UAE Shares Buoyed by Property and Banks DUBAI - Property and banking shares pulled up UAE bourses to end a choppy trading week in positive territory and helped Dubai snap out of a three-day slide.
Dubai Opens Mideast’s First Robotic Car Park DUBAI - The first robotic parking garage in the Middle East opened on Wednesday at an office complex in Dubai.
DP World and Jafza not Included in Restructuring DUBAI - DP World Ltd. and Jebel Ali Freezone will not be included in the financial restructuring of their parent firm, Dubai World, officials said on Thursday, after credit-rating agencies Standard & Poor's and Moody's Investors Service downgraded some Dubai government-run companies once the restructuring plan became public.
UAE buys 2 Saab 340 AEW, 25 Pilatus PC-21 The United Arab Emirates' Armed Forces will be buying from defense and security company Saab, two airborne surveillance system for 148.3 mln euros or Dh814.4 mln.
MoneyGram-M. Lhuillier Roll Out Dollar Payout Service Money transfer company MoneyGram International said it is expecting more overseas Filipino workers to avail of its US dollar payouts service which it launched with Philippines-based M. Lhuillier Financial Services Inc.
Deyaar Development Cuts Staff by 20 Per Cent as Property Woes Mount DUBAI - Deyaar Development disclosed on Monday that it has reduced its workforce by one-fifth to cut costs, in a sign of lingering uncertainty in Dubai's property sector.
Credit Suisse Reaffirms Positive Outlook for UAE The UAE real estate sector is expected to rebound quickly from its current slump, thanks to its solid fundamentals, said Credit Suisse.
Nasdaq-Dubai Firms Rank Top for Transparency There is one upside to the global financial crisis - listed companies in the Gulf Cooperation Council are becoming more transparent as markets struggle to restore investor confidence.
Equities End Flat in 2009 DUBAI - UAE shares ended flat in thin trade on Thursday, the last session in 2009, as investors were unwilling to place bets ahead of the New Year Holidays.
Equities End Flat in 2009 DUBAI - UAE shares ended flat in thin trade on Thursday, the last session in 2009, as investors were unwilling to place bets ahead of the New Year Holidays.
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