Saudi Arabia appears to be keeping its pledge to ensure global markets are well supplied with oil, barely letting up in shipments to the US even after two of its biggest refining customers suffered crippling glitches.
Dubai’s automotive re-export market registered solid growth with the total direct trade hitting $2.4 billion in the first half of the year. The spare parts and accessories represent 52 per cent of Dubai's auto import and re-export market, said
The middle income housing segment remains robust in Dubai despite the property prices having tumbled down by as much as 35 per cent since the start of 2009, said an industry expert.
“There is still a reasonable demand for middle income hou
Oil demand growth in the Middle East will slow but stay robust in 2009 as governments in the world's top exporting region boost spending to cushion the impact of the global economic slowdown, said experts.
The deteriorating world econo
Dubai-based traders Coastal Energy, a wholly-owned subsidiary of the C&O Group, has said its coal trading business was robust despite the slide in coal prices due to strong demand from buyers.
"Despite the global slowdown, Indian deman
Dubai Industrial City (DI), the leading industrial destination in Dubai has successfully managed to maximise the use of all its lands in 2007 while achieving a robust growth during the year as it increased its client base to more than 430 industri
Daman Investments, a leading UAE-based fund manager, has given robust economic outlook for its three funds for the coming months.
The company’s three funds - Daman Second Emirates Fund, the Daman Islamic Fund and the Arabian Programmed Tra