United Arab Emirates Business News

There's trouble in paradise – and Brad could suffer because of it Brad Pitt's construction project could be abandoned because of the economic crisis. Photograph: Jean Baptiste Lacroix/FilmMagic Lost in Showbiz was almost too upset to come to the keyboard...

The Sensex recovered more than 400 points from its intra-day lows to close at 16,632, down 222 points and the Nifty ended at 4,943, lower by 62 points. After nosediving in early trades, pressurised by banking and commodity stocks, the major...

Debt problems in Dubai sent banks and auto stocks sliding, contributing to a 2.1 percent fall in European shares on Thursday, with energy and mining stocks hurt by lower commodity prices...London Stock Exchange fell 4 percent as traders cited concern...

ING unveiled the terms of the deal on Friday, already having announced last month that it would raise 7.5 billion euros. It plans to repay some five billion euros in state aid plus 950 million euros in interest on the...

The leading UK index is down 98.12 at 5266.69, while Germany's DAX is off nearly 2% at 5689.51 and France's CAC has fallen 1.95% to 3728.35. There will be no guidance from Wall Street, since the US market is closed...

Daily rates and overall revenues in Dubai hotels fell furthest in the Middle East and Africa in October, according to STR Global. The hotel research firm said the average daily rate (ADR) in Dubai dropped by 29.3 per cent in...

The new billboard says ``Long live our Emirates union'' and also shows United Arab Emirates President Sheikh Khalifa Bin Zayed Al Nahyan. Dubai's financial woes have tamed the once-independent emirate and forced it closer to Abu Dhabi, which holds 90...

Masdar City, a free zone in Abu Dhabi established recently for the research and development of renewable energy, has started patenting and exporting technologies, a top official said. Dr. Sultan Ahmed Al Jaber, Chief Executive Officer, Abu Dhabi Future Energy...

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...