ABU DHABI (Reuters) – UK lender HSBC Holdings , launched a 1 billion dirhams (169.4 million pounds) small and medium enterprises (SME) fund on Tuesday and said it sees loans to the sector in the United Arab Emirates growing by 20 percent this year . The lender is bullish on the SME sector despite...
Dubai's index eases 0.1 percent to 1,524 points, trimming year-to-date gains to 12.8 percent (read more…) – FINANCE
Real estate developer rides on revenue from gov't projects, higher rental income (read more here…)
The utility firm’s operating costs declined 25 percent (read more…) – FINANCE
(MENAFN) An official report showed that Abu Dhabi's hotel revenues grew one percent during the first quarter of 2012, Arabian Business reported. Abu Dhabi Tourism & Culture Authority said that … (read the story…) – BUSINESS
Qatar National Bank says it plans to raise its stake in Iraq's Mansour Bank to 51 percent, giving it majority control of the Baghdad-based lender. (read more…) – FINANCE
Dubai Group LLC, the investment company owned by the emirate’s ruler, proposed paying interest of 1 percent to 2.5 percent in a $6 billion debt restructuring proposal, three people familiar with the plan said. (read more here…)
There has been a 13 percent decline in traffic accident deaths among Emiratis in the first quarter of this year, a report has revealed. (read more here…)
Dubai plans to double the levy it charges on tobacco to 200 percent by August, Khaleej Times daily reported Thursday. (read more…) – FINANCE
Dubai's foreign trade has reached a record 1.1 trillion dirhams ($299 billion) in 2011, up by 22 percent from the previous year. (read more here…)
