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Monthly Archives: November 2008

Eid al-Adha on the sunset of 7th of December

In the Muslim calander, a holiday begins on the sunset of the previous day, so observing Muslims will celebrate Eid al-Adha on the sunset...

Kuwait Stock Exchange suspended trading until November 17

The Kuwait Stock Exchange suspended trading after a court ordered its closure to protect investors from further losses, reported Bloomberg.com. The bourse's main...

Land Department says developers entitled to 30% of paid amount if...

The Land Department in Dubai established an interpretation for article no (11) of law no. (13) for the year 2008 in regards to...

Aftershock impact of financial crisis on manufacturing, financial and real estate...

Business ownership structure in UAE differs from that in the Western countries. About 95 per cent of the local companies are small and medium-size family enterprises.

General Electric showcases aluminum industry

GE’s Enterprise Solutions, Sensing & Inspection Technologies and Energy businesses to highlight modern technologies General Electric Company (GE) is showcasing its modern technologies and...

Strata Law to build real estate confidence says BCS

Regulatory improvements in the real estate sector like the new strata law, will help shore up investor confidence in UAE real estate and...

Government takes measures to protect the real estate sector

On Sunday the Dubai Government formed a high-level committee to tackle the impact of the financial crisis on the emirate's property market. The committee...

UAE set to issue banking credit law

The UAE is on the process of issuing a new banking credit law, Minister of Economy HE Sultan Al Mansouri revealed today according the...

Bargain Property Hunters

Dubai property broker was approached  yesterday by two clients who are ready to purchase property right now. The first one is looking for 2 bedroom...

Biggest ever Brainstorming on the Global Agenda ends with call for...

1. In the wake of the global financial crisis, the world needs to examine its basic operating systems and aim for a “fundamental reboot”,...

Historic Diamond unveiled in Dubai

First public unveiling of 478 carat diamond jointly hosted by DMCC and Letšeng Diamonds Dubai Multi Commodities Centre (DMCC) and Letšeng Diamonds today hosted...

Foreign investors purchase AED 1.156 billion worth of shares on DFM...

Value of shares bought by institutional investors reaches AED 719.9 million during last week, and value of shares sold reached AED 871.9 million Dubai Financial...

UAE Banks will continue financing the economic sector

Obaid Humaid Al Tayer, State Minister for Financial Affairs, has directed the banks to continue financing basic economic sectors, in order to help sustain...

Emaar extends the time for mortgage repayments

Customers of Emaar Properties have been given a breather in terms of extending the time for repayment of mortgages, a senior official of the...

Finance ministry begins disbursing 2nd tranche of Government support to banks

UAE Ministry of Finance announced that after its completion of paying the first tranche of the Banking Support facility declared by the Government,...

DED hosts high-profile Nigerian delegation

The Department of Economic Development (DED) presented an overview of Dubai’s current economic growth and investment opportunities to a visiting delegation of more...

ADU Awards its Honor Roll Students

Abu Dhabi University held an awards event for its (174) honor roll students who managed to maintain a high level of academic distinction...

The Dubai Mall marks retail history

1.Strong visitor turn-out on opening day 2.Affirms customer confidence and strength of Dubai’s retail sector 3.Dubai Aquarium & Discovery Centre unveiled to public 4.Dubai Ice-Rink public skating;...