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HuaweiDUBAI - UAE shares stretched gains into a third session on Thursday led by Arabtec Holding, but gains were capped as investors anticipated weak earnings by index movers Emaar Properties and Emirates NBD.
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DUBAI - Novaar Limited, a Gulf-based family office platform, has announced its formation as a proprietary investment office within the Dubai International Financial Centre (DIFC).
DUBAI - HSBC kept its “overweight” rating on Arabtec Holding, saying despite recent project cancellations, there are positive short and medium term catalysts for the country’s largest construction firm.
ABU DHABI - Preparations are well on-track to deliver the biggest, and the best-ever edition of International Defence Exhibition and Conference (IDEX), scheduled to be begin at the Abu Dhabi National Exhibition Centre (ADNEC) on February 22, according to Mohamed Al Mashgouni, IDEX 2009 Show Director.
ABU DHABI - The UAE will highlight its defence capabilities to the world with a massive 10,517 square metre national pavilion at the 9th International Defence Exhibition and Conference (IDEX 2009) beginning at the Abu Dhabi National Exhibition Centre. (ADNEC) on February 22.
ABU DHABI - Abu Dhabi will go ahead with its announced oil and gas projects, and will soon launch a series of new mega ventures worth tens of billions of dollars, to benefit from falling development costs, in order to stimulate the slowing economic growth.
DUBAI — Dubai Ports World, one of the world’s largest port operators, will reduce emissions by 35 per cent at Jebel Ali Port by switching to new engines in its cranes.
When the financial crisis began to unravel early last year, there was a sense of relief in Africa as the local banks were not exposed to toxic time bombs such as sub-prime collateralised debt obligations (CDOs). But as the financial crisis snowballed into a global economic crisis, the mood has changed in Africa.
DFM main index added 1.61 per cent to 1,463.94, while ADX inched up 0.64 per cent to 2,213.63
DUBAI — Luxury properties for the city’s high-flying elite may have been the staple of Dubai developers for the last few years, but the future may lie in low-to mid-priced properties, a senior Nakheel official has said.