Business Blog

Dubai house prices to rise again in second half of 2014: Knight Frank

After rising by the most in the world for a year, prices of Dubai's prime residential property grew by just 1 per cent quarter-on-quarter in the first three months of 2014.

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Nakheel to repay entire debt four years ahead of time on the back of Dubai handovers

Dubai developer Nakheel will repay all AED 7.9 billion owed to bank lenders with an early repayment in August 2014, nearly four years before the final loan instalment due in March 2018, the company reported in a media statement.

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Saudi Arabia has highest number of active Twitter users in the Arab world

Saudi Arabia has 2.4 million active Twitter users, the highest number in the region, according to a survey issued on Wednesday

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Italy leads challenge to Moscow sanctions

Italy will seek to curb US and German attempts to broaden the scope of sanctions against Russia at an EU summit on Friday

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LG’s G Watch to be available in UAE before September

LG’s G Watch, which was unveiled at the developer conference, running on the latest Android Wear will be available in the UAE before September, said a top official.

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Nikkei falls to 1 1/2-week low on U.S. growth concerns

TOKYO, June 27 (Reuters) - Japan's Nikkei share average fell to its lowest in 1-1/2 weeks on Friday as investors took profits, while overall sentiment suffered from brewing concerns over a weak U.S. economy and the yen's strength. The Nikkei...
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