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“It's pretty fair to consider Dubai an investment grade credit at the BBB- or even a BBB level,” Luis Costa, an emerging-market debt strategist in London, said in a telephone interview.
Continue reading...Monday, October 26, 2009
Most Gulf Arab markets rallied yesterday, with Dubai surging to its biggest one-day gain in more than four weeks, but Kuwait's bourse sagged as mobile firm Zain plummeted and banks suffered from poor earnings results.
Continue reading...Monday, October 26, 2009
However, it is a different story for the city hotels where a tidal wave of new room inventory is keeping the market under pressure, making life for the new entrants and old favorites equally difficult. At the same time Dubai exhibition ...
Continue reading...Saturday, August 22, 2009
The nominations for the Abu Dhabi Awards, which recognise the unsung heroes of the community, are scheduled to open on August 30, officials have announced. Initiated in 2005 by the Abu Dhabi government, the awards are conferred on citizens and r
Continue reading...Saturday, August 22, 2009
Tourist movements and hotel occupancy levels in Dubai kept up the tempo during the second week of August. Five-star beach hotels recorded 97 per cent occupancy, while five-star city hotels recorded occupancy levels of 76 per cent during the sec
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Monday, October 26, 2009
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