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Dubai Duty Free posts double-digit sales growth

2011-11-03 09:54:54 (читать в оригинале)

Dubai Duty Free achieved sales growth of 16 per cent as of the end of October. Sales, which reached Dh4.238 billion, are on track for the year-end target of Dh5.3 billion.

Some UAE banks file cases against mortgagors of foreclosed properties

2011-11-03 08:33:56 (читать в оригинале)

Some conventional and Islamic banks in the UAE have started filing cases against mortgagors of foreclosed properties in order to recoup their losses, 'Emirates24|7' has learnt.

EFG-Hermes: Sorouh Real Estate Company (02-Nov-11)

2011-11-02 18:52:00 (читать в оригинале)

We believe that the market behaved rationally, in our view, and did not send the stock down on the release date (shares appreciated by 1% on 31 October 2011), despite significant declines in further sessions in line with general market performance. We believe that the results reported by Sorouh in 3Q2011 were operationally strong, and we maintain our Buy rating, keeping our investment thesis unchanged. We favour the company?s investment properties portfolio and recurring revenue streams despite the weak medium-term outlook on its performance.

Mubadala Aerospace announces formation of leadership team for global MRO network

2011-11-02 18:42:08 (читать в оригинале)

Mubadala Aerospace today announces the formation of a senior leadership team for its global Maintenance, Repair and Overhaul (MRO) network, encompassing ADAT in Abu Dhabi and SR Technics, based in Zurich, Switzerland.

GIC: GCC Monthly Article (Nov-11)

2011-11-02 18:16:00 (читать в оригинале)

The overall outlook in the GCC economies remains positive, with growth rates averaging around 5.3% in 2011 and 4.9% in 2012. Depending on the levels of oil prices and the continuation of expansive fiscal standing, economic growth might maintain its current momentum or may taper off a little. As the fourth quarter of the year unfolds, the GCC banking system remains robust and largely stable, backed up by large deposits and a relatively weak credit growth. The 2008 financial crisis, coupled with the sovereign debt crisis and the Arab spring proved that GCC banks are generally resilient and well?capitalized helped by ample regional liquidity, fairly adequate regulatory supervision from the region?s central banks on top of government expansive fiscal measures and support. The downside is however in the slow expansion of credit growth by GCC banks.


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