Archives for the ‘Middle East Business News’ Category
  UAE considering tighter visitor visa rules»

Plus, Dubai cancels $1.3bn racecourse deal with Malaysian firm, Gaza conflict pushes crude oil beyond $48, UAE markets start New Year on a positive note, Banks in the UAE to get $200m daily funding

January 6, 2009

Rents in Abu Dhabi, Dubai could reduce this year»
Plus, IPO activity in the Middle East decreases, Abu Dhabi gold sales fall, Ban on open truck transport delayed in Bahrain, Sheikh Mohammed marks three years since accession

January 5, 2009

Israeli ground troops invade Gaza Strip»
Plus, Lebanon’s debt may hit $47bn, Oman budget posts deficit as oil price falls, Dubai hotels slashing rates, Nakheel in talks with bankers over IPO

January 4, 2009

Sheikh Mohammed cancels New Year celebrations»
Plus, GCC leaders approve monetary union at summit, Rera sets new guidelines for property payment, First Gulf Bank caps foreign ownership at 15 percent, Dubai in British Airways' top 10 destinations for 2009

December 31, 2008

du reduces call rates to Palestine by 50 percent»
Plus, Vince Acors faces massive legal fees, Egyptian consulate in Yemen attacked, Kuwait’s Dow ‘fiasco’ may deter investors, Burj Dubai hits 780 meters

December 31, 2008

Economic crisis could cut 25 million jobs globally
Economic crisis could cut 25 million jobs globally»
Plus, RTA to raise AED 3bn through Dubai Metro ads, Omantel stops stake sale plan, GCC set to impose income tax soon, Indian airlines set to slash UAE fares

December 30, 2008

Israeli strikes continue, death toll mounts
Israeli strikes continue, death toll mounts»
Plus, Gulf markets soar as oil prices rise, Israeli strikes raise oil prices, 27,000 firms in the UAE fail to renew labor cards in 2008, David Beckham in Dubai

December 30, 2008

More than 300 killed as Gaza raids continue
More than 300 killed as Gaza raids continue»
Plus, Monetary union plans to be discussed at GCC Summit, Kuwait scraps $17bn joint project with Dow, ID card deadline for Emiratis extended, 70 percent of Nakheel’s The World sold out

December 29, 2008

Israel continues to pound Gaza»
Plus, 100,000 Emiratis at risk of paying AED1,000 fine over ID cards, Oil prices will stabilize soon, says Opec, Dubai government may increase spending in 2009, Banks tighten lending rules

December 29, 2008

Plans for new gas body finalized»
Plus, Rera creates online tenancy registration index, Lloyds TSB to launch anti-fraud cards, AED 25,000 fine for providing housing to workers onsite, RTA to float tender for Dubai Metro's paper

December 24, 2008

Education Ministry may review tuition hikes for 2009»
Plus, UAE not matching US Fed’s rate cuts, Saudi Arabia increases public spending by 15.8 percent, Etisalat makes highest bid for Iran mobile license, AED15 million camel wins race at camel beauty pageant

December 24, 2008

Banks in Dubai tighten lending rules»
Plus, Oil prices continue falling, Etisalat wins Iranian license, Individuals in the UAE can’t claim bankruptcy, Nakheel says its projects are well-funded

December 23, 2008

Sex on the beach man rearrested»
Plus, UAE hopes to strengthen ties with Obama, GCC nations to finalize monetary union roadmap, RAKBank offers new mortgage services

December 23, 2008

First Gulf cuts ’scores of jobs’»
Plus, Commodity prices fall in Abu Dhabi, New federal body for tourism in the UAE, Emaar announces delay in major Saudi project, Khalifa among Newsweek’s top 50 powerful people

December 22, 2008

Cinema Al Nasr burns»
Cinema Al Nasr, one of the Dubai’s oldest cinemas, was damaged in a fire that broke out on Sunday afternoon

December 22, 2008

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