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HuaweiDUBAI - Moody’s Analytics, launched its office at the Dubai International Financial Centre (DIFC) on Monday.
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DUBAI - Prices of liquefied petroleum gas (LPG) and diesel have been slashed again by UAE retailers in line with a sharp drop in international oil prices.
DUBAI - European aircraft maker Airbus said on Sunday it was in discussions with prospective partners in Dubai and other places in the Middle East for setting up more regional joint venture facilities for parts manufacturing and services.
ABU DHABI - Abu Dhabi International Airport’s new Terminal 3 is expected to go fully operational in the next few weeks, a statement from Abu Dhabi Airports Company (ADAC) said on Sunday.
ABU DHABI - Etihad Airways has signed a codeshare agreement with Aer Arann of Ireland as part of its strategy to further expand its global network and provide the customers with greater access to destinations in Ireland.
DUBAI - A spokesperson for Istithmar World stated on Sunday, “In light of current external market conditions and our strategy to align resources in line with business requirements for 2009, Istithmar World has reduced its workforce by 13 staff members, which is equivalent to 10 per cent of its total employee strength.”
ABU DHABI - Porsche Centre Abu Dhabi, a division of Ali & Sons Group, announced breaking a new sales record with 1100 Porsche cars sold in 2008, a significant milestone for the dealer of the German luxury sports car brand.
DUBAI - Stock markets in the United Arab Emirates, which fell as much as 72 per cent last year, are likely to rise 21 per cent in 2009 as confidence begins to recover in the second half of the year, Shuaa Capital said on Sunday.
DUBAI - Dubai real estate prices could fall as much as 60 per cent in 2009 from their peaks in July last year, while Abu Dhabi may slide as much as 20 per cent, Shuaa Capital said on Sunday.
DUBAI - High rise development Jumeirah Lake Towers lived true to its name on Sunday with the opening of the first lake.