Monthly Archives: May 2011
Cost of owning freehold property in Dubai
Leading UAE law firm Hadef & Partners, today published a report on The cost of owning freehold property in Dubai.
In its second recent survey...
Gold Bulls on the rise, Goldman
The proportion of Middle East based investors interested in gold appears to be increasing substantially, according to Goldman Sachs Asset Management Chairman Jim O'Neill.
O’Neill,...
DFM adds 1.58%
Dubai Financial Market General Index (DFMGI) closed Tuesday’s session on an up note, advancing 1.58%, or 24.25 points, to 1559.92, its highest level this...
Wireless devices raise risk of brain cancer; Five billion worldwide exposed
The cancer agency of the World Health Organization states using cell phones and other wireless gadgets may put humans at bigger risk of brain...
Logistics growth drives interest in Jebel Ali Property
DAMAC Properties, the largest independent developer inthe Middle East, has announced it has reached the third level of its ‘Suburbia’ residential development adjacent...
First installment of nation-wide educational tour concluded
HH Sheikh Hamed Bin Zayed Al Nahyan, Chief of the Crown Prince Court and Deputy Chairman to the Board of Trustees of Khalifa University,...
Diamond encrusted Maybach 62S to be displayed in Dubai
Maybach, one of the most expensive luxury car brands in the global market, on Monday unveiled its sensational super luxury Maybach 62S Salon with...
Woman of The Year Awards open for Nominations
The Emirates Woman' magazine, Woman Of The Year Awards is one of the region's most prestigious, glamorous and inspiring annual event. Now in its...
GCC growth to exceed 5% in 2011, World Bank
Gulf Cooperation Council (GCC) countries are on course to maintain a strong economic growth exceeding five per cent in 2011, the World Bank said...
Boost to silver prices
India's silver imports are expected to regain from the first half stagnation, as regular monsoon rains will boost rural incomes and therefore, demand for...
DFMGI dropped 0.63%
Dubai Financial Market General Index (DFMGI) snapped a two-session upturn, dropping 0.63%, or 9.75 points, to 1535.67. The benchmark hit its highest and lowest...
Gulf Air lays off hundreds employees
Bahrain's national carrier, Gulf Air, today announced the layoff of 200 employees, attributed to low sales due to social unrest in Bahrain and the...
Zayed Future Energy Prize opens 2012 nominations
Zayed Future Energy Prize, the world’s preeminent award for innovation and development of solutions for renewable and sustainable energy, has announced that nominations are...
Al Gaffal dhow race marks end of season at DIMC
Dalma Marine's ace skipper Mohammed Rashid Bin Shaheen won the 2011 Al Gaffal traditional 60ft long distance dhow race on Saturday proving that he...
School students visit Mercedes-Benz mobile museum
Emphasizing their genuine dedication towards social responsibility, the Al Ain branch of Emirates Motor Company (EMC), Mercedes-Benz general distributors in Abu Dhabi and Al...
UAE Central Bank’s governor calls for reduced interest rates on loans
Sultan bin Nasser Al Suwaidi, Governor of the UAE Central Bank has called on the banks operating in the country to cut interest rates...
DFMGI maintains uptrend
Dubai Financial Market General Index (DFMGI) maintained Thursday’s uptrend, rising 0.72%, or 11.07 points, to 1545.42. The benchmark hit its highest and lowest levels...
Ad spend shifts from print media to Internet
According to statistics published today by the Interactive Advertising Bureau and Pricewaterhouse Coopers, revenue from online advertising rose to a new high in the...