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Government support and demand to help realty growth in UAE (UAE)
Monday 8 December 2008
by Dubai
Strong government support and healthy end-user demand for real estate in the UAE will help maintain a positive long-term growth for the sector, according to a report.
"Real estate sector fundamentals remain strong even discounting near-term weakness," says Abu Dhabi Commercial Bank (ADCB) in a (...) > continue
Wealth reserves to shield UAE from global credit crisis (UAE)
Sunday 7 December 2008
by Dubai
The UAE has accumulated huge wealth during the recent record surge in oil prices which would shield it from the ongoing financial crisis.
A report released by Abu Dhabi Commercial Bank said the severity of crisis in UAE is far less than in the West.
It said the UAE will continue to record (...) > continue
Supercontrat pour Airbus aux Emirats Arabes Unis (UAE)
Sunday 7 December 2008
by Dubai
Etihad, compagnie aérienne d’Abou Dhabi (émirats Arabes Unis), a confirmé hier une commande de dix milliards de dollars à Airbus. Une commande majuscule rapportée au chiffre d’affaires annuel de l’avionneur basé à Toulouse : de l’ordre de 36 milliards de dollars.
Ce mégacontrat vient en fait confirmer (...) > continue
UAE banks under increasing pressure (UAE)
Monday 1 December 2008
by Dubai
The country’s banks are coming under further pressure as the economy slows, leading to calls for additional government measures to ensure their strength.
The Central Bank and Federal Government have taken several unprecedented steps as the global financial crisis has arrived in the Gulf, (...) > continue
Positive fallout may ripple from Mumbai to UAE (UAE)
Monday 1 December 2008
by Dubai
It’s probably unwise, if not unseemly and unkind, to say it, but the events that afflicted Mumbai these last few days are almost certain to have financial implications for India and the UAE.
It isn’t untimely, however, to suggest that those implications could be negative and positive for both (...) > continue
UAE ’largest market for UK in the Middle East’ (UAE)
Monday 1 December 2008
by Dubai
Sheikha Lubna Al Qasimi, Minister of Foreign Trade, has said the UAE and UK could conquer any and all obstacles to their sustained growth and success by fostering a spirit of co-operation and positivity.
Addressing renowned business personalities at an event organised by the British Business (...) > continue
UAE works with world to tackle global crisis (UAE)
Monday 1 December 2008
by Dubai
The UAE intends to work with the international community to tackle the global financial crisis, Sultan bin Saeed Al Mansouri, Minister of Economy, said yesterday.
"We will fulfil our national commitments and implement ongoing development plans as well as meeting our international commitments (...) > continue
UAE to step up measures to protect marine environment (UAE)
Thursday 13 November 2008
by Dubai
The UAE’s Ministry of Environment will step up measures aimed at protecting marine environment and conservation of natural resources as part of the government’s strategy to achieve sustainable development.
The ministry will work out a number of policies and streamline existing regulations to (...) > continue
UAE-made jewellery to glitter in China (UAE)
Tuesday 11 November 2008
by Dubai
UAE jewellers are planning an aggressive expansion into China which they believe will continue to boom despite the worldwide economic turmoil.
China is an emerging retail market for diamonds and jewellery with growth fuelled by the economic growth along the coastal belt and demand from the (...) > continue
Home finance market feels impact of crisis (UAE)
Tuesday 11 November 2008
by Dubai
The mortgage volume in the UAE has begun to take a dip due to slowing real estate activity and tightening liquidity, say experts.
The home finance market is feeling the impact of the rising cost of borrowing and a fall in the appetite for off-plan properties, the GCC Home Finance Summit in (...) > continue
