DUBAI - Annual inflation in Oman edged higher to 12.75 per cent in November from 12.64 per cent in October, government data showed on Saturday.
DUBAI - Annual inflation in Oman edged higher to 12.75 per cent in November from 12.64 per cent in October, government data showed on Saturday.
DUBAI -The Islamic Business & Finance Award 2008 awarded Salaam Al Shaksy, CEO of Dubai Bank, with the Banker of the Year award 2008.
DUBAI - The National Bonds Corporation (NBC) will target 100 per cent growth in sales in 2009 as it is planning to introduce several new products by the middle of this year, said Mohammed Qasim Al Ali, its Chief Executive Officer.
DUBAI, United Arab Emirates - A government-owned investment company in Dubai says it is shedding 10 percent of staff in response to the economic downturn.
DUBAI - The use of Vacuum Sewerage over traditional gravity collection systems, especially on reclaimed or manmade islands, proves to be far more cost effective in the Middle East, say experts.
DUBAI - Gyma Food Industries has opened its new state-of-the-art Dh15 milion processing plant at Dubai Investment Park (DIP) to process dry fruits, nuts and spices.
DUBAI - Emirates for Universal Tyres is expecting 15 per cent market share in 2009 for Continental tyres in the UAE despite slowdown in global economy, said its Managing Director Hisham Layali.
DUBAI - Morgan Stanley revised its price targets on several telecom stocks in the EMEA (Europe, Middle East and Africa) region, while maintaining its “overweight” position on the sector.
ABU DHABI - The Organisation of the Petroleum Exporting Countries (Opec) crude oil production will fall by more than two million barrels per day (bbl/d) in the first quarter of 2009, says a report by the US Energy Information Agency (EIA).
DUBAI - The U.S. unit of Emaar Properties EMAR.DU, John Laing Homes, will cut jobs and review operations due to the credit crisis and global economic downturn, a company official said in remarks published on Saturday.