Business and economy in Dubai
Business in Dubai Although built on the back of oil revenues, 94% of Dubai’s revenue is now earned from other sources. Trade, import-export and financial services now form the cornerstone of Dubai’s economy, with IT also becoming an increasingly important contributor. The economy of Dubai Dubai had been enjoying a decade long period of boom [...]
Roller coaster week for Dubai shares – better times ahead?
Well, all in all a very interesting week on the Dubai stock markets. Monday’s suggestion by Omar bin Sulaiman, a government official serving on the Dubai crisis committee, that the state might provide further help to the struggling construction and property sectors gave the markets a lift. Following months of predictably steady decline, this news [...]
Dubai shares lose ten percent in a week
Dubai’s economic woes continue. Despite a 0.73 percent rally on Friday, Dubai’s main stock index lost over ten percent of its value in the last week closing at 1,472.82. Emaar and Emirates NBD performed surprisingly well, but there were more losers than winners. Dubai’s stock market is pretty much mirrored by Abu Dhabi’s. See khaleejtimes.com [...]