Emaar Properties has used the Dubai Mall to secure financing from three UAE banks.

The UAE firmly believes that World Trade Organization member states must continue removing obstacles to trade to maintain the function of global commerce as an engine of growth, job creation, development, and poverty reduction, Her Excellency Sheikha L…

Her Excellency Sheikha Lubna Bint Khalid Al Qasimi, Minister of Foreign Trade, has held eight bilateral meetings with ministers from various countries and other dignitaries taking part in the World Trade Organization’s 8th Ministerial Conference in G…

Foreign companies setting up in specialised economic zones or making major investments in strategic sectors such as tourism and manufacturing may obtain full equity ownership, said Abdullah Al Saleh, Undersecretary in the UAE Ministry of Foreign Trade. His comments clarified a doubt on the draft companies law approved by the UAE cabinet last week. The law will allow the cabinet to issue a resolution specifying the types of businesses and sectors in which a foreign [...]

Some 80-90 consortia have been identified as qualified to bid for Qatar Railways Company (QRail) Doha Metro phase 1 projects, according to Arabian business.com Tenders for phase one of the Doha Metro project are set to be issued in the second quarter of 2012, the portal said quoting a senior QRail official. The company had originally planned to issue the first tender by the end of this year but delayed the process to complete more [...]

Qatar’s economic outlook for 2012 remains “positive” despite increased external risks, the International Monetary Fund said as it projected a 9% growth for the country’s non-hydrocarbon sector next year. Large infrastructure investment and increased production in the manufacturing sector will boost Qatar’s real non-hydrocarbon GDP growth, which will accelerate to 9%. http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=476373&version=1&template_id=57&parent_id=56

Qatar mobile phone customers will be able to switch operator while keeping their number by next summer, the Gulf state’s telecom regulator has said. Christa M Cramer, ictQATAR assistant secretary general, said initial plans to launch the number portability service by the end of 2011 had been delayed. “There is obviously a delay in launching mobile number portability in Qatar. We initially thought we could do it by the year-end,” she told Gulf Times. She said: “It [...]

South Korea’s Hyosung Corp said on Sunday its unlisted affiliate, Hyosung Power & Industrial Systems Performance Group, has signed a 270bn won ($233m) contract to build eight electricity substations in Qatar. Under the contract, Hyosung Power and Industrial Systems, a leading electrical equipment and industrial machinery provider, will build six 220-kilovolt and two 66-kilovolt electrical transformer substations by the end of 2013. Hyosung added the affiliate will be responsible not only for the construction but also [...]

DUBAI – The business community in the UAE is confident that a better year is ahead and a large number of employers have planned to increase manpower next year, according to an executive recruitment company.

DUBAI – The Saif Abdulla Al Ghurair Group plans to establish the UAE’s first brand in the retail sector and introduces a new chain of supermarket and convenience stores across the country.