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Yearly Archives: 2011

Regional stock markets to rebound by the end of May

Stock markets in the GCC have been impacted by the current regional civil unrest in the Arab world, with company valuations discounted compared...

Precious metals rebound; Silver up nearly 5%

Precious metals recovered on Monday morning, after commodities’ plunge last week. Silver futures advanced nearly 5% and gold topped $1,500 an ounce, as investors...

LinkedIn to launch IPO

LinkedIn Corp. announced today it will launch an IPO on Monaday 19, 2010. The company said it expects to offer 7.84 million shares...

The Address Hotels + Resorts win accolades at World Travel...

The Address Hotels + Resorts has won five key honours at the World Travel Awards (WTA) 2011 highlighting the credentials of Dubai’s leading hotel...

Preparing Emiratis for leadership roles in banking

Dubai Islamic Bank (DIB) announced today the launch of its second Qiyadee programme to develop a core group of employees to assume managerial positions...

Crude-oil futures rose; stocks advance in Asia

Crude oil futures rose more than 1% to trade above $98 a barrel, after sliding more than 15% last week amid a broad...

Cash-strapped residents get free debt advise in Dubai

ISDM, the Dubai-based credit counseling and debt management company is set to hold its first free, public open house counseling event where participants can...

Emirates resumes services to Abidjan

Emirates Airline today confirmed that it will resume its flights to and from Abidjan, Cote D'Ivoire, effective 12 May. Emirates also reopened its...

Are computers making humans irrelevant?

Are the machines created by human kind soon going to make people irrelevant as species? Every time a new computer is invented to help us...

Emirates Airline removed fuel surcharge on all tickets with immediate effect

Tim Clark, President Emirates Airline said: “In line with the recent decrease in fuel prices Emirates has removed its fuel surcharge on all...

Study reveals incremental innovation key to competitiveness

87% of companies have increased product range India and China dominate sales focus globally Despite the global recession, 87% of companies have grown their portfolio of...

Correction in gold and silver went too far

Silver hit a string of 31-year highs for most of the year, but the rally ended abruptly last week, when repeat margin-requirement increases squeezed...

DAMAC Properties granted approval to process transactions for the re-sale of...

Leading independent property developer, DAMAC Properties, has been selected by the Dubai Land Department as one of few developers to be granted access to...

Forbes Middle East: A map for new investments

"Forbes Middle East" has provided in its seventh edition an in-depth study of the free-zones, highlighting the features of these areas and the important...

MENA stock markets’ outlook still one of the sizable risk

In a sea of governmental change among many of the Arab countries in the Middle East and North Africa, stability and investment opportunities will...

Service charges remain high in Dubai

Service charges and fees charged by developers in Dubai continues to be unsustainable high. Maintenance fees at several locations, including Downtown Dubai is rather...

Palazzo Versace Construction Update

Palazzo Versace Dubai is being developed on 130,000 square meters, once completed it will include, restaurants, spa, 188 condominium residences, penthouses, 148 hotel rooms...

The Dubai Mall hosts month-long ‘Electronics Promotion’

Shoppers who spend AED 200 at electronic retailers stand to win LED television, Blu Ray player, home theatre system and a grand prize...