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DUBAI - The first decade of the 21st century comes to an end this week. It was a decade that started with the bursting of the Internet dot-com bubble and ended with another more horrifying bubble burst, the impacts of which are still unfolding.
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DUBAI - UAE shares endured a turbulent 2009, as hopes for a strong rally in UAE shares in the fourth quarter were crushed, with most gains eroded, as confidence in the markets evaporated, following the Dubai World bombshell in November, when it announced a restructuring and called for a debt standstill.
ABU DHABI — Property prices in Abu Dhabi remain stable in the quarter-four and buyers continued to look for distressed sales, a property consultancy said.
DUBAI — The Foreign Investment Office of the Dubai Department of Economic Development has signed a Memorandum of Understanding with the A.T. Kearney Ltd and Global Business Policy Council, to further drive foreign direct investment to Dubai.
DUBAI — The global downturn saw a huge drop in companies selling shares to the public in the region, with the total value of Middle East IPOs in 2009 comprising a mere one-sixth of funds raised in the previous year.
DUBAI — Islamic finance has withstood the negative impact of the global financial crisis, proving its resilience, effectiveness and relevance to the global financial industry, said Farhan Al Bastaki, Executive Director for Islamic Finance at the Dubai International Financial Centre Authority.
DUBAI — Investors in the UAE and across the Gulf are ending the year with a bit more optimism about chances of an improvement in the region’s economic conditions in the next six months, said investment bankers Shuaa Capital.
DUBAI — Bharti Airtel, India’s leading integrated telecom services provider, on Monday launched wholesale data services for Middle East telecom operators.
ABU DHABI — UAE and South Korea have signed an MoU to enhance collaboration in the areas of renewable energy and sustainable technologies.
ABU DHABI — Abu Dhabi Gas Liquefaction Company Ltd, or Adgas, said on Monday that it has awarded a contract worth $1 billion to South Korea’s Hyundai Heavy Industries Company for the construction of an integrated gas development plant on Das Island.