According to a report in Bloomberg, inflation in the United Arab Emirates, the second-largest Arab economy, sped up to 0.9 percent in May, the fastest in the year as the cost of education and food increased.

During the month, the consumer prices changed a tad at – 0.07 [...]]]>

According to a report in Bloomberg, inflation in the United Arab Emirates, the second-largest Arab economy, sped up to 0.9 percent in May, the fastest in the year as the cost of education and food increased.

During the month, the consumer prices changed a tad at – 0.07 percent, according to data released today on the UAE statistics Office’s site. In April, the inflation was at 0.8 percent.

Inflation has accelerated for the last three month after the UAE faced deflation from plumetting real estate costs and sluggish global trade. Real estate prices in Dubai, the UAE’s second biggest emirate dropped by 50% after reaching their peak in mid 2008.

Tej Kohli believes that the main drivers of inflation are food costs and education. He said that the overall level of inflation is still quite low, and there are important deterrents to soaring inflation getting ahead.

While the prices of food and soft drinks rose to an annual 1.2 %, the cost of education advanced to 0.7%. Housing costs dropped by 0.5 %.

According to Kohli, three factors will keep the inflation subdued – supply of housing, stronger dollar and the tightness of monetary policy. This year may see inflation of 1%, rising to 2.5% by 2011.

Tej Kohli Wikipedia

Tej Kohli Real Estate

Tej Kohli Current.com

Here’s an exclusive report by Tej Kohli:

Standing at approximately 818 meters (2, 684 feet) and twice higher than the famous Empire State Building, New York, [...]]]> Tej Kohli Congratulates the builders of the World’s Tallest tower Burj Dubai, now renamed as Burj Khalifa, which was unveiled to the world on 1 Jan 2009 in a glitzy celebration.

Here’s an exclusive report by Tej Kohli:

Standing at approximately 818 meters (2, 684 feet) and twice higher than the famous Empire State Building, New York, Dubai unveiled the tallest building in the world, Burj Khalifa, in a grand inauguration ceremony on Monday.

With 168 stories Burj Khalifa took lead as the tallest building in the world. Built in six years at a cost of $1.5 billion, and the eleventh hour name change, the Burj Khalifa, earlier Burj Dubai has officially opened for commercial operations.

The full scope of the world’s tallest tower was finally brought out in open during a jazzy ceremony on Monday night. Hailed by architects as an astonishing feat of engineering, the edifice is inspired by the shape of a desert flower, built in the shape of letter Y. Burj Dubai contains high speed elevators that can travel 1600 feet in 120 seconds. The tower is so enormous that the temprature at its top floor is 10 degree Celsius cooler than at the bottom.

Also housed in the tower are luxury apartments and offices, four swimming pools, a private library and a hotel designed by Giorgio Armani. The building will also have the highest mosque in the world located at 158th floor.

“It’s really a reflection of the people who live in this city. It’s a reflection of the environment in this city, that’s optimistic, that’s happy, that’s cheerful. It’s also a reflection of the leadership, and the attitude that the leadership have here which is yes it can be done,” says Emaar Properties Chairman Mohamed Alabbar.

In the times of financial woes, Burj Khalifa is a symbol of hope for the Arab World. With building already 90 percent sold, the developers seems optimistic and hope that the tower will provide that much needed jump start to the dooming Emirate property market.

For more information on Tej Kohli, follow links:

Tej Kohli On estatesdubai.com

Tej Kohli On albawaba.com

Tej Kohli On earthtimes.org

Tej Kohli On prweb.com

Tej Kohli On REC News

Tej Kohli Grafix Visitor Tracking

Tej Kohli On Grafix Softech Announcement

Here is good news for all iPhone and iPod Touch users! Directed Electronics, the car security company, has introduced a brand new iPhone application, which would allow users to control parts of their Viper SmartStart-enabled vehicle from their iPhone or iPod Touch.

The application is called Viper SmartStart. It is [...]]]>

Here is good news for all iPhone and iPod Touch users! Directed Electronics, the car security company, has introduced a brand new iPhone application, which would allow users to control parts of their Viper SmartStart-enabled vehicle from their iPhone or iPod Touch.

The application is called Viper SmartStart. It is somewhat similar to the Zipcar’s recently launched iPhone application, except that it works only with your personal car, and not the one you’ve hired for a short while. Like the Zipcar’s application, it too forms a virtual keychain control options that includes locking or unlocking your car, opening the trunk and turning on alarm. So, as long as you have your iPhone handy you don’t need to carry that extra keychain along.

SmartStart’s coolest feature is its ‘Smart Start’ button, displayed right at the center of the screen, which can start your car at one push. In simple terms, this feature allows you to defrost or cool off your car before getting in, provided that you set the climate controls at accurate levels the last time you were inside the car.

As the application utilizes the iPhone data connection to transmit the commands, it allows you to control your car/s from anywhere with 3G or EDGE connectivity. If you’re near a Wi-Fi network, you can also use it as a non-cellular data device like iPod Touch.

Though this application is available free of charge, you must have a Viper’s SmartStart system installed in each of the car/s you want to take control of. The new installation would cost you about $499. For those who already have a Viper Alarm System plus an active subscription to Viper’s SmartStart Service, the installation charges are about $299.

On getting the service installed, buyers also get a year of $29.99 service included in that, for which they have to pay afterwards.

The Nobel Prize winners for the year 2009 have been announced. This year 5 out of 13 new Nobel laureates are women, the highest ever to be awarded in a single year. All the winners would receive their prizes in twin ceremonies to be held in Oslo and Stockholm on December [...]]]>

The Nobel Prize winners for the year 2009 have been announced. This year 5 out of 13 new Nobel laureates are women, the highest ever to be awarded in a single year. All the winners would receive their prizes in twin ceremonies to be held in Oslo and Stockholm on December 10, 2009.

Take a look at this year Nobel Prize winners and their accomplishments:

1. Nobel Prize in Physiology or Medicine: It is shared by three Americans Elizabeth H. Blackburn, Carol W. Greider and Jack W. Szostak for the discovery of how chromosomes are protected by telomeres and the enzyme telomerase. This work has inspired experimental cancer therapies and may also give insight into aging.

1. Nobel Prize in Physics: The Nobel Prize in physics is again shared amongst three Americans Charles K. Kao, Willard S. Boyle and George E. Smith. While Kao received the prize for his a revolutionary discovery related to the transmission of light signals through glass fibers for optical communication, Boyle and Smith were awarded for their contribution to digital imaging by inventing a CCD sensor that turns light into electrical signals.

1. Nobel Prize in Chemistry: Goes to Americans Venkatraman Ramakrishnan , Thomas Steitz and Israel’s Ada Yonath (the first woman since 1964 to be receiving this award) for their detailed study of the structure and function of the protein manufacturing machine called ribosome. This research is being used to develop new antibiotics.

1. Nobel Prize in Literature: To Germany’s Herta Mueller, whose writings in the German chronicle with emphasis on poetry and the honesty of writing style, depicts the life conditions under dictatorship rule in her Romanian homeland.

1. Nobel Peace Prize: To the President of the U.S. Barack Obama for his “extraordinary efforts to strengthen 2087018international diplomacy and cooperation between peoples to meet global challenges”. This decision of The Norwegian Nobel Committee enticed applauds, disdain and a lot of confusion, all at the same time.

1. Nobel Prize in Economic Sciences: Goes to two Americans, Elinor Ostrom and Oliver Williamson for analyzing economic governance occurring outside the markets. Ostrom is the first woman to receive this prize since its beginning in 1968.