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Yearly Archives: 2008

‘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...

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”,...