Dubai Chamber seeks stronger economic ties with African countries

<p> Dubai, UAE: The Dubai Chamber of Commerce and Industry 's International Representative Office in the Ethiopian capital Addis Ababa recently organised a roundtable discussion on strengthening economic cooperation between Dubai and a large number of Southern and East African countries from the African block.</p>.... Read more »

Posted on : 12/13/2013

Hayaat bets on East African oil explorer's prospects

<p>Hayaat Group, an Abu Dhabi-based investor, has bought a minority stake in an East African oil explorer for A$3.3 million (Dh10.8m).</p> <p>It acquired a 9.5 per cent equity in Swala Energy, an Australian oil and gas firm with explorations in Kenya and Tanzania.</p>.... Read more »

Posted on : 12/13/2013

Expo win could spark Dubai's office realty scene

<p>Dubai: Dubai's property market had been feeding off the buzz surrounding the city's campaign to host the Expo 2020. Now, with Dubai formally confirmed as the host after the vote in Paris late on Wednesday, the realty sector is looking to secure a deeper foundation.</p>.... Read more »

Posted on : 11/29/2013

Dubai Expo 2020 bid: Almost all sectors to benefit

<p>Dubai: The immediate beneficiaries - almost the day after if Dubai wins the Expo bid — will include almost all sectors. That means real estate, construction, logistics, transportation and banks, according to fund managers. But over time, the effect of the Expo will be in stages.</p>.... Read more »

Posted on : 11/29/2013

Smartphone average selling prices are falling drastically

<p>Dubai: The average selling prices of smartphones are going down across the globe as Android has enabled a number of new manufacturers to enter the market, supported by a variety of turnkey processing solutions.</p>.... Read more »

Posted on : 11/29/2013

Expo victory will drive up stocks, create more jobs

<p>Dubai: Wednesday night's announcement that Dubai will host Expo 2020 will have a mixed immediate impact, driving up stocks and job opportunities, while consumer prices remain relevantly unchanged.</p>.... Read more »

Posted on : 11/29/2013

Why BlackBerry is back - and here to stay

<p> <b>Dubai: </b>BlackBerry’s regional office is launching a high-profile media campaign to reiterate its commitment to the market and to its legions of users.</p>.... Read more »

Posted on : 10/15/2013

US default looms with no solution in sight

<p><b>Washington:</b> The United States moved closer to a default that could damage the economy and a partial government shutdown entered its 14th day as Senate Democratic and Republican leaders remained at odds in their last-ditch negotiations to end the fiscal crises gripping Washington.</p>.... Read more »

Posted on : 10/15/2013

US economy grew 2.5% in second quarter

<p><b>Washington:</b> The US economy grew at an annual rate of 2.5 per cent in the second quarter, the Commerce Department said Thursday, leaving its prior estimate unchanged.</p> <p>Analysts had expected that second-quarter gross domestic product (GDP) expanded at a slightly stronger 2.6 per cent pace.</p> <p>The world’s largest economy grew 1.1 per cent in the first quarter.</p>.... Read more »

Posted on : 9/27/2013

China starts to exert influence in oil markets

<p>Beijing: The surge in China’s diesel exports this year has grabbed headlines in the Asian oil products market, overshadowing strong gains in shipments of jet kerosene.</p>.... Read more »

Posted on : 9/27/2013