High-technology services across large tracts of Asia, the Middle East and North Africa were crippled Thursday following a widespread Internet failure which brought many businesses to a standstill and left others struggling to cope.
CNN's Recession-o-meter -- our unscientific poll of financial experts at the World Economic Forum at Davos -- has spoken. And it's decided that the world economy is in slowdown, not recession.
In a city strewn with scaffolding, it's a project with no equal. Dubai World Central is set to be a bustling metropolis 40 kilometers south of Dubai's city center, with homes, offices and a port no less, surrounding the jewel in the crown -- the world's largest airport.
Building the World's Largest Airport Economic growth fuels the need for a new airport in Dubai. Dubai International Airport has seen passenger traffic more than double in the past five years, and Emirates Airlines recently announced its record order of $35 billion for 143 planes at this year's Dubai Airshow.
For years it seemed as though first-class air travel was dying a slow death. As perks such as flat beds migrated from the front of the plane backwards, few were willing to pay the 20 percent premium.
This week's business news from the Middle East: Borse Dubai responds to LSE's merger with Italian stock exchange; Kuwait hospitality group buys UK bakery chain; Doha property company signs deal for exclusive French hotel; first direct flight from Middle East to South America.
High-technology services across large tracts of Asia, the Middle East and North Africa were crippled Thursday following a widespread Internet failure which brought many businesses to a standstill and left others struggling to cope.
CNN's Recession-o-meter -- our unscientific poll of financial experts at the World Economic Forum at Davos -- has spoken. And it's decided that the world economy is in slowdown, not recession.
In a city strewn with scaffolding, it's a project with no equal. Dubai World Central is set to be a bustling metropolis 40 kilometers south of Dubai's city center, with homes, offices and a port no less, surrounding the jewel in the crown -- the world's largest airport.
Building the World's Largest Airport Economic growth fuels the need for a new airport in Dubai. Dubai International Airport has seen passenger traffic more than double in the past five years, and Emirates Airlines recently announced its record order of $35 billion for 143 planes at this year's Dubai Airshow.
For years it seemed as though first-class air travel was dying a slow death. As perks such as flat beds migrated from the front of the plane backwards, few were willing to pay the 20 percent premium.
This week's business news from the Middle East: Borse Dubai responds to LSE's merger with Italian stock exchange; Kuwait hospitality group buys UK bakery chain; Doha property company signs deal for exclusive French hotel; first direct flight from Middle East to South America.
After five years of retrenchment and crisis management, British Airways PLC (BAB) is again concentrating on wooing passengers, Wednesday's Wall Street Journal reported.
You've just gained an overseas customer, and you're packing for Asia to seal the deal. Mandarin phrase book? Check. Voltage converter? Yup. Socks for preventing blood from clotting while you're int...
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