Regional News

Mon, 01 Dec 2008 01:37 PM


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The new double-decker from Emirates

Mon, 01 Dec 2008 01:37 PM Tags: Dubai , Heathrow , Dubai daily , Emirates A380s

Emirates is bringing its very own brand of double-decker to London with the arrival of its industry leading A380.

Sakana Celebrates Bahrain’s Women’s Day

Mon, 01 Dec 2008 01:37 PM Tags: Opportunities , Sakana Celebrates , Women’s Day

Sakana Holistic Housing Solutions today celebrated Bahrain’s first Women’s Day with its female staff

Mixed fortunes for Gulf markets ahead of holidays

Mon, 01 Dec 2008 12:30 PM

Gulf markets experienced mixed fortunes on Monday ahead of national and religious holidays. Saudi Arabia's benchmark edged down 0.23 percent at 4,727 points, led by Samba Financial Group and Riyad Bank, which fell 2.24 and 2.76 percent respectively.<br /><a target=_blank href=http://www.arabianbusiness.com/539991:uae-s...

Property correction sooner, steeper than anticipated

Mon, 01 Dec 2008 12:30 PM

The correction in Dubai's real estate market will come sooner and be steeper than anticipated as demand falls amid the global financial crisis, EFG-Hermes said on Sunday. The Egyptian investment bank said it still anticipated a 20 percent correction in Dubai real estate prices by 2011, but that the fall would come soon...

British aerospace firm snaps up UAE consultancy

Mon, 01 Dec 2008 12:30 PM

British defence and aerospace company Ultra Electronics Holdings said on Monday it acquired Dascam Consulting, a UAE-based consultancy, for $19 million. Ultra, a developer of electronic systems for the defence and aerospace markets, expects the purchase to be earnings-neutral in 2008, and add to its earnings in 2009.<b...

QIB opens new data centre

Mon, 01 Dec 2008 12:30 PM

Qatar Islamic Bank (QIB) has completed a major upgrade to its data centre, as part of an ongoing project to overhaul all of its IT by 2010. The new data centre was officially opened by Sheikh Abdullah Bin Saoud Al-Thani, Governor of the Qatar Central Bank (QCB) at QIB’s Doha headquarters.<br /><a target=_blank href=htt...

Hitachi Data Systems moves MENA HQ to DSO

Mon, 01 Dec 2008 12:30 PM

Hitachi Data Systems has announced that it will relocate its Middle East and North Africa (MENA) headquarters to Dubai Silicon Oasis. The storage solutions company, which opened its first Middle East office in Dubai Internet City in 2004, said that DSO offered a “value-added proposition” for its business.<br /><a targe...

Nakheel to cover Leighton costs over Trump tower delay

Mon, 01 Dec 2008 12:30 PM

The suspension of the $2.9 billion Dubai Trump tower project will not financially hurt the Al Habtoor Leighton Group after Nakheel agreed "to cover all costs incurred to date," newswire AAP reported on Monday. Al Habtoor Leighton was constructing the Trump tower for the Dubai-owned real estate developer, which on Sunda...

UAE's Etisalat signs up to new broadband deal

Mon, 01 Dec 2008 12:30 PM

France Telecom and UAE telecoms operator Etisalat said on Monday they had signed a deal to cooperate on digital home services. Under the agreement Etisalat will acquire a 16.6 percent stake in SoftAtHome, a joint venture launched by Thomson SA, Safran unit Sagem and France Telecom to develop software for triple-play se...