Loading ...UAE’s non-oil foreign trade falls 16 percent in 2009
By Kipp • Mar 6th, 2010 • Category: Middle East Business NewsThe total non-oil foreign trade volume of the country reached AED663 billion in 2009.
Posts Tagged ‘2009’
The total non-oil foreign trade volume of the country reached AED663 billion in 2009.
HSBC’s 2009 net profit rises, but falls below expectations
By Kipp • Mar 1st, 2010 • Category: Middle East Business NewsThe company made net profits of $5.83 billion during the year, as opposed to analysts' expectations of $6.4 billion.
Oman reports $57 million budget deficit in 2009
By Kipp • Feb 28th, 2010 • Category: Middle East Business NewsThe government had projected a budget deficit of $2.1 billion for the year.
Visit Abu Dhabi or Dubai?
By Aarti Nagraj • Feb 23rd, 2010 • Category: Cover Story, The Work, UAE, tourismThe UAE capital promises to be a “luxury global cultural destination”. But tourism officials insist Abu Dhabi is not competing with its northern neighbor.
@Indians: Are you still buying gold?
By Aarti Nagraj • Feb 18th, 2010 • Category: Kipp's BlogAccording to the World Gold Council, gold jewellery sales in Dubai fell drastically last year – mainly thanks to the exit of many Indians and the financial crisis.
Barclays’ profit doubles in 2009
By Kipp • Feb 16th, 2010 • Category: Middle East Business NewsNet profits reached GBP 9.4 billion ($14.7 billion), more than double the GBP 4.4 billion ($6.9 billion) it made in 2008.
Five reasons why Dubai living costs are falling
By Aarti Nagraj • Feb 16th, 2010 • Category: Cover Story, Dubai, Economy, The LifeIt’s still not the cheapest city in the world, but with inflation at a five-year low, many essential items are becoming more affordable.
Union Properties posts $135.5 million net loss in 2009
By Kipp • Feb 15th, 2010 • Category: Middle East Business NewsThe developer said it made revenues of AED4.4 billion during the year.
RTA issues over 160,000 licenses in Dubai last year
By Kipp • Feb 9th, 2010 • Category: Middle East Business NewsThe majority of the licenses were issued for light vehicles.
Shuaa Capital posts $144 million net loss in 2009
By Kipp • Feb 6th, 2010 • Category: Middle East Business NewsThe company posted a net loss of AED154.3 million ($42 million) in the fourth-quarter of the year.
Dubai issues 11,635 business licenses in 2009
By Kipp • Feb 6th, 2010 • Category: Middle East Business NewsThe Dubai Department of Economic Development also said that license renewal saw a 2 percent increase in 2009.
Sharjah sees a 6 percent drop in tourists in 2009
By Kipp • Feb 1st, 2010 • Category: Middle East Business NewsAccording to official statistics, hotel guest numbers were down to 1,447,934 in 2009, a 6 percent decline compared to the 1,535,234 guests reported in 2008.
DP World trade volumes fell 8 percent in 2009
By Kipp • Jan 25th, 2010 • Category: Middle East Business NewsThe company said that despite the fall in volumes, the 2009 results would be in line with expectations.
Dubai’s property dilemma
By Aarti Nagraj • Jan 19th, 2010 • Category: Cover Story, Dubai, Real estate, The WorkReal estate industry reports seem slightly contradictory when it comes to deciding whether Dubai’s property sector has stabilized or not.
National Bank of Oman records 42.5% fall in profit
By Kipp • Jan 17th, 2010 • Category: Middle East Business NewsBank’s net profit falls to $68 million in 2009
