DUBAI — The 50 richest Arabs in the world lost a total of $25 billion this year as the global economic contraction reduced the value of banking and property assets, according to the “2008 Rich List” by Arabian Business magazine.
DUBAI — The 50 richest Arabs in the world lost a total of $25 billion this year as the global economic contraction reduced the value of banking and property assets, according to the “2008 Rich List” by Arabian Business magazine.
DUBAI — The Millennium Finance Corporation (MFC) — a Sharia-compliant investment bank — plans to launch three private equity funds with a total value of $600 million, which are expected to close in the first half of next year.
MUSCAT — Galfar Engineering and 
Contracting has been awarded the contract for carrying out the civil works for the construction of the nine million tonnes per annum (mtpa) pelletising plant being constructed in Sohar by Vale.
DUBAI – The dramatic drop in oil prices over the last several months should not threaten revenue streams as the American government begins its phased withdrawal from Iraqi cities to meet the 2009 deadline, a US military spokesperson said on Friday.
MUSCAT — The Sultanate of Oman and Libya have signed a $500 million deal to establish a joint investment company to be based in Tripoli.
DUBAI — The Dubai Multi Commodities Centre (DMCC) announced the formation of the DMCC Steel Club — a dedicated networking association to support the United Arab Emirates steel industry with identifying business opportunities and exchange of global best practices.
ABU DHABI — About 150 exhibitors from 17 countries are taking part in the inaugural edition of Equip’Hotel Middle East Exhibition and Conference (EHME), commencing at the Abu Dhabi National Exhibitions Centre (ADNEC) today, December 14.
ABU DHABI — Emirates Computers announced that it has won a prestigious project with Millennium Hotel to install a world class IT and audio visual system at the hotel’s new property in Abu Dhabi.
DUBAI — Dubai-based Damac Properties on Friday denied a Turkish newspaper report that His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has bought a 40 per cent stake in the private developer.
DUBAI — Sultan bin Saeed Al Mansouri, UAE Minster of Economy will inaugurate the Dubai Drink Technology Expo 2008 tomorrow, December 14, specialising in beverage technology, liquid food and mineral water.