DUBAI — Late-trade buying pulled up shares in Dubai to a six-week high on Wednesday, but property stocks weighed down the Abu Dhabi index.
DUBAI — Late-trade buying pulled up shares in Dubai to a six-week high on Wednesday, but property stocks weighed down the Abu Dhabi index.
DUBAI — Dubai World has postponed multiple projects including some tourism developments in Africa due to the global economic downturn. The Dubai-based firm said on Wednesday that it has put on hold some projects in a planned $1.5 billion investment in Africa.
ABU DHABI — Etihad Airways will fly four flights a week to the Indian city of Hyderabad from November to boost its Indian operations.
ABU DHABI — Passenger numbers of Etihad Airways grew by nine per cent to 61,6000 in the month of July, compared with the same period last year as airline reported a load factor of 88 per cent.
DUBAI — More than half of the senior Gulf-based executives surveyed for a new study, yet to be released, said that the global financial crisis and its impact on their businesses had caught
 them by surprise.
DUBAI — Gold jewellery sale volumes in Dubai fell around 40 per cent in July on a year ago, as the economic downturn and summer heat deterred tourism, retailers said on Tuesday.
DUBAI — Cayman Islands-based wealth management company Mayfair Wealth Management, has launched a $50m Shariah-compliant distressed property fund that seeks to acquire cheap properties in the UAE’s faltering real estate sector.
DUBAI — Profit-taking eroded Dubai’s early gains on Tuesday, but Abu Dhabi rose for a second day this week as property stocks continued to trek higher.
DUBAI — Malaysia’s AirAsia X, one of the few budget airlines flying inter-continental routes, has chosen to make Abu Dhabi its regional hub for connecting flights to possible destinations in Europe, Africa and central Asia.
DUBAI — In a move that could provide reliable and transparent data on the health of the banking sector and liquidity within it, the UAE Central Bank said on Tuesday that it is in discussions with banks to establish an official interest rate for local-currency loans between banks.