Home » Archives
du makes record profit in 2009
Written on 25 Feb, 2010 at 1:17 in Business | viewed 67 times | 0 Comments
Emirates Integrated Telecommunications Company PJSC (Du) today announced full year results to 31 December 2009, recording another successful year of growth with net profit before royalty at record highs reaching Dhs528m. Highlights for the full year: • 1,011,200 active mobile customers acquired,... (Continue reading)
Dubai finds more oil, just in time
Dubai has discovered an offshore oil field, the office of Dubai’s ruler said today in a statement. The small oil producer Dubai was evaluating the size of the field and potential production, the statement is saying. The ruler’s office was... (Continue reading)
Etisalat still makes a lot of profit during the financial downturn
Etisalat announced on Sunday net profits of AED 8.8bn ($ 2.4 bn) for 2009. The year before (2008) Etisalat made AED 8.5bn in net profit. The company said in a statement that it had achieved revenues of AED 30.8 bn,... (Continue reading)
Dubai Investments makes a nice profit
The biggest investment company on the Dubai Financial Market, Dubai Investments PJSC, announced a net profit of AED 963 Million as the preliminary results for last year 2009. Dubai Investments reported a consolidated total income of Dhs3.67 Billion for the... (Continue reading)
QE 2 will not be shipped to South Africa, yet
Dubai was planning to move the Queen Elizabeth 2 (ex)cruise liner to South Africa. You may have heard about a UAE company called Dubai World? Of course you have. They are the owner of the QE 2 (via their investment... (Continue reading)
Dubai has it’s first foreclosure case
Written on 15 Jan, 2010 at 17:54 in Business | viewed 384 times | 3 Comments
Together with plunging values, missed home loan payments and abandoned properties, Dubai’s property market is a lot like others around the world. Apart from the fact that there have been no foreclosures in the emirate until now. Barclays recently won Dubai’s... (Continue reading)
In 7 days it will show if Nakheel is paying its debt
Written on 12 Jan, 2010 at 12:59 in Business | viewed 264 times | 2 Comments
Nakheel, the Dubai based property developer and part of Dubai World, has to pay back part of a 750 million US$ bond in 7 days. Dubai World, Nakheel’s parent company, is looking for a standstill of it’s 22 billion US$... (Continue reading)
Burj Dubai, now Burj Khalifa, Arrives in Style!
The moment we’ve all been waiting for is here… There was a mad rush of traffic that started early in the day as residents of the city rushed to the Down Town Burj Dubai area for what promised to be... (Continue reading)
Do you rent in Dubai? News for you!
Rent increases will be contained in 2010, according to a decree issued on Wednesday, which says that rent can only rise if it is at least a quarter below market values. His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President... (Continue reading)
Dubai World will survive
Even though it was expected from Dubai World’s creditors, the company did not ask for a standstill on its debts in today’s meeting in Dubai. It was the first face to face meeting of Dubai World officials with their creditors... (Continue reading)
UAE Government bails out Dubai – Market’s are up
In a dramatic U-turn, Dubai today announced that it has received a $10bn bail-out from the neighboring Emirate Abu Dhabi that will enable it to pay off the immediate debts of its most troubled state-run companies. Confirmation that the government... (Continue reading)
Dubai Stock Market rebounds – for long?
Today the Dubai Stock Market DFM rebounded from it’s low yesterday on a relatively high turnover. The last few days since the shocking announcement of Dubai World had obviously an impact on the stock markets of the United Arab Emirates.... (Continue reading)
Breaking News: Dubai Holding sells its stake in EFG-Hermes to Western Investors
Yesterday a television station reported that Dubai Group, a unit of Dubai Holding, has sold its stake in EFG-Hermes, the Egyptian Investment Bank, for $120 Million. Rumors are rife about who the buyer may be. According to news reports on the... (Continue reading)
Dubai: the City that Cried Wolf
A week ago, Dubai announced to the world that one of its largest entities, Dubai World, will be seeking a moratorium on its debt, believed to be somewhere in the range of $60 Billion. Soon after, various holidays around the world... (Continue reading)
No Guarantee for Dubai World’s Debt from Dubai Government
Dubai’s government said it hasn’t guaranteed the debt of Dubai World, the state-controlled holding company struggling with $59 billion in liabilities, and that creditors must help it restructure. “It is correct that the government owns Dubai World, but the decision... (Continue reading)
Stock Markets in Dubai and Abu Dhabi Fall Sharply
Dubai bourse slumped 7.30 per cent at end of trading session today while Abu Dhabi dropped 8.24 per cent to 2,670 as market sentiments remained down on Dubai World restructuring news. The Dubai bourse closed 7.30 per cent lower at... (Continue reading)
Did Dubai World kill Dubai’s Dream?
Dubai has made it into the international news again. This time it’s all about one of Dubai’s biggest companies – DUBAI WORLD. The news read like: Indian stock markets joined the tumble in bourses around the world on Friday after Dubai... (Continue reading)
New Boss for Dubai Financial Center
The head of the Dubai International Financial Centre (DIFC) has been replaced in what is being described as a strategic re-positioning related to continuing financial issues in the emirate. , who has been governor of the centre since it opened its... (Continue reading)
Orderbooks filled with Billions of Dollars at Dubai Airshow
The Dubai Airshow opened on a reassuring note on Sunday, with Airbus, Rolls-Royce and other aviation companies trumpeting combined orders worth several billion dollars. The announcements set an uplifting tone for a show that takes place amid a severe downturn... (Continue reading)
Dubai Property prices are rising again
Dubai property prices rose in the third quarter for the first time since the emirate’s property market crashed late last year, but are still almost 50% lower than a year earlier, U.K.-based real estate consultancy Colliers International said Tuesday. Prices... (Continue reading)
Subscription
Hot News in Business
- Burj Dubai, now Burj Khalifa, Arrives in Style! read 1,169 times
- Did Dubai World kill Dubai’s Dream? read 893 times
- Dubai Rents Down Up To 45% read 612 times
- New Boss for Dubai Financial Center read 609 times
- Dubai: the City that Cried Wolf read 554 times
- Dubai Property prices are rising again read 489 times
- Dubai finds more oil, just in time read 483 times
- Dubai has it’s first foreclosure case read 384 times
- Get A Refund For Your Dubai Property read 378 times
- No Guarantee for Dubai World’s Debt from Dubai Government read 371 times
- du Makes First Full Year Profit
(0.00 out of 5) - du Makes First Full Year Profit
(5.00 out of 5) - Do you rent in Dubai? News for you! (5.00 out of 5)
- Burj Dubai, now Burj Khalifa, Arrives in Style! (5.00 out of 5)
- In 7 days it will show if Nakheel is paying its debt (5.00 out of 5)
- Dubai finds more oil, just in time (5.00 out of 5)
- du Makes First Full Year Profit (0.00 out of 5)
- du Makes First Full Year Profit (0.00 out of 5)
- Dubai Property prices are rising again
(4.50 out of 5) - Get A Refund For Your Dubai Property (0.00 out of 5)
- du still makes profit in 3rd quarter 2009 - 5 votes
- Dubai Property prices are rising again - 4 votes
- Did Dubai World kill Dubai’s Dream? - 3 votes
- Orderbooks filled with Billions of Dollars at Dubai Airshow - 3 votes
- Get A Refund For Your Dubai Property - 2 votes
- Get A Refund For Your Dubai Property - 2 votes
- Dubai: the City that Cried Wolf - 2 votes
- Breaking News: Dubai Holding sells its stake in EFG-Hermes to Western Investors - 2 votes
- Dubai Stock Market rebounds – for long? - 2 votes
- UAE Government bails out Dubai – Market’s are up - 2 votes
Partner
Not so small leak in Dubai Mall Aquarium
Dubai Informers
