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HuaweiDUBAI - Dubai’s population could fall 8 per cent this year as a global downturn hits its once-booming real estate sector, curbing housing demand and revenues of major developers, UBS said in a research note.
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ABU DHABI - Etihad Airways, the ABu Dhabi-based national airline of the UAE, on Thursday announced that it will start operating direct flights to the Greek capital city Athens from the beginning of June this year.
DUBAI - Al Islami Foods, has signed a major distribution agreement with the Baghdad Poultry and Meat Preparing Company.
DUBAI - Continuing with its aggressive expansion plans, Sharaf DG, the UAE’s largest electronics retailer, has entered into a strategic partnership with Union Co-operative Society and opened a 25,000 sq. ft. store in the hypermarket’s Al Wasl road branch in Dubai.
DUBAI - Jacky’s Electronics recorded 30 per cent growth in sales during 2008 and its group turnover crossed the Dh1 billion mark, said its Chief Operating Officer Ashish Panjabi.
DUBAI - Oman crude futures traded at the Dubai Mercantile Exchange Ltd (DME) reached a milestone, posting a record high of 6,484 contracts on January 13 — a hefty increase of 35 per cent from the previous record of 4,819 contracts last November 18, 2008.
ABU DHABI - Private companies should establish research centres as part of their role in developing the industrial and service fields in the country, a senior educationist has emphasised.
ABU DHABI - Al Qudra Holding has launched a Simulation Academy providing accurate and real time simulation of industrial facilities in the UAE and MENA region.
DUBAI - Gulf Arab banks are poised to report weaker fourth-quarter profits this month on growing provisions for bad loans and writedowns on investment losses as the region suffers the fallout of a global financial crisis.
DUBAI - UAE shares tripped on Thursday as investors, already anxious about earnings prospects cashed out amid the selloff in overseas markets.