UAE economy set to grow 4% Khaleej Times DUBAI ' The UAE economy is forecast to grow by at least four per cent in 2012, Economy Minister Sultan Al Mansouri said on Thursday. | "Under the circumstances, this is healthy, this is good," Al Mansouri was quoted by Bloomberg as saying in Davos on the sidelines of the World Economic Forum....
UAE job market expands in 2011 as economy grows Gulf News | Abu Dhabi: The UAE's job market expanded in 2011 and this is slated to continue in 2012 with many UAE companies expecting an increase in their head count this year, Gulf Recruitment Group, one of UAE's leading executive recruiters, said in a report...
ADCB returns to profit after sale of stake in Malaysian bank Gulf News | Dubai: Abu Dhabi Commercial Bank (ADCB) made a powerful comeback yesterday as it reported strong profit growth and substantial reduction in loan and investment impairments. | The bank reported Dh3 billion net profits for 2011 compared to Dh391...
UAE economy set to grow 4% Khaleej Times DUBAI ' The UAE economy is forecast to grow by at least four per cent in 2012, Economy Minister Sultan Al Mansouri said on Thursday. | "Under the circumstances, this is healthy, this is good," Al Mansouri was quoted by Bloomberg as saying in D...
Abu Dhabi Commercial Bank net profits soar to $830 million Middle East Online | DUBAI - Abu Dhabi Commercial Bank said on Thursday its net profits surged to $830 million in 2011 from $107 million the year before, aided by the sale of its stake in a Malaysian bank for $354 million. | Last year "was a momentous year for ADCB. We...
World’s top four lead formidable field in Abu Dhabi Business Day | THE European Tour will outshine the more lucrative US PGA Tour when the world’s top four golfers plus a resurgent Tiger Woods open their seasons at the Abu Dhabi Championship today. | With 12 Major winners and nearly 100 European Tour winners, it...
Fund to ease debt burden of 6,830 Emiratis Gulf News | Abu Dhabi: President His Highness Shaikh Khalifa Bin Zayed Al Nahyan has ordered the settling of the debts of 6,830 Emiratis amounting to Dh2 billion. | The order will cover citizens with limited income whose loans do not exceed Dh1 million. T...
Challenges to growth of Islamic banking Gulf News | Although Islamic banking has grown rapidly over the last three decades, the volume of transactions touched $1.086 trillion (Dh3.98 trillion) in 2011, accounting for only one per cent of the world's total. | This point was made at a seminar organise...
Tiger Woods' visit to Abu Dhabi: It's about money, too Chicago Tribune On one hand, one has to appreciate Tiger Woods' candor in discussing why he's spending this week in the Middle East and not at his personal playground otherwise known as Torrey Pines. His timing, though, is jarringly peculiar. | It was less than a we...
Tiger Woods goes for the sure money this week Boston Herald | LA JOLLA, Calif. — At least is honest about the money. | Woods has chosen to skip the Farmers Insurance Open at Torrey Pines Golf Course, which begins Thursday, to play at the Abu Dhabi HSBC Championship, part of the European Tour. | While th...
Tiger Woods goes for the sure money this week The Los Angeles Times Reporting from La Jolla — At least Tiger Woods is honest about the money. | Woods has chosen to skip the Farmers Insurance Open at Torrey Pines Golf Course, which begins Thursday, to play at the Abu Dhabi HSBC Championship, part of the European...
UniCredit Gaining Investor Support for $9.6 Billion Rights Issue The New York Times | LONDON — Aabar Investments, an investment vehicle for Abu Dhabi’s sovereign wealth fund, said on Tuesday that it would increase its stake in Italian bank UniCredit to 6.5 percent from 5 percent after the Milan-based firm completes a so-called rights offering at the end of the month. The deal would make Aabar the largest individual investo...
