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Monthly Archives: March 2011

Sheikh Mohammed: Allow Press and Media Personnel Freedom and Space

UAE Vice President, Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum received Thomson Reuters Chief Executive Officer Tom...

Dubai inflation increased 0.9 percent in February

Dubai inflation rose 0.9 percent on an annual basis in February. Food and transportation costs increased from the previous month, according to data from...

JPMorgan Chase: $5 Million Aid to Victims of Japan Earthquake

JPMorgan Chase announced today that it would commit $5 (USD) million to near-term relief and recovery efforts in Japan in the aftermath of its...

Indian embassy in UAE raises minimum wages for workers

India's Ambassador to the United Arab Emirates, M.K.Lokesh, has revealed that the mission has increased the minimum wage for 36 categories of skilled and...

Global City 2011 opens in Abu Dhabi

The culmination of months of careful planning and hard work, the eagerly anticipated Global City 2011, Abu Dhabi, opens today at Emirates Palace. Under the...

Twitter: 140 Million ‘tweets’ Monthly

Twitter is celebrating its fifth birthday in March. Therefore the company has released its latest set of statistics about its growth and usage, such...

Growth and Profitability Fears after Oil Price Spike

Following the recent oil price spike, investors fear for corporate profitability and global growth, according to the BofA Merrill Lynch Survey of Fund Managers...

Turkish literature and culture take a spot in Abu Dhabi’s International...

Throughout the past decade, there were continuous efforts to promote exchange and trade between Turkey and the GCC Countries in various industries. The 21st...

UAE sends security troops to Bahrain

Minister of State for Foreign Affairs Dr Anwar Mohammed Gergash stated that the United Arab Emirates, in response to a request from the sisterly...

DFM Index plunges nearly 2.5%

Dubai Financial Market General Index (DFMGI) has slumped 2.47% till today’s mid-trading, with a loss of 38.27 points to 1474.32. Traders comment that this...

Asia is Key to Driving Innovation in Drug Development

Asia is rapidly becoming a new frontier for drug development as Western companies seek to develop and register their products, while emerging Asian companies...

Goldman Sachs to Donate ¥500 Million to Japan Earthquake Relief Efforts

The Goldman Sachs Group, Inc. (NYSE: GS) today announced a financial contribution of ¥500 million (US$ 6.1 million) to assist the emergency relief efforts...

Oil Producing Countries Bullish on Oil Price

Traders said Japan would continue to be closely watched by financial markets at least for the next few days, because of Japan's nuclear emergency...

Oil Shock to the Global Economy

Global energy markets brace for a shock, as Japan is expected to seek replacement to large amounts of the country's nuclear power capacity, devastated...

Supply of real estate in Dubai to slide by a third...

The fall in property prices in Dubai is slowing down. However, analysts are not expecting any sudden improvement in the emirate’s real estate market. Sale...

Emirates flights to Libya suspended

Due to the continuing unrest in Libya, Emirates flights to Tripoli have been suspended until 26th March 2011. The three times weekly flight...

Jones Lang LaSalle unveils “Top Trends for UAE Real Estate in...

Jones Lang LaSalle, the world's leading real estate investment and advisory firm has today released its ‘Top Trends for 2011’ shaping UAE real estate...

Construction industry emerges as GCC’s top sector

UAE has 36 per cent of total construction projects in region, worth USD 958 billion The GCC's building and construction industry currently consumes up to...