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HuaweiDUBAI - Rising demand in the region resulted in agricultural product exports increasing to a value of approximately $4 billion in 2007 which accounted for 5.7 per cent of Turkey’s total export earnings.
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DUBAI - Officials from the Sharjah Chamber of Commerce and Industry (SCCI) headed by SCCI Director General Hussein Mohammad Al Mahmoudi met a high-profile Turkish delegation led by Arda Aciksoz, Vice-President of the Investment Support and Promotion Agency of Turkey (ISPAT), recently at SCCI’s new building to discuss investment opportunities between Turkey and the UAE.
ABU DHABI - Abu Dhabi’s third largest property developer, Manazel Real Estate, is postponing and reconsidering its new projects until the nation’s depressing property market recovers, said its chairman Mohammed Muhanna Al Qubaisi.
HONG KONG/SHANGHAI - Dubai-based Jumeirah has delayed plans to open a first hotel in China due to the tough financial climate and slowdown in business travellers, hotel industry sources said on Friday.
DUBAI - Even though the initiatives in the renewable energy sector are a welcome development, the world will have to rely on conventional power plants for some more time for meeting the growing electricity requirements, according to the officials of the Independent Power Producers Forum (IPPF).
ABU DHABI - The combined size of Gulf economies is poised to shrink from $1.05 trillion last year to $934.5 billion this year as crude output cuts bite, according to Tanmiyat, a leading Saudi based investment company.
DUBAI - UAE shares ended mixed on Friday as positive overseas leads failed to convince investors still fretting over anticipated lower corporate earnings and a slowing domestic economy, with both Dubai and Abu Dhabi losing more than 10 percent from the previous week.
SHARJAH - The Sharjah Chamber of Commerce and Industry (SCCI) has announced the formation of Business Council for Sustainable Development (BCSD-UAE).
DUBAI - Sultan bin Saeed Al Mansouri, the UAE Minister of Economy, has welcomed Dr Bernd Bifafnbah, Deputy Minister of Economy and Technology, Germany, in Dubai on Thursday.
DUBAI - Deyaar Real Estate has set up a division to acquire distressed assets in countries such as Turkey and India with the aim of expanding its land bank, its chief executive said on Thursday.