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HuaweiDUBAI — Construction industry in the UAE is expereincing a difficult time due to the global credit crisis but Danube Building Materials, the UAE-based building materials company, continued its expansion plan as the compnay announced two more concept showrooms in Dubai malls this year and five more within a year.
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DUBAI — UAE shares dropped, ending a six-day rally, led by Emirates Telecommunications Corp. and Arabtec Holding PJSC, as crude oil fell below $70 a barrel late last week.
DUBAI — Foreign investors are likely to keep driving up UAE share prices for the remainder of the year as fund managers start plowing back money into emerging markets in the Gulf and elsewhere amid growing hopes for a global economic turnaround, analysts say.
ABU DHABI — The UAE insurance industry recorded 25.42 per cent growth last year as premiums rose to Dh18.3 billion from Dh14.59 billion in 2007, a report said on Saturday.
DUBAI — Energy exploration and shipping are among the world’s riskiest industries. Topaz Energy and Marine, headquartered in Dubai, works in both.
DUBAI — The correction in property prices in Dubai will make the real estate sector stronger and more sustainable once recovery takes place, said property developer Memon Investments.
DUBAI — Moorfields Eye Hospital Dubai and Hayati Healthcare, the Middle East region’s first-ever dedicated patient financing company, have signed an agreement that provides medical loans for patients without medical insurance.
DUBAI — The Emirates Palace has been ranked high in the worldwide business hotels readers’ survey in 2009 by Conde Nast Traveller Readers, UK.
DUBAI — UAE shares extended their winning streak for a sixth session on Thursday, tracking Asian markets and buoyed by higher oil prices, while at home, investors were heartened by assurances by the Dubai government that it is capable of paying its maturing debts.
DUBAI — Emirates, the Middle East’s largest airline, has announced the construction of Emirates Lounge at Birmingham Airport on the occasion of the 70th anniversary celebrations of the airport.