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The negative impact of the global economic crisis and the H1N1 pandemic means that Etihad Airways is unlikely to break even this year. “If we’d had a better year in 2008 and 2009, we would have...
Wednesday, 05 May 2010 Read
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HE Sheikh Sultan Bin Tahnoon Al Nahyan, chairman of Abu Dhabi Tourism Authority, has announced that Abu Dhabi is aiming for a ten percent increase in tourist numbers by the end of the year. The...
Wednesday, 05 May 2010 Read
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$150bn A recent report from business researchers Companiesandmarkets.com has predicted that retail sales in the UAE will rise 40 percent from $107.26bn last year to $150.52bn by 2014. This retail...
Wednesday, 05 May 2010 Read
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The Abu Dhabi National Oil Company has awarded $5.6 billion of contracts to develop the Shah gas fields project, just days after US giants ConocoPhillips had pulled out of the project. Italy’s...
Wednesday, 05 May 2010 Read
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Abu Dhabi’s largest real estate developer, Aldar has posted first-quarter losses of AED 314 million, which it has attributed mainly to lack of property sales as the housing market continues to...
Wednesday, 05 May 2010 Read
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In response to the IMF’s recent report, the UAE Minister of Economy this week lowered his initial 2010 economic growth forecast for the country from 3.2 percent to 2.5 percent. "Depending on oil...
Wednesday, 28 April 2010 Read
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The International Monetary Fund last week revised its growth predictions for the UAE economy for 2010, more than doubling its initial figure of 0.6 percent to 1.3 percent. In the IMF’s most...
Wednesday, 28 April 2010 Read
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Etisalat has announced an 8.4 percent drop in net profit to AED 1.99 billion in comparison to AED 2.18 billion from the same period last year, despite posting a five percent year-on-year increase in...
Wednesday, 28 April 2010 Read
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A study recently conducted by the Emirates National Development Programme (ENDP) has revealed that 60 percent of UAE nationals working in the private sector have resigned from corporate positions...
Wednesday, 28 April 2010 Read
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The Abu Dhabi Urban Planning Council (UPC), the agency responsible for the future of the Emirate's urban environment, has released a real estate forecast study for Abu Dhabi's metropolitan area,...
Wednesday, 28 April 2010 Read
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