Abu Dhabi: A massive influx of counterfeit products is taking its toll on the established brands as the UAE government plans to reduce the impact of a Dh10 billion annual import of fake products into the country. The UAE Ministry of Economy (MoE) and the Brand Owners Protection Group for the GCC and Yemen (BPG) …
Basel: Inflation in the UAE, which pegs its currency to the dollar, is stabilising and likely US interest rate hikes will lift the ailing greenback, the UAE central bank governor said on Sunday. Speaking to Reuters on the sidelines of the annual central bankers meeting in Basel, Sultan Bin Nasser Al Suwaidi said Gulf Arab …
Abu Dhabi: The UAE national pavilion at Zaragoza International Expo (Expo Zaragoza 2008) is gearing up to attract as many as eight million visitors, according to the event’s commissioner general Emilio Fernandez-Castano. Castano, who is visiting the UAE on invitation by the national media council, thanked the UAE for being one of the first countries …
Dubai: Dubai Financial Market yesterday closed higher for a fifth trading day, adding 0.15 per cent to 5,720.51. Emaar Properties rose 0.87 per cent and Emirates NBD 0.43 per cent. Abu Dhabi’s benchmark, which crossed 5,000 points for the first time in more than two years on Sunday, slipped 0.09 per cent to 4,995.74 points, …
Abu Dhabi: Abu Dhabi’s general index on Sunday crossed the 5,000 mark for the first time this year as bullish UAE markets added more than Dh17.4 billion to the market value of listed companies. The value of traded shares recovered substantially to Dh4.3 billion of which Dh2.6 billion was in Dubai. The Emirates Securities general …
Lire la suite Abu Dhabi index crosses 5,000 for first time this year
The UAE’s electricity demand projections are staggering. Based on future development plans, the current installed capacity of energy will need to double by 2015. The amount of energy the UAE consumes is set to treble by 2020 – a reflection of a very energy-intensive lifestyle. Even as the energy-producing Middle East sells its wares in …
Dubai: Dubai said a second set of bonds that it plans to sell from a Dh15 billion ($4.09 billion) borrowing programme will have longer maturities than the first as the emirate seeks to finance infrastructure projects. Dubai this week sold its first bonds, raising Dh6.5 billion to finance projects, including airports and an urban railway …
Dubai: Zack Shahin, the former CEO of the Dubai-based and publicly listed Deyaar Development, was arrested almost three weeks ago for allegedly embezzling more than Dh100 million, Gulf News has learnt. Dubai Attorney General Essam Eisa Al Humaidan confirmed to Gulf News on Thursday the detention of the US citizen Shahin, who was denied bail …
Lire la suite CEO of Dubai property developer Deyaar detained
Abu Dhabi: UAE stocks continued their winning streak for the second consecutive session, with more than Dh2.72 billion worth of shares traded. The Emirates Securities general index advanced 0.65 per cent, after marg-inal gains recorded in Dubai and Abu Dhabi, where some of the blue chips ended the session in the red. In Dubai, the …
Lire la suite UAE stocks post gains for second straight session
Abu Dhabi: UAE’s markets advanced marginally on Tuesday, maintaining the tight range of less than one per cent and gaining only Dh4.5 billion in market capitalisation. The Emirates Securities general index advanced 0.55 per cent to 5,955.70, sustaining a one per cent level of losses since the beginning of the year, one of the best …
