A Palestinian investment firm has issued the territory's first corporate bonds in an effort to strengthen local economy. PADICO, a publicly traded company focused on investment in the Palestinian economy, issued 7,000 five year bonds, worth $ 70m. "We are...
As shown in a report by the Washington-based Institute for International Finance (IIF), inflation in the UAE is projected to be around 1.9 per cent this year from the 0.6 percent last year, on the higher global commodity prices...
In times of an economic slump, when sales plummet to an appalling low, business owners often tend to get discouraged and despondent. They try to find short-cuts to get themselves back in the running. But business experts say that...
'The Dubai Airport Authority has been in discussions with the Dubai Police to tighten security system and increase safety of travel.', reports a senior official of the Dubai International Airport. The President of Dubai Civil Aviation, Shaikh Ahmad Bin Saeed...
Asian equities have dipped and the dollar rose to a six week high against the euro, today, with gains seen as new concerns of a possible euro zone debt restructuring; promoting market players to reduce risk. The euro fell as...
The Doha Film Institute (DFI) has announced 25 new grants, as financial support to Arab movie makers, at the Cannes. Amid the changing political societies, DFI has called for more collaborative financial support from the Arab world to support...
The Dubai developer, Nakheel is restructuring $10.8 billion in debt; is now offering up to two months rent free in units in lower priced developments in a bid to attract tenants. The government owned company, is offering free periods...
Dh2 million worth of counterfeit bank notes were seized by the Dubai Customs as an African passenger flying to the UAE, apparently for trade activities, aroused suspicion. The suspected female passenger carried undeclared currency and hesitated at the inspection counter....
The UAE- based group, Tharaa Holding has signed an agreement with the Polish government to redevelop the former military site in the eastern European country. Tharaa, through its development company Hadara, will develop the land owned by the Military...
Over the next four years, more than 41,000 new hospital beds will be needed in Saudi Arabia to cope with the escalating demand from the fast growing population of the country. With more that $ 18 billion committed to...

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE in his capacity as the Ruler of Dubai, ordered paying Dh.26.37 million to Emiratis, whose taxicab number plates are operated by the Dubai...
As estimated by a UAE based food and beverage expert, the average monthly household spent in the UAE on dining out is Dh 1,200. This is a high amount compared to that to the rest of the world. According to...
The introduction of the new facebook profile has opened up a range of whole new possibilities to tech-savvy facebook members and social-networking fanatics. This new profile actually allows you to play around with your profile picture, cleverly stretching it...
According to latest research findings, health experts claim that sitting down for prolonged periods (eight hours a day is the norm in most offices/schools) can prove disastrous for your health and longevity. Scientists warn that people who sit around...
Oman Aluminum Rolling Company has awarded a $ 385 million (Dh 1,413 million) contract to Fata EPC, an Italian company, to build the new production plant (with a 160,000 tonne capacity). The Turin based engineering, procurement and construction company is...
Drake & Skull, the Dubai-based engineering and contracting company recorded a profit of Dh51 million (US$13.8m). According to the company, there was a 21 percent increase in profits compared with the previous quarter. This achievement is attributed to the...
According to a new research study from Standard Chartered Bank, the price of gold will rise above $2,100 an ounce, by the year 2014. A strong demand will be registered for this yellow metal, over the next three years....
Etisalat rules out another round of bid for Kuwaiti Zain as a Kuwaiti law almost doubles the valuation of shares. The company executives site Kuwaiti capital markets laws as the main cause for scrapping of the deal. As per Kuwaiti...
Emirates airlines recorded a profit, 52 percent high, and has surpassed Lufthansa to become the leader among international airlines. The airline posts its 23rd consecutive year of profit with a performance of US$1.5bn (Dh5.5bn) till March 31. The carrier...