EXCLUSIVE: Boeing chairman sees more job cuts in 2010
Transportation
Aerospace giant confirms fresh round of job cuts planned amid aviation downturn.
More UAE bank mergers predicted in 2010 - Ethos
Banking & Finance
Consultancy firm MD says more to go ahead 'without any shadow of a doubt'.
Dubai property market 'may take 10 years to rebound'
Real Estate
UPDATE 2: UBS predicts slow recovery for sector, says prices may slip further 30%.
Qatar CPI falls 0.1% on month in October
Politics & Economics
Consumer Price Index now stands at 122.3, down 4.8 percent from the beginning of 2009 - authority.
TALKING MARKET DOWNTOWN IN THE GULF
Dangerous game |
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Quality streets |
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RELATED STORIES
52% consumers still pessimistic over 2010 - poll
Arabian Business survey shows only 8% are more confident than previous quarter.
GCC urged to form alliances to beat downturn
HSBC's chief economist says move would sharpen competitive edge amid crisis.
Abu Dhabi inflation falls to 20-year low
UPDATE 1: Statistics Centre - Abu Dhabi says rate for first 10 months of 2009 was below 1%.
GCC company earnings down 23% in Q3 - Markaz
Kuwait Financial Centre report shows continuing impact of global downturn in region.
Air Arabia sees tough conditions continuing
Company official says aviation industry likely to remain depressed until Q2 of 2010.
Abu Dhabi's maximum rent rise set at 5%
New rules also see contract extended from 4 to 5 years in bid to stabilise market.
UAE banks set aside AED4bn for bad loans in Q3
Central bank data shows largest quarterly jump in provisions this year.
Bahrain real estate market held back by delays, traffic - CBRE
Report says Gulf state has 'tremendous' potential for property investors.
Free legal advice move 'too little, too late' - poll
Arabian Business poll reveals 68% are dismissive of new Dubai real estate plan.
Kuwait's Zain posts 52.8% drop in Q3 net profit
Arab world's third largest telco hit by high financing costs, currency fluctuations.
EXCLUSIVE: UAE's Hard Rock hotel plans face big delays
Dubai project set for two year delay, while Abu Dhabi hotel plan held up for 12 months.
Kuwait's population stable as expats hit by job losses
Around 3.4m living in Gulf state, private sector takes brunt of fall in worker numbers.
Saudi inflation down to lowest rate in more than two years
Data shows kingdom inflation at 3.5% in Oct, down nearly 1% on previous month.
Union Properties posts Q3 loss
UPDATE 1: Dubai's third largest developer posts lost of $41.3m, compared to $61m profit in Q3 2008.
'Financial panic is behind us'
World's most admired investor thinks last year's financial panic is thing of the past.
Mideast nations most positive about global rebound - survey
UAE residents have highest trust level in government to manage crisis.
Gulf economy to grow 6.2% in 2010 - EFG Hermes
Investment firm sees positive GDP growth on higher oil prices, production levels.
'Slow recovery' seen for UAE construction sector
UPDATE 1: Report also says Mideast likely to see shift from luxury to affordable homes.
Bahrain real estate residential sales see 52% drop
Research firm DTZ says recovery in property market will be slow due to rising supply.
TAQA posts 88% slump in Q3 net profit
UPDATE 2: Vice chairman says new committee has been set up to oversee strategy.
Saatchi & Saatchi chief warns of global unrest in 2010
CEO Kevin Roberts says stimulus not working, wave of crime and violence to come.
Zain expects $1bn shortfall on 2009 revenue target
Kuwaiti mobile operator's CEO says global crisis will have impact on performance.
Kuwait's Global posts $19.6m Q3 loss
Investment bank's losses narrow by 81%, says it needs to restructure estimated $1.75bn of debt.
Bahrain office rents drop 20% in 2009
New CB Richard Ellis report also says residential sector was 'static' in Q3, little change in prices.
32% Qatar infrastructure projects delayed
Public Works Authority chief admits problems with contractors on various projects.
59% say Deyaar job cuts just tip of the iceberg
Arabian Business poll reveals widespread pessimism on future UAE job prospects.
Japanese builders owed billions for Dubai work - official
Japanese consul general says firms facing 'serious debt problems' amid payment issues.
Dubai hoteliers 'need to get real on room rates'
Arabian Adventures chief says city is still expensive compared to rest of the world.
New committee to rule on real estate sector dud cheques
Dubai ruler issues decree in bid to settle disputes over bounced cheques in property sector.
Dubai house prices fall 4% in past six months
Deutsche Bank report says rate of price decline slowing, concerns over supply.
Is the worst of the global financial crisis over or is more bad news on the way?




