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HuaweiDUBAI — Small and Medium-sized Enterprises, or SMEs, that form the backbone of an economy are expected to get boost as Mashreq, one of the largest financial insitutions in the UAE, and Mohammed Bin Rashid Establishment, or MBRE, for Young Business Leaders joined hands to facilitate SMEs’ growth and development.
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DUBAI — International law firm Clyde & Co LLP has established an office in the Dubai International Financial Centre, or DIFC, which will serve as the headquarters for the firm’s regulatory, insurance, and banking and finance practices in
 the Middle East.
DUBAI — The United Arab Emirate’s central bank will keep interest rates low to spur growth, Governor Nasser Al Suweidi was quoted as saying on Wednesday, as the economy faces the possibility of contraction in 2009.
DUBAI — Societe Generale SA, France’s second-largest bank by market value, sued a unit of Saad Group, owned by Maan Al Sanea, a billionaire accused of falsifying documents to obtain $10 billion in funds for his personal use.
DUBAI — International Air Charter, or IAC, one of the world’s largest independent private jet charter brokers and consultants, has announced that demand for chartered jet services in the Middle East is expected to peak during Eid Al Fitr, which marks the end 
of Ramadan.
DUBAI — Pearl Dubai Chairman Abdul Majeed Al Fahim believes the worst is indeed over for the property market in Dubai. Prices and demand in the stricken sector will stabilise and reach healthy levels in the near future, he says, as the global recession — which has battered even the emirate’s biggest property developers — starts to recede.
DUBAI — Dubai’s hotel industry will experience a significant boost in the fourth quarter or early 2010 after having suffered a sharp decline in average hotel room rates in the first half of this year, hotel industry executives 
said on Tuesday.
DUBAI — Dubai Properties Group, a subsidiary of government-owned Dubai Holding, will showcase five landmark developments scheduled for handover this year at Cityscape Dubai 2009.
DUBAI — DP World, the world’s fourth largest container port operator, said on Tuesday it was never involved in negotiations over a potential sale of a stake in the company, and confirmed that its parent firm Dubai World has severed all talks with a regional private 
equity firm.
DUBAI — JRG International, a Dubai-based commodity brokerage, on Tuesday launched a new online bank account system for commodity traders that will enable customers to see each step in a sale or purchase and monitor all movements of funds to and from their banks.