UAE
June 10, 2013
A former woman executive with Nakheel allegedly fled to her home country after embezzling more than Dh1.3 million worth of tenancy contract cheques, a court heard.
The UAE and Qatar will see a gradual surge in foreign investment inflows of up to $3 billion if they get elevated to the emerging market status tomorrow, investment managers said.
The regulation allows a shareholder who does not want to or cannot subscribe for the share increase to sell his rights for financial benefit.
The Dubai and Abu Dhabi benchmarks fell yesterday, led by real estate stocks, that had some of the biggest gains this year ahead of index compiler MSCI Inc.’s decision on its review of UAE’s and Qatar’s possible upgrade to emerging market from its current frontier status.
June 9, 2013
Fans might have thought Justin Bieber's trip to Dubai was exotic, but now the region's favorite Canadian pop star has booked two tickets to outer space 'cause nobody can top that!
What began as a mildly worded petition calling for moderate political reform in March 2011 has manifested into a situation that has cultivated an ever growing political opposition.
Dubai Global furniture solutions leader Intermetal, a Group Harwal Company, has invested Dh75 million to establish a new factory in Dubai.
The Abu Dhabi Department of Economic Development (ADDED) said yesterday economic conditions in the emirate improved considerably in the first quarter this year led by an outstanding performance of local banks and the stock market that was further boosted by high global oil prices and inflow of tourists into the emirate.
Word on Twitter is that folks were rolling in Dubai after the British comedian performed two sell-out gigs at Dubai World Trade Centre.
June 6, 2013
Dubai-based Arabtec Holding said yesterday it has been awarded a Dh810 million contract to build a 5-star hotel and apartments in Business Bay Dubai.
Led by real estate and banking stocks, Abu Dhabi index rose moderately yesterday after a day of decline, its highest close since October 2008. The benchmark gained 0.76 per cent to end at 3599.29.
According to a preliminary energy audit conducted by Tecom in its facilities, a robust building operating practice would reduce energy consumption by 10 per cent immediately.
This Friday, all roads will lead to Dubai as the 16th edition of the Dubai Summer Surprises (DSS) kicks off with shopping bargains in participating malls and family-centred entertainment activities for the month-long festival.
Action hero Jean-Claude Van Damme has spent his career bashing bad guys - and now the ‘Muscles from Brussels’ is preparing to beat up brazen bankers in Dubai.
June 5, 2013
The UAE’s bid to host the Italian Super Cup in December between Lazio and Juventus has been rejected, according to the Italian press.