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UAE property companies shunned by investors

“A lot of lenders to UAE property companies got badly burnt in the past and they don’t have much appetite,” said analyst Gus Chehayeb

Gold tops $1,910 for first time on safe haven status

Gold advanced to an all-time high above $1,910 as investors sought to protect their wealth against financial turmoil amid speculation 

Dubai Investments faces exports setback

Dubai Investments has secured only a quarter so far of the 1.2-billion dirhams ($326.7 million) loan it wanted to raise

Bahraini Premier calls on ministers to speed up projects

Bahrain’s ministers were called to speed up programmes for key development projects as specified in a national blueprint by HRH Prime

Saudi economy ‘to register solid growth’

Following strong growth in 2010, the Saudi economy is expected to strengthen further in 2011, fuelled by a robust increase

Qatar property market remains stable

Modest leasing activity characterises Qatar’s property sector over Q2 2011, according to the latest Asteco quarterly report.

Suez Canal work normal; June income up 16pc

Suez Canal, a vital waterway for world trade, is operating normally despite days of sit-ins and protests in the area, a Suez Canal Authority

UAE passengers set to pay airport security tax

Passengers using UAE airports are set to pay an additional fee in their air fares under a new security and safety scheme unveiled by

Abu Dhabi ‘top ME construction market’

Abu Dhabi has rapidly emerged as one of the Middle East region’s most important construction markets, said an expert.

No plan to raise foreign ownership limit: UAE

The United Arab Emirates has no plans to raise the 49 per cent foreign ownership limit for listed firms, said a senior economy ministry official, dashing hopes the country's bourse would be upgraded to emerging

Bahrain sets up $26m fund to help SMEs

A BD10 million ($26.53 million) fund for Bahrain's small and medium enterprises (SMEs) was launched yesterday to help them cope with the effects of the global economic crisis and the recent unrest.

Bahrain sukuk beat Dubai as emergency lifted

Bahrain’s decision to end a three- month state of emergency is restoring confidence in the island nation’s Islamic bonds.
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