DUBAI - Gulf Cooperation Council (GCC) Monetary Union will be a landmark development in the formation of common currency and monetary policy for the Gulf countries once it approved by the member countries.
DUBAI - Gulf Cooperation Council (GCC) Monetary Union will be a landmark development in the formation of common currency and monetary policy for the Gulf countries once it approved by the member countries.
DUBAI - Dubai Investments (DI) may take a hit from its financial investments in the fourth quarter but solid group company results are likely to offset that, the company’s chief executive said on Sunday.
DUBAI - Kuwaiti shares on Sunday dropped to their lowest in almost four years on concern oil below $40 will hurt companies’ earnings growth.
DUBAI - Liberty Logistics and SNTTA Cargo, both member companies of the UAE-based Liberty Investment Company, have amalgamated their freight forwarding divisions to create a major integrated operation, under the Liberty Logistics brand.
DUBAI - The Real Estate Regulatory Authority (RERA) and Dubai Department of Economic Development (DED) have signed an alliance to facilitate licensing procedures for real estate sector, which plays vital role in the economic growth of the Emirate.
DUBAI - Joyalukkas, the world’s favourite jeweller, opened its unique ‘Global Souk’ at the Indian Pavilion in Global Village recently.
DUBAI - It was announced recently that Sony Gulf would be the official partner of the Gulf’s most popular football event — the 19th Arabian Gulf Cup of Nations — set to take place in Oman in January 2009.
DUBAI - Modern Life Properties, a joint venture partnership company, in conjunction with Indiana Real Estate, unveiled The Habitat — the first ‘green’ building in Ajman, at a gala event held recently at the spectacular Grand Hyatt Gardens.
MUSCAT - Gloomy global economic outlook and weak oil prices, despite significant production cuts, will be the two most pressing issues that will confront GCC leaders when they meet here on Monday for their annual summit.
After several years of major investment — a good deal of FDI inflows, including those originating from United Arab Emirates — has put telecoms on the fastest growth track. The investment in fiscal 2008 was $3.1 billion compared to $4 billion in 2007.