Steel prices in UAE touch new high DUBAI - Steel prices have almost doubled over the last six months, reaching Dh2,100 per tonne, industry sources said yesterday.
Thuraya plans back-up satellite DUBAI - Abu Dhabi-based Thuraya Satellite Telecommunications Company is planning to launch a back-up satellite to support its Thuraya-2 and Thuraya-3 satellites, a top company official said.
Two tower projects launched in Dubai DUBAI - The New York-based 32Group's property development arm, 32Group Properties recently launched its first two towers in Dubai of a total of seven high-rise buildings project as freehold development in the Jumeirah Lake Towers on Shaikh Zayed Road.
Abu Dhabi construction group blacklisted DUBAI - Ministry of Labour and Social Affairs has blacklisted a group of Abu Dhabi construction companies,
Dewa awards Dh3 billion contract to Mitsubishi DUBAI - Dubai Electricity and Water Authority (Dewa) awarded a Dh3 billion contract for the construction, completion and commissioning of the first phase of a power and desalination station (Station L) at Jebel Ali to Mitsubishi.
Haier sees 8pc rise in Mideast market share DUBAI - Haier, China's number one white goods manufacturer, is projecting an eight per cent increase of its market share in the Middle East region this year.
More banks set to enter Dubai mortgage market DUBAI - More banks are likely to enter the Dubai mortgage market once the property law comes into force later this year.
Six golf courses to be developed in Dubai DUBAI - Nakheel Golf, a dedicated division of Nakheel Developers launched yesterday,
DPW may consider Malaysian ports DUBAI - DP World may consider taking a stake in one of the Malaysian ports, including Port Klang,
'Commodities trading easier than stocks' DUBAI - It is easier to trade in commodities based on macro-economical factors of demand and supply rather than trading in stocks and securities, according to a top Dubai Gold and Commodities Exchange (DGCX) official.
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