Fujairah: The UAE faces a slowdown in loan growth and real estate activity as it grapples with the fallout of the global financial crisis, policymakers said. States in the world’s biggest oil-exporting region are expecting the global problems to put the brakes on a regional econ-omic boom supported by six years of high oil prices. …
Qatar Airways (QA) said yesterday it has secured a $500 million (Dh1,836m) 12-year finance lease from BNP Paribas, Bank of Tokyo-Mitsubishi, Deutsche Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe for the purchase of three Boeing 777 aircraft. The aircraft are scheduled for delivery by the year-end, the Doha-based carrier said in a …
Lire la suite Qatar Airways gets $500m loan for three Boeing planes
It’s big in every sense of the word – a vast retail temple of glass and marble stretching over the equivalent of 50 football fields. Complete with one of the world’s biggest indoor aquariums, an Olympic-sized ice rink and one of the largest cinemas in the Middle East, The Dubai Mall is a landmark like …
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 prosperous young generation. And jewellers in China say they …
High fuel costs sent Emirates’ net profits for the first six months ending September 30, 2008, down 88 per cent to Dh284 million ($77.3 million) from Dh2.36 billion for the same period in 2007. The airline said its fuel spending in the first half of this year more than doubled to Dh9.2bn from last year’s …
Regular flights to internal destinations in Abu Dhabi are to be offered for the first time by executive jet and helicopter operator Falcon Aviation Services. The company will also consolidate service between Abu Dhabi’s Emirates Palace and Dubai’s Burj Al Arab. « Without doubt this new launch and expansion in the private aviation sector reflects the …
Lire la suite Falcon to offer regular flights to destinations in Abu Dhabi
Stock markets in the oil-rich Gulf states continued to bleed on Tuesday, led by the Dubai bourse, as investors remained jittery over the pessimistic global economic outlook. Investors are becoming increasingly concerned over the future of Gulf economies as the price of oil, the main source of income, has dropped sharply coupled with reports of …
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 Dubai was told. …
Sliding property sales and severe slowdown in the global real estate market have forced Damac Properties to slash 200 jobs at its Dubai office, The National reported. « The job cuts have been made across divisions including sales, marketing, recruitment and administration, » wrote the Abu Dhabi-based newspaper. Employees were given three months’ severance pay and were …
The Dubai Government has formed a high-level committee that will oversee and decide on the launch of future real estate projects in the emirate in view of the global economic slowdown, a top government official said yesterday. The committee, which was formed in October this year, consists of Dubai-based master developers and a few private …
