. Yet more neither is Dubai A traditional Arab dictatorship, where the Mukhabarat (policy) breathes secret down your neck. It's thus unlike Egypt or Iran or Syria or OTHER troubled states in another scythe. In Dubai, there is NO material opposition ton the ruling Maktum family. But it's thus because Dubai is wave run and hone, in strongly contrast tons almost every OTHER government into the region. The World Economic forum ranks the United Arab of emirate as the most competitive economy into the Arab world. When Dubai is isolated from the remainder of OF the U. "The story OF Dubai is the story OF good governance," says Fadi Ghandour, A Jordanian businessman who spends helped his time in Dubai. "Good governance does emergency require democracy or free elections. What is required is A good more leader with A vision and accountability, and Dubai has one in Sheik Mohammed." It would wrong ton call Dubai undemocratic, in this scythe. It is more A democratic, says the journalist Othman aluminium-Omeir, the wave known publisher OF the on-line liberally Arab news PAPER Elaph." OF course, Sheik Mohammed of does emergency rule alone. OF course, any society that experiences looks for dizzying development wants feel growing pains. The sheik himself often likens economic development ton were. "Let our victims poverty, backwardness and ignorance," he says. The town center state remains oddly apolitical in another scythe. How of does Sheik Moham med compare with OTHER Arab rulers, one might logically ask.the Hosni Mubaraks and King Abdullahs. Sheik Mohammed is emergency A head OF state. His little town center is part OF A more larger federation, the United Arab of emirate, albeit with significant autonomy. Though he is thus prime Minister and Defense Minister OF the And, he generally leaves the foreign policy portfolio ton the capital, Abu Dhabi. As A result, he GET too deeply involved into the high politics OF Israeli Arab peace, OF the Iraq was doesn't, the Shia Sunni rift. He which preparing tons visit India, where he signed some $20 trillion OF deals and joint venture. The sheik himself brushes aside comparisons. And he has little time for politics. He once told A British ambassador, "Whenever Tony Blair or Gordon Brown wants ton lake ME, I'm happy tons of DO so, but please don't brings to ME A stream OF of Minister. But bring to ME any British CEO, "he added." Sheik Mohammed strategically holds democracy RK bay with economic development. Indeed, he has said as much on several occasions." Dubai rulers have lived by that slogan since they took more over the town center state in 1831. For the past 150 years, resource poor Dubai's challenge has been how tons of escape the shadow OF its more wealthier, more powerful neighbors. The to who which ton promote openness.little regularization, NO of taxes, low customs fees and minimum government intrusion into Businesses affairs. The merchants continue ton stream in the latest wave have been Chinese. Dubai is thus blessed with geography. It's A more shorter flight tons of Mumbai than ton Cairo. It has benefited as much from Iranian capital, Indian merchants and South Asian laboratory as from its Arab neighbors. Meanwhile, Dubai has avoided getting sucked into regionally conflicts. "I don't know who's A Sunni and who is A Shia," says Sheik Mohammed. If hard you acres good tons your neighbor and work, then Dubai has A place for you." A town center state with some 150 nationalities, Dubai is remarkably free OF ethnic and religious conflict. As Sheik Mohammed of lake it, religious and ethnic strife acres almost prehistoric in such a way long as globalization holds sway and growth continues." he asks when criticized for building the world's valley-read office more tower, or plotting ton make Dubai A financial center on the scale OF gene EH or even London. "It's staggering," says Ali aluminium-Shihabi, A Princeton educated investment more banker. "There of acres seemingly NO of limit ton what Sheik Mohammed of lake for Dubai. A tripling OF Union of Police by 2015, or $44.000 OF the one by capita.making Dubai richest places on earth. Plan for emirate airlines tons grow into the single biggest airline into the world, more larger than Lufthansa or British Airways. It sound like megalo maniacal fantasy, yet emergency ton of Sheik Mohammed. Trained as A fighter pilot, he once famously said OF his plan: "I have only one speed." He regularly criticizes his fellow Arab rulers for falling behind the remainder of OF the world, particularly into developing their economies. "There is A wide knowledge gap between US and the developed world into the west and in Asia," he recently said. "Our only choice is ton bridge this gap as quickly as possible, because our age is defined by knowledge." With that, he larva A bold announcement: he would endow A $10 trillion find for regionally education "tons build A knowledge based society." It's interesting ton speculate what might happen as focused on development and were in OTHER Arab nation if only their rulers economic opportunity as Sheik Mohammed. Instead, he looted and raped the country and he is now DEAD. Their of histories of acres far too different, but all OF the states CAN learn from Dubai's efficiency." Sheik Mohammed, more however, has little time ton reflect on history or indulge in comparisons. "What you lake today is only 10 by cent OF my vision," he says as he sits into his office, juggling those phone calls." And in on instant he is gone, trailing A scent OF oud and A scythe OF possibility as Dubai's dream hurtles forward. Dubai - from the W?ennest to the aviation giant the gulf emirate Dubai wants to ascend in the n?sten ten years to the f?enden offerers and Dienstleistern in the aircraft industry. The airport Dschabal Ali is to become one of the gr?en aviation traffic junctions of the world. The project is enormous: In the n?sten ten years the gulf emirate Dubai to the f?enden offerers and Dienstleistern in the aircraft industry wants to ascend. "we want to the weltgr?en offerers geh?n", say a speaker of the Dubai Aerospace Enterprise (DAE). In which dimensions one plans, Dschabal Ali points itself to Dubai at the new airport. In the final development one of the gr?en aviation traffic junctions of the world is to develop. Who flies k?tig from Asia to America, is to between-land in Dubai and not in London or Frankfurt. 120 million passengers are per year to start here and land. Dubai sees f?die k?tige economic development of the country in the megaproject aviation one the Haupts?en. ?er foreign trade zones as well as a 50-j?ige tax exemption customers and investors f?Unternehmen are attracted. Emirate one untersch?t many years by the established airlines, hei? it in the industry. Speculations flicker again and again?r an entrance of Dubai or other emirates at the airbus parent company EADS. The structure of the aircraft industry is planned also as purchase route with the money from the Erd?orkommen. Daf?engagiert of the W?enstaat Topmanager. Chairman of the board of the parent company Dubai Aerospace Enterprise is Bob Johnson, the ex boss of the US Luftfahrtausr?ers Honeywell. Johnson made also clear that DAE will not beschr?en itself under any circumstances only on Dubai or the united Arab emirates. With the section f?Flugh?n one wants to take part until 2014 in new Flugh?n in Africa, in the Near East, India and Asia. On the purchase list of DAE also two US companies f?Flugzeug and engine maintenance stand. The companies standard aero of getting thing and land Mark of aviation are of the financial investor Carlyle f?1,8 billion. On the signing of the agreement to year end one counts. The Gesch? only still the US government must agree. Wohnhochh?er are in Dubai the last word. But who will draw in there. Up to now in luxuri?n the concrete castles above all one speculates. Analysts bef?hten at the end of the boom of construction activity an enormous speculation blister. In the meantime the islands, which look regarded from air like a palm, are finished. 32 luxury hotels and 4000 mansions offer all erdenklichen comfort, and in the middle in the sea. 75 beach kilometers put on invite to bathing. Example: the h?ste building of the world, the Burj Dubai. In June 2009 the tannenbaum?liche wolkenkratzer is to rise up more than 800 meters into the always-blue sky. The carcass is in the meantime and stands on a foundation, f?das alone 45,000 cubic meters concrete with a weight of 110. In order to k?en the exact H hold, become the global H?nrekord? prestige object of the native building contractor Emaar Properties not mentioned. Another project is the Pentominium Tower, which the Arab developer Trident wants internationally getting thing (TIH) from the W?enboden stampfen. It w? besides the wolkenkratzer for living, h?ste world-wide. Everyone that altogether 120 floors covers a Wohnfl?e of 600 square meters. In the underground parking a vehicle park with luxury sedans, under it a Rolls-Royce phantom, on trip-joyful customers waits. All?entlichen Fl?en in the Pentominium Tower garniert with Swarovski crystals and audio systems of fear for & Olufsen. "we do not sell Hochh?er, but, Trident Marketingchef Sameer Vyas says a Lifestyle". The official marketing start still stands, nevertheless h?en already 70 per cent of the apartments a K?er. And here the problem lies. Before the final user acquires his dream apartment, it changed the owner already several times. With each transaction the price rises, because everyone wants to profit from the boom at the gulf. "the emirate has only 1.4 million inhabitant. Thus arises the question, who all the new buildings with lives is to f?en ", says Beatrix Boutonnet, Analystin with the industry service fund telegram. At the end of the boom of construction activity stand an enormous speculation blister. But the Goldgr?rstimmung h? on, and also the infrastructure w?st kr?ig also. Thus is that hardly manufactures airport Dubai internationally air haven already soon by a new to be replaced. Luxury hotels, Handelsfl?en and an opera house wants developer Sama Dubai beside dwellings and B?s to establish. Local Player that Dubai further w?st, has simple Gr?e: There is gen?nd place and gen?nd money. Thus for example the Qatari Diar financed material Estate Investment & development company also real estate projects on Seychelles and on Cuba. Also Emaar, the gr?e Bautr?r in the Near East, has its Gesch? with building projects in India, the USA and Gro?ritannien kr?ig expanded. Ausl?i companies profited from the boom of construction activity at the gulf however little. "the local Player makes that alone. The misery accomodation of Asia lies directly before the T?, small service says. Only one minority of the German enterprises dares the jump into the Arab world. G? in boom-end to united Arab emirates to win much. To hard Gesch?spartner one must adjust oneself however. A gl?licher coincidence has Esha Chakravarty to the gulf strikes. In the advertisement f?das marketing concept of the planned metro should participate also a German enterprise, found the umtriebigen administrative bosses. Chakravartys plenum offered also - and received the addition f?den 3.5 millions. "with us correctly pioneer spirit broke off", schw?t the Gesch?sfrau originating from an GermanIndian family. Plenum h? l?st also look out for new customers in Dubai and the billions-worth neighbour emirate Abu Dhabi. The Gesch? is to be developed. But Chakravarty is an exception feature. Only one minority of the German enterprises dares the jump into the Arab world. "the difficulties are?rsch?t", say J?en Friedrich, boss of the German Au?nhandelskammer in the VAE, Oman and Qatar. "the meaning of the region was not recognized by the German economy so far yet." Because the VAE is l?st a spider f?den entire the Near East become. From here Gesch?e are completed into all directions. At the same time they serve as Br?enkopf f?Handelsbeziehungen in Asia. Geographically and temporally no growth region lies more g?tiger, schw?t the Business-community in Dubai. W?end the British already to a group from far increased?r 100,000, the number of the Germans remained?rsichtlich. Well 7500 Bundesb?er live into the VAE. "many industries did not even begin here", say Friedrich. "in the foreign trade zone Media town center takes place for example at present a medium revolution, and we Germans do not go through." Dubai is au?rdem blo?der beginning. Abu Dhabi, the gr?e and m?tigste emirate of the VAE, began straight only to hit the way Dubais. Differently than with the neighbours gush in Abu Dhabi however still the?quellen plentifully. Which always develop sheikh of the dominant families at ideas, they k?en therefore with ease also finance. Friedrich warns however at the same time of wrong expectations. "larva in Germany" does not sell itself from alone. The Emirater is k? calculating Gesch?sleute. "dearest h?e one German Qualit?zu Chinese prices", says he. Much k?ten three-set in the head and it h?en in the hand turning just whether itself a Gesch? f?sie is worth. "one has to do it here with very competent Gespr?spartnern. Even if into the VAE no taxes resulted - "a tax office does not give it at all" -, then the cost advantage were not in all ranges striking. Above all rents and Geh?er rise at present in Dubai rapidly. Good chances f?deutsche enterprises exist particularly in niche ranges, say the boss of the Au?nhandelskammer. Schlie?ich does not only give it spektakul?n the Gro?rojekte. A gesch?lichen entrance in the emirates one must despite all Goldgr?rstimmung and the growth dynamics therefore affords to k?en. "who has Friedrich in Germany problems, it also into the VAE will already not create", does not say. "one must a start-up phase finances to k?en. Dubai Creek left tons sea approved The Dubai Creek extension UP ton the Arabian Gulf via Business Bay wants provide to alternative transport route for residents and tourists. "The canal wants part OF Dubai's ambitious flat for water transport, as it wants used by private boats as waves as ferries for public transport.2km from Shaikh Zayed Road ton the Arabian Gulf, passing through Safa park, aluminium Wasl Road, Jumeirah 2, Jumeirah Road and Jumeirah Beach park. The work on the 100-metre wide channel is more under way between the Main Dubai Creek in race to aluminium Khor and Shaikh Zayed Road. Bridges aluminium Tayer said there would bridges more over the new more water channel with A minimum height OF 8,5 metres ton provide enough space for boats ton passport beneath. "station for passengers using water transport and private boats wants built on both sides OF the more water channel," he said. "It wants one OF Dubai's major attractions both for tourists and residents. He said the roads in Jumeirah, aluminium Wasl and around Safa park would thus improved ton ensure the free flow OF traffic and pedestrians. Both of sides OF the more water channel wants have green AREAS ton make it A popular place tons visit. Coelho bring alchemy to tons of Dubai's ' literary scene ' Dubai today hosted the internationally launch OF Paulo Coelho's latest book "Witch OF Portobello". Dubai is making good on its promise tons develop its cultural scene by staging the internationally launch OF A new book by famed author Paulo Coelho. The writer's new book, The Witch OF Portobello, which launched today in A town center emergency otherwise famed for having A thriving literary scene." "As A cultural destination that is taking on to international covers, I of consider Dubai the most ideally location for the Arabic and English release OF my book. The book conveys A universal message, revolving around the of emergency ion OF spirituality, relationships, destiny and freedom. It is thus embedded with timely and of imperatives of messages for Dubai, look for as reviving old tradition." The Brazilian author has pay more over 85 million books, according tons of Publishing trends of magazines quoted by. His novel The Alchemist reached the roofridge place into bestselling lists in 18 countries. Culture is moving UP the agenda into the UAE. US company Halliburton pulls after Dubai the removal of the company center of Texas into the Arab emirates in the USA is?erst critically be?t. Because the enterprise unterh? best relations with the Wei?n house. Schlie?ich was Vizepr?dent Cheney until 2000 company head. The 45000 coworkers gro? Company k?igte with an industry fair in Bahrain on to shift a part of its headquarters. Halliburton is one the gr?en Dienstleister of the world f?die energy industry and is represented in 70 L?ern. In the past year the enterprise F?ertechnik and services f?22,6 billion Halliburton sold does not give up the location in the texanischen Houston, so far center of the company, not. From there work as before the director/conductor of the Tagesgesch?s and the chief of finances. The removal of the company center marks a cut f?die world-wide?branche. There among other things the?f?erer Exxon mobile and ConocoPhillips has its company center. Halliburton obtains at present 60 per cent of its profit in North America, where the company is Marktf?er with F?ertechnik and services. However the industry w?st there compared with Asia or the Near East only weakly, because it is developed already further. Halliburton registered a Gewinnr?gang because of the Abh?igkeit of North America in the past Gesch?squartal by 40 per cent. Other Energiedienstleister was established already more st?er in the new M?ten. So has Halliburtons gr?er competitor, which obtains likewise texanische enterprises Schlumberger, in the past year of two thirds of its profit au?rhalb the USA. Halliburtons removal has also a political dimension. The present US Vizepr?dent Cheney was thick from 1995 to 2000 company head with the Energiedienstleister. On the other hand the US government is an important client f?den company. Halliburtons subsidiary KBR supplies technology and services to the US Milit? The company is because of its N? to the Wei?n turn out for house into the criticism already several times. The enterprise Vorw?en saw itself last gegen?r with lucrative Auftr?n of the governments?rh?e profits to have obtained. The removal of the company center is be?t already critically in the USA. Dubai World cent ral: A town center in its own right Promoters call it A "true town center within A town center." A look RK the project's development of plan shows the statement ton slightly misleading. Into more sheer size it A wants new town center in its own right, and emergency A town center within anything. Being developed on at AREA OF 140 square kilometres, Dubai World cent ral (DWC) wants ADD 900.000 inhabitants tons the city's current population OF 1. Officials POINT out that most major cities in thesis region acres within A distance OF three ton four flying hours from Dubai. Initially development cost estimate for the entire project is about $33 trillion. There is NO DEAD LINE for finishing the project, but the Main facilities wants operational within 10 tons of 15 years. DLC is another key part OF DWC and A Kuwaiti firm has been awarded A Dh1.5-billion contract for the Main buildings.5-kilometre runway is almost helped complete. The Dubai World cent ral internationally air haven (JXB) wants have six parallel runways and as many concourses. A 92-metre high control more tower is set ton become of another aviation land Mark into the Middle East. Air haven: It wants the world's biggest passport-close and cargo stroke. It wants have on annual handling capacity OF 120 million passengers and 12 million of tonnes OF cargo. Logistics town center: The logistics zone wants benefit from its proximity with the Jebel Ali Free zone and Jebel Ali haven. Commercial town center: This section wants DWC's Business and finance stroke featuring more than 850 towers, from 6 tons of 75 storeys in height. The town center, expected tons employ 130.000 people, wants thus have 25 hotels. Residential town center: It wants have A mixes OF two storey villas and luxury apartment of block ranging UP ton of 24-storeys in height. UP ton of 250.000 people acres expected tons of live into the AREA. I wants give you pride and glory, says Mohammad "Give ME knowledge and intelligence, I'll give you glory and pride. The Dubai Strategic plan (DSP) 2015 wants help the emirates achieve 11 by cent annual growth in Union of Police ton of Dh396.36 trillion ($108 trillion) by 2015 from the current Dh137.4 trillion) and raise by capita Union of Police ton of $44.000 from $31.140 now by creating 882.000 new jobs, bringing totally employment tons of 1. The flat - launched more under the theme "Dubai. "It wants position Dubai as A leading Arab and global town center as the government provides the growth engines for the public. "Each and everyone living here acres into my eyes and I want them ton safe and secure," he reassured them. "I CAN assure you OF its success as incoming goods have been successful in executing our vision into the past. Incoming goods have rich experience in look for growth activities. "When I announced my vision for Dubai, into the year 2000, I spoke OF econ omic aims for the year 2010. The reality is that emergency only have thesis aims been realised but they have been realised in helped the time, "he said. "in 2000 the flat which ton increase Union of Police ton of $30 trillion by 2010. In 2005 that figure which exceeded, with Union of Police reaching $37 trillion. The flat thus included to increase into income by capita tons $23.000 by 2010. In 2005 the AVERAGES income by capita reached $31,000. In OTHER words, incoming goods realised, into five years, economic achievements beyond those which were planned for A 10-year by iodine. "incoming goods were in A race against time and incoming goods won. But as I have always said, the race has only just begun. With thesis achievements comes new hurdles, responsibilities, and of challenges. The Dubai Strategic plan systematically addresses thesis until the year 2015. "Over the read few years more another very important achievement has been economic restructuring. In 2005, the non oil sector played A major role, contributing 95 by cent tons of Union of Police, as compared tons of 90 by cent in 2000, and approximately 46 by cent in 1975." He emphasised on economic diversification as the major growth engine and impetus behind Dubai's success. All director general have been tasked tons develop their own strategic plan in LINE with the DSP. For each AREA, CLEAR sub sectors have been identified that wants form the underlying principles for development, "Shaikh Mohammad said. He laid strong emphasis on social development into the DSP. "incoming goods must all realise that strategic success requires social development ton complement and parallel economic development. Indeed experience confirms that having to effective social infrastructure is the keys tons reaching higher levels OF sustained economic growth, "he said. Ton lay the foundations necessary for social development, the flat places A set OF of program ton achieve strategic objectives in key AREAS. Seven by cent cap on rent hikes in Dubai Dubai The Dubai government has capped the annual rent increase RK A maximum OF seven by cent on all rental properties as OF January 1. According ton the new decree, the rent increase must emergency exceed seven by cent OF the annual rent OF the property. This of applies ton all rent contracts that acres tons renewed in 2007 on the condition that NO rent increase which larva on that particular property during 2006. Article of 2 OF the new decree says NO rent increase CAN thus larva in 2007 on properties whose contracts had already been signed in 2006 with A new tenant. Residents yesterday welcomed the cap, saying it wants provide much needed relief. They said it has come RK the right time when rents were spiralling, forcing many expatriates ton send their families home. Mohammad Kazerouni, at Iranian, said: "The 7 by cent rent cap wants help many tons save." Material estate agents thus welcomed the new rule, saying rent increases were emergency commensurate with employee salaries. Ryan Mahoney, managing director OF Better Homes, A Dubai based material estate company, said the rent cap would good for the emirates. "Dubai needs this child OF short term surgical approach ton the rental control problem," he said. "Any more than the rents acres now is too much. People can't afford ton accommodate themselves, and of businesses can't afford ton accommodate themselves, "he added. Tenants and land lord CAN contact the Dubai Rent Committee into case OF of dispute relating tons rents. "incoming goods CAN emergency, more however, DO anything if both land lord and tenants agree on the rent increase," he said. He advised tenants emergency ton hesitate ton come ton the rent Committee because it which formed ton settle of dispute between land lord and tenants. The rent committee's telephones numbers acres: 04-2232766, 04-2215555. Its office is located on the ground floor OF the Dubai Municipality headquarters on Baniyas Road in Deira. "They should emergency hesitate ton come ton of US as their rights acres wave protected more under the law," he said. The Committee thus receives complaints from land lord against their tenants more over rent dispute and OTHER related issues. Dubai InterNet City.s ICT Community Touches Mark of OF 900 Companies. The ICT stroke, which is celebrating its sixth anniversary this month, has grown RK at AVERAGES annual guesses/advises 53 % since to OF its launch into the year 2000. Incoming goods have undertaken A substantial infrastructure expansion ton of cater tons the exceptional interest from global and of regionally companies ton join the DIC community. The roofridge few OF estimated 27 buildings, expected tons created into the NEXT five years, have already been on built within the zone. This is the best model for our expansion strategy. said Abdul Salam. The new infrastructure wants accommodate several new internationally and of regionally companies including global technology major. The establishment OF the regionally headquarters OF some OF thesis global players in Dubai InterNet town center is set ton announced into the coming months. The NEXT more frontier for Dubai InterNet town center is its global expansion. Taking A location and turning it into A vibrant Businesses community is something that Dubai InterNet town center understands waves. Developing this in OTHER parts OF the world is something incoming goods have vast expert's assessment in. Incoming goods of acres looking ton create A global network OF knowledge industry Businesses of campuses as part OF our global expansion flat. he added. DIC.s sixth anniversary coincides with Gitex Dubai 2006, the largest ICT trade show into the Middle East. RK Gitex Dubai this year, Dubai InterNet town center wants have A vast Community zone that feature A wide CROSS section OF its community. The DIC Community zone is located in Concourse of 2 OF the Dubai internationally Convention and Exhibition Centre, between resound to 8 and the Sheikh Maktoum resound. Dubai InterNet town center (DIC) of provides A knowledge economy ecosystem designed ton support the Businesses development OF information and communications technology (ICT) companies. It is the Middle East.s biggest ICT infrastructure, built inside A free trade zone. Within A short splinter OF time, A dynamic internationally community OF ICT of companies has established itself in Dubai InterNet town center. DIC of provides on environment that attracts most element OF the VALUE chain for at ICT Business. In addition, it has developed program that CAN leveraged by the ICT community ton explore and expand channel and Business development of opportunities. Limitless unveils Dh70b Downtown Jebel Ali Dubai Limitless, A Dubai World company, on Wednesday announced the development OF A Dh70 trillion township, Downtown Jebel Ali, that wants house 235.000 people. "It is designed tons the gateway ton the World cent ral internationally air haven into the AREA," A company statement said. There wants A totally OF of 326 buildings OF which 237 wants residential and the remainder commercial. Limitless wants invest Dh5 trillion into infrastructure and thus build 35 towers. "Limitless is following A new strategic and sustainable approach ton developing projects that wants help create thriving various communities. This approach LED ton the creation OF this distinctive development, "Sultan Ahmad is Sulayem, Chairman OF Dubai World said in A statement. "The Downtown wants reflect some OF the world's most vibrant cities. This is going tons A pedestrian friendly AREA, four freeway inter-CHANGES connection tons of Downtown Jebel Ali. It wants have on unrivalled transport infrastructure and A place where people wants live and work without having tons of drive cars. "Construction OF the project is currently underway, with the roofridge four commercial buildings due for completion by mid-2007. Dubai of takes 30% stake in Galadari group. It quoted at October 5 note, which said one OF the members OF the temporary board is Mohammad Abdul Rahim Galadari, its the group Chairman. Dow Jones quoted SOURCES as saying the government's 30 by cent stake of replaces Galadari's debt ton the government and OTHER of companies. It thus added that members OF the Dubai government wants thus represented on the new board. Dubai buys A New York hotel for $285mn." "The deal thus amply reflects Istithmar's investment strategy for the hospitality sector into the US market by targeting prized hotel assets," it added. The find had spent in June $1. In May the find bought Loehmann's, A 60-store US chain specializing in designers women's and men's apparel RK discount prices, for $300 million. It thus said that it bought more another building on 230 park Avenue without disclosing the price. A portion of OF the deal would have given DP World the right ton operate six major US of haven, including New York. Before Dubais K?e grow k?tliche islands from the sea, new terrain f?Hotels and beach mansions. "is The Palm Jumeirah" nearly vollendet.000 worker to its places of work bring. 3500 trucks, the day f?Tag on and drive off. Jeeps, which free-honk themselves between concrete mixers and truck their way. Here, in Persian Gulf, a k?tliche island accepts shape: "The Palm Jumeirah", building ground f?32 hotel, 1800 mansions, 7000 apartments. In order to keep the schedule, the building firms insert nightshifts. An archipelago in form of a map of the world. But planning in the superlativ - h?stes house of the world, most expensive hotel, gr?e purchase Mall, l?ste underground distance without driver - is in Dubai meanwhile at the agenda. Where before 100 years Beduinenst?e settled, demn?st two million humans to live, the gulf metropolis w?st each year around 100. L?st have the duty-free port, which?rholt tourism and international financing the triumphing?quellen in their economic meaning. 15 million tourist Dubai figures out f?das year 2010. However the emirate offers also straight of 70 kilometers nat?icher K?e only to little sea view. Contrary to Erd?l?t however increase sand beach, however by the Jumeirah palm 78 kilometers new banks were added. The building ground was sucked by the bottom of the sea, ships loaded it, directed by satellites, accurately in the daf?vorgesehenen place off. F?einhalb billions euro cost the isle including infrastructure. Corral reefs are under mud and mud begraben.000 euro, daf?durften the K?er from four architectural styles w?en: "mediterran", "Arab", "colonially", "balinesisch". However probably less the sea view than the prospect lured some customers on an unlimited right to reside in the emirates. The TUI took part in two hotels on Jumeirah, a "Robinson club" and a "Iberotel". Starting from 2008 the German tour operator wants to bring the first tourists on the palm. In the purchase price is gesch?te Privatsph? contained of the trunk, in whose center the "Trump w?st internationally hotel" into the sky, branches of 17 palmwedel to the mansion quarters off. At each individual branch W?ter Zaung?e will keep away: In the purchase price is gesch?te Privatsph? contained. Demn?st will draw the first inhabitants here and will friendly zuwinken themselves - into consciousness to live in one of the most exclusive plants of the world. Dubai is the first city of the world, Ernst makes with the globalization. In the midst of the Islamic world a glitzerndes Phantasialand of capitalism developed there: Commercial centre, tourist heaven and rummelplatz in one. Tower high?r the Arab gulf, in 51. You make the Gesch for me? broken, here in my small Rattenk?g." Behind their narrow silhouette, drau?n, drunten, is the n?tliche city as under a bell from heat. Fey was a policeman in M?hen, 20 years long, Hundef?er at the end. It recognized fr? "that in the emirate which goes", says it, it was to Kenya specialist "urspr?lich", but Dubai was better. "365 days sun, no visa, no inoculation, Top hotel, Top flat steel bar?, Shopping, everything surely, everything cleanly, asks much, war's. Fey knows Dubai well, above all the routistic parts. ?erall in the emirate it is with hotel and restaurant managers connecting connecting. Or woll more mer the people erz?en, wie's here is real. Also Fey of wei?es not exactly. But Dubai, which is in these times above all a loud, harsh, umgepfl?e city, one of the most enormous excavations of the planet. At the narrow, darkly windows of Olaf Feys Mercedes Coup?ieht Dubai glassed past as a building site without R?er. World records are a crucial planning criterion of the rulers of Dubai. Which is with gro?n the port drau?n in Dschabal Ali. "oh", Fey, it says has to the people there no contacts, to "that is actually not of gro?m interest." But that is an enormous mistake. The Kr?, the ships, dock, everything is of pharaonischer Gr?, tiny do humans and Ger move between superstructures? The panorama of the plant is like that?rw?igend, like London it to have been must in 18. Century, like Paris to have worked likes before 150 years. The views say to the viewer: Here written at the book of history, here smash old certainnesses. Century and on completely different Arabia, than it believes to know the west. The port erz?t the M?hen of Dubais ascent: Before 20 years here 4 companies worked around a few Kr? in the foreign trade zone. Today 6300 enterprises from 100 L?ern are settled, and t?ich more becomes. Its building owes itself the K?heit of the dominant Maktum family and its regents. They had their old commercial tradition with commencement of construction of the port in the seventies?geld and, not many more. Since that time they operate capitalism after building block principle. St? f?St? they tinkered themselves the new country together from rough elements: H?n, Flugh?n, airlines. And it was always, waited as the h?e world exactly for these investments. It was not differently with the ber?testen all past Gro?rojekte, Dubais landmark today. On the ramp up there two stand much gro?, very much wei? Roll Royce. Fey says at the T? as w? it the director here: "thus then, genie?n Sie's, we see themselves. Among them swung stairs f?t up to?igen bedrooms with mirrors?r the beds and to Marmorb?rn with Whirlpools. Splendor sofas stand around?rall, for Achtsitzer, Zehnsitzer, bepackt with long cushion rows made of silk and damast. The house was not built with priority, in order to create mond?s a hotel. Actually it concerned to give to the world a new image of Dubais departure. Experts computed that the hotel pays during 100 percent continuous extent of utilization only in 50 years, but those are calculations without fantasy. The building made Dubai visible as a competitor in the race of the world economy. And this operation succeeded gl?end. For years Dubais economics w?st j?lich by 10 per cent, l?st is the Abh?igkeit of? broken. 1985 contributed the raw material still nearly 50 per cent to the gross national product, 2004 hardly were it still 6 per cent. Dubai is the first city, Ernst makes with the globalization. Since the location f?sich recruits the S?ner of capitalism einger?t with zero per cent of taxes on incomes and profits, is. Established family clan reside against it in Pal?en, on their portals lebensgro? Horses from gold gallop. This world and its humans are not a caricature. Who wants to meet it, must better contacts have, than she will ever have the r?ige Bavarian Olaf Fey. Mohammed and Kassim sit at the table in 44. The two M?er are friends, printed since the cradle, 58 years old, their full names s?n them not gladly. They come evenly from a journey to?, a Gesch?strip into the USA. They erz?en from their childhood. Mohammed, a small man with gleaning beard and nickel eyeglasses, Kassim, a wuchtiger chap with Anthony Quinn face. They erz?en from the time, as Dubai a village were without S?asser and like them to wash itself had in the sea. They erz?en, as the boom began completely before ten years and with itself tore everything. "alone 9000 workers build now at an underground", say Kassim. Also after two bottles wine, also after much Gel?ter and long Beschnuppern remains it daringly to place the really difficult questions. None has here fear around the tradition." And there is not criticism also in Dubai themselves. more?ger with the many Ausl?ern. Mohammed and Kassim, their faces remain turned, but the K?ersprache becomes more rejecting. Their views look for assistance with the woman, who organized the meeting, those the stranger einf?te as a friend. "the Ausl?er is welcome us. They make marvelous Gesch?e." And if a few zornige young M?er emerge with not so good intentions. They do not answer, them look to the side. Again: Which w?, if it a terrorist attack g?. The foreign country is always?stlich. If there is terror, then there is evenly terror. But one cannot turn around the development any longer." Mohammed says: "going we finally dinners." It becomes faustgro? Filetsteaks give blood-red Brunello in the Mezzanine, in addition, freudlos enjoyed. Also gro?n the lines of the policy are confused. When the war began against the Taliban in Afghanistan, Dubais rulers with the Taliban were verb?et. But in the Iraq war the united Arab emirates placed themselves against the side of the USA. One can see, in the port, American warships, and at the yard of the rulers tummeln itself whole groups of one hundred of western Milit?erater. Dubai is after the g?igen samples of the world culture debate a unm?iche city. It is, on the one hand, world-openly than Brandenburg or Apulien, more tolerantly than Poland or Louis IANA, consumermore joyful than Madrid or M?hen. But, on the other hand, a dictatorship, a rogue state nearly, a W?enei without parliament and opposition, without trade unions, parties, Verb?e. Dubai is a unm?iche city. No pot, that not, but a place, where all live somehow side by side, ungef? as neighbours in an anonymous multistoried building. That can function, also in the long term, perhaps, perhaps but also everything goes inclined. There were already first hunger revolts of the building workers, demonstrations in the middle in the center of the city. Perhaps even does aluminium-Qaida need this Dubai to wash around money f?k?tige operations, who wei? One sets?r in the boat f?ein few cent and genius? hei?n the wind. The Indian and Pakistaner revive here, them f?en an enterprise as in Calcutta. Here the life is not sorted, but everything goes in disorder. "remaining it in the N?", Olaf Fey, "one calls is lost here easily." And that is, in a sentence, nearly the whole truth?r Dubai. Like an airline from Dubai the industry on the head places emirate airlines from Dubai w?st to the gr?en airline of the world near. It places thereby the entire aviation industry on the head. And it becomes our travel habits ver?ern. All 15 to 20 meters interrupts dark Metallt?n the plain W?e. behind the T? ?r at an angle the sign MR CHAPMAN tree ELT, blocks the narrow desk of a Sekret?n the way welcome in the most hopeless Vorstandsb? the flight industry: with Gary Chapman, the financial and personnel executive committee of the emirates Group. The state line is f?ihren luxuri?n service well-known. But genie?n only the passengers. The w? elsewhere indications of a transfer for disciplinary reasons. But at the aviation company from Dubai it is an honour. Next door in the Hochparterre?lich spartanische B is appropriate for the emirate center at the airport? by sheikh Ahmed are Saeed aluminium-Maktoum, the company head. It is member of the ruler family Dubais and one of the most important people in the emirate. In its Verlie?erinnern nevertheless B?e and marked leotards to the fact that emirate one of the main sponsors of the Fu?all world championship was 2006. With Tim Clark, that the Fluggesch? the enterprise leads, verse-deaf a few airplane models. Chapman does not have times the So steers me off nothing from our task. Those is less modestly than the B?s. already today is the company a giant. the enterprise made 5,5 billion euro conversion last. And that is only the beginning. Wir will grow with conversion and customer number still at least ten years long by well in each case 20 per cent, say Chapman. Core of the fleet the 43 superjumbo jets of the type airbus A380 with more than 550 Pl?en are to become. Owing to a net net yield of scarce zw? Per cent is emirate already today the profitabelste airline beyond the cheap sector. Based on the conversion it ranks global at place 19. And this rapid growth wants to lift the company completely from own strength. Wer with us flies, does not have not in mini machines to rise and through old of air haven run. The line does consciously without the membership in one gro?n of the flight alliances. Das w? the safe way in the Mittelm?gkeit and smaller Ertr?., Clark, denn says the partners wants each other not pain to do. Morgan, ist the gr?e threat f?die today's Marktf?er. Thus the established ones looked for their welfare in be enough-strain. Jetzt seizes emirate this bastion on, says Marc F?temann, industry expert of the management consultation A. Wie the cheap fliers on the short distance shows emirate that Langstreckenfl? no longer expensively its m?en. Some lines are so presumably driven into proper existence emergency. Die do not have a chance, say management consultants Christoph Br?el. In addition, f?die Gro?n becomes it ungem?ich, above all f?die Lufthansa. At present heads for emirate in Germany Hamburg, D?eldorf, Frankfurt and M?hen. more St?e than in other L?ern Europe. And in sp?stens three years, then industry connoisseurs expect, are added Stuttgart, Berlin and Leipzig or Dresden. Einen such competitor, do not judge the analysts of the UBS, hatten yet ever. The cheap fliers were particularly because of their Schn?chenpreise gef?lich. still as Qualit?linien position, say advisors Tamdjidi. Emirate against it has. due to slimmer structures and lower Geh?er. not only smaller costs and prices. The society schl? the today's Marktf?er also in things Produktqualit? Dieser combination, warns F?temann, to oppose to haben the established lines little. Just as few as the US autocompanies in the eighties-years the Japanese manufacturers. The better product does not exist alone in the on-board service. In this point Lufthansa and others k?en with investments pull tight. The crucial advantage of emirate is however that the line uses ausschlie?ich Gro?aumflieger. Thus genie?n all customers long-distance service. With Lufthansa or Air France m?en passengers against it only in close small fliers to Frankfurt or Paris journeys. A further plus is the airport converted to an experience center in Dubai. Emirate advances the expansion in two steps. Step 1: Zun?st dominated emirate with this prescription only traffic towards Dubai. The W?enstadt had used gro?n the europ?chen lines before only as tank stop on the way to Asia. Wir marketed it however purposefully as a vacation goal with sun warranty, say emirate European boss Keith Longstaff. Und our friends with Lufthansa and British Airways were surprised that at one time nearly 100,000 people per year from D?eldorf wanted to Dubai. F?die undreamt-of stimulation ensured above all Schn?chentickets. I pay, say Mit of emirate also in the Businesses Class often only half as much as at Lufthansa advisor F?temann. Step 2: After the pure Dubai Fl?n emirate now increasingly in traffic direction makes itself Asia and Australia broad. As the first the line price-conscious tourists?rzeugte. Those were at first occasionally f?, six hours more l?er on the way than with Lufthansa or British Airways. But deterred few, because emirate did not only bring it clearly more cheaply to Bangkok or Sydney. It vers?e l?ere stays with free gulf rounds or Badeausfl?n. But the most important plus of f?Emirates was: It saved the customer transferring to that to unloved national spiders. Because the line steers many in Europe mittelgro? Flugh?n on. The line zun?st still had trouble with Gesch?sreisenden. Those constitute only a F?tel of the customers. But they supply the whole profit with their expensive tickets nearly. Jahrelang wanted to zumuten. no enterprise to its people of detours or Unt?gkeit at the air haven, says advisor Tamdjidi. But with the crisis after the new Economy boom the enterprises took their travel expenses more exactly under the magnifying glass. Particularly since the detour costs?r Dubai ever less time. Until 2016 want to approach emirate far more than 100 goals. most of it several times t?ich. Also traffic between India and the USA d?te emirate mix up. Besides entf?t still another inland flight, which does not make itself the price dr?t. enough thereby, emirate also in the traffic from Asia to Africa and Latin America broadly. Against this clenched power gro?n the europ?chen lines k?en themselves hardly resist, judge the UBS study. To counter still more with difficulty is the advantage of emirate at the cost expense. Emirates can lower the costs such as Ryanair on a level, where no other more moneys earns, says advisor Tamdjidi. Daf?sorgt an efficient Gesch?smodell. Deren cost basis looks like a cheap flier, judges a study of Goldman Sachs. Therefore only Ryanair has a smaller expenditure. Lufthansa, British Airways and air France fly according to UBS up to 40 per cent more expensively. The competition pushes onto subsidies or takes at least an unfair competition truely. Air France boss Jean Cyril Spinetta assumes national assistance during the gasoline price and the fleet financing. It demanded, emirate m? a unabh?igen Wirtschaftspr?r the B?er?nen. This discussion nervt in the meantime the f?unendliche friendliness gesch?ten company head sheikh Ahmed. Unsere balances attests PricewaterhouseCoopers, that must be enough, does not only say he Im?rigen gets we no money, we pays even dividends. Spinettas Pr?r w?en probably also nothing Ungew?liches find, commentate advisor F?temann. Wer with us after subsidies looks for?rsieht that obvious ones, says airline boss Clark. And those are the f?den British: Dubai, which Abl?e and the Mentalit?der coworker, who it as Nicht complain, compete. September 2001 a set of Gro?estellungen gave up and daf?die probably gr?en discounts of the entire industry got. Most important advantage of the spider in Dubai are however the low airport costs f?alle, with which the emirate wants to set air traffic in motion. Um envies the whole industry of emirate, says advisor Tamdjidi. It designed firm's structure and computer systems for enormous growth rates. In addition comes low personnel expenditure, which is not half as high according to Goldman Sachs times as with abendl?ischen lines. The enterprise of the fact owes that personalvertretungen and K?igungsschutz at Persian Gulf are considered as europ?che Exotik. Taxes and social security contributions are just as unknown, why the line can pay its people less, without they darben. A Flugkapit?verdient in the tax haven Dubai about 150,000 euro in the year. only half as much as some US pilot. And a further drive has emirate: a singular motivation machine. Die F?ung of state and enterprise goals, does not verk?et only say Haensel.. Besides is all F?ungskr?e very pr?nt up to sheikh Ahmed in the Alltagsgesch? and more f?Mitarbeiter accessible. Openness and high Geh?er permit. together with the sun warranty at Persian Gulf. one?erst w?erische personnel policy. The line of Ausl?ern from more than 100 L?ern is determined. Go? the airline to the outriders of the Emiratization Campagne., which more job wants to assign to national children. There is people like the 26-j?ige flight companion Hilke Siegert. The geb?ige Hamburgerin wanted to always become acquainted with the Arab area. There did it apply after training in the Reiseb? with emirate. and one rejected. After some years with Japan airlines it was taken. Ich understands also, why, they says Emirates wants the best ones, and those need experience in the life and in the occupation apart from enthusiasm, also. Because the achievement pressure is just as high as the payment. Daf?sorgt not only the impatience of the superiors. The mixture from team spirit and group pressure is gef?ert by the fact that the enterprises near-bring its Besch?igten Dubai in courses. Besides they take Beh?eng?e and other l?ige sides of the life to the coworkers starting from Da can one on the work concentrate completely, say themselves Siegert. Also with the housing search helps emirate. One places a house to Kapit?n and managers, which pull after Dubai. Lower R?e gets a dwelling in one of the company plants with pool and Fitnesscenter, flight companion divides apartments. Thus also none counts in the flight industry on the fact that emirate in foreseeable time air goes out. Der growth course is hold out cash on l?ere time, judges UBS. Risks see the experts only in the region. Apart from a m?ichen terrorist attack also a real estate crisis in Dubai growth k?te makes more difficult. Nevertheless a third of customers Umsteiger, but passengers of and after Dubai is not good. Besides bem?n itself neighbour states after Kr?en to copy emirate. Everything in front those scarcely three years old Etihad from the particularly wealthy Abu Dhabi. Wir want to approach in the year 2010 well 70 goals, say supervisory board boss sheikh Ahmed are Saif aluminium-Nahyan. Und we become the competition?r the product and the price f?en.. That is obviously not easy. Thus Etihad suffers despite all investments under the varying Qualit?ihres of customer service, judges Marktforschungsinstitut Skytracks. Besides has the line j?st the third chairman of the board within 18 months appointed. Therefore emirate boss remains also left Clark. Man may look not st?ig to the left and right, but must be Gesch? continue to operate. The best life insurance consists of becoming ever better. Oil of riches fail ton fire Dubai's exchange WALKING around Dubai's financial district thesis days carries echoes OF the early days OF Japan's bubble. Everywhere you look, A glitzy more skyscraper is sprouting from the sand, defying gravity, if emergency economic logic. The only thing more astounding than the scale OF thesis status of symbol is the speed OF their construction. Some buildings acres emerging in A of matte OF months. But there is one notable AREA where Dubai's infrastructure is emergency growing nearly: its capital markets. A year on, the exchange now boasts two dozen members, including A clutch OF Western investment bank. However, just 18 issues have listed so far, OF which five acres equities, with some $US2.2 trillion) totally market capitalisation - though this rose yesterday tons of $US3 trillion with the roofridge listing OF A Bahraini group. Trading activity has been paltry in sharp contrast ton the feverish activity recently lakes in local equity markets into places look for as Riyadh. Acres the foreign bank setting UP shop in Dubai making A mistake. Does this show that the DIFX is A Mirage. Wet Alshaali, DIFX's chief operating more officer, is vehement in his denials. The DIFX which always conceived OF as A long term project, he claims. It which conceived in 2001, before the oil boom. There of acres "guide OF structural reasons for this exchange". NO internationally market platforms serve the Middle East. The region is awash with oil cash, which needs tons invested. A vast infrastructure boom is more under way, which needs funding. And there is the of matte OF politics. Although Middle Eastern of investor used tons happy ton recycle their find in US or European markets, recent geopolitical events make them increasingly keen tons stay RK home. The task OF building A successful Middle Eastern capital market is A of matte OF regionally pride as much as OF economics. But Alshaali's problem is that creating internationally exchanges is hard, particularly when it is emergency tethered tons of A vibrant cathedral TIC market. While of places look for as Mumbai have tried, almost all have failed. Arguably the only recent success story is Singapore, which has exploited the numerous failure OF innovation and regularization in nearby Japan. Witness the trading OF Nikkei of futures in Singapore. Dubai is similarly surrounded by exchanges that acres mired in talk tape and difficult for non domestic investor ton of ACCESS. That should create plenty OF of opportunities for arbitrage. Into place OF Nikkei of futures, for example, the DIFX could launching derivative on Saudi of stick. One problem is that the Middle Eastern markets remain fragmented. Another challenge is that the region's markets, issuers and of investor of acres woefully immature in capital market term. Dubai quietly lacquer A licence ton trade of derivative. Then there is the issue OF technology. With the rise OF electronics trading, liquidity is becoming more mobile and fickle. While this could present Dubai with A great opportunity, it could thus undermine it. If of investor into the Middle East CAN trade A stick - or derivatives - in Singapore with remotely technology, why DO they need A regionally platform RK all. Alshaali is right ton argue that it takes time ton build to exchange. But if Dubai is tons flourish, it wants need tons more savvy into finding edges tons exploit versus its rivals. Relying on oil fuelled wealth alone wants emergency DO the trick. There of acres some things into life that even fabulous riches CAN emergency buy. Genuine market liquidity is one OF them. Emirate wants to increase conversion until 2016 by approximately in each case 20 per cent. 2005 converted emirate with its more than ten further T?tern and 22,000 Besch?igen approximately 5.5 billion euro. Emirate anvisierte growth should create, the w?e conversion until 2016 to scarcely 41 billion euro rise. To the comparison: The weltgr?e airline American airlines (messages) came 2005 on a conversion in the Passagiergesch? by 18.8 billion dollar Lufthansa on 13.9 billion dollar. Until 2016 want to approach the airline far more than 100 goals, most of it several times t?ich. This rapid growth at high capital expenditure wants to finance emirate also k?tig without a B?engang." The line does consciously without the membership in one gro?n of the flight alliances. "the w? the safe way in the Mittelm?gkeit and smaller Ertr?", Clark says, "the partners wants each other not pain to do. Sceptical market watchers see a speculation blister already in the real estate boom in Dubai for quite some time. Afterwards is the time of the rising rents at Persian Gulf not only past. In n?ster time the rents k?ten even over up to ten per cent break in. The study be based on an inquiry among the 351 f?enden brokers and real estate advisors in the emirate. 74 per cent of the participants assumes the rents continue to rise in the coming year not. 21 per cent count on clear R?gang. In the meantime "the offer?rsteigt by far the demand", f?hten the market experts. The fair is a market place, on which developers pass their real estate projects on to investors. In addition z?ten in j?ster time also a number of closed real estate funds from Germany. After computations of the fund analyst Stefan Loipfinger these Dubai funds invested 283.3 millions euro alone in the last three months of the past yearly into the property market of the emirate. Loipfinger registered at the same time "frightening a low Qualit?niveau with some products". Experts warn no placement warranties of blind pool funds give it often also. If the initiator cannot the n?ge capital be in-collected, the m?e fund be r?abgewickelt, Loipfinger warns. "with it f?die investors exist a substantial exposure to loss, because expenditures f?Immobilienank?e already paid are not zur?gefordert k?en." Experts of the donation goods test warn in particular of blind pool funds. With this funds of wei?der investors with conclusion of a contract not, into which objects its money is invested. Besides many offerers are "beginners at the market, who presented a closed real estate fund never before". Market experts f?hten since l?erem the emergence of an enormous speculation blister in Dubai. "medium-term is to be expected a correction downward. Correction at the housing market particularly drastically k?te the correction at the housing market fails. In only 4114 square kilometers the small emirate live 1.57 million humans. More than one million of them are however?rwiegend in the low wage sector t?ge ausl?ische immigrant workers. With the new buildings it concerns however nearly only apartments in the luxury segment. Brokers criticize however that many of the dwellings are too small f?die finanzkr?igen native families. Are not the prices yet considerably zur?gegangen. But is clear f?Bundakji: "if ever more objects to the market, k?en the prices come not continue to rise. Dubai agrees with companies on nationalization its more?felder. Thus the Gulf State joins growing group of L?ern, which put their Bodensch?e under state control those increasingly. At the past operator consortium also the German energy enterprises were RWE and BASF winter-resound indirectly involved beside US?konzern the ConocoPhillips. A speaker of RWE Dea in Hamburg said on Monday, the enterprise with ten per cent had been involved in the consortium. ?feld for the 1960er years, those was exploited F?erung however last zur?gegangen. RWE Dea carried the decision of the consortium to?rtragen?feld at Dubai. The financial details RWE Dea did not give data. Of winter-resound was zun?st no statement erh?lich. The emirate from Dubai go? to the united Arab emirates, those the organization Erd?exportierender L?er (Opec) angeh?n. Dubais t?iche?f?ermenge betr? today only 100,000 barrels on the day at the beginning of the 1990er years gushed still t?ich 400. The study, by Abu Dhabi based investment research house prime of emirate, predicts there wants A shortage OF 12.000 units in 2006, but on on oversupply OF 6.000 units in 2007 and 33.000 by 2008. The report thus predicted rents would drop in 2007. United Arab of emirate: Monday, July 24 - 2006 RKS 07:40, AME info. private one of companies must henceforth recruit UAE nation as as human resources manager and of secretaries, the labour Minister said on Saturday. "This wants create 21.536 jobs including 671 of manager," said Dr Ali is Abdullah aluminium Ka'abi. This, Dr aluminium Ka'abi said, implies that more neither the job contracts nor the labour cards OF of secretaries wants renewed. Secretaries sponsored by their husbands or parents wants NO more longer issued labour cards, "he said. The of new decisions acres applicable ton all private companies, regardless OF the NUMBERS OF their workers. Dr aluminium Ka'abi said the emiratisation OF human resource of manager which prompted by foreign human resources manager ' "preference ton recruit their own nation as." Calling the 18 months A suitable grace by iodine, Dr aluminium Ka'abi said Tanmia wants provide training ton of UAE citizens tons recruited into place OF foreign human manager. The economy of the united Arab emirates (VAE) grew in the year 2005 by impressing 26.4 per cent, as the Ministry of Economic Affairs of the VAE communicated in this week. F?das year 2006 had k?lich the international W?ungsfond (IWF) the VAE a growth in H? from 10,5 per cent prognosticates. Thus the emirates occupy further their?rdurchschnittliches economic Leistungsverm?n. Thus alone the economy of the emirate Dubai grew in the last ten years on average by 10 per cent per year. Particularly those is remarkable far risen meaning of the not -? sector, which could grow gegen?r 2004 by 18,6 per cent. The portion of the? Sector at the gross domestic product is r?l?ig in the tendency and betr? for instance in Dubai only approximately 7 per cent at the GROS DOMESTIC PRODUCT. With a volume of exports in H? from 4,3 billion euro in 2005 are the emirates already the most important Au?nhandelspartner of the German economy in the Arab world. And mi>