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HuaweiDOHA — Rapid demographic changes now underway in Gulf countries point to challenges ahead for the region’s governments, as they try to ensure that their economies grow fast enough to improve upon current living standards, business and education leaders say.
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DUBAI — The DIFC Authority hosted a workshop on ‘Financial Vulnerability Indicators and Bank Stress Tests’ 
on Tuesday.
DUBAI — Emaar MGF, a joint venture between Dubai-based Emaar Properties and India’s MGF Developments, leads three Indian real estate companies planning to raise up to Rs75 billion or about $1.5 billion through an initial public offering.
ABU DHABI — After two years of extensive collaboration and co-operation with the emirate’s hospitality sector, the Abu Dhabi Tourism Authority, or ADTA’s, first hotel classification sign went up on Tuesday outside the main entrance of Emirates Palace — the first recipient of the five-star classification.
DUBAI — Dubai International Airport, currently the world’s fifth-busiest in international passenger traffic, posted three consecutive months of double-digit growth till August this year, and is well “on track to set a new record” of exceeding 40 million passengers by end-2009, a top airport official said.
ABU DHABI — The four members of the Gulf Cooperation Council comprising Saudi Arabia, Kuwait, Bahrain and Qatar are expected to ratify the monetary union agreement by the end of this year, according to a top official.
DUBAI — The UAE will continue its lead among the Gulf countries for investment in real estate projects as the country’s planned investment accounts for 44 per cent of the total investment in the region by 2013, according to Standard Chartered Bank.
DUBAI — The exposure of Dubai banks to the troubled real estate sector is 23 per cent,
DUBAI — Office space rentals in Dubai have plunged by 63 per cent in the last nine months, but prices are likely to fall further for the remainder of 2009 and 2010 as a dearth in demand, along with abundance of new supply, will keep the emirate’s office space leasing market sluggish, especially in the freezone areas, said property consulting company CB Richard 
Ellis Middle East. CBRE said the biggest drop in rents has been felt the most in the new freezone areas of Jumeriah Lakes Towers and
 Dubai Silicon Oasis.
DUBAI — Led by Bahrain and Kuwait, GCC investor confidence continued to climb to hit a three-month high in September on an improvement in current regional economic conditions, according to a statement by financial services firm Shuaa Capital on Monday.