DUBAI — Citigroup kepts its “buy” rating, but cut its price targets for Dubai-based Emaar Properties, and Abu Dhabi’s Aldar Properties and Sorouh Real Estate, citing property prices have dropped from their peak levels in the last quarter of 2008.
DUBAI — Citigroup kepts its “buy” rating, but cut its price targets for Dubai-based Emaar Properties, and Abu Dhabi’s Aldar Properties and Sorouh Real Estate, citing property prices have dropped from their peak levels in the last quarter of 2008.
DUBAI — Deyaar Development PJSC, a regional real estate company, announced that preparation and substructure works on its Flamingo Creek development are underway.
SHARJAH — Shaikh Sultan bin Ahmed Al Qasimi, Chairman of the Sharjah Commerce and Tourism Development Authority or SCTDA, stressed the importance of Sharjah’s excellent ties with European Union countries at Arabian Travel Market or ATM 2009.
MUSCAT — Oman’s Gross Domestic Product grew by 13 per cent at constant prices and 44 per cent at current prices in 2008, according to the latest Oman Economic Review published by the Ministry of National Economy.
DUBAI — In a special report published by the Financial Times on Foreign Direct Investment, Dubai has for the first time been classified as the top destination city in the world surpassing the likes of London and Shanghai.
DUBAI — A stirring call for deeper integration among GCC states and particularly between the UAE and Saudi Arabia, the two largest economies of the Gulf, was jointly issued on Tuesday by the Dubai International Financial Centre or DIFC and the Riyadh Chamber of Commerce and Industry 
or RCCI.
DUBAI — Strategies pushed through by an innovative travel industry saw the UAE pick up a swathe of awards at the World Travel Awards held on Tuesday night at The Monarch Dubai.
ABU DHABI — The UAE Ministry of Water and Environment has signed a memorandum of understanding with the Kinki University in Japan to cultivate Pacific bluefin tuna in the UAE.
DUBAI —The Arabian Travel Market 2009 – the Middle East’s premier travel and tourism event – opened on Tuesday on a subdued note amid hopes of a full recovery for the region’s hospitality industry by the fourth quarter of the year.
DUBAI — Etihad Airways launched a Dh 257 million first-class cabin product on Monday amidst a worldwide trend downwards of premium 
class travellers.