Home 2012

Yearly Archives: 2012

Oil prices to jump 10% on supply fears and strong demand

The International Monetary Fund forecast oil prices will gain 10 percent on average in 2012 compared with a year earlier on possible supply disruptions...

IMF forecasts Middle East growth to accelerate

Overall economic growth for the Middle East region is forecast at 4.2 percent in 2012 Inflation will average 9.5 percent In it latest World Economic Outlook...

Prime plot of land on Palm Jumeirah sold for AED 87...

60,000 sqft plot on Palm Jumeirah Pointe, opposite Atlantis bought for AED 1,450 per sq ft Nakheel has sold a prime plot of land on...

Fresh EU concerns prompt move to ‘Risk Off’

Growth Expectations Ease While Prospects of QE Return Investors have scaled back both risk-taking and their expectations for global growth after concerns about European Union...

Dubai Police to auction confiscated vehicles

Dubai Police announced it intends to auction 129 confiscated vehicles, remaining on its premisses after the legal period of detention. Interested parties can preview the...

Mubadala Aerospace to produce parts for Boeing’s Dreamliner

Strata signs 10-year direct supply contract to produce ribs for 777 and 787 Dreamliner Boeing and Strata formalize long-term vision for Strata's future role as...

Consumer confidence in Dubai remains strong

Overall consumer confidence in Dubai remained robust during the first quarter of 2012, driven largely by a positive outlook on personal finance and strong...

DFM Annual Stock Game inaugurated

Dubai Financial Market (DFM) has announced the inauguration of the 10th Annual Stock Game, the most popular educational initiative amongst school and university students...

Golden Cup of Dubai Figure Skating Championship

The Dubai Ice Skating Sport Academy "Queen of the Ice World" (QIW) is pleased to announce The 2012 Golden Cup of Dubai Figure Skating...

Lease-to-own programme launched for Saadiyat Island apartments

The Tourism Development '&' Investment Company launched a competitive lease-to-own payment programme for the exclusive apartments, which form part of The Residences at The...

Middle East aviation supports 2.7 million jobs

Cooperation Key to Meeting Challenges in the Gulf Region The International Air Transport Association (IATA) called upon all parts of the aviation value chain in...

Emirates launches official Facebook page

Emirates Facebook page attracts over 300,000 people in three weeks Emirates airline, one of the world’s fastest growing airlines, has officially launched its Facebook page...

Gold expected to move higher

Last week the gold market tested and briefly broke beneath the trend of higher lows from October 2008. Developing positive news stories are expected to...

Registration opens for “Mohammed Bin Rashid Award for Young Business Leaders”

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE vice President, Prime Minister and Ruler of Dubai, Dubai SME, the...

Silver investors strengthening positions

The good news is that investors are sustaining its position above the pivotal 100 - day moving average at 31.48.

Additional 28,000 residential units to enter Dubai property market in 2012

Approximately 28,000 additional residential units are currently scheduled for completion in 2012, according to Jones Lang LaSalle. This figure would represent an 8% increase...

Dubai Real Estate Market Overview – Q1 2012

Latest research report by  Jones Lang LaSalle called ‘Dubai Real Estate Market Overview – Q1 2012’ covers the current developments within the Dubai office, residential,...

Global advertising spend increased 7.3 percent in 2011

ad market in Middle East & Africa ended 2011 with an 11.3 percent increase in spend vs. 2010 2011 continued to be a challenging year...