A planned merger of the Dubai Financial Market and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday.
A proposal that protects classified government information has been shelved for two weeks following disagreements between Shura Council members on its contents.
During yesterday's five-hour discussion, council members agreed t
Dubai developer Deyaar said on Wednesday it would put at least a quarter of projects on hold and offer customers more flexible payment options as the financial crisis hits Gulf trade hub's property sector.
'The company will hold ba
Nearly 60 per cent of construction projects in the Gulf have been postponed or shelved as a result of the global credit crunch, it has emerged.
Sakana Holistic Housing Solutions chief executive officer R Lakshmanan said global confidence w