Top UAE News

GCC's Share Of Global Aluminium To Double By 2010

14 October 2008 Dubai: The GCC's share of global aluminium production is expected to increase by 150 per cent in 2010 due toÂ significant investments in capacity expansion and ongoing construction of several new aluminium smelters. Gulf News - 14Oct 10:30GMT
Sharjah Ruler issues ordinance restructuring SEWA board of Directors

Dr Sheikh Sultan bin Mohammed Al Qasimi, UAE Supreme Council member and ruler of Sharjah issued today an administrative ordinance restructuring the Board of Directors of Sharjah Electricity Water Authority (SEWA). WAM (Emirates News Agency) - 14Oct 13:17GMT
JP Morgan buys stake in Dubai Mercantile Exchange

(Arabic) JP Morgan has acquired a stake in Dubai Mercantile Exchange after DME approved the sale of 20% stake. Al-Arabiya - 14Oct 11:26GMT
Istithmar World Expands Network With New Office In Americas

Istithmar World, the investment arm of Dubai World, headquartered in Dubai, has opened its second international office in New York City. Press Release - 14Oct 11:25GMT
Loan interest rate has dropped for three months in UAE

(Arabic) Loan interest rate has dropped to 4.6% among banks in UAE for three months. Al-Arabiya - 14Oct 09:56GMT
Nokia Siemens Networks Wins Deal In UAE

Finnish telecom group Nokia Siemens Networks (NSN) said Tuesday it had won a network expansion deal for around 225 million dollars (165 million euros) in the United Arab Emirates. AFP - 14Oct 09:14GMT
Abu Dhabi Healthcare Investment At Dh18 Billion

Investment in Abu Dhabi's health sector reached Dh18 billion and is the best kind of investment because of high returns and promising growth, said a top official. Emirates Business 24/7 - 14Oct 08:57GMT
Dubai's Terminal 3 Set for Take-off Today

Dubai International Airport's much-anticipated terminal dedicated solely to Emirates Airline opens today, with passengers on the Doha flight scheduled to be the first to experience the new facility. Khaleej Times - 14Oct 08:57GMT
Gulf seeks bidders for projects worth $120 billion

In spite of fears that the global credit crunch and economic slowdown could impact the Arabian Gulf, latest analysis shows there are still more than 250 major civil construction projects in the bidding phase across the region worth nearly $120 billion. Press Release - 14Oct 08:25GMT
Gulf Stocks Surge For Second Straight Day

Stocks in oil-rich Gulf states surged on Tuesday for the second straight day, bolstered by government action to shore up the banking sector and a spectacular global market rally. AFP - 14Oct 07:22GMT

The Toolbox

Companies

The Sky's the Limit

When it entered Turkey, Oger Telecom found one of the most promising sources of wealth a telecom could hope for. With Turk Telecom, the world’s 13th largest fixed-line operator (2005), in its corner, Oger increased its fixed-line and mobile subscribers from 19 million to 28 million in just under three years.

» Profile | Officers | News

Video

JP Morgan Buys Stake In DME

Arabic language (0:32)
JP Morgan has acquired stake in Dubai Mercantile Exchange - 14Oct

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Radio

Cruising Along

Rama Rebbapragada, Managing Director, Asia Pacific, and Helen Beck, Regional Director EMEA for Royal Caribbean International, talk about the basing of a cruise ship in the waters of the UAE, the building of the largest cruise ship in the world, and the changing demographic of customers.
Dubai Eye - 14 Oct 2008

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Research

Real Estate Sector Report
The National Investor - 09 Oct 2008

TNI reviews the Real Estate sector in Abu Dhabi, where Residential prices are rising at a startling pace. The average asking price in the secondary market today is in the region of AED 2,200/square foot, up twofold from one year ago. These are advertised asking prices and property consultants put the actual increase at approximately 50% over the last year. Abu Dhabi is overtaking its bustling neighbours at a very fast pace. TNI foresees a period of easing growth rates as the price increases are clearly not sustainable.

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Community Buzz

Stories in UAE

Most read stories by Community in the last 24 hrs

1	The Emirate's Debt
2	UAE Banks Face Dh500 Billion Fund Shortage
3	UAE Banks To Be Protected
4	UAE Inc Fights Back
5	Room To Expand
6	Canon ships 100 millionth compact digital camera
7	Abu Dhabi Launches Media Content Creation Zone
8	UAE Extends Guarantee To International Banks
9	Gulf Bourses Rebound After Govt Action
10	UAE: Property Rules Deter Foreign Investors

Companies in UAE

Most viewed companies by Community in the last 24 hrs

Company Name	Country	Industry
Abu Dhabi Investment Council	UAE	Investment Firms and Funds
Al Hilal Bank	UAE	Banking
Emaar Properties	UAE	Landlords and Developers
Dubai Chamber of Commerce and Industry	UAE	Associations
Nakheel	UAE	Landlords and Developers
Abu Dhabi Media Company	UAE	Television
Mubadala Development Company	UAE	Investment Firms and Funds
Deyaar Development Company	UAE	Landlords and Developers
Jebel Ali Free Zone	UAE	Properties and Zones
Ibn Battuta Mall	UAE	Properties and Zones

Projects

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Dubai RTA - Dubai Metro - Purple Line	UAE	Infrastructure
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP)	UAE	Oil and Gas
Qatar Foundation - Sidra Hospital	Qatar	Real Estate
Nakheel - Dubai Waterfront	UAE	Real Estate
KNPC - Al Zour Refinery	Kuwait	Oil and Gas
Nakheel - Dubai Waterfront - Veneto	UAE	Real Estate
Takreer - Ruwais Refinery Expansion	UAE	Oil and Gas
Khalifa Port and Industrial Zone (KPIZ)	UAE	Infrastructure
Emirates Aluminium (EMAL) - Smelter Complex	UAE	Industry
ADCO - SAS Field Development	UAE	Oil and Gas

Blogs

Most read blogs by Community in the last 24 hrs

1	A SWOT Analysis On Real Estate
2	Lessons Learned from the Current Crisis
3	Vertigo \| Memai
4	The Myth of Islamic Finance
5	Chicken Licken and the American financial crisis

Construction
Shifting East
A shortage of skilled manpower in the GCC construction industry is attracting civil engineers and architects from countries where unemployment is growing.

Financial Services
A Sea Of Loans
It takes a very strong heart to resist the lure, especially when you struggle with escalating grocery bills, fees, fuel costs, rents and other expenses. There are those being crippled by the burden of loan repayments and struggling to meet the cost of living.

Real Estate
Room To Expand
A Citigroup report argues that concerns over Dubai's government and corporate leverage are legitimate but investors have become far too pessimistic.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Emirates Telecommunications Corporation	UAE	24,039
2	Mashreq	UAE	10,759
3	Emirates NBD	UAE	10,590
4	Emaar Properties	UAE	9,791
5	DP World	UAE	9,296
» View Full List

Related Information

EIU Forecast For UAE

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