United Arab Emirates Business News

Islamic mortgage lender Tamweel said on Sunday that it had managed a return to profit in the third quarter of 2009, despite taking impairment charges, after three consecutive 
quarters of losses. Tamweel posted a third-quarter net profit of Dh10.3 million,...

Dubai’s benchmark index may fall as much as 11 per cent in the next two weeks after the lack of positive catalysts pushed the gauge below a technical support level, Rasmala Investment Holdings told Bloomberg. After the measure dropped below...

It means rebuilding economies, balancing exports with domestic demand and investing in jobs, jobs and jobs...Burrow called for investments to focus on generating green growth and helping the poorest people in the world. While global efforts to address the crisis...

Saudi Arabia is all but certain to adopt the Dubai Mercantile Exchange�s Oman crude oil futures contract as its benchmark one day, oil traders say...Reuters. They began sounding out Asian customers almost a year before they started discussions with United...

Dubai, plans an initial share offering in India �in a few weeks,� Chairman Mohammed Alabbar said. “India has done extremely well for us, and that’s why we are going public in India, probably in a few weeks,” he said in...

Airbus still aims to sell 300 aircraft in 2009 and is confident it will meet 2013 delivery targets for the A350, a company executive said Wednesday.Speaking to Reuters Television at the Dubai air show, Airbus chief operating officer said there...

UBS raised its price targets on shares of several property companies in the UAE on valuation, but forecast a further 20 per cent to 30 per cent drop in Dubai house prices from current levels. Stock valuations of UAE property...

With one day left to go at the Dubai Airshow, aviation companies have booked orders and taken commitments for planes, equipment and services worth a total of more than $13 billion, the show�s organisers said 
on Wednesday. The latest business...