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01 July 2024

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Nokia, Yahoo team up for more mobile ad revenue

Nokia Oyj and Yahoo! Inc have agreed to collaborate on mapping, e-mail and instant messaging services to spur revenue

Prices of precious and base metals set to remain strong

Even as crude prices are witnessing an erosion in confidence, markets of precious and base metals continue to remain

Oil income to help Saudis' personal wealth

Higher oil income will boost Saudi Arabia's personal wealth in 2010 after it tumbled by more than $4,000 (Dh14,680) in

Gold returns to top of DGCX trading chart

Gold dominated the trading charts of Dubai Gold and Commodities Exchange (DGCX) in the first week of this month in

Cement firms told to comply with new price structure

Action could be initiated against cement factories that fail to comply with the new price structure finalised by the

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ADX turns bearish with losses in most sectors

The Abu Dhabi Securities Exchange (ADX) faced downward pressures across the board yesterday, with loses in all sectors

Hot money flight valued at Dh44bn

Foreign banks pulled out of the UAE banking sector more than Dh44 billion in hot money last year after giving up hope

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Sovereign funds under scrutiny

Growing pressure on sovereign wealth funds to open their books and enhance transparency may force them to cut their

Foreign banks withdrew Dh20bn in the first quarter

Foreign banks repatriated nearly Dh20 billion from the UAE in the first quarter of this year after liquidity shortages

Government boosts deposits with banks

The UAE Government boosted its deposits with local banks by nearly Dh28 billion in March after a sharp decline in

Mena IPOs down 87% in first half of 2009

IPO activity in the Middle East and North Africa (Mena) declined by a staggering 87 per cent during the first half of

Sevens guide: All you need to know

Next weekend one of Dubai's biggest sport and social events – the Emirates Airlines Sevens – gets under way at its new