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HuaweiDUBAI - Dubai house prices are likely to slump 37.5 per cent on average this year, with real estate units still under construction losing half their value as the former boomtown suffers an economic downturn, a Reuters poll showed on Sunday.
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DUBAI - Dubai house prices are likely to slump 37.5 per cent on average this year, with real estate units still under construction losing half their value as the former boomtown suffers an economic downturn, a Reuters poll showed on Sunday.
DUBAI - The UAE has bested 39 of all its regional peers and grabbed top honours in the new Travel and Tourism Competitiveness Index for countries in the Middle East and Africa.
ABU DHABI - Emocean Marine, a boat-building company launched at the just-concluded Abu Dhabi Yacht Show 2009, has announced plans to set up a boat manufacturing facility at Musaffah.
DUBAI - The Gulf region is likely to have 61 new hotels worth $8.8 billion by 2010, a survey conducted by The Hotel Show revealed on Saturday.
ABU DHABI - Vision Hotels will be launching eight new hotel projects worth Dh600 million in the three-year period between 2009 and 2011, it announced on Saturday.
DUBAI - France-based Lyxor Asset Management, the hedge funds subsidiary of Societe Generale Group with an asset portfolio of more than $84 billion, is looking into expanding its presence in the Middle East, said its chief executive officer Laurent Seyer.
DUBAI - Hedge funds worldwide experienced their worst pounding in 2008, with scores of asset management companies scaling back or closing shop altogether, but experts insist the scenario is hardly that of gloom and doom this year.
DUBAI - Global marine terminal operator DP World has announced the launch of online General Cargo services for customers at its Jebel Ali Port.
DUBAI - Alliance Business Centre at the Dubai Silicon Oasis, has won the “Best Business Center 2008” award granted by the worldwide 'Alliance Business Centres Network.'