Dubai Government launches a USD20 billion long term Bond Programme
As part of its long term financing strategy, Dubai Government today launched a USD20 billion Long Term Bond Program, the first issuance of which,...
UAE amends terms for key lending facility
The United Arab Emirates Ministry of Finance has amended the terms of its liquidity facility for banks, curbing the state's ability to convert the...
Property Sales worldwide fell nearly 60 per cent in 2008
The latest comprehensive report Global Capital Trends™, published by Real Capital Analytics, Inc. reveals that as perceived risk increased and lending decreased throughout 2008,...
Recession or Depression?
A recession is defined to be a period of two quarters of negative GDP growth. By definition is a national or world event and...
Bailout actions for the Real Estate Sector badly needed
The United Arab Emirates may be preparing a bailout plan for the real estate industry, said EFG- Hermes, according Bloomberg.
After the Government of...
Chinese State Circus at Dubai Festival City extended
The Chinese State Circus show, the highlight of Dubai Festival City events during DSF 2009, will now run till March 1 due to overwhelming...
New residency visas issued on daily basis
The number of working visas being issued in Dubai remains a “net positiveâ€, according to the chief economist in the Dubai government.
Real growth in...
“UAE property prices have fallen off a cliff”
UAE Property - Chill winds rapidly changing landscape
In it's latest report Morgan Stanley summarized what the firm considers are the most important developments in...
Salaries Cap for Dubai’s Top Executives?
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Dubai Crown Prince launches Hamdan Bin Mohammed e-university
The first e-university in the Arab region
Dubai Crown Prince HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum launched today the Hamdan Bin Mohammed...
Banks ordered not to publish audited annual accounts
UAE Central Bank ordered all banks not to publish their audited annual accounts or announce any data related to the 2008Â results, according an article...
Dubai property prices decline
The latest report by HSBC stated that Dubai property prices fell 23% last month from their record high in September. Prices for Dubai villas...
BenQ and NTS jointly launch attractive year end promotion across the...
Customers in the UAE can now avail BenQ 32 inch (HD ready) & 37 inch Full HD LCD TVs at a ‘record offer price’...
The 3rd anniversary of HH Sheikh Mohammed Bin Rashid as Ruler...
A special documentary on the 3rd anniversary of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President, Prime Minister and Ruler of Dubai taking...
Public Sector to observe national day, Eid Al Adha from 2...
Federal ministries, department and entities will remain closed from 2nd December 2008 (4th Zul Hija 1429) up to 11th December 2008 (13th Zul Hija...
Property sales in Dubai and Abu Dhabi stand still
Real estate Industry shrinks
Property Consultants loose jobs
Property sales in Dubai and Abu Dhabi have come to a near standstill, according to real estate industry...
Liquidity package for Dubai under consideration
Officials from Dubai are approaching the UAE government regarding a loan facility that would make state funds available to companies as international sources of...