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It is notable that Monday’s awful $9.8bn loss from Citi and news about deteriorating retail sales failed to dent the dollar which actually rose marginally against the euro, pound and yen.
Could this be the …Read full article » United Arab Emirates: Wednesday, January 16 - 2008 @ 11:43
Surely it is only logical then that the next issue for the UAE government to decide upon is whether to revalue the currency against the US dollar to limit imported inflation.
The recent UAE Central Bank …Read full article » United Arab Emirates: Sunday, January 06 - 2008 @ 15:12
At the moment of writing the DFM has just past the 6,000 barrier, still quite a way short of its previous all-time high while the ADSM is closer still to making good this distance.
In the …Read full article » United Arab Emirates: Wednesday, January 02 - 2008 @ 10:02
Several recent studies have found that the cost of living is exceeding pay increases across the region, particularly in the UAE and Qatar.
A survey by GulfTalent.com showed that salaries in the UAE increased 10.7 …Read full article » United Arab Emirates: Wednesday, December 12 - 2007 @ 17:11
This week saw another strong rally in UAE stock markets which have been booming since the end of Ramadan.
But analysts at Shuaa Capital told Gulf News that ‘most of the purchases are by foreign …Read full article » United Arab Emirates: Monday, December 10 - 2007 @ 14:52
Olivier Crasson, general manager of Ajman Sewerage Company, told MEED’s Wastewater Treatment & Reuse 2007 conference in Abu Dhabi: ‘We have just connected the first houses and the sewage treatment plant and half the pumping …Read full article » United Arab Emirates: Monday, December 10 - 2007 @ 13:37
Tourists at the Dubai hotels and residents going to their local exchange house to send money home over the holiday weekend were surprised to find that exchange rates had changed.
Indeed, rates as low as Dhs3.07 …Read full article » Middle East: Monday, December 03 - 2007 @ 19:46
Many of these workers earn less than $160 per month and are subject to what human rights groups describe as “wage exploitation” and “hazardous working conditions”. Recent protests by workers have put pressure on the …Read full article » United Arab Emirates: Thursday, November 29 - 2007 @ 14:00
In the latest deal the government-owned Abu Dhabi Investment Authority (ADIA) has bought Equity Units for $7.5bn. The convertible stock, yielding 11 per cent, can be converted into ordinary shares at a price of between …Read full article » United Arab Emirates: Tuesday, November 27 - 2007 @ 14:41
“There are two main challenges and both are regional and international. One is political stability in the region, and the other, and more significant one, is human resources and what kind of people we are …Read full article » United Arab Emirates: Sunday, November 25 - 2007 @ 00:07