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Foreclosed properties hit auction market in Dubai

The Dubai Land Department sold eight foreclosed homes in Dubai in the first bulk sale of repossessed homes in the emirate last week.

Endearing ‘Muppets,’ Peter Gabriel and Sicilian musicians take centre stage at DIFF

Endearing ‘Muppets,’ and musical world of Peter Gabriel and Sicilian musicians take centrestage at DIFF on Friday

Nakheel pays off AED 7.3bn to creditors

Property Developer Nakheel has paid AED 7.3billion it owes to trade creditors under its debt restructuring proposal, said a spokesman for Nakheel.

Bollywood rising stars impress Dubai with easy charm, quick wit at DIFF

Rising stars of Bollywood, Ranveer Singh and Anushka Sharma charmed Dubai with candour, wit and effortless grace, at 8th Dubai International Film Festival

Gifts & gourmet goodies at Dubai Marina Mall

Children can enjoy making Gingerbread Houses every Friday from 5 to 6pm on Dec. 9, 16 and 23 and will be delighted to decorate their own Cinnabon cupcakes from Dec. 14 to 20 between 5 to 8pm.

Commodities growth to ease in 2012

Expectations of lower inflation is expected to reduce commodities’ appeal in 2012. Two of 2011’s strongest performing assets, gold and oil, are unlikely to replicate these returns in 2012.

Wealth Management Year ahead 2012, Key Investments

Investors should focus on investments that offer yield, quality and diversification amid expectations that the global economy will avoid recession but experience fragile growth in 2012

Middle East carriers expected to post lower profits in 2012

Middle East carriers are expected to post a $300 million profit, less than half the previously forecast $700 million profit, as long-haul market conditions deteriorate, in particular those linked to the weak European economies.

Arab Though Foundation dedicated to support Innovators

The Arab Thought Foundation celebrated the end of its tenth Annual Conference FIKR10 with a dinner at the Pavillion hall, Burj Khalifa, Dubai.