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Dubai property giant sacks 500 as global crisis bites

Dubai :: United Arab Emirates | about 14 hours ago | Business News

Posted by razak

DUBAI: Nakheel, the Dubai property giant behind such grandiose projects as a one-kilometre-tall tower and artifical palm-shaped islands said yesterday it has fired 500 staff as the global economic crisis begins to bite in the booming desert city-state. Government-controlled developer...

6 news stories / 5 blog posts / 4 images / 17 videos / 1 voice

Garden life in Dubai, Jumeirah Gardens

Dubai :: United Arab Emirates | about 17 hours ago | Business News

Posted by apriljieh11

Imagine a development with some of the world's tallest buildings, varied microclimates and a mini-Manhattan. Well, this is exactly what Meraas Development, a new real estate developer, has burst on to Dubai's property stage with, and the project is worth...

9 news stories / 3 blog posts / 16 images / 22 videos / 1 voice

In times of crisis, invest in gold

Doha :: Qatar | about 10 hours ago | Business News

Posted by mdhafeezz

CHENNAI: These are troubled times and one can not blame investors out there, who feel that investment is a synonym for risk. Stocks crashed after giving an amazing bull run for 5 years. Oil doubled in less than 12 months...

1 news story / 0 blog posts / 8 images / 0 videos / 0 voices

Is Dubai the next Casuality of the Global Economic Crisis?

Dubai :: United Arab Emirates | about 1 month ago | Business News

Posted by arabwatch

As US markets are crashing and burning (except for today) rumors are starting to circulate in the financial markets about another crash--Dubai. There has been a dramatic surge in borrowing by Dubai to build massive super structures like the world's...

19 news stories / 6 blog posts / 5 images / 8 videos / 5 voices

World economies to decline in 2009: IMF

Doha :: Qatar | 25 days ago | Business News

Posted by vishnughimire

WASHINGTON: Barely 10 days ahead of the Summit of the Group-20 here called by President George Bush, IMF has revised its global economic outlook and forecast that advanced economies would slip into recession next year, while the growth rate of...

49 news stories / 6 blog posts / 10 images / 19 videos / 0 voices

Barazani, Rice discuss Iraq-US security deal

Baghdad :: Iraq | about 1 month ago | Business News

Posted by Alsumaria

Kurdistan leader Massoud Barazani announced that the security agreement issue was the main headline of talks in his meeting with US Secretary of State Condoleeza Rice in Washington. However, the Kurdish leader did not specify following the meeting amendments proposed...

17 news stories / 6 blog posts / 5 images / 22 videos / 0 voices

Qatar and ongoing global crisis

Doha :: Qatar | 26 days ago | Business News

Posted by vishnughimire

HH the Emir Sheikh Hamad bin Khalifa al-Thani yesterday said Qatar would be less affected by the global financial crisis than other developing nations because there was no shortage of liquidity. The consequences of the world crisis on the State...

12 news stories / 7 blog posts / 4 images / 12 videos / 1 voice

Oil prices drop on eve of OPEC meet

Dubai :: United Arab Emirates | 3 days ago | Business News

Posted by ashrafuddin

Oil prices fell on Friday as key ministers from the OPEC producers group meeting in Cairo suggested the cartel would wait until next month before announcing any decision to cut output. Organization of Petroleum Exporting Countries ministers are holding consultations...

50 news stories / 3 blog posts / 12 images / 3 videos / 0 voices

Iraq Deputy PM: Iraq reviewing 2009 budget as oil prices decrease

Baghdad :: Iraq | about 1 month ago | Business News

Posted by Alsumaria

Iraq Deputy Premier Barham Salih said that Iraq is reviewing 2009 budget as a result of the steep fall in oil prices. Iraq is 'now reviewing revenue projections and will amend the budget accordingly,' Salih said. Salih said Iraq can...

6 news stories / 4 blog posts / 5 images / 16 videos / 2 voices

Iraq to boost economic and trade ties with Canada

Baghdad :: Iraq | about 1 month ago | Business News

Posted by Alsumaria

Iraq Minister of Trade Falah Al Sudani affirmed that Iraq is willing to enhance its economic and trade ties with Canada. The Minister stressed that it is important for Canadian companies to participate in investment projects in Iraq thru cooperation...

7 news stories / 1 blog post / 0 images / 9 videos / 0 voices