Demand for credit in the UAE rebounded in the January-March quarter after dipping during the previous quarter, a central bank survey showed on Thursday.
The net balance measure for business lending - the weighted percentage of res
The World Steel Association recently cut its forecast for 2016 global steel consumption, but expects to see a return to growth in 2017, a report said.
The finished steel consumption this year is likely to reach 1,488 million metri
The downward readjustment of housing allowances amongst companies in Abu Dhabi is creating further strain on the higher end of the residential market and underscores the need to address the UAE capital’s lack of affordable housing options,
Middle East carriers saw demand for international air travel jump 11.3 per cent in February compared to a year ago but this was exceeded, however, by a 16.9 per cent rise in capacity, said a report.
This caused load factor to drop
ALE, operating under the Alcatel-Lucent Enterprise brand, has unveiled a new cloud managed network infrastructure service designed and delivered by its business partners.
The new Alcatel-Lucent Network o
Oil prices dipped on Wednesday, weighed down by a strengthening US-dollar and concerns over slowing demand, although falling US production lent crude markets some support.
US crude futures CLc1 were trading at $36.46 per barrel at
With the new real estate regulatory legislation coming into force this year, Abu Dhabi is likely to see a spurt in free-hold property, stated Nationwide Property Middle East, a pioneer in real estate marketing based in Abu Dhabi.
The rental market in the UAE’s real estate sector will soften further in 2016 due to the widening gap between demand and supply.
The focus on the affordable housing market sector will further enable the industry to mai
The rental market in the UAE’s real estate sector will soften further in 2016 due to the widening gap between the demand and supply ratio, said Chestertons, an international property agency.
The company also stated that deve
Diyar Al Muharraq, a leading urban developer in Bahrain, said it had received an overwhelming response from investors for the units in the second phase of its seafront development Al Bareh coming up in the kingdom.
The company lau