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  • Dubai’s property market eats dust, again

    Dubai’s property market eats dust, again

    Property prices in the troubled emirate fell a staggering 47 percent from a year earlier, making it the world's worst performing market for the second quarter in a row, according to a study by Knight Frank.

    December 10, 2009 10:28
  • Istithmar loses millions

    Istithmar loses millions

    Istithmar World, part of Dubai World, lost rights to the W Union Square New York hotel in a foreclosure auction in the New York.

    December 9, 2009 12:40
  • 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