Top UAE News

  • Abu Dhabi inflation down 0.3 percent in January, says SCAD


    A breakdown by household type shows that consumer prices advanced 1.0 percent for national households in January 2012, compared with January 2011. The corresponding rise for other household types was 0.5 percent for non-national households and 0.9 percent for collective households. WAM (Emirates News Agency) - 11Feb 12:31GMT
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  • UAE-US trade reaches record high of $18.3b in 2011


    Trade between the United States and the United Arab Emirates reached a record high of US$18.34 billion in 2011, recent data showed. Increased trade and investment across several key economic sectors including manufacturing, infrastructure, and technology drove the rise in last year's economic activity. WAM (Emirates News Agency) - 11Feb 11:57GMT
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  • Emirates Post Group acquires remaining 40 % shareholding in Wall Street Exchange Centre


    Emirates Post Group Holding has acquired the remaining 40 per cent shareholding in Wall Street Exchange Centre LLC, one of UAE's largest and oldest foreign exchange and money transfer companies, operating since 1982. Press Release - 11Feb 11:50GMT
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  • Emaar Retail welcomes over 4.75 million visitors to its leisure attractions in 2011


    Emaar Retail LLC, the premium provider of leisure and entertainment, welcomed more than 4.75 million visitors to its varied attractions in Dubai during 2011, recording a growth of over 13 per cent in visitor numbers compared with 2010. Press Release - 11Feb 09:30GMT
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  • Increased access to Jumeirah Lakes Towers welcomed by JLT community


    The Dubai Multi Commodities Centre ("DMCC"), the licensing authority for the Jumeirah Lakes Towers ("JLT") Free Zone, announced that the RTA has opened the new Western Parallel Road, running on the south side of the community and connecting JLT to Al Barsha, Emirates Hills and The Meadows. Press Release - 11Feb 09:28GMT
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  • Rehabilitation of NRIs to pose huge challenge in coming years for GCC


    Rehabilitation of Non Resident Indians (NRIs) returning to their home country due to the nationalization drive in many states in the GCC is going to be a huge challenge in the coming years, said former minister of Kerala, M.M Hassan. Arab Times - 11Feb 07:50GMT
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  • GCC airports' expansion woos investors


    The massive airports expansion programs underway in the GCC countries have been attracting international aviation companies to the region as the airport operators look for technology and services to handle future growth volumes. The Saudi Gazette - 11Feb 07:36GMT
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  • Construction machinery business booms in region


    New investors shift focus on construction machinery business amid construction boom in the region. The Saudi Gazette - 11Feb 07:33GMT
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  • Call to form Gulf federation of space sciences


    Ahmed Obaid Al Mansoori, Director-General of the Emirates Institution for Advanced Science and Technology (EIAST), has called for the creation of a Gulf federation of astronomy and space sciences to promote research and development in the sector. Khaleej Times - 11Feb 07:33GMT
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  • Emirates NBD offers Mercedes auto loan


    Emirates NBD, a leading bank in the region, and Gargash Enterprises, the authorised distributor of Mercedes-Benz in Dubai launched a special offer on auto loans for select models of Mercedes Benz vehicles, to be availed through February 2012. Khaleej Times - 11Feb 07:32GMT
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Dubai tallest hotel set to open
 
Dubai Eye - 09 Feb 2012
Rupperecht Queitsch, General Manager of JW Marriott, talks about the JW Marriott Marquis Dubai, soon to be Dubai's tallest hotel, set to open in the last quarter of this year.
 

Research     

United Arab Emirates Power Report
Business Monitor International Limited

During the 2011-2021 period, the UAE’s overall power generation is expected to increase by an annual average of 5.03%, reaching 138.5TWh. Driving this growth is an annual 4.67% gain in gas-fired and a 0.90% rise in oil-fired generation, accompanied by rapid growth in renewables-based electricity supply,

albeit from a very low base. It is assumed that nuclear generation will be available from 2021.



 
 
 
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Markets
BRIC vs MENA
A number of ME markets are trading at valuations below their BRIC counterparts, says NBK Capital. With a few potential catalysts such as an MSCI upgrade and Saudi opening up, there may even be hope for the unthinkable: a rally.
 

 
Regulatory
Dealing with mortgage default
UAE's economy has found itself exposed to unprecedented rates of mortgage default, but the country is determined to address them and has already done much in that regard, at least in the way of public discourse and a series of draft laws writes Ludmila Yamalova, Managing Partner of HPL Yamalova & Plewka JLT.
 

 
Cautious optimism
A surge of optimism surrounding debt negotiations in Dubai is reassuring investors of the emirate's ability to meet its commitments this year, despite the limited financial resources available to the indebted city-state.
 
 
Companies in UAE
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Rankings
Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Emirates Telecommunications Corporation UAE 20,341
2 DP World UAE 9,130
3 National Bank of Abu Dhabi UAE 8,478
4 First Gulf Bank UAE 7,126
5 Emaar Properties UAE 4,793
» View Full List
 
 
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