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HuaweiABU DHABI — The United Arab Emirates central bank will set up a new 11-bank panel for the interbank offered rate with four extra local banks and two fewer international lenders, an official said on Wednesday.
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DUBAI — Two Saudi family conglomerates, Saad Group and Ahmad Hamad Algosaibi & Bros., owe Saudi Arabian banks about $5 billion, Standard Chartered Plc said.
DUBAI — Dubai-based Kingdom Hotel Investments, a company run by Saudi billionaire Prince Alwaleed bin Talal, declared a 61 per cent fall in its first- half earnings as it struggled to fill rooms in cities such as Paris and Cairo.
ABU DHABI — Fitch Ratings has affirmed Mubadala Development Company’s long-term issuer default rating, or IDR, and its senior unsecured rating as ‘AA’.
DUBAI — Empost has launched its revamped Website that offers customers a host of online facilities, including shipment tracking, rate calculator, online booking, booking management, customer statement of accounts and invoice printing.
DUBAI — Dnata Travel Services has bolstered its senior management team with the appointment of a new Vice-President of Business Development. Ailsa Pollard joins Dnata Travel Services from Leisurecorp, part of Dubai World, where she held the position of Chief Operating Officer.
DUBAI — BAE Systems of the UK is an international defence, security and aerospace company providing products and services for air, land and naval forces
DUBAI — UAE shares barely changed on Tuesday in dull trading, with declines in global markets and a retreat in oil prices weighing on sentiment.
ABU DHABI — Planned investments worth almost $40 billion to expand the cargo-handling capacity at seaports in the Gulf could now be at risk due to a steep decline in regional oil revenues and a possible continuation of the financial crisis, a respected research 
firm says.
DUBAI — Office rents across Dubai have shrunk to 2007 levels, but are are poised to fall further as additional supply comes into the weak office space market, said property broker Jones Lang La Salle.