UAE industrial activity set for steady 5-10-yrs growth

DUBAI — Industrial activities in the UAE are likely to see steady growth over the next five to 10 years as the country’s focus slowly returns to the core economic sectors of aviation and industry, a leading commercial property and real estate services adviser said.



DEWA completing Dh10b project

DUBAI — The Dubai utility said its one of the biggest project worth over Dh10 billion will be completed this year that will give a significant boost to its power and water capacities.



Companies benefit from exposure

Dubai : While the Dubai Shopping Festival (DSF) is a time for many to find the best bargains, for companies like Nissan and Lexus — key sponsors of DSF 2011 — it’s a time for much marketing and exposure.



Surge in exports led non-oil trade growth of 11.5% in first 10 months

ABU DHABI — The non-oil foreign trade continued to maintain a steady growth of 11.5 per cent year-on-year in the first ten months of the year ending October 31, on the back of strong surge in exports.



Dubai ranked top shopping destination in the world

DUBAI — A majority of Arab world shoppers rank Dubai as the world’s top shopping destination, a latest survey by Yahoo!Maktoob Research has revealed on Sunday.



Cement and steel prices fell in Nov on supply rise

The construction materials’ prices in Abu Dhabi showed a declining trend in November as cement, construction steel and wood rates fell as compared to a month ago.



Standard Chartered invests $75 million in Bahrain's firm

Standard Chartered Private Equity Limited (SCPEL), the private equity arm of Standard Chartered Bank.



Dubai Duty Free sales rise 14% to Dh4.66 billion

The New Year began on a high note for Dubai Duty Free with the airport retailer announcing double digit sales growth for 2010



Global shipyard ends year on high note

DUBAI - A high-level naval delegation led by Commodore Shaikh Saeed bin Hamdan bin Mohammed Al Nahyan, Deputy Commander, UAE Navy, has visited the Dubai Maritime City and Drydocks World’s facilities in Dubai, which has witnessed a huge success in 2010.



GCC plastic production to increase 100% in five years

DUBAI - The UAE and the Gulf countries are set to become one of the world’s largest sources of petrochemicals and plastics products as the oil-producing countries invest heavily in downstream petrochemicals.