DUBAI - Beleaguered mortgage lender Tamweel PJSC said on Thursday it would cut off 57 jobs as part of a broad-based restructuring to ease the impact of the global financial crisis.
DUBAI - Beleaguered mortgage lender Tamweel PJSC said on Thursday it would cut off 57 jobs as part of a broad-based restructuring to ease the impact of the global financial crisis.
ABU DHABI - The Central Bank of the UAE has directed banks to provide key data on loans and advances, along with vitally important financial ratios on monthly basis, so that it can get a clear picture of the economy as financial crisis deepens.
DUBAI - SmartPools LLC, launched the first of its kind treadmill swimming pool in the UAE. The technology used in this treadmill is revolutionising the way we work out. Abdul Rahman Al Nuaimi, Chairman of SmartPools LLC said.
DUBAI - Total investments in Dubai’s real estate sector crossed Dh58 billion during the last quarter of 2008, representing a drop in comparison to the previous quarter of 2008, a market research shows.
ABU DHABI - Investors’ lacklustre response to the Abu Dhabi Real Estate & Investment show — IREIS 2009 — which began on Tuesday in the capital, reflects that they are least interested in the property sector, at least for the time being, said visitors and participants.
DUBAI - du, the UAE’s integrated telecom service provider, and the UK’s Vodafone jointly announced signing of a Partner Market Agreement on Wednesday.
ABU DHABI - A Citigroup forecast expects UAE’s gross domestic product (GDP) to grow by 2.7 per cent in 2009.
ABU DHABI - Capital Intelligence (CI), a leading credit rating agency has unchanged UAE’s ‘AA’ sovereign rating, reflecting a stable outlook on nation’s economic outlook for 2009.
DUBAI - UAE shares were slightly higher on Wednesday with both bourses avoiding sliding into negative territory on later-trade buying of property stocks.
DUBAI - The current financial crisis should be seen as opportunity to expand relations between India and the UAE across the board and to bolster the already close economic partnership, Indian Consul General Venu Rajamony said.