DUBAI - Construction work at Dubai’s $5 billion retail, residential, commercial and entertainment district, City of Arabia, is moving full steam ahead as the premier lifestyle development starts to take shape.
DUBAI - Construction work at Dubai’s $5 billion retail, residential, commercial and entertainment district, City of Arabia, is moving full steam ahead as the premier lifestyle development starts to take shape.
DUBAI - Direct Broker for Financial Services LLC (DBFS), the operator of the Mubasher Trade online trading system in the UAE, has joined NASDAQ Dubai as a Member.
DUBAI - Gulf shares declined after crude oil fell a fourth day, raising concern lower oil prices may hurt government spending in the region. The Dubai Financial Market General Index gained 0.4 per cent.
DUBAI - The Standard Chartered Bank (SCB), together with Rabobank and ING Wholesale Banking, on Sunday announced a $125 million (Dh456 million) loan facility for Sharjah-based Lamnalco Group.
ABU DHABI - Abu Dhabi Basic Industries Corporation (ADBIC) and Maersk Logistics have successfully concluded a joint study to explore the feasibility of providing end-to-end supply chain services to tenants at Abu Dhabi Polymers Park.
DUBAI - Oil-rich countries in the Gulf are likely to recover much earlier than expected from slumping oil prices as global consumption will accelerate once major economies begin to recuperate from the financial crisis.
DUBAI - The UAE economy is expected to contract marginally by 0.04 per cent in 2009, but the overall outlook will be supported by strong government spending and the continuation of investment programmes, a leading investment bank said in its latest forecast.
ABU DHABI - Rents in Dubai for apartments and villas had also seen a levelling off with average annual growth rates of four and eight per cent respectively in 2008.
ABU DHABI - Dubai’s office rents have dropped by 11-16 per cent as the global economic slowdown started impacting businesses, according to an analyst at Asteco, a leading property management firm.
DUBAI - Arburg, a leading global manufacturer of injection moulding machines, plans direct investment in Arabian market for which it opened its regional office in Dubai despite the global financial crisis.