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DUBAI - Luxury lifestyle provider DAMAC Properties has announced the completion of its 
Lake View tower.

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DUBAI - Al Mazaya Holding has handed over 800 residential units at the Icon 1 and Icon 2 projects, located at Lake Jumeriah, to their owners.

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DUBAI - Emirates NBD, the largest banking group in the region in terms of assets, announced the opening of the latest addition to its vast distributed branch network- Emirates Bank Dubai Mall.

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DUBAI - Dubai expects its economy to expand by just under 2.5 per cent this year as real estate, construction and exports come under pressure, the Gulf emirate’s chief economist said on Sunday.

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DUBAI - While economists and bankers speaking on Sunday in Dubai said the worst of the financial crisis is over, they struggled to find a way to accurately describe the current situation.

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DUBAI - Continued investment spending by the UAE and other Gulf countries has so far helped cushion the impact of global crisis on the region’s economy but economists, speaking at a panel at the Dubai International Financial Centre, warned that the region’s lack of specific data will hinder restoration of consumer and investor confidence.

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DUBAI - HSBC is forecasting a hefty 51 per cent drop in the net profit this year of Abu Dhabi-based Sorouh Real Estate and cut its target price to Dh5.55 from Dh6.60 while keeping its “overweight’ rating on the company.

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ABU DHABI - Abu Dhabi Securities Exchange (ADX) and Shanghai Stock Exchange (SSE) have decided to foster closer ties, which may lead to the dual-listing of Chinese firms in Arab world’s best performing bourse 
in 2008.

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DUBAI - The value of the market in the UAE alone is expected to rise to $11.9 billion in 2015, from $3.2 billion in 2005, as domestic per capita GDP increases and the demand for healthcare in the region as a whole continues to grow.

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