Star Alliance to decide on Air India on Monday

<p> New Delhi: The top brass of Star Alliance will meet in London on Monday to decide on Air India’s induction into the 26-member global airlines’ grouping which could give the national carrier’s passengers the facility of seamless travel to over 1,200 destinations.</p>.... Read more »

Posted on : 6/22/2014

Oil price risks put inflation back in focus

<p>Brussels: Iraq will be foremost in investors’ minds in the coming week as oil price risk has returned to markets, complicating the task for central banks whose policies are beginning to diverge for the first time since the global financial crisis.</p>.... Read more »

Posted on : 6/22/2014

Inflation is the biggest threat to Indian financial markets

<p>Dubai: The new government in India needs to urgently address inflation to stabilise the economic growth and sustain the overall positive sentiment on economy and financial markets, said Anoop Bhaskar, Head of Equities, UTI Asset Management Company in an interview with Gulf News.</p>.... Read more »

Posted on : 6/22/2014

Global shares rally as Sensex hits new record

<p>Dubai: Equity markets across the developed world gained yesterday on strong first quarter corporate earnings and improving macroeconomic data, while in Asia and the Gulf region, markets gained on reasons ranging from election results India to an upgrade of the UAE and Qatar markets to Emerging Markets by MSCI.</p>.... Read more »

Posted on : 5/13/2014

Dubai's hotel revenue expected to grow by 6.5 per cent in 2014

<p> Dubai: Revenue per available room (RevPAR- a benchmark for performance) in hotels across Dubai, Abu Dhabi, Doha, Jeddah, Muscat and Riyadh are expected to grow this year and in 2015, according to a report by PwC.</p>.... Read more »

Posted on : 5/13/2014

Oman to enforce two-year ban on expat workers

<p>Royal Oman Police said expats would not be issued fresh employment visas if they did not complete two years in a company.</p>.... Read more »

Posted on : 5/13/2014

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