Tag Archives: Tamweel

Wishin’ and Hopin’

As the real estate sector is fast returning to its pre-GFC levels, it came as no surprise to hear that Emaar’s latest off-plan development sold out on launch day. All 280 units, available in the 55-storey Downtown Residence Fountain Views, … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , , , , , , | Leave a comment

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 , , , , , , , | Leave a comment

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

Posted in Finance | Tagged , , , , , , , , , , , , , , , , | Leave a comment

The Only Way is Up

Just when you thought there were enough Brits in this emirate, the Dubai government is launching a US$ 1.5 million marketing campaign to encourage even more to visit. The UK used to be the biggest feeder for the local tourism … Continue reading

Posted in Finance | Tagged , , , , , , , , , , , | Leave a comment

Dubai – Good News Week Two

I see that former England cricket captain, Michael Atherton, has joined the long list of Poms who seem to delight in finding faults with anything associated with Dubai. Maybe he should concentrate his efforts on trying to improve the performance … Continue reading

Posted in Finance | Tagged , , , , , , , , | Leave a comment