Gold prices set to reach Dh223 per gram

DUBAI: Gold prices could top $1,700 (Dh6,244) per ounce (one ounce equals 28 grams which makes it Dh223 per gram) by end 2011, jewellers have said.

Raj Sahai, director for retail of Damas said: "Historically, gold prices have constantly gone up over time. We think it could go up to $1,700 per ounce by the end of the year due to continued high demand."

UAE pumped $5.7b into Comesa

Dubai: The size of UAE investments in the Common Market for Eastern and Southern Africa (Comesa) reached $5.7 billion (Dh20.92 billion) last year, Heba Salama, Director of Comesa Regional Investment Agency, told Gulf News yesterday.

Radiation fears over Japanese goods

Dubai: Radioactive-tainted milk, tap water and spinach discovered in tsunami-crippled Japan may spawn fears that Japanese electronic products such as mobile phones, television sets and computers shipped abroad could also be contaminated.

Gold tracks oil lower, silver stays steady

Singapore: Gold tracked oil lower and was under pressure from firmer equities, but bargain hunting from jewellers and worries that violence in Libya and the Middle East could spread may support prices that have dropped from a lifetime high.

Dubai turns the page on recession

Dubai: With the outstanding performance of many govt agencies to counter the financial crisis, Dubai has recovered from the impact of the global economic recession, Shaikh Mohammed said.

Dubal net profit surges 101.8%

Dubai: Dubai Aluminium Company Limited, also known as Dubal, on Tuesday said its net profit surged 101.8 per cent to Dh2.13 billion in 2010 as sales and production marked significant increase during the year.

IMF confident of UAE recovery despite regional uncertainty

Dubai: The UAE's economic recovery is gaining strength, supported by a favourable global environment but "subject to increased regional uncertainty", the International Monetary Fund (IMF) said on Monday.

The First Exporters Forum to bolster UAE Exports

Government agencies convene to support exporters in the country

Chile's Blueberry Commission in Dubai in talks with UAE

In order to generate new contacts with importers, distributors, wholesale markets and retail chains, the Blueberry Committee of Chile, an entity that operates under the umbrella of the Association of Fruit Exporters of Chile AG (ASOEX), carried out its first mission to Dubai, the economic capital of the United Arab Emirates (UAE).

India-UAE Explore Potential Investments At The Dubai Conclave

Identifying potential areas of investment and collaborations between India and the UAE is the aim of the two-day conclave will is being held in Dubai