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  • The job cuts were deep

    The job cuts were deep

    10 percent of the GCC’s professional workforce was made redundant between August 2008 and August 2009. The percentage is higher in the UAE.

    December 8, 2009 1:04
  • It’s crunch time

    It’s crunch time

    The director general of Dubai’s department of finance has said Dubai World, not the government, may sell assets globally to help cope with its debts.

    December 7, 2009 2:06
  • Rolling in it

    Rolling in it

    Opec oil ministers are happy with oil prices around $75 a barrel. Of course they are.

    December 6, 2009 12:18
  • Exposed, and it hurts

    Exposed, and it hurts

    Thirteen UAE banks, and seven foreign branches in the Emirates have a combined exposure of $2.9 billion to the Saad and Algosaibi groups, the Central Bank said on Wednesday. The bank insists everything is going to be ok. Is it?

    November 19, 2009 4:19