Arabian Gulf Shares Advance, Led by Kuwait Finance House DUBAI — Arabian Gulf shares rose, led by Saudi Basic Industries Corporation and Kuwait Finance House, on speculation equity prices will rebound as governments move to shore up domestic markets.
The Liverpool Captain Signs Deal with Azizi Investments DUBAI — The Liverpool captain Steven Gerrard has signed a deal in which an exclusive Dubai development will be named in his honour.
National Bonds Slated to Post Record Returns for 2008 DUBAI — As a turbulent 2008 comes to a close, financial institutions the world over are reviewing the past year and looking ahead to 2009.
DGCX Plans to Launch Plastics Futures Next Year DUBAI — The Dubai Gold & Commodities Exchange (DGCX), the region’s first electronic futures market, on Wednesday announced the launch of the world’s first region-specific plastic futures on February 5, 2009.
Index 2008 Attracts Record Entry DUBAI — The biggest interiors event of its kind in the Middle East and Asia – Index 2008 – was inaugurated here by Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council.
DME Says Half a Million Contracts Traded DUBAI — The Dubai Mercantile Exchange Limited (DME) announced on Wednesday that more than 500,000 lots of its benchmark DME Oman Crude Oil Futures Contract have traded since the launch of the Middle East’s premier energy futures and commodities exchange on June 1, 2007.
ADAT and Silver Air Sign Pact for Maintenance ABU DHABI — Abu Dhabi Aircraft Technologies (ADAT) and Silver Air have entered into a pact for Maintenance, Repair and Overhaul of its four-strong Boeing fleet.
ADIB Opens New Branch in Ras Al Khaimah ABU DHABI — Abu Dhabi Islamic Bank (ADIB) has inaugurated a new branch in Ras Al Khaimah (RAK), taking the total number of branches in the UAE to 45.
Meltdown will Not Alter Rakaa Properties’ Abu Dhabi Projects ABU DHABI — The Riyad-based Rakaa Properties was not planning any scaling down of its upcoming projects at Al Reem Island, one of the most prestigious mega developments in Abu Dhabi, in the wake of the current global financial meltdown.
UAE GDP Rises from Dh6.5b in 1971 to Dh730b in 2007 DUBAI - UAE Minister of Economy, Sultan bin Saeed Al Mansouri said that the country’s GDP rose from Dh6.5 billion in 1971 to Dh 730 billion in 2007, an increase by 112 times, which helped in further establishing the nation’s economic stature on the world map.