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

Du to launch higher speed 4G broadband services

<p>Dubai: Word from du that it will launch higher-speed 4G broadband services by year's end will help ensure the United Arab Emirates remains at the forefront of emerging new technology, says global marketing intelligence firm International Data Corporation (IDC).</p>.... Read more »

Posted on : 5/25/2011

Gold prices set to reach Dh223 per gram

<p>DUBAI: Gold prices could top $1,700 (Dh6,244) per ounce (one ounce equals 28 grams which makes it Dh223 per gram) by end 2011, jewellers have said.</p> <p>Raj Sahai, director for retail of Damas said: "Historically, gold prices have constantly gone up over time. We think it could go up to $1,700 per ounce by the end of the year due to continued high demand."</p>.... Read more »

Posted on : 5/12/2011

UAE pumped $5.7b into Comesa

<p>Dubai: The size of UAE investments in the Common Market for Eastern and Southern Africa (Comesa) reached $5.7 billion (Dh20.92 billion) last year, Heba Salama, Director of Comesa Regional Investment Agency, told Gulf News yesterday.</p>.... Read more »

Posted on : 3/25/2011

Radiation fears over Japanese goods

<p>Dubai: Radioactive-tainted milk, tap water and spinach discovered in tsunami-crippled Japan may spawn fears that Japanese electronic products such as mobile phones, television sets and computers shipped abroad could also be contaminated.</p>.... Read more »

Posted on : 3/21/2011

Gold tracks oil lower, silver stays steady

<p>Singapore: Gold tracked oil lower and was under pressure from firmer equities, but bargain hunting from jewellers and worries that violence in Libya and the Middle East could spread may support prices that have dropped from a lifetime high.</p>.... Read more »

Posted on : 3/10/2011

Dubai turns the page on recession

<p>Dubai: With the outstanding performance of many govt agencies to counter the financial crisis, Dubai has recovered from the impact of the global economic recession, Shaikh Mohammed said.</p>.... Read more »

Posted on : 3/10/2011

Dubal net profit surges 101.8%

<p>Dubai: Dubai Aluminium Company Limited, also known as Dubal, on Tuesday said its net profit surged 101.8 per cent to Dh2.13 billion in 2010 as sales and production marked significant increase during the year.</p>.... Read more »

Posted on : 3/10/2011

IMF confident of UAE recovery despite regional uncertainty

<p>Dubai: The UAE's economic recovery is gaining strength, supported by a favourable global environment but &quot;subject to increased regional uncertainty&quot;, the International Monetary Fund (IMF) said on Monday.</p>.... Read more »

Posted on : 3/9/2011