DUBAI — The UAE’s local steel prices are being hit by dumping from Turkish manufacturers of the metal, the chief executive of RAK steel said on Monday.
DUBAI — The UAE’s local steel prices are being hit by dumping from Turkish manufacturers of the metal, the chief executive of RAK steel said on Monday.
DUBAI — Sales in the Middle East and the rest of the world for Japan’s Rhywaco Company, manufacturer of Rhythm branded clocks, grew by more than five per cent in the first half of the year, in spite of the recession and the increased pressure on Japanese exports from a 20 per cent appreciation in the yen.
ABU DHABI — The volume of foreign direct investment in Abu Dhabi reached Dh31.465 billion in 2007 and the real estate sector attracted the largest chunk of Dh11.840 billion, or 38 per cent, while water and electricity industry received 20 per cent share amounting to Dh6.157 billion, a survey said.
ABU DHABI — Holiday purchases and stable prices helped gold retailers in Abu Dhabi maintain sales growth in July but the market will slow in August as the summer holiday season kicks in, traders said on Monday.
DUBAI — An Indian government agency plans to set up a business incubator centre in Dubai to help Indian IT firms find an affordable foothold in the UAE as a base for exporting their products worldwide.
DUBAI — The UAE insurance industry’s scorching growth rate will cool somewhat in coming years, though annual double-digit increases in premium income should continue until at least 2012, financial services firm Alpen Capital says.
DUBAI — UAE and Qatari shares advanced for a second day after earnings at property companies and banks boosted investor sentiment and oil advanced to a one-month high.
DUBAI — The UAE reopened its Jebel Ali export terminal after its closure on Sunday morning due to bad weather conditions, a shipping source said. The Jebel Ali ports has now reopened and is operating normally, but the weather is still bad which might lead to another closure,” said the source.
DUBAI — The total value of land transactions in Dubai on Sunday peaked at 150.65 million, of which sales exceeded Dh123.11 million. The total value of mortgages during the period was Dh27.53 million, according to the Land Department.
ABU DHABI — National Projects & Construction or NPC, one of the leading Abu Dhabi based construction conglomerates, moved into its new headquarters in Musaffah as part of its corporate expansion plans on the back of robust 
growth in business.