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Yearly Archives: 2008

Six banks control 60 pc of assets in UAE

Emirates NBD alone holds 20pc Six large banks in the UAE control close to 60 per cent of the total assets held by the country's...

Public holiday for private sector on UAE’s 37th National Day

The private sector will have next Tuesday, 2nd of December, a day off on the occasion of the UAE's 37th national day, according to...

DAMAC puts on hold expansion plans

Focus on Dubai Projects Property developer Damac have announced profits of Dh500 million for the first nine months of this year, reported Gulf News...

Initiatives aiming at stabilizing market prices discussed

H.E. Sultan Bin Saeed Al Mansouri, Minister of Economy, chaired in his office today the fifth meeting of the economic coordination and cooperation...

Property sales in Dubai and Abu Dhabi stand still

Real estate Industry shrinks Property Consultants loose jobs Property sales in Dubai and Abu Dhabi have come to a near standstill, according to real estate industry...

“Rumours abound and this is one of many”

Suggestions have emerged over the past few days that the United Arab Emirates carriers could be considering tighter forms of co-operation. Rumors between Emirates...

The Big 5 begins

The Big 5, the Middle East's leading trade fair for the construction industry, kicked off on Sunday (23) . The worsening of the international financial...

Gold sales surge 56% in the UAE on lower prices

The UAE gold sales increased by 56% in the third quarter of the year to reach AED4.3 billion (US$1.17 billion) compared to AED2.8 billion...

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...