Home 2008

Yearly Archives: 2008

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;...

DIFC issues Consultation Paper on Payment Systems Settlement Finality Law

The Dubai International Financial Centre (DIFC) issued a consultation paper on a Payment Systems Settlement Finality (PSSF) law that will help pave the way...

Mega Yacht Marina will be build on The Palm Jumeirah

Palm Jumeirah will also have a marina marked exclusively for mega yachts, one of the few such destinations in the world to have...

Crisis Frustration hits the Real Estate Sector

The global recession or depression is well on the way as the financial crisis hits stock markets and banks all over the world and...

Foreign investors purchase AED 1.392 billion worth of shares on DFM...

Value of shares bought by institutional investors reaches AED 689.4 million during last week, and value of shares sold reached AED 1.135 billion Dubai Financial...

Interchange 5.5 operational

The Roads and Transport Authority RTA has declared opening of part of Jumairah Lakes Towers interchange (interchange 5.5) on Sheikh Zaid Street, which allows...

Stocks of great quality are trading at ridiculously low prices

Believe it or not, the battered markets are creating amazing opportunities. Right now, you can make back thousands of dollars - if you have the...

GCC states to spend UDS 120bn on new power generation projects

In order to cope up with the increasing demand for power, the Gulf countries will need to spend over USD 120bn in the next...

Minister of Economy emphasizes the UAE’s role in maintaining highest quality...

His Excellency Sultan Bin Saeed Al Mansouri, the UAE Minister of Economy, received the new General Secretariat of the Gulf Standardization Authority, Dr...

Dubai to host The World Economic Forum

1. The inaugural Summit of the Global Agenda held in partnership with the Government of Dubai will take place in Dubai from 7 to...

Dubai Mall to open on November 4

The new opening date for The Dubai Mall, one of the world's largest shopping and entertainment destinations, is November 4, 2008, reported the Emirates...