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HuaweiDUBAI - Credit Suisse has announced the appointment of Anthony Armstrong as Head of Mergers & Acquisitions in the Middle East and North Africa (MENA) region, effective immediately. This new position underscores the bank’s continued commitment to its clients in the region.
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DUBAI - D3 LED, the New York based LED display technology provider, has announced a partnership with Digital Displays, an out-of-home solutions company in Dubai, for its Middle East operations.
JEDDAH - Meridium, a global leader in asset performance management (APM) software and solutions, has signed a licence agreement with Saudi Basic Industries Corporation (Sabic).
DUBAI - Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Shaikh Mohammed bin Rashid Al Maktoum received here on Thursday the Malaysian Prime Minister Abdullah Ahmad Badawi and the delegation accompanying him.
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 to the world’s fastest growing major economy, hotel industry sources said on Friday.
ABU DHABI - The Governor of the UAE Central Bank, Sultan bin Nasser Al Suwaidi, said on Wednesday that the country is not going into recession this year.
DUBAI - UAE authorities should take further steps to shore up domestic liquidity and eliminate widespread fears in banking and business community about the bleak global economic outlook and its local impact, said Mohamed Alabbar, the head of the The Advisory Council appointed by the government to address the challenges posed by the credit crunch.
DUBAI - Dubai property prices fell 23 per cent during the last quarter of 2008, with villas showing a more marked decline than apartments, HSBC said in a report on Wednesday.
DUBAI - Dubai developer Deyaar has put all its unsold projects on hold due to the global financial turmoil but still expects to post record profits for the fourth quarter, its chief executive said on Wednesday.
JEDDAH - Saudi Arabia’s economy is heading for a rebound in 2010 and is expected to post real growth of around 4 per cent. However, the impact of the global credit crunch and low oil prices has continued to depress activity in the non-oil economy, according to Samba Economic Monitor for January.