UAE markets gain after US decision

<p><b>Dubai: </b>Most Gulf indices ended in positive territory yesterday as retail investors found enough reason to buy shares after US delayed military action against Syria.</p>.... Read more »

Posted on : 9/1/2013

Rupee's slump comes at wrong time

<p><b>New Delhi:</b> India is hurtling into a major economic crisis with the rupee’s slump to a series of record lows firing up inflation pressures, which would inevitably lead to a spike in interest rates at a time when economic growth is teetering at its worst pace in four years.</p>.... Read more »

Posted on : 9/1/2013

Dubai home prices 31% off 2008 peak rates

<p><b>Dubai:</b> Speculation that Dubai’s property market is overheating could be misplaced — even with the steady recent gains home prices are still 31.1 per cent off their 2008 peaks, according to a new report by property consultancy, Cluttons.</p>.... Read more »

Posted on : 9/1/2013

India could save $8.5b by buying extra Iranian oil, says minister

<p><b>New Delhi:</b> India could save $8.5 billion in foreign exchange spending on crude oil imports in 2013/14 if it relied more on supplies from Iran, which is able to accept payment in rupees, India’s Oil Minister M. Veerappa Moily said.</p>.... Read more »

Posted on : 9/1/2013

India: 1991 economic crisis wont be repeated, says Prime Minister Manmohan Singh

<p>New Delhi: India’s premier ruled out Saturday any suggestion the country could suffer a repeat of its 1991 balance-of-payments crisis as it grapples with a plunging rupee and a huge trade gap.</p>.... Read more »

Posted on : 8/18/2013

Air India Express slashes baggage allowance

<p>Abu Dhabi: Strong objections have been raised following Air India Express’ decision to slash its free baggage allowance, representatives of various socio-cultural organisations in Abu Dhabi announced on Saturday.</p>.... Read more »

Posted on : 8/18/2013

Telecoms Watch out for email scam using etisalat logo

<p>Dubai: A new phishing email message carrying the etisalat logo has started circulating.</p> <p>The email - designed to steal users’ identity - arrives in the target's inbox from scanlife@s7.moyhosting.com</p>.... Read more »

Posted on : 8/18/2013

US energy firms eye Brazil shale gas: US official

<p>Brasilia: US energy companies want to use their experience to help Brazil tap into its vast shale gas reserves, US Energy Secretary Ernest Moniz said on a visit to the Brazilian capital.</p>.... Read more »

Posted on : 8/18/2013

UAE hotels record strong occupancy during Eid

<p>Dubai: Hotel occupancy rates were up across the UAE during the weekend of Eid Al Fitr.</p> <p>“I would say four- and five-star hotels had 90 per cent occupancy in Dubai and 85 per cent in Abu Dhabi,” said Peter Goddard, managing director of TRI Hospitality Consulting, an international consultancy.</p>.... Read more »

Posted on : 8/13/2013

India puts road bidding online

<p>New Delhi: Companies bidding for Indian road-building contracts will have to apply online from August as the government makes the process more transparent to lure foreign investors and end "cartels" that force up prices. The use of internet tendering will stop companies clubbing together to drive up project costs, Minister for Road Transport and Highways C.P. Joshi said in an interview. The government wants to attract $60 billion (Dh220 billion) of investment to help India expand its road network in the five years ending 2017, he said.</p>.... Read more »

Posted on : 7/1/2011