Zawya.com - Top Regional News
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UAE: Hotels To Drop Rates By Up To 60% For DSF
Hotels in Dubai will offer discounts of up to 60 per cent on room rates besides a 25 per cent reduction in food and beverage prices from mid-January until mid-February to mark the Dubai Shopping Festival (DSF).
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UAE: Hotels To Drop Rates By Up To 60% DSF
Hotels in Dubai will offer discounts of up to 60 per cent on room rates besides a 25 per cent reduction in food and beverage prices from mid-January until mid-February to mark the Dubai Shopping Festival (DSF), the emirate's Department of Commerce and Tourism Marketing (DTCM) said.
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Confusion Over Dubai Rent Cap Expiry
Tenants in Dubai are concerned that this year's rent cap has not yet been announced, despite the current one due to expire as we enter 2009.
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UAE Real Estate Set For Reforms
Last year started off with a bang in Dubai's real estate sector, with sky high sale prices and rents, and a series of attention-grabbing projects in the pipeline.
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UAE: Crisis To Affect Consumer Spending
The global economic downturn has already impacted consumer spending in the UAE and will continue to do so in 2009, a market watcher has said.
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Investors Cry Foul Over Dubai Property
Complaints by investors and buyers are piling up against brokers and developers as Dubai's real estate market enters the New Year.
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UAE To Ban Some Expats From Bringing Families
Some foreign workers holding low-paid jobs in the United Arab Emirates will be banned from bringing over their families to the Gulf state under new visa regulations, a newspaper reported on Thursday.
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Oman Targets $2B budget Deficit In 2009
The sultan of Oman said the government is forecasting a budget deficit of 2.1 billion dollars in 2009, based on expected revenues of 14.6 billion and an average crude oil price of 45 dollars a barrel.
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Gulf Stocks Plummet In Turbulent Year
Stock markets in the Gulf states Wednesday ended 2008 sharply lower as the energy-dependent economies were battered by the global financial crisis while oil prices plummeted.
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Iraq Offers New Intl Tender For Oil, Gas Fields
Iraqi Oil Minister Hussein al-Shahristani announced a new international tender for development of 11 oil and gas fields in a bid to ramp up the nation's lagging oil production.
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UAE Cabinet Approves Dh42.2 Billion Annual Budget
The UAE Cabinet has approved Dh42.2 billion annual budget for 2009. This is an increase of 21 per cent to the 2008 budget.
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Egypt Cancels New Year's Eve Celebrations
Egypt has canceled official New Year's Eve events in solidarity with the suffering of the Palestinians being "massacred" in Gaza, the state-owned Al-Ahram daily reported on Wednesday.
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Israel Rules Out Temporary Truce In Gaza Assault
Israel ruled out a temporary truce in Gaza on Wednesday, saying it would only mull a permanent ceasefire as jets pounded Hamas targets for a fifth day and the Islamists pummelled Israel with rockets.
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ICD Now Owns Emirates Group
Emirates Group confirmed that its ownership has been transferred from the Government of Dubai to the Investment Corporation of Dubai (ICD) as per a decree issued by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
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GCC: Salaries May Rise, But Not As Much
Salary increases across the GCC countries are predicted to show a downward trend in 2009 as many firms across the board are viewing salary rationalisation as a cost cutting solution in the backdrop of the economic meltdown, a research report by a Kuwait-based firm said.
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'UAE Should Speed Up Process To Impose VAT'
The UAE Government should speed up the implementation of value-added tax (VAT) in order to deal with the liquidity crunch and the expected fall in the country's GDP, said a financial expert.
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Dubai Cancels New Year Celebrations
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has ordered the cancellation of all forms of celebrations marking the New Year in Dubai emirate, as an act of solidarity with the Palestinian people.
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Rera Sets Payment Rule In Dubai
Starting from January 1, 2009, developers and banks in Dubai have been ordered to stop taking payments more than 20 per cent of the cost of properties from buyers or investors until construction begins, a Real Estate Regulatory Agency (Rera) official has revealed.
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Moody's UAE Ratings Top Despite Weak Oil
International credit ratings agency Moody's assigned its top sovereign rating for the UAE despite the recent steep decline in international oil prices.
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World Powers Struggle To End Gaza Fighting
World powers struggled Tuesday to find ways to press Israel and Hamas to end their conflict despite widespread anger over the mounting toll.
Zawya.com - Top Regional News
