Return of Dubai’s Pink Panthers … not on CCTV
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Feb 162012
DUBAI // The stolen Audis burst through the glass doors of Wafi Mall. Tyres squealed across the marble corridors before coming to a stop outside Graff jewellery store.
There, three men used hammers to smash through a glass display cabinet and gain entry to the store before gathering up jewels Read more [...]
Dubai housewives brawl in street over flower pots
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Feb 162012
DUBAI // An Emirati woman threatened to cut the legs off a female jogger if she walked past her house again, a court heard yesterday.
The defendant, 29-year-old Government employee F I, was charged in the Dubai Criminal Court of First Instance with assaulting, threatening and insulting a 36-year-old Emirati housewife, H Read more [...]
Dubai to see up to 16000 more property units in 2012
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Feb 162012
Dubai's property sector will see up to 16,000 new units come on the market this year, the head of its real estate watchdog said on Wednesday, adding further pressure to an already oversupplied sector.
Supply in 2012 will be higher than in 2011 when Read more [...]
Feb 162012
February 16, 2012, 12:53 AM EST
By Alaa Shahine and Maher Chmaytelli
Feb. 16 (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 162012
James Blunt's name above posters advertising a jazz event?
It may be an odd choice having the UK pop singer headlining the Skywards Dubai International Jazz Festival, which begins tonight, but such is the nature of the niche genre that it still requires industry Read more [...]
Dubai sees DIFC, Jafza debt deals without govt help
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Feb 162012
DUBAI - Dubai expects two of its main companies to refinance $3.25 billion of debt without government support. DIFC Investments, a unit of the emirate’s tax-free business financial centre, has $1.25 billion in Islamic bonds maturing in June, while Jebel Ali Free Zone (Jafza), another Read more [...]
Abu Dhabi helps Dubai again with bank bailout
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Feb 162012
Wed Feb 15, 2012 1:36pm EST
* ENBD says got UAE govt loan to help with Dubai Bank deal
* Dubai's largest lender's provisioning up 425 pct in Q4* Q4 net profit down 62 percent to 152 million dirhams
(Edits)By David French and Mirna SleimanDUBAI, Feb 15 (Reuters) - The acquisition of a
struggling Islamic lender by Dubai's largest bank, Read more [...]
Upbeat Dubai set for 4.5% growth
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Feb 162012
DUBAI — Economic activity in Dubai is gaining new momentum amid rising optimism as the emirate targets over 4.5 per cent growth in gross domestic product in 2012, Shaikh Ahmed bin Saeed Al Maktoum, the head of the Dubai Economic Sector Committee, said on Wednesday. Dubai’s Read more [...]
Dubai to get 16000 more property units
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Feb 152012
Dubai to get 16,000 more property units
Dubai:
Dubai's property sector will see up to 16,000 new units come on the market this year, the Read more [...]
Feb 152012
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 as economic growth accelerates.
The second-biggest member of the United Arab Emirates
federation doesn’t need to raise money Read more [...]
Dubai Aerospace says acting CEO resigns
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Feb 152012
DUBAI |
Wed Feb 15, 2012 9:02am EST
DUBAI Feb 15 (Reuters) - Troubled government-owned
leasing firm Dubai Aerospace Enterprise (DAE), which cancelled
orders from Boeing and Airbus last year, said on
Wednesday that its acting chief executive has resigned.
George Mushahwar left DAE to start an independent Read more [...]
Dubai GDP to grow by 5% in 2012
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Feb 152012
Dubai: Dubai's GDP is expected to grow between 4.5 and five per cent in 2012, Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee, said at the Dubai Economic Outlook 2012 conference yesterday.
"In spite of the difficulties Dubai has experienced, particularly in 2009 and Read more [...]
Trade, tourism keep Dubai economy growing
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Feb 152012
(AFP)
–
4 hours ago
DUBAI — Dubai's economy will continue to grow in 2012 despite persistent contraction in its once rapidly-booming construction sector, thanks to healthy trade and tourism, an official and economists said Wednesday.Growth in the gross domestic product of the debt-laden emirate is "expected to be Read more [...]
Dubai’s GDP to grow 4.5 per cent
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Feb 152012
Dubai: The Dubai economy will grow 4.5 per cent this year, up from an estimated 3 per cent last year, a top government official said.
Shaikh Ahmad Bin Saeed Al Maktoum, chairman of Dubai’s Supreme Fiscal Committee, said that trade, logistics, transportation and tourism sector amounted for Read more [...]
Feb 152012
February 15, 2012, 6:47 AM EST
By Mourad Haroutunian
Feb. 15 (Bloomberg) -- Dubai’s shares retreated for the first time in six days on investor bets that gains prompted by investor optimism ahead of Emaar Properties PJSC’s earnings were overdone.
Emaar, the Read more [...]