Gold rises as investors rush to safe havens

<p>London: Gold and oil both reacted strongly to data on Friday showing US job growth had ground to a halt.</p>.... Read more »

Posted on : 9/3/2011

Toyota's faulty car parts claim may hurt sales in China

<p>Tokyo: Toyota Motor Corp, the second- largest Japanese automaker in China, may face declining sales in the country should government claims of faulty parts lead to recalls, Mizuno Credit Advisory said.</p>.... Read more »

Posted on : 9/2/2011

Motorola ups its smartphone game

<p>Dubai: Motorola has finally come out with a phone which can really compete with the rivals in the smartphone space.</p>.... Read more »

Posted on : 9/2/2011

Abu Dhabi oil rises on Saudi price speculation

<p>Singapore: Oil from Abu Dhabi for sale to Asia rose against its benchmark amid speculation Saudi Arabia may raise export prices, making alternative crude more attractive.</p>.... Read more »

Posted on : 9/1/2011

US budget deficit to hit $1.28 trillion

<p><b>Washington:</b> The Congressional Budget Office says the US budget deficit will hit $1.28 trillion (Dh4.7 trillion) this year, down slightly from the previous two years.Strong US durable goods and home prices data eases fears of another recession.</p>.... Read more »

Posted on : 8/25/2011

Japan unveils $100b effort to cope with yen

<p><b>Tokyo: </b>Japan unveiled a $100 billion (Dh367 billion) effort to help companies cope with a surging yen, signalling that officials may be resigned to the currency remaining high.</p>.... Read more »

Posted on : 8/25/2011

Dubai firm signs deal for new mobile phone apps

<p><b>Dubai:</b> EMS, a Dubai-based smartphone firm, has signed a new agreement with mobile phone content provider Polar Mobile to launch a raft of new mobile apps for more than 100 media companies across the Middle East.</p>.... Read more »

Posted on : 8/24/2011

Abu Dhabi bourse rises, Dubai index retreats

<p><b>Dubai:</b> The Dubai Financial Market (DFM) index retreated on Wednesday, losing close to half a per cent as Moody's Investors Service cut Japan's credit rating by one step, US' economic woes seemed to be intensifying and on concerns over Europe's sovereign debt and its banks' liquidity issues.</p>.... Read more »

Posted on : 8/24/2011

New era in car buying: buyers in driver's seat

<p>Dubai: With zero per cent interest for the first year, zero per cent down payment and low-interest financing, buying a car in the UAE has never been easier, thanks to new schemes unveiled by dealerships aching to recover from the recent slump.</p>.... Read more »

Posted on : 8/4/2011

Indian expats set to incur losses as rupee strengthens

<p>Dubai: Non-resident Indians (NRIs) in the UAE could see a drop in savings as the rupee gets stronger and interest rates back home sharply increase.</p>.... Read more »

Posted on : 8/4/2011