Saturday 25 November 2017
 
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recovery

UAE donates $10m to help in Florida recovery efforts

The UAE Embassy in Washington has announced that the UAE government has pledged $10 million to help with recovery efforts in Florida, US, following the destruction caused by Hurricane Irma, a Wam news agency report said. UAE Ambas

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Dubai hotels show signs of recovery

The hotel industry in Dubai, UAE, recorded strong occupancy levels during the first quarter of 2017 despite continued and significant supply growth, according to data from STR. Based on preliminary data, Dubai recorded an occupanc

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Loss-hit Arabtec outlines major recovery plan

Arabtec Holding, a leading construction company in the Middle East, on Thursday outlined a major recapitalisation programme which will see the loss-hit company raise Dh1.5 billion (($408 million) through a rights issue as part of its new recover

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Dubai 'recovery may dent tenant's bargaining power'

Residential tenants in the UAE have benefitted from falling rents and a growing willingness by landlords to accept multiple cheques in recent years, but an expected real estate recovery – at least in Dubai – could again spur property

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No short-term recovery for Dubai residential property

Dubai's residential property market is still at risk from rising debt costs, strong dollar and a sluggish regional economic growth and a short-term recovery is highly unlikely in the region's economic hub, said a report by Phidar Advisor

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Dubai, Abu Dhabi real estate 'on path to recovery'

Heading towards the end of the year, the real estate markets in both Dubai and Abu Dhabi appear to be making strides towards recovery, said a report. There has been a noticeable slowdown in the rate of price drops and a visible up

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Opec deal to speed up oil market recovery, says Saudi

Saudi Arabia is optimistic that the Opec’s (Organization of the Petroleum Exporting Countries) deal to curb oil output to 32.5 million barrels per day (bpd) will speed up the (market) recovery and benefit producers and consumers, said a re

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North America recovery unlikely this year: Baker Hughes

Oilfield services provider Baker Hughes said it did not expect a substantial recovery in drilling and pricing in North America this year, in contrast with comments from bigger rivals Schlumberger and Halliburton Co.  

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GFH recovers $4m in bonus case

Bahrain-based GFH Financial Group (GFH) has announced that it has concluded a final settlement with one of its ex-chairmen in a legal case and has recovered approximately $4 million in cash, shares and real estate from him. GFH wa

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Sasol showcases enhanced oil recovery oilfield chemicals

Sasol, an integrated chemicals and energy company, showcased its range of surfactants and specialty products at the recent Oil and Gas West Asia Exhibition - OGWA 2016 in Oman.   The firm's stand

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