His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has approved the design of the seventh crossing over Dubai Creek to be known as the « Dubai Smile ». The project, with an estimated cost of Dh810 million, will run between Dubai Creek Park, Wonderland Park and …
Rental yields expanded in October on the back of lower asset prices and a tight supply market, as gross yields increased to 6.3 per cent from 4.7 per cent in September, said a new report. « Rental demand is likely to remain robust as we sense potential buyers are deferring their plans until there is better …
Lire la suite Lower asset prices and tight supply drive rental yields up
A ‘pro-competition’ regulator, high population growth and attractive demographics would be the key drivers of the Saudi telecoms sector, resulting in a compound annual growth rate (CAGR) of 7.1 per cent, a Dubai-based investment bank has said in its new report. Al Mal capital in its recent report on the Saudi telecoms sector said that …
Lire la suite Saudi telecommunications grows with a CAGR of 7.1%
The UAE’s Ministry of Environment will step up measures aimed at protecting marine environment and conservation of natural resources as part of the government’s strategy to achieve sustainable development. The ministry will work out a number of policies and streamline existing regulations to prevent the extinction of marine life. The UAE Federal Minister of Environment …
Lire la suite UAE to step up measures to protect marine environment
A number of developers in Dubai are announcing easy payments plans to attract and hold on to buyers, as property market worries intensify across the globe. Emaar Properties yesterday officially announced it will launch two schemes, of which the first extends property payments over five years after handover and the second allows buyers to rent …
MANAMA: Bahrain took part in the World Travel Market (WTM) which began in London yesterday. The participation of Bahrain came as part of efforts to attract tourists through this grand international event which brings together 5,000 tourism and airline companies and travel services suppliers. Information Ministry tourism promotion and marketing project chief executive Mohammed Nass …
MUSCAT — His Majesty Sultan Qaboos bin Said will preside over the annual meeting of the Council of Oman at the council hall in Al Khuwair today. His Majesty the Sultan will deliver a speech in which he will review the progress of the development projects being implemented, their features and horizons in realising a …
Lire la suite His Majesty to preside over Council of Oman meet today
KUWAIT: Most Gulf share markets dropped for the second straight day yesterday as a strong rebound in Asian stocks failed to offset anxieties about the regional economy. Only the Omani market was up slightly, while the other five bourses dipped as investors appeared to take the view that the global crisis may have a deeper …
Fujairah: The UAE faces a slowdown in loan growth and real estate activity as it grapples with the fallout of the global financial crisis, policymakers said. States in the world’s biggest oil-exporting region are expecting the global problems to put the brakes on a regional econ-omic boom supported by six years of high oil prices. …
Qatar Airways (QA) said yesterday it has secured a $500 million (Dh1,836m) 12-year finance lease from BNP Paribas, Bank of Tokyo-Mitsubishi, Deutsche Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe for the purchase of three Boeing 777 aircraft. The aircraft are scheduled for delivery by the year-end, the Doha-based carrier said in a …
Lire la suite Qatar Airways gets $500m loan for three Boeing planes
