Top UAE News

Sama Dubai Staff Probed On Alleged Bribery

Four employees of Dubai-based real estate developer Sama Dubai have been arrested and are being questioned by Dubai's Public Prosecution on allegations of bribery and mistrust, according to documents seen by Zawya Dow Jones Thursday. Zawya Dow Jones Newswires - 21Aug 13:52GMT
31 companies suspended for breach of contract in Iraq

The Iraqi Ministry of Planning and Development Cooperation on Thursday announced the suspension of all future dealings with 31 Iraq, Arab and foreign companies, citing their failure to fulfill their contractual obligations with the ministry and other state departments. Aswat Aliraq - 21Aug 11:36GMT
ME Hotel Occupancy Highest In World

The Middle East has the highest occupancy and average room rates in the world at 75.3 percent and US$180 respectively. Press Release - 21Aug 11:26GMT
Catering Sales To Rise In Dubai Despite Inflation

While consumption pattern may have changed over the years, the rapid modernization of Dubai and the flourishing of the hotels and restaurants sector may have even increased the share of eating out to the total expenditure of the population. Dubai Chamber of Commerce & Industry - 21Aug 10:54GMT
$562 Billion GCC Earnings In 2008

Gulf oil producers are expected to earn a record $562 billion in 2008 as crude prices are projected to remain above $100 and they are pumping at one of their highest levels. WAM (Emirates News Agency) - 21Aug 10:41GMT
ETA Star announces the opening of StarMetro Al Barsha

ETA Star, a leading property developer in the UAE, has announced the opening of StarMetro Al Barsha, luxury hotel apartments. Press Release - 21Aug 09:10GMT
Students in UAE failing to demonstrate English language proficiency

A number of students are being denied admission in accredited universities in the UAE because they fail their English language tests. Press Release - 21Aug 08:25GMT
Jumeirah Set To Open Hotel In Shanghai

Dubai-based hotel group Jumeirah will open its Han Tang Xintiandi hotel in Shanghai, China, in December. Emirates Business 24/7 - 21Aug 08:16GMT
Societies condemn Iran decision

Two political societies have condemned Iran's decision to open two administrative offices on the UAE island of Abu Mousa, saying that it consecrated the occupation of the UAE territory and called for a common Arab stance against the move. Bahrain Tribune - 21Aug 07:19GMT
WSP Middle East launches a Transportation department in the region

Leading engineering consultancy, WSP Middle East, recently launched a Vertical Transportation department specialising in the movement of people and materials in a buildings environment. Press Release - 21Aug 07:15GMT

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New Laws To Fight Corruption
Financial experts are calling for stricter laws and regulatory policies to fight corruption following allegations of misconduct in Dubai property market.

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Major Challenge
Inflation is the biggest threat to the planned Gulf Co-operation Council monetary union, the chief economist at Dubai International Financial Centre (DIFC), warned.

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More Airlines?
At least 10 low-cost carriers may be launched in the region in the next five years, says the Centre for Asia Pacific Aviation.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Emirates Telecommunications Corporation	UAE	29,910
2	Emaar Properties	UAE	15,950
3	Emirates NBD	UAE	15,543
4	DP World	UAE	13,446
5	Mashreq	UAE	11,159
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