|
Oil & Gas
 Gulf News Archive
Crude oil fell below $50 a barrel in New York for the first time in almost two years as a recession in the US, Europe and Japan cut global energy demand.
Markets
The recent market meltdown has resulted in heavy portfolio losses for companies in the Middle East and several UAE companies are also expected to book losses on their portfolios, according to a research report by Credit Suisse.
Banking and Finance
Bob Greifeld is chief executive officer of the Nasdaq OMX Group, the world's largest exchange company, and has a 20-year history in technology and created one of the first electronic stock order matching systems.
Markets
UAE shares fell on Thursday after mortgage lender Amlak Finance PJSC said it isn't granting new home loans, further undermining investor confidence in the region's real estate market.
Oil & Gas
Dubai oil retailers have decided to cut diesel prices by Dho.6o per gallon effective on Sunday to reflect the current downturn in international oil prices at the local pumps, an oil company executive and a pump attendant in Dubai told Gulf News on Thursday.
Banking and Finance
The newly established Dubai International Financial Centre (DIFC) Courts have jurisdiction over civil and commercial matters related to DIFC and have no power over criminal cases, officials clarified on Thursday.
Banking and Finance
Bahrain-based Addax Bank, in partnership with the premier international art fund manager The Fine Art Fund Group, announced the launch of a $35 million (Dh128.6 million) Middle Eastern Fine Art Fund.
|
Editorial/Business
Amlak must restart loans for home buyers otherwise there will soon be no customer left.
Columns/Business
Let wisdom not become the impractical ideal of a bygone era and allow insular standards of the harried worker to take its place.
|
|
