DUBAI — UAE bourses are likely to stay bearish next week as investors await corporate results and news on DP World standstill agreement with creditor banks over $22 billion of debt.
DUBAI — UAE bourses are likely to stay bearish next week as investors await corporate results and news on DP World standstill agreement with creditor banks over $22 billion of debt.
DUBAI — Dubai rentals remain steady during the last two months of 2009, a sign the market is reaching equilibrium, according to a new report published on Thursday.
DUBAI — The budget for the year 2010 announced last week shows that the Government of Dubai wants to strike a balance between the need to boost economic growth and to support welfare of the community, the Dubai Chamber of Commerce & Industry said on Thursday.
DUBAI — Property stocks on Thursday dragged Dubai’s benchmark index to a fresh one-month low as investors resume selling after an initial rally, with Dubai’s debt problems pushing investors to exit the market despite positive international markets and stable oil prices.
DUBAI — Aabar’s proposed acquisition of a majority stake in Arabtec came a step closer to reality after the companies completed legal diligence as per schedule announced last week, people familiar with the situation told Khaleej Times on Thursday.
DUBAI - Sales prices for apartments and villas in completed developments across Dubai in general stabilised towards the end of 2009 with no change from the third to the final quarter, according to the latest report from Asteco, the largest property services company in the United Arab Emirates.
DUBAI - India expects to double its man-made textile exports to Dubai to $2 billion within the next two years, a top official of a textile body in India said.
ABU DHABI - A model of the first-ever solar powered aircraft will be showcased by the Swiss delegation at the exhibition to be held in connection with the World Future Energy Summit beginning here on January 18.
DUBAI - Gulf Navigation Holding, a Dubai-based ship owning and maritime services company, expects to remain profitable despite challenging economic conditions, its chief executive officer Per Wistoft said.
DUBAI - The decision by Dubai Electricity and Water Authority to invite international developers to build power and water plants for the first time will free up the utility’s funds for other investments, a senior official said on Wednesday.