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HuaweiDUBAI - Shuaa Capital, one of the most established local investment banks in the region, has announced that it has cut approximately 9 per cent of its Dubai based employees, but maintains it will be profitable in 2009.
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DUBAI - Renault, the leading European automotive will be showcasing seven of its latest cars, including four brand-new models for the GCC, at the upcoming Abu Dhabi International Motor Show, which takes place from December 17 to 21.
DUBAI - Sri Lanka is inviting surplus funds in the Middle East to consider the country as destination for investment, said Dr Palitha Kohona, Secretary of the Ministry of Foreign Affairs.
JEDDAH - Nearly 1.6 million pilgrims used Mobily’s services until Wednesday, and Humoud Al-Ghobaini, Mobily’s spokesperson, said the number was the highest representing 22 per cent increase compared to last year.
DUBAI - A wave of project cancellations and delays are leaving staff at construction firm Arabtec uncertain over whether they will be made redundant.
DUBAI - The Dubai Health Authority has appointed Aetna as one of the health care management companies (HMCs) to provide health management programmes and services to outpatient care practices (OCPs), also known as primary health care practices, in Dubai, according to company’s announcement.
DUBAI — Property values in Abu Dhabi will keep rising in the short-term despite dire global economic conditions that are slowing down the UAE property sector, Citigoup said. 'Abu Dhabi is able to finance and ultimately purchase all of its current projects in progress,' said Citigroup in its recent research.
DUBAI — Citigroup has initiated coverage with a “buy” and medium risk rating for Aldar Properties and Sorouh Real Estate, two property heavyweights in Abu Dhabi which enjoy government support.
DUBAI — Arabtec Holding PJSC, the United Arab Emirates’ biggest construction company, expects its more than Dh43 billion ($11.7 billion) order book to help it cushion the impact of a slump in Dubai’s property industry.