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Latest News

2009

Dubai’s pearl trade hits AED99 million in 2009

Pearl trade in Dubai increased from AED95 million in 2008.

March 20, 2010 10:48
 

UAE’s non-oil foreign trade falls 16 percent in 2009

The total non-oil foreign trade volume of the country reached AED663 billion in 2009.

March 6, 2010 8:40
 

HSBC’s 2009 net profit rises, but falls below expectations

The company made net profits of $5.83 billion during the year, as opposed to analysts' expectations of $6.4 billion.

March 1, 2010 5:15
 

Oman reports $57 million budget deficit in 2009

The government had projected a budget deficit of $2.1 billion for the year.

February 28, 2010 4:25
 
Visit Abu Dhabi or Dubai?

Visit Abu Dhabi or Dubai?

The UAE capital promises to be a “luxury global cultural destination”. But tourism officials insist Abu Dhabi is not competing with its northern neighbor.

February 23, 2010 5:43
 
@Indians: Are you still buying gold?

@Indians: Are you still buying gold?

According 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.

February 18, 2010 3:12
 

Barclays’ profit doubles in 2009

Net profits reached GBP 9.4 billion ($14.7 billion), more than double the GBP 4.4 billion ($6.9 billion) it made in 2008.

February 16, 2010 4:55
 
Five reasons why Dubai living costs are falling

Five reasons why Dubai living costs are falling

It’s still not the cheapest city in the world, but with inflation at a five-year low, many essential items are becoming more affordable.

February 16, 2010 4:02
 

Union Properties posts $135.5 million net loss in 2009

The developer said it made revenues of AED4.4 billion during the year.

February 15, 2010 7:33
 

RTA issues over 160,000 licenses in Dubai last year

The majority of the licenses were issued for light vehicles.

February 9, 2010 12:01