Abu Dhabi Ocean Racing Team won the 2014-15 Volvo Around-the-World Ocean Race

Considered the world's toughest sailing race, Azzam (Arabic for 'determination') crossed the finish line in Gothenburg, Sweden, on 11 June after covering approximately 39,000 miles that required nearly 9 exhausting months to complete. The race began in Alicante, Spain, on 4 October and included stops in 11 ports. The 7 international teams, each carrying a …

A $20 billion refi at 1%? You’re kidding, right?

No photo to share. No need to. Read on. International Monetary Fund estimated that the emirate of Dubai faced $30 billion in maturities this year. That is reportedly equal to a third of its annual economy. But --- an agreement was reached last March allowing the sheikdom to refinance $20 billion at 1% fixed interest, …

Big? Uh uh. Momentous! It’s Dubai. Now what?

Purportedly the largest infrastructure project in the world is in the oven. The monstrous Dubai Water Canal project was launched last October by the Ruler of Dubai, H.H. Sheikh Mohammed bin Rashid Al Maktoum. What is it? It’s a 3 kilometer (1.8 mile) canal that stretches from the Arabian Gulf inland into the heart of …

Dubai is world’s 7th most expensive city in which to live and work

2 March 2014Following last year’s 41% increase in Dubai’s rental cost index, it now costs an average of just under $72,000/year per employee to rent a residential and office space in Dubai according to Savills World Cities Live-Work Index, as reported in Arabian Money. Savills’ rankings have as much to do with global profile and …

Dubai’s rising house prices are the world’s fastest. Dẻja vu again?

22 December 2013 Through the end of this year’s 3rd Quarter, the emirate of Dubai’s residential property prices are the world’s fastest rising, surpassing the extraordinary price rises in China, Hong Kong and Taiwan, according to renowned property broker Knight Frank. Get this ~ Through the first nine months in 2013, residential prices in Dubai …

Interviewed Live on Dubai TV

November 2013 Interviewed by international broadcaster Derek “Tommo” Thompson at the One World – Five Continents Conference in Abu Dhabi in November, Steve discussed the emirate’s rulers’ mindset to THINK BIG – quantum leaps, not incremental steps, and at record-breaking pace. Pick up the book STAYING AFLOAT – Three Years in Abu Dhabi to acquire …

Emirates Airline will spend an estimated $275,000,000 on its extensive portfolio of sports sponsorship deals in 2013!

September 26, 2013 Emirates Airline’s sponsorship highlights the world of sports. The Dubai airline’s global marketing campaign is helping sports clubs and countries achieve things that never before seemed possible. Case in point: In sailing, Emirates Team New Zealand, with Fly Emirates emblazoned on its main sail, advanced to the sudden death race yesterday on …

Celebrating with Emirates Team New Zealand following its victory in the Louis Vuitton Cup Final

Steve and Pamela share in the celebration with ebullient Dean Barker, skipper/helmsman of Emirates Team New Zealand, following Emirates Team New Zealand’s victory today over Italy’s Luna Rosa in the Louis Vuitton Cup Final. ENZ advances to the 34th America’s Cup against Oracle Team USA beginning on September 7th.

Middle East Cities Vie to Have Biggest and Best Airport

August 6, 2013     WALL STREET JOURNAL     By Eliot Brown, Rory JonesMiddle East cities are racing to develop dominant international airports as luxurious transfer points for a fast-expanding global aviation market.On a sprawling patch of sand near downtown Abu Dhabi, thousands of workers are building the foundations of a new $3 billion international airport terminal, which …

Where will the America’s Cup trophy reside on September 21st?

June 22, 2013 In which country – Italy, New Zealand, Sweden or the US – will this magnificent America’s Cup trophy, the best-known trophy in international yachting competition, reside following completion of America’s Cup match races on September 21st between the defender, Oracle Team USA, and the winner of the challenger’s Louis Vuitton Cup?