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HuaweiABU DHABI - The Tourism Development and Investment Corporation has started a new weekend flight service with a 50-seat Bombardier Dash-8 from Abu Dhabi to Sir Bani Yas island. The 25-minute flight on Thursdays and Saturdays will be operated by Abu Dhabi Aviation.
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ABU DHABI - Most tourism development projects announced by the Tourism Development and Investment Corporation (TDIC), an investment arm of Abu Dhabi Tourism Authority, will be built on schedule, although the financial crunch might slow down the pace for some, a top official said.
ABU DHABI - The UAE will spend about $3.3 billion on information technology and communications hardware for schools, hospitals and other civil projects for the three years ending in 2011, a Dubai-based database 
company forecast.
DUBAI - Amas Bank (Middle East) Ltd, which is registered with DIFC as a Category 3 institution, has announced the change of its name to Hinduja Bank (Middle East) Ltd. This follows the change of its parent name from Amas Bank (Switzerland) to Hinduja Bank (Switzerland).
ABU DHABI - Etihad Airways sets a $3 billion revenue target and aims to fly seven million passengers this year, its chief executive said on Wednesday.
DUBAI - Dubai can lead the Middle East in technological innovation, but it must first invest more to build its high-tech infrastructure, an industry 
specialist said.
DUBAI - Dubai’s hard-charging economy has slowed to a crawl, but it should eventually regain its momentum and create plenty of fresh investment and trading opportunities in the UAE and elsewhere in the Middle East.
DUBAI - Diversification is the mantra of survival that a number of publishing firms, including Dubai-based Explorer, are adopting to withstand the current economic downturn.
DUBAI - Standard & Poor’s Ratings Service downgraded its long-term corporate rating on Emaar Properties to ‘BBB+’ from ‘A-’, and gave it a ‘negative’outlook, saying the weakened Dubai property market is likely to affect the company’s financial health in the short to medium term.
DUBAI - While commenting on S&P’s move, Chief Financial Officer of Emirates NBD Sanjay Uppal commented: “We are confident about the long-term prospects of Dubai and Emirates NBD.” “The first aspect was long-term rating and we believe that the bank is very stable and robust institution and we have nothing as suggested,” said Uppal.