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Monthly Archives: November 2008

RTA launches District Taxi and exempts Taxis from Salik Fees in...

Marking the celebrations of the 37th UAE National Day, Roads & Transport Authority (RTA) announced its decision to exempt all taxis from the...

Professional golfer Sam Torrance tees off at The Address, Downtown Burj...

Part of the DIFC Week Golf Championships  The Address, Downtown Burj Dubai is hosting Sam Torrance and other golfing professionals during the DIFC Week Golf...

UAE Real Estate Bank established

New entity to provide strong growth platform for real estate financing Combined entity will be Sharia-compliant UAE Ministry of Finance has announced that it started...

Foreign investors purchase AED 1.131 billion worth of shares on DFM...

Value of shares bought by institutional investors reaches AED 455.6 million during last week, and value of shares sold reached AED 558.5 million. Dubai: Dubai...

New law will regulate Abu Dhabi’s real estate market

Abu Dhabi Department of Municipal Affairs is preparing a new draft law to regulate the real estate market in the emirate, according to Dr...

GE Consumer Industrial showcases energy efficient home automation technology in Dubai

1. Complements GE’s ecomagination initiative for sustainable developmentHo 2. HabiTEQ is a flexible solution for energy efficiency, safety and comfort in homes General Electric Consumer...

Liquidity package for Dubai under consideration

Officials from Dubai are approaching the UAE government regarding a loan facility that would make state funds available to companies as international sources of...

DIFX rebranded NASDAQ Dubai

The Dubai International Financial Exchange (DIFX) has rebranded its market as NASDAQ Dubai DIFX, effective today. NASDAQ OMX Group (Nasdaq:NDAQ), the world's largest exchange...

AMD set to release free software giving millions of ATI Radeonâ„¢...

1. December ATI Catalystâ„¢ driver release automatically switches on ATI Stream acceleration in ATI Radeonâ„¢ graphics cards found in millions of PCs 2. To...

Schools holiday for National Day and Eid Al Adha

Public and private schools in the UAE will be closed from December 2 to 11, 2008, on account of Eid Al Adha and National...

‘Dubai Smile’ to become the seventh crossing across Dubai Creek

His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the design of the seventh crossing (Dubai Smile) across Dubai Creek, reported...

Kuwait Stock Exchange to resume trading on Monday, 17th November

The court in Kuwait ruled today that the Kuwait Stock Exchange should resume trading on Monday. On November 13, in unprecedental ruling the court ordered...

DAMAC introduses new payment plans

Property Consultant from DAMAC Properties told  DubaiChronicle.com that the company is introducing new more flexible and affordable payment plans, along with various  discounts....

Global economy enters recession

According Credit Suisse Group, the financial services company, headquartered in Zurich, Switzerland since 1856, the short-run outlook for the global economy is gloomy and...

Foreign investors purchase Dh 1.053 billion worth of shares on DFM...

Dubai Financial Market (DFM) announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (09 November...

Financial Stability Unit established by the Central Bank

According Zawya Dow Jones and Emirates Business 24/7, UAE's Central Bank has set up a new task force to help the country’s financial industry...

Mortgage Glossary

MORTGAGE A written document, in the form of a temporary conditional contract, taken by a lender as security for the repayment of a loan. PRE-APPROVAL A commitment...

Permanent property exhibition centre established

Property Outlet a concept of 24 Group 24 GROUP, outdoor media specialists and exhibition stand builders, is establishing a permanent exhibition centre where real estate...