iPhone | iPad
Android
HuaweiDUBAI - Dubai traders seek government support to run their businesses smoothly because tight liquidity situation has made their life miserable, according to a survey.
KT APPDOWNLOAD
MORE FROM Local business
ABU DHABI - Two Abu Dhabi-based banks have secured a total Dh6.7 billion ($1.8 billion) in fresh capital from the emirate’s government, the banks said on Sunday, following similar moves by rivals as the downturn bites.
ABU DHABI - Saudi Arabia’s ACWA Power International has secured $2.0 billion financing for its Rabigh power plant projects, its chief executive told Reuters on Monday.
DUBAI - MGM Mirage has displayed good faith by covering Dubai World’s share of a $200 million financing payment on their troubled CityCenter joint-venture resort in Las Vegas, the Dubai-based company said on Saturday.
DUBAI - Sweet Homes, part of the Sweet Homes Group, has announced that progress on the construction of the Dh3 billion Ajman Uptown project has reflected aggressive development.
DUBAI - Oriental Bank of Commerce, an Indian public sector bank, will be opening its representative office in Dubai on Monday.
As the UAE rides the financial crisis, we are again hearing calls for de-pegging the dirham to the dollar. Currently, the only alternative being discussed is re-pegging the dirham to a stronger basket of currencies.
DUBAI - Property has been traditionally considered as the safest choice for those who are after long-term investment. And even with the slowdown, people continue to see property investment as a stable provider of long-term financial security.
DUBAI - The Middle East and North Africa’s (MENA) housing market is showing signs of recovery, but is likely to see further price decline in the next 6 to 12 months, according to real estate consultancy firm Jones Lang LaSallee.
ABU DHABI - National health insurance company Daman has inaugurated a Corporate Sales Centre in the capital city, to service its fast growing list of corporate clients.