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Article Archive for September 2009

Dubai Business | Kippreport » Tread at your own peril, Part II »
September 29, 2009 – 8:10 am | No Comment

Kylie Minogue accompanied her sister Dannii to Dubai to help the X Factor judge choose… UAE : 37 cases of bribery in 2009. There have been 37 cases of bribery in the UAE in 2009, according to figures released by the Dubai Police… …

TAMEER's Silver Tower reaches 26th Floor (Mena Report …
September 29, 2009 – 8:02 am | No Comment

Construction of TAMEER’s exclusive 31-storey Silver Tower, located in Dubai’s Business Bay, is progressing well, and according to company officials, th… … 13 UAE banks have exposure to troubled Saudi groups (Zawya). By admin | NEWS. Thirteen UAE banks have exposure to the troubled Saudi Arabia-based Saad and Algosaibi groups, Central Bank Governor

du provides broadband connection on Dubai Metro through its Wi-Fi service (Mena Report)
September 29, 2009 – 7:50 am | No Comment

du, the UAE’s integrated telecom operator is extending its WiFi service which is currently offered in many hotspots around Dubai also to the new Dubai Metro line as part of a partnership agreement with RTA. The wireless broadband connection from du will be available both on metro trains and stations.

Dubai Airport August Passenger Volume Rises to 3.7 Million (Bloomberg)
September 29, 2009 – 7:19 am | No Comment

Sept. 29 (Bloomberg) — Dubai Airports, home to the biggest Arab airline, Emirates, said passenger traffic rose 10.7 percent in August from a year ago to 3.73 million.

US turnaround firm sees riches in Dubai downturn (Reuters via Yahoo! Malaysia News)
September 29, 2009 – 6:00 am | No Comment

DUBAI, Sept 28 (Reuters) – Alvarez & Marsal, the U.S. turnaround firm overseeing the Lehman Brothers bankruptcy, is in talks to help restructure firms humbled by the global financial crisis in Dubai, the Gulf’s trade and tourism hub, a top executive said on Monday.

Christie’s to Offer an Exceptional Auction of International Modern and Contemporary Art in Dubai (Art Daily)
September 29, 2009 – 3:32 am | No Comment

Ahmed Moustafa, Rembrance and Gratitude. Estimate: $600,000-800,000. Photo: Christie’s Images Ltd 2009. DUBAI.- Christie’s , the world’s leading arts business, announce their seventh auction of International Modern and Contemporary Art in Dubai which will take place on Tuesday 27 October 2009. The sale will bring together and offer to the international art market an important selection of …

Which City Is Better For Work And Living Bangkok Or Dubai? | HONG …
September 29, 2009 – 12:44 am | No Comment

I just want to know which city is better for living and earning money…Dubai or Bangkok..right now I am in Australia and really sick of the life style of. … Try Dubai. Lifestyle is quite promising and trendy. But keep in mind, Dubai is a work in progress city meaning a lot is in construction …

Business : Dubai Banks’ Exposure to Real Estate Sector Rises to 23pc (Khaleej Times)
September 28, 2009 – 8:56 pm | No Comment

DUBAI — The exposure of Dubai banks to the troubled real estate sector is 23 per cent, the second highest in the GCC after Bahrain, while banks in Abu Dhabi have the least at nine per cent, a report by Kuwait Financial Centre, or Markaz, said.

Business : Dubai Office Rentals to Stay Sluggish Until 2010, Says CBRE (Khaleej Times)
September 28, 2009 – 8:55 pm | No Comment

DUBAI — Office space rentals in Dubai have plunged by 63 per cent in the last nine months, but prices are likely to fall further for the remainder of 2009 and 2010 as a dearth in demand, along with abundance of new supply, will keep the emirate’s office space leasing market sluggish, especially in the freezone areas, said property consulting company CB Richard Ellis Middle East. CBRE said the …

Dubai-based Filipina Vilified for Calling Typhoon ‘Well-Deserved Punishment’ (Khaleej Times)
September 28, 2009 – 8:40 pm | No Comment

DUBAI — A Dubai-based Filipina, who called the devastating flash floods in the Philippines “a well-deserved punishment for the sins of the Filipino people”, is facing harassment from her compatriots across the globe through social networking websites “Facebook” and “Starfishbuang.multiply”.

‘Dubai house prices will continue to fall’ (Business Times (Malaysia))
September 28, 2009 – 7:13 pm | No Comment

DUBAI: Dubai’s house prices, which plunged 47 per cent in the 12 months through June, will continue to fall because of “oversupply,” Jones Lang LaSalle said.

Dubai Business | Kippreport » Jordan »
September 28, 2009 – 3:47 pm | No Comment

Bahrain’s food consumption may increase by 26 percent. Food trade volumes are expected to reach… Swine flu’s second wave may be coming · Not safe in Saudi? The UAE’s claims to robbery fame · Which GCC city is the most expat-friendly? …

Michigan State University, Dubai Campus, Selects ClearCube and Bladetec to Deploy ClearCube Blade Workstations for … (PR Newswire via Yahoo!…
September 28, 2009 – 3:44 pm | No Comment

AUSTIN, Texas, Sept. 28 /PRNewswire/ — ClearCube Technology, the leader in centralized and virtual computing, announced today that Michigan State University’s Dubai campus selected ClearCube Technology’s R-series blade workstations and user ports for deployment in a student computer lab. “Being able to update and manage all of the workstations from a single location was a huge benefit for us …

Nasdaq Dubai ends mixed (AME Info)
September 28, 2009 – 3:05 pm | No Comment

Shares of Dubai Ports (DP) World lost 3.05%, closing at $0.54 with some 11.47m shares changing hands. Jewelry trader Damas ended 1.98% higher at $0.36. Depa Ltd. lost insignificantly (down 0.13%) and finished at $0.78.

Dubai Business | Kippreport » GCC investor confidence up second …
September 28, 2009 – 1:13 pm | No Comment

UAE : 13 banks exposed to Saad and Algosaibi fiascos, says central bank governor · Bahrain economy may grow 3pc in 2009, says central bank governor · Kuwait’s crude oil exports to China plummets 35.8pc in August …

Dubai Business | Kippreport » UAE: 13 banks exposed to Saad and …
September 28, 2009 – 1:12 pm | No Comment

The UAE central bank governor announced on Monday that 13 banks…