Top UAE News

Nakheel Mulls Dh55b IPO

Nakheel, the UAE's biggest developer by project value with nearly Dh294 billion ($80 billion) master-planned developments in the pipeline, appears to consider a Dh55 billion ($15 billion) initial public offering (IPO) to raise capital to fund some projects. Gulf News - 02Dec 05:49GMT
Local Banks Not Cutting Jobs As Business Holds Up

UAE bankers said on they haven't planned any job cuts to face up to the challenges posed by the global economic downturn and credit crunch that has embroiled some of the world's major banks and wiped trillions of dollars from the global financial system. Gulf News - 02Dec 05:40GMT
Gulf Stocks Mixed Amid Quiet Trading

Stock markets in the Gulf states closed mixed on Monday amid quiet trading as investors digested two months of heavy losses in the wake of the global financial turmoil. AFP - 01Dec 13:42GMT
Aabar Acquires Stake in AIG Private Bank Ltd

Aabar Investment PJSC ("Aabar") announced the signing of a binding agreement to acquire AIG Private Bank Ltd. ("AIG Private Bank") from its parent company American International Group, Inc. ("AIG") Press Release - 01Dec 12:52GMT
DIFC Posts Electronic Transactions Law for Public Consultation

The Dubai International Financial Centre (DIFC) today released its proposed Electronic Transactions Law for public consultation. Press Release - 01Dec 12:51GMT
Hitachi to Locate MENA Headquarters at Dubai Silicon Oasis

The Dubai Silicon Oasis Authority (DSOA) announced its agreement with Hitachi Data Systems to locate its Middle East and North Africa (MENA) headquarters at the Dubai Silicon Oasis, the region's premier integrated innovations hub for high-tech industries. Press Release - 01Dec 12:42GMT
Barclays Wealth: Improvement In MENA Environment For Entrepreneurs

A new report published by Barclays Wealth and the Economist Intelligence Unit (EIU), entitled "The Entrepreneur in Adversity", reveals that the MENA region has seen the largest improvement in the environment for entrepreneurship over the past decade. Press Release - 01Dec 11:05GMT
du Introduces First Unified Roaming Tariff In GCC

du, the UAE's integrated telecom service provider, has simplified roaming charges by introducing a unified set of attractive roaming rates for the first time in the UAE. Press Release - 01Dec 09:04GMT
Abu Dhabi to Reveal 5-year Economic Strategy Soon

Abu Dhabi will unveil its five-year economic diversification strategy in couple of months, an official said. Khaleej Times - 01Dec 08:33GMT
Mega Projects In Dubai Likely To Face Some Delays

Parts of the Dh350 billion Jumeirah Garden City, the Trump International Hotel and Tower on Palm Jumeirah and Nakheel's kilometre-tall tower are just three of Dubai's mega-developments that are delayed. Gulf News - 01Dec 06:46GMT

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The Toolbox

Video

Citigroup Report On Abu Dhabi Real Estate

Arabic language (0:27)
Citi Group report: Abu Dhabi real estate prices to suffer on long term - 01Dec

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Research

Abu Dhabi National Energy Company (TAQA)
Prime Securities - 01 Dec 2008

Prime initiates coverage on TAQA with a STRONG BUY recommendation and a target price of AED 2.23, representing a 70% upside potential to the current market price of AED 1.31. The company is expected to achieve FY08 net profit of AED 1,804 million, compared to AED 1,035 million for FY07. The stock is trading at a PE of 4.53x for FY08E.

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Radio

Nakheel Cuts Staff & Projects

Ryan Mahoney, MD of Betterhomes talks about the likely impact from Nakheel's decision to cut staff and slow down projects.
Dubai Eye - 01 Dec 2008

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Companies

Series of Unfortunate Events

Kuwait Airways Corporation has had a series of unfortunate events that stood in the way of its growth and recovery plans. Its latest plan to privatize through an IPO has been halted due to the current global financial crisis.

» Profile | Officers | News

Community Buzz

Stories in UAE

Most read stories by Community in the last 24 hrs

1	Abu Dhabi Eyes Stake In Emirates For Bailout Cash
2	Living the high life in 'new Dubai'
3	Dubai Property Giant Sacks 500
4	No driver's licence for 100 categories of UAE workers
5	Dubai Property Giant Sacks 500 As Crisis Bites
6	UAE: Better Homes Sacks 50 Workers
7	Salary Increases To Fall To 9% in GCC
8	Tameer To Lay Off Half Of Its Workforce
9	Good News Comfort Dubai Investors
10	Mega Projects In Dubai Likely To Face Some Delays

Companies in UAE

Most viewed companies by Community in the last 24 hrs

Company Name	Country	Industry
Aabar Investments	UAE	Investment Companies - Oil and Gas
Nakheel	UAE	Landlords and Developers
Abu Dhabi Investment Council	UAE	Investment Firms and Funds
Dubai Islamic Bank	UAE	Banking
International Petroleum Investment Company	UAE	Investment Firms and Funds
Abu Dhabi Investment Authority	UAE	Investment Firms and Funds
Jebel Ali Free Zone	UAE	Properties and Zones
Al Hilal Bank	UAE	Banking
Dubai Chamber of Commerce and Industry	UAE	Associations
Hydra Properties	UAE	Landlords and Developers

Projects

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Dubai RTA - Dubai Metro - Purple Line	UAE	Infrastructure
Emirates Aluminium (EMAL) - Smelter Complex	UAE	Industry
Qatar Foundation - Sidra Hospital	Qatar	Real Estate
IPIC - Abu Dhabi Crude Oil Pipeline (ADCOP)	UAE	Oil and Gas
KNPC - Al Zour Refinery	Kuwait	Oil and Gas
Qatalum Aluminum Smelter	Qatar	Industry
Abu Dhabi Municipality - Salam Street and Mina Road Development	UAE	Infrastructure
Nakheel - Dubai Waterfront	UAE	Real Estate
Ras Tanura Integrated Refinery and Petrochemicals Complex	Saudi Arabia	Oil and Gas
ADCO - SAS Field Development	UAE	Oil and Gas

Blogs

Most read blogs by Community in the last 24 hrs

1	It's not enough for Muslims to be revolted by terror
2	Off topic – The National - Human testing
3	How Does the Current US Recession Size Up?
4	A SWOT Analysis On Real Estate
5	No proxy for GCC single currency

Economy & Politics
$1tr Economic Bloc
GCC economies surged by about $90 billion in 2007 and are projected to gain $277bn this year to hit $1 trillion.

Financial Services
Revenues Lost
Plummeting equity markets, log-jammed credit business and real estate correction are combining to undermine banking fees.

Real Estate
Outstripping Supply?
Demand for residential units in Abu Dhabi will outstrip supply until the end of 2011 as the population grows and household size shrinks in the emirate, according to a new study.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Emirates Telecommunications Corporation	UAE	19,967
2	Mashreq	UAE	10,522
3	DP World	UAE	5,644
4	National Bank of Abu Dhabi	UAE	5,489
5	Emirates NBD	UAE	4,952
» View Full List

Related Information

Companies in UAE

Select from 2622 companies

EIU Research On UAE Economy & Sectors

Key Developments25Nov08

Business Outlook23Jul08

Background:

Country Fact Sheet25Nov08

Political Structure25Nov08

Demographic Profile23Jul07

Economy:

Economic Background07Oct08

Country Risk Summary25Nov08

Country Outlook19Nov08

Economic Structure25Nov08

Quaterly Economic Indicators25Nov08

5-Year Forecast Summary

25Nov08

Ten-year Growth Outlook23Jul07

Market Opportunities23Jul07

Manufacturing07Oct08

Operating Risk:

Overview31Oct08

Forecast Data08Feb07

» View Full Report

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