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Friday, 27 November 2009 13:29 UAE time
  


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Job losses seen slowing in UAE - StanChart

The rate of job losses in Dubai has begun to decline and is returning to previous levels, according to a senior research executive at Standard Chartered Bank.Marios Maratheftis, regional head of research, said that while there had been ‘"significant" job losses in Dubai at the start of the year, ...
ADCB may be owed $1.9bn by Dubai World - report

... Dubai World, and we have been in discussions more than once today and yesterday,” Ala’a Eraiqat, the chief executive officer of the third-largest lender in the UAE, told Bloomberg in a telephone interview. He declined to comment on specifics. “We have a lot of assurances which is a good thing.”Dubai ...
Dubai debts crisis: latest news

... ." He said further information would be made available early next week. Sheikh Ahmed said that the unprecedented growth, in Dubai and across the UAE, over the past decade "has helped lay the foundation for what is now a broad-based sustainable economy beyond just natural resources"."The economic ...
The art of investment

... ’t deterred Abu Dhabi. Yoyo Meaght, part of one of Europe’s largest art-collecting dynasties, reveals why art is holding its value and why the UAE capital could become one of the market’s largest players.When recessions bite, art and real estate are usually the assets of choice for investors fleeing ...
Scientists spot rare wild cat in Fujairah wadi - report

... of Fujairah in March 2009, WAM added.The discovery of the wild cat demonstrates the high ecological value of the area to the ongoing preservation of the UAE and Middle East's wildlife, it said."The discovery underpins the importance of protecting the Wadi Wurayah area. We have not seen a wild cat ...
Asian, European markets plunge on Dubai debt doubts

... , has said it would ask creditors at its flagship firms Dubai World and property developer Nakheel to delay repayment on billions of dollars of debt. By 8.50pm UAE time on Thursday the DJ Stoxx European bank index was down 5 percent at 218.1 points, its steepest one-day drop since mid-May.Companies ...
Self control

Question: What are the advantages of self storage for companies that operate in the Middle East region?The emergence of self storage in Middle Eastern countries Despite being well-established in regions such as North America and Europe, the concept of self storage is relatively new in the Middle ...
Abu Dhabi transport chiefs give Eid gift to motorists

Abu Dhabi’s Department of Transport has announced that Mawaqif will be offering free parking in the city over the course of the Eid Al Adha and National Day holidays.The free parking will be in effect from Nov 26 until Dec 3. Regular fees will commence as normal from Dec 5.Najib Al Zarooni, general ...
UAE considers allowing citizens to elect 50% of FNC

... representation, we will evaluate our experience, then consider the need for further expansion. Eventually (full democratic representation) is going to happen in the UAE, but if you ask me when, I don’t know,” he told the paper. However, Ghurair ruled out full multi-party democracy in the UAE.“Our ...
UAE withdrew from monetary union for 'fundamental reasons'

... of the planned regional central bank.Suweidi said the central bank's location decision was "political" and did not consider the advantages of the UAE banking sector.But this was not the only reason. One of the fundamental reservations, he said, was "sidelining the GCC unit of account" issue.The ...
High quality services for UAE pilgrims in Medina

... 's team in Medina, has emphasised that his team did not register any violations against the 50 hajj operators who have arrived from the UAE so far. ''We haven't received any complaint about lack of services or any other lapses from the side of operators,'' he noted.He added that a questionnaire was ...
First UAE arthouse cinema opens in Dubai Mall

... were developing the Reel Cinemas brand, there was no doubt that we would introduce The Picturehouse as one of its key unique features in Dubai and we hope it will play an important role in the development of UAE cinemas,” he said.The Picturehouse seats about 100 people and has its own lounge area.
UAE bags communication award

... Obaid Salem Al Zaabi said that the award came to confirm the extent of progress and openness the country's media has attained, thanks to the political will of the UAE's wise leadership, the newswire said.Lebanon, Qatar, Saudi Arabia and Jordan bagged the second, third, fourth and fifth places in ...
UAE real estate market has now hit bottom - analysts

... Chartered Bank, also believed the market had bottomed out but he did expect a quick recovery or a return to the levels seen in 2008.Maratheftis said the UAE government should introduce regulations to prevent any future fluctuations. He advocated a change in the deposit structure, where buyers pay ...
UAE banks need to improve customer service - poll

... especially post financial crisis.While 12 percent of respondents said banks from certain countries like India, which have a large expatriate population living in the UAE, are currently under represented.In September Dubai International Financial Centre (DIFC) granted the State Bank of India a full ...

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READER COMMENTS

  1. Deal sought on Dubai World, Nakheel debts 15
    27 Nov ' 09 at 12:16
    We are looking at realistic action on the current situation, these investments are heading for, which I strongly feel is a positive...   More  »
  2. Dubai debts crisis: latest news 04
    27 Nov ' 09 at 11:41
    Many of us believe in the great achievements of Dubai. But bleating passionate rhetoric in favor of the greatness of our City will not...   More  »
  3. UAE real estate market has now hit bottom - analysts 04
    27 Nov ' 09 at 00:48
    Arabian Business has serious credibility issues to serve up this slop after Dubai has just defaulted. What expert analysts? Send them...   More  »

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