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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...