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DUBAI — Dr Ahmed Geweili, Secretary-General of the Arab Economic Unity Council, confirmed that the Arab Economic Summit to be held next week in Kuwait will discuss the establishment of an emergency fund to support Arab financial institutions affected by the financial crisis. He also added that the fund will be used only in case of necessity.

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DUBAI — A new report shows home prices in fast-growing Dubai tumbled 8 per cent in the last three months from the previous quarter, the strongest evidence yet that the city-state’s property boom has run out of steam.

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ABU DHABI — Abu Dhabi Securities Exchange (ADX) will list its first Exchange Traded Funds (ETFs) in March, and will offer derivatives contracts by year-end, said its chief executiveTom Healy.

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DUBAI — The Emirates Aviation College, Academic and Aerospace Studies Division, has recently added a new MBA degree to the range of post-graduate programmes offered to students in the UAE.

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DUBAI — In its quest to be a global hospitality provider,

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DUBAI — Petrochemicals company Borouge, a joint venture between Abu Dhabi National Oil Company and European plastics giant Borealis, said on Monday it is unfazed by the global economic meltdown and will continue expansion plans in China while eyeing new logistics hub in South East Asia and South Asia.

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JEDDAH — The National Commercial Bank (NCB) is to launch a Business Optimism Index (BOI) in Saudi Arabia, in cooperation with Dun & Bradstreet South Asia Middle East Ltd.

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DUBAI — UAE shares fell on Tuesday, dragged by property and banking stocks with anxious investors expecting poor fourth quarter company earnings.

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DUBAI - Hircon International, the developer of 23 Marina, plans to position its multimillion dirham iconic skyscraper to be one of the Middle East’s tallest residential buildings at a height of up to 380 Metres.

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