Feb 152012
February 15, 2012, 10:12 AM EST
By Alaa Shahine and Maher Chmaytelli
Feb. 15 (Bloomberg) -- Dubai, the emirate that teetered on the brink of default in 2009, expects two of its main companies to refinance $3.25 billion of debt this year without government help Read more [...]
Feb 152012
Wed Feb 15, 2012 9:00am EST
* Sanctions reverse long expansion of economic ties
* Two U.S. banking measures do most damage* Changing politics in UAE may also be responsible* Even small-scale trade on dhows being hit* Iran likely to seek channels outside DubaiBy Humeyra PamukDUBAI, Feb 15 (Reuters) - Reza, an Iranian Read more [...]
Top 5 Small Businesses to start in Dubai
Business
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Feb 152012
Here is Dubai Chronicle‘s editor suggestions for Top 5 small to medium size of businesses that can provide great earning opportunities for start-ups in Dubai in the current economic climate. The Top 5 businesses doomed to fail in Dubai are most probably Read more [...]
Glimmerglass Demonstrates Breakthroughs in Cyber Security at ISS World Middle …
Business
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Feb 152012
DUBAI, U.A.E--(BUSINESS WIRE)--Glimmerglass,
the leader in optical cyber solutions, today announced that it will
present the CyberSweep™
solution and demonstrate the recently announced CyberSweep Path
Manager™ software at ISS World MEA 2012, taking place at the Read more [...]
Feb 152012
The number of foreign tourists heading to the UAE this year is expected to reach almost 9 million, according to the latest industry forecast issued by international industry consultant Business Monitor International (BMI). The BMI report forecasts that overseas arrivals in the UAE during 2012 will Read more [...]
Feb 152012
DUBAI: Dubai-based real estate giant Emaar Properties announced Tuesday a 27 per cent drop in 2011 net profit to $489 million. The 1.794 billion dirhams net compared with 2.448 billion dirhams ($665.2 million) a year earlier, the company said. Net operating profit was at 2.058 billion dirham ($560 million) in 2011, down 32 per cent from 3.034 billion ($826.7 Read more [...]
Big obstacles for Dubai’s SMEs
Business
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Feb 142012
The number of new businesses in Dubai climbed last year, although high set-up and financing costs are preventing many small to medium enterprises (SMEs) in particular from getting started or growing, experts warn.
A total of 14,360 licences were issued in Read more [...]
Feb 142012
Business News of Tuesday, 14 February 2012
Source: peacefmonline
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Mr Manoj Nair, Emirates Regional Manager for West Africa, has said the airline has Read more [...]
Feb 142012
Major multinational companies generally have corporate social responsibility programmes (CSR), but these are not always easy to create among small businesses. Zakir Hussain, the company director and a film producer at Icon Art Production House in Dubai, discusses how his movie production Read more [...]
Feb 132012
Dubai is to start work on a new Zoo this year in a bid to replace the existing, outdated facility with a new park of “world class” standards, Dubai Municipality has said.
Plans for the new animal centre are expected to be signed off Read more [...]
Feb 132012
February 13, 2012, 4:47 AM EST
By Zainab Fattah
(Adds Dubai Mall expansion in second paragraph, Emaar chairman’s comment in ninth.)
Feb. 13 (Bloomberg) -- Dubai’s developers, battered by three years of falling prices for homes and offices, are seeking refuge in retail assets as shopping tourism powers the Read more [...]
Dubai, United Arab Emirates, Monday, February 13, 2012 — (Business Wire India)
Business
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Feb 132012
As companies endeavour to thrive in a rapidly accelerating global economy, their emphasis on innovation as well as leveraging industrys best practices has grown multi-fold. Business leaders across the region face the onus of identifying and securing long-term growth. Their choices Read more [...]
Top SMEs honoured
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Feb 122012
DUBAI — Small and medium enterprises, or SMEs, which account for over 95 per cent of the business in Dubai, were honoured on Sunday in first-ever ranking initiative that announced top 100 small businesses. Dubai SME, Read more [...]
Feb 122012
While world is beset with financial and business crisis, the UAE investment and trade with Pakistan stand out. Their relations are booming. Investors and businessmen of the UAE have just unveiled plans to invest more Read more [...]
More UAE hiring seen in Q1
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Feb 122012
DUBAI — Employers in the UAE are expected to hire more people in the first quarter of this year than in the last quarter of 2011, a survey report said on Sunday. “Most jobs in Read more [...]