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Monthly Archives: January 2013
Don’t Turn Around
The on-going mortgage lending saga took another turn this week with reports that the Central Bank Governor, HE Sultan Nasser Al Suweidi, has advised that changes to the mortgage cap were not imminent and would not go ahead without consultation … Continue reading
Posted in Finance
Tagged Circle K, DEWA, DFM, Dubai, Dubai Financial Market, Majid Al Futtaim, Tamweel, UAE
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We Are The Champions
Latest figures show that Dubai hotels are going from strength to strength with their best returns for three years. Occupancy levels hit 90.8% in November with average room rates up 3.1% to US$ 360.47 with even bigger leaps in revenue … Continue reading
One More Cup of Coffee
A sign of the global downturn came with Singapore Airlines’ announcement that it was asking its 2,400 captains to volunteer for unpaid leave. It seems that the carrier continues to struggle after declaring a 69% drop in annual Net Profit … Continue reading
Simply The Best
Dubai’s 2013 budget hopes to cut its annual deficit by 18% to less than 0.5% of GDP with Revenue expected to rise by 7.8% to US$ 8.9 billion and Expenditure up 6.0% at US$ 9.3 billion. It is not known … Continue reading
Posted in Finance
Tagged Arsenal FC, Depa, Dubai, Dubai at its Best, Dubai Creek, dubai shopping festival, Emirates, emirates airline, Jebel Ali Port, Nasdaq Dubai, Qatar Airways, RTA, UAE
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