Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, inaugurating the Dubai International Horse Fair at the Dubai International Convention and Exhibition Centre yesterday. Dubai horse fair attracts firms from 30 countries Staff Report Published: March 20, 2008, 23:54 Dubai: Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai …
Lire la suite Dubai horse fair attracts firms from 30 countries
Dubai: The UAE, conceding to US pressure and a desire to act in concert with Gulf allies, will keep the dirham pegged to the dollar, a UAE Central Bank official said. US embassy officials last week told UAE Central Bank Governor Sultan Bin Nasser Al Suwaidi of their concern about reports that the country may …
Abu Dhabi: The UAE stock markets continued their slide on Sunday in line with the bearishness prevailing in global financial markets. Markets worldwide were highly volatile last week, impacted by lifetime-high oil prices and a weak dollar. Traders were unnerved by global concerns that the US economy is fast heading towards recession. The Emirates Securities …
Lire la suite UAE stocks continue slide amid bearish global trend
Dubai: The UAE’s central bank has launched a study into a revaluation of the dirham, the Middle East Economic Digest (MEED) reported late on Friday, citing a bank official. « There is a study group that has been looking at the effects a revaluation would have for several months now as part of the planning for …
Dubai: Jumbo Group, the $2 billion electronics retailer, is planning to expand business organically as well as through acquisitions, in addition to a planned listing in Dubai. « Given Jumbo’s current financial position, we would, in fact, be interested in acquiring some businesses with synergies, » Vidya Chhabria, chairperson of Jumbo Group, said, responding to takeover rumours. …
Lire la suite Jumbo plans Dubai listing with eye on retail investor
Dubai: Airline officials in the UAE on Tuesday said they would continue to operate flights to India despite a major strike by airport employees. « Emirates flights to India will continue to operate as per schedule, » the Emirates spokesperson said in an e-mailed statement « We have been informed that airport authorities and private ground handling agencies …
Lire la suite Airline officials in UAE optimistic of India operations
New York: Oil prices jumped to a new record above $106 on Friday but extended their recent pattern of choppy trading after a weak jobs report convinced many traders that the Federal Reserve’s interest rate-cutting campaign will continue. Employers cut 63,000 jobs in February, the biggest drop in five years, the Labor Department said Friday. …
Lire la suite Oil prices hit new record above $106 on interest rate, dollar expectations
Dubai: Dubai International Capital, the private equity arm of the Dubai Holding, said on Tuesday that it is bidding to buy the Liverpool football club, but said the company has not reached an agreement with the American owners of the club on the valuation. « It’s no secret that we have been in discussions with the …
Lire la suite Dubai International Capital confirms bid for Liverpool
Dubai: The Dubai Government has issued a law establishing an event management agency with a capital of Dh150 million to manage and organise cultural and sports events, exhibitions and conferences in the emirate. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, yesterday issued the …
Munich: His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, received here on Thursday Speaker of the Bavarian Parliament Alois Gluck. During the meeting held at the Marriot Munich, they discussed bilateral relations and cooperation between Sharjah and Germany, especially in the fields of economy, culture, science and …
