Lifestyle-related conditions such as cardiovascular diseases, cancer and diabetes are being targeted under a new approach to healthcare in Dubai, says a report. Other priorities are providing facilities and services to accident and trauma victims and to children with genetic disorders and congenital abnormalities. Adequate capacity is in place to deal with the relatively low …
The outlook for economic growth in the UAE next year is positive, said Obaid Humaid Al Tayer, Minister of State for Financial Affairs. « Our economy is strong and our laws are sufficient to deal with the international financial crisis, » he told the Federal National Council. « We are ready to provide the banks with other funds …
Lire la suite UAE economic growth outlook for next year positive, says Al Tayer
UAE banks boosted their mandatory reserves with the Central Bank by more than Dh13 billion in the first half of 2008 as part of a CB drive to stem excess liquidity and tackle high inflation, official figures showed yesterday. But the CB is expected to have eased its rules on the required minimum reserves in …
Lire la suite UAE banks sharply boost reserves with Central Bank
Emaar Properties is looking at investing in the Philippines mining sector using controlling stakes in joint venture companies, a newspaper reported yesterday. « There is a resurgence of development in the region, as China, India and even Japan require continued supply of minerals, » the Philippine Daily Inquirer quoted Environment and Natural Resources Secretary Lito Atienza as …
Lire la suite Emaar may invest in Philippines’ mining sector through JVs
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 report titled ‘UAE: Macro Economic Update’. According to the bank, …
Lire la suite Government support and demand to help realty growth in UAE
International ratings agency Moody’s Investors Service has placed on review for possible downgrade the long-term deposit rating and bank financial strength rating (BFSR) of four Kuwaiti banks due to their exposure to property sector. The banks are National Bank of Kuwait at Aa2/B-, Commercial Bank of Kuwait at Aa3/C, Al Ahli Bank at A1/C- and …
Lire la suite Four Kuwait banks reviewed for possible rating downgrade
The Al Habtoor–Murray & Roberts–Takenaka (HMRT) Joint Venture has been awarded a Dh4.9 billion contract to construct Dubai Airport’s new Concourse 3 for Dubai’s Department of Civil Aviation (DCA). Concourse 3 will be connected to the two major public levels of Terminal 3 via an automated people mover in addition to the vehicular and baggage …
A massive influx of foreign workers triggered by unprecedented economic performance boosted Qatar’s population by more than half a million in just four years to record one of the world’s highest growth rates. Official figures showed the population of the world’s third-largest gas producer leaped by nearly 18.1 per cent at the end of June …
Saudi Arabia’s banking sector, one of the largest in the Middle East, has started to feel the pinch of the global financial crisis with a decline in its performance in the third quarter for the first time in 2008. After surging by 29.1 and 8.3 per cent in the second and first quarters of this …
Lire la suite Saudi banks start feeling tremors of global meltdown
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 fiscal surpluses …
Lire la suite Wealth reserves to shield UAE from global credit crisis
