Unstable weather to continue
Whether
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Apr 152012
Dubai: The weather in the UAE will remain unstable on Saturday and for the next two days with chances of thunder and rain in the evening until Monday morning due to the persistent low pressure coming from Saudi Arabia, according to Read more [...]
DIFC Weekly Economic Commentary: 15 April 2012
Motoring
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Apr 152012
The euro fell as the spike in Spanish bond yields revived debt concerns in Europe while the dollar gained against the CHF and JPY. Gold prices, which were rallying most of last week, dipped almost 1.5% on Friday after release Read more [...]
Apr 152012
Saudi Arabia (SABIC)’s shares headed for
the lowest close in almost six weeks on investor concern that
oil prices may retreat amid signs the global economic recovery
is slowing.
Saudi Kayan Petrochemical Co. (KAYAN), the company 35 percent owned
by Saudi Basic Industries Corp., slumped 5.9 percent after its
first-quarter loss widened. Saudi Arabian Read more [...]
Apr 142012
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Kanoo partnership milestone for Etihad
Travel
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Apr 142012
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Powering Down
Motoring
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Apr 142012
ABU DHABI, United Arab Emirates—The electric cars quite literally drive themselves in Masdar City, a carbon-neutral village designed to show off the United Arab Emirates’ commitment to renewable energy. The “personal rapid transit” vehicles have glass doors that slide back with Read more [...]
Apr 122012
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5th Gulf Film Festival opens in Dubai
News
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Apr 112012
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Apr 092012
For all those, waiting anxiously, with fingers crossed, and hoping to see their hard work translated into a heftier pay cheque, can heave a sigh of relief. If a recent job survey is anything to go by, then there’s money luck awaiting employees this Read more [...]
Apr 092012
Dubai’s benchmark stock index
retreated for a third day, pushing Persian Gulf shares lower, on
global growth concerns and as oil fell after Iran agreed to
resume talks on its nuclear program.
Emaar Properties PJSC (EMAAR), developer of the world’s tallest
tower, fell 0.9 percent. Emirates Integrated Telecommunications
Co. (DU), the United Arab Emirates’ second-biggest phone Read more [...]
Gulf banks bounce back from stagnation
News
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Apr 092012
Dubai: The banking industry in the Middle East experienced a healthy revenue growth of seven per cent in 2011 after a year of stagnation and the strong recovery was led by GCC banks, according to the latest Middle East Banking Index of Boston Consulting Group (BCG).
The Read more [...]
Dubai to organize a Chinese cultural awareness
Business
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Apr 092012
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Fairmont Makkah to showcase at ATM
Tourism
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Apr 082012
Fairmont Raffles Hotels International Makkah (FRHI), the operator of a portfolio of leading Middle East five-star hotels, has announced its participation at the upcoming Arabian Travel Market (ATM) in Dubai.
ATM, a leading travel and tourism exhibition, will take place Read more [...]
Apr 082012
Dubai shares retreated to a one-week
low ahead of first-quarter earnings and after a U.S. jobs report
missed estimates, fueling concern the global economic recovery
is stalling. Saudi shares tumbled.
Arabtec Holding Co. (ARTC), the United Arab Emirates construction
company whose shares have more than Read more [...]
Apr 082012
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