MUSCAT — Lamborghini increased its sales in the Middle East by nearly 50 per cent in the first 11 months of the year despite the global financial crisis, a key official of the Italian super sports car giant said in Muscat.
MUSCAT — Lamborghini increased its sales in the Middle East by nearly 50 per cent in the first 11 months of the year despite the global financial crisis, a key official of the Italian super sports car giant said in Muscat.
DUBAI - Liquidity problems in the UAE have prompted Moody’s Investors Service to downgrade its ratings outlook for four major banks in the UAE.
DUBAI - Travel agents in the UAE will have moved from the commission environment to the zero per cent by the end of 2008, in line with the global market practice thus bringing an end of the commission era.
ABU DHABI —Abu Dhabi’s second largest real estate developer Sarouh Real Estate will go ahead with the construction of all real estate projects it announced and there is no plan to lay-off its staff, an official said.
DUBAI - The UAE, the second leading recipient of private equity (PE) investments in the Middle East, is likely witness a natural shift in the industry’s business model over the next 3-5 years towards larger and more sophisticated deals.
ABU DHABI - Etihad Airways and Amadeus IT Group have launched Amadeus Gulf, a joint venture company to provide a global distribution system for travel companies and travel agents in the UAE, Bahrain and Oman.
DUBAI - Growth in Omani money supply picked up pace in October, rising 31.3 per cent as money held in savings and foreign currency deposits grew more quickly, central bank data showed.
DUBAI - The Ilyas and Mustafa Galadari Group, owners of City of Arabia has appointed Simplex Infrastructures as the main contractor for Wadi Tower, with work set to begin immediately.
DUBAI — BenQ is expecting 30 per cent growth in sales next year as compare to 2008, said its GM for Middle East and Africa Manish Bakshi.
DUBAI - The fifth annual Style Hong Kong trade fair, showcasing its style, products and business opportunities to the Middle East, opened at the Dubai International Convention and Exhibition Centre on Monday.