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HuaweiDUBAI - The biggest Gulf Arab telecom companies mostly shrugged off an economic downturn in the first quarter, although growing competition, job cuts and expected population declines may weigh on future earnings, analysts said.
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DUBAI - His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday, presented the Dubai Quality Award to 19 organisations representing various economic sectors.
DUBAI - Propelled by a robust balance of payment position and a vibrant non-oil sector, the UAE economy will be able to rebound in 2010 after its first contraction this year, a leading investment bank said.
DUBAI - Abu Dhabi stocks witnessed a second successive day of fall on Tuesday as it closed 2.2 per cent down, led by Abu Dhabi Commercial Bank, or ADCB, while Dubai stocks recorded a modest decline of 0.31 per cent.
ABU DHABI - Aldar Properties, a top property development, management and Investment Company, has signed a Memorandum of Understanding with the Abu Dhabi Investment House or ADIH, to pave the way for the creation of a joint venture to develop new investment opportunities.
ABU DHABI - Hamptons International, the premier real estate services company, is highlighting the strong developer discounts for UAE investors on British property through its special ‘Best of British’ roadshow at Cityscape Abu Dhabi. Nearly one-third of the Hamptons pavilion at the premier expo has been set aside for ‘Best of British.’
DUBAI - Oil exporters will have to either raise compliance rate on output cuts or agree on further reductions to ward off the impact of a new stock build up, industry experts warned on Monday.
DUBAI - UAE bourses were hit by profit-taking on Monday, with Arabtec Holding pacing losers in Dubai, as its disappointing first-quarter results prompted investors to cash in gains from recent rallies.
ABU DHABI - International Capital Trading, or ICT, an Abu Dhabi-based investment and development company, has awarded a Dh260 million contract to Pivot Engineering & General Contracting Company for the construction of a residential project in Mohammed bin Zayed City, Abu Dhabi.
ABU DHABI - The Emirates Telecommunication Company, or Etisalat, posted a four per cent increase in its net income in the first quarter, well below analysts’ expectations, but saw its corresponding revenues jump by 13 per cent over the same period last year.