Nissan goes past 2008 high in the UAE

<p>Dubai: The UAE’s automotive sector recorded its best performance ever in 2008, when unit sales surged past 350,000 units and some of the individual carmakers recorded all-time volume highs. Conventional wisdom since then was that it would be extremely difficult for the industry — and its many players — to do a repeat performance.</p>.... Read more »

Posted on : 5/13/2014

Damac's Q1 profit up 79%?on Dubai's realty rebound

<p>Dubai: The UAE’s automotive sector recorded its best performance ever in 2008, when unit sales surged past 350,000 units and some of the individual carmakers recorded all-time volume highs. Conventional wisdom since then was that it would be extremely difficult for the industry — and its many players — to do a repeat performance.</p>.... Read more »

Posted on : 5/13/2014

Dubai plans for 25m visitors for World Expo 2020

<p>Dubai: The emirate of Dubai will be fully prepared to receive 25 million visitors when it hosts the World Expo 2020 international event in six years’ time.</p>.... Read more »

Posted on : 3/26/2014

UAE stocks continue to rise

<p>Dubai: UAE stocks continued to rise on Wednesday as investors bet that a new companies law could lead to more initial public offerings (IPOs) this year and next and thereby a surge in the markets. UAE’s Minister of Economy, Sultan Bin Saeed Al Mansouri, said a day earlier that the government is going to approve a new law soon.</p>.... Read more »

Posted on : 3/26/2014

Gold hits three-month high

<p> London: Gold hit a three-month high and global shares rose on Tuesday as investors wagered that the new head of the US Federal Reserve would renew the bank’s pledge to keep policy ultra-easy at her first testimony to Congress.</p>.... Read more »

Posted on : 2/11/2014

Cleatrip to boost mobile traffic in 2014

<p> Dubai: Cleartrip, an India-based online travel portal, will focus on driving mobile traffic this year rather than expanding its footprint, according to the company’s top executive.</p>.... Read more »

Posted on : 2/11/2014

Barclays to cut 12,000 jobs, pays bigger bonuses

<p>London: Barclays Plc expects to axe up to 12,000 jobs this year to cut costs and counter falling income at its investment bank, where profits slumped last year.</p>.... Read more »

Posted on : 2/11/2014

Kuwait awards $12b clean fuel project

<p>Kuwait City: Kuwait National Petroleum Co said on Monday it has awarded a $12-billion project to British, US and Japanese-led consortia to boost capacity at oil refineries and make production more environmentally friendly.</p>.... Read more »

Posted on : 2/11/2014

UAE has the edge, crosses 1m broadband subscribers

<p>Abu Dhabi: With over a million broadband subscribers now, the UAE has witnessed a 30 per cent increase in broadband subscriptions from January 2011 to November 2013, according to the latest statistics by the Telecommunications Regulatory Authority (TRA).</p>.... Read more »

Posted on : 2/11/2014

UAE a leading light in global consultancy

<p>The UAE, Qatar and Saudi Arabia are the “stars” of the US$92 billion global consultancy market and the GCC region is expected to outshine all other regions this year, a report being released today predicts.</p>.... Read more »

Posted on : 1/12/2014