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Monthly Archives: February 2009

Liquidity stable in UAE banks

Real estate loans at the UAE banks stood at AED173 billion at the end of last year. As liquidity is stable in the UAE banks,...

Arab Economic Council to expand Arab Trade Free Zone to include...

A high-level UAE delegation, led by His Excellency Mohammed Al Shihhi, Director General of the MoE, attended the 83rd meeting of the Arab Socio...

Salam International Investment will be delisting their shares from the DFM

Salam International Investment Limited "SIIL" decided a voluntary delisting of its shares from the secondary market "Dubai Financial Market" (DFM), as of Sunday 15/03/2009. This...

New Federal Law will grant residency visas to property owners

New federal law granting residency visas to owners of freehold property, regardless of their nationality or the size and value of the property, will...

The Interior Ministry warns of fraud

The UAE Interior Ministry has warned the cellular phone users against heeding unknown sms messages or phone calls, which inform them about wining awards...

Union Properties partners with Emirates Environmental Group

Union Properties PJSC (UP), one of the leading property developers in the United Arab Emirates has signed a Memorandum of Agreement (MOA) with the...

Tabreed announces record results

National Central Cooling Company's 2008 Un-audited Preliminary Financial Results are its Strongest to Date National Central Cooling Company PJSC (TABREED), 'Tabreed' the Abu-Dhabi based...

ADU hosts TESOL Arabia TEA-SIG Conference covering the fundamentals of language...

During the TESOL Arabia Conference hosted at ADU on Saturday Feb 7th 2009, a number of English language professors emphasized the necessity of setting...

Recession or Depression?

A recession is defined to be a period of two quarters of negative GDP growth. By definition is a national or world event and...

RERA denies media reports on Dubai real estate market

Dubai Real Estate Regulatory Authority (RERA) has denied receiving a letter signed by 300 real estate investors, developers and advocates expressing their concern over...

Foreign investors purchase AED 947.5 million worth of shares on DFM...

Value of shares bought by institutional investors reaches AED 652.2 million during last week, and value of shares sold reached AED 409.7 million. Dubai Financial...

Thales to present leading edge government solutions as Platinum Sponsor...

Thales, a leading international electronics and systems enterprise addressing security, aerospace and defense markets worldwide, is once again Platinum Sponsor of the Citizen ID...

Hande Oynar appointed Deputy Editor in Chief of Luxos Istanbul; the...

LUXOS, Your Local Guide to Global Luxury, is proud to announce Hande Oynar as its Deputy Editor in Chief of Luxos Istanbul; the newest...

Fatboy Slim to rock Dubai today

Fatboy Slim, one among the most celebrated DJs in the world, will perform today (Feb 11) in one of the most awaited musical acts...

Bailout actions for the Real Estate Sector badly needed

The United Arab Emirates may be preparing a bailout plan for the real estate industry, said EFG- Hermes, according Bloomberg. After the Government of...

Chinese State Circus at Dubai Festival City extended

The Chinese State Circus show, the highlight of Dubai Festival City events during DSF 2009, will now run till March 1 due to overwhelming...

Union Properties ongoing projects on track

Union Properties (UP) said on Sunday it will proceed with its ongoing projects, underlining that there are currently no plans for new developments on...

New residency visas issued on daily basis

The number of working visas being issued in Dubai remains a “net positive”, according to the chief economist in the Dubai government. Real growth in...