Latest Business News

Nakheel cuts 500 jobs and scales back some Dubai projects UAE stock markets closed from December 2-10 Time ripe for realty mergers Mega projects likely to face some delays No merger with Etihad, Emirates says UAE financial markets rally on the back of positive forecast from US UAE construction outlook still optimistic despite global crisis China risks losing edge in global trade Kuwait fund will have big volume Microfinance still untapped in Arab world Morgan Stanley reduces its workforce at Dubai financial centre Hospitality revenue grew in '08 but future may show decreases Noor Islamic Bank opens new branch Struggling rupee takes another blow WTO chief plans December Doha agreement to fix global turmoil Drought wreaks havoc with Iran's saffron output Newly unemployed 'must lower salary expectations' Opec to cut output by good amount in Algiers Kuwaiti firm gets licence to operate as bank Solanki Holding to invest Dh12b in real estate development