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Yearly Archives: 2011

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...

Gold to test brand new highs; Silver volatile

A strong rally by the end of the last week and persistent concerns about the Eurozone sovereign debt issues are expected to maintain gold...

Bone scanning programme alerts women to the dangers of osteoporosis

More than 124,000 women across the GCC have been assessed to see if they are at risk of developing the devastating disease osteoporosis, thanks...

Capital Markets & Investment Banking Forum

Over 50 investment professionals and CFA charterholders yesterday attended the Annual Investment Banking forum hosted by CFA Emirates in Madinat Jumairah Majlis on corporate...

Dubai Properties releases new units at Ghoroob Mirdif

Upscale Community Offers Units at Special Introductory Rates Dubai Properties, a member of Dubai Holding, today announced Phase-2 of Ghoroob Mirdif is ready to be...

First Arab woman to conquer Everest based in UAE

Palestinian mother of two successfully reaches world’s highest peak Expedition sponsored by Palestinian Welfare Association and Arabtec Construction Suzanne Al Houby, a Palestinian-born and UAE-based mother...

Young brick builders to develop master skills

With Burj Khalifa entering the Architecture Series of LEGO®, the bricks' building concept is definitely expected to gain more popularity among residents of Dubai....

Weekly economic review: “Worries persist”

Weekly economic review by Gary Dugan US economic data shows ongoing weakness Good news- signs that inflation could be peaking High dividend paying companies offer some...

Bulgaria reinforces its investor appeal

Throughout the last decade, Bulgaria created its real estate investment profile mainly through huge coastal developments and ski resorts. Property investors were attracted by...