SMEs in UAE need more funding support

Dubai: SMEs (small and medium-sized enterprises) in the UAE are concerned that not enough bank loans are available to them and at affordable prices.

Dh250m Dubai fish market to open in 2014

Dubai: The tradition of fishing has been deeply rooted in the UAE’s culture as sailors traded for centuries between the Arabian and Indian seas, and that tradition will remain alive for generations to come with the launch of the new fish market in 2014.

UAE: No major issues from biggest cyber attack in history

Dubai: Although internet users in the UAE are facing a slower connectivity to the world wide web, it is really difficult to say that the slowdown is purely due to the biggest cyber attack in history, industry experts told Gulf News.

Facebook newsfeed changes important for marketers

Dubai: Facebook recently announced the change of their newsfeed design whereby users can switch to the new layout optionally until it is implemented for all users in the coming weeks.

Indian Finance Minister P. Chidambaram reassures UAE investors

Dubai: While acknowledging that there is slowness in decision making and bottlenecks that deter foreign investors, Indian Finance Minister P. Chidambaram said on Thursday that the government of India, while taking the necessary steps to expedite the sanctioning of infrastructure projects that requires massive funding, is also totally committed to guarantee the security of foreign investments. “Whatever may be our obligation, we will never, never compromise on the integrity of the [foreign] investment…our word here is our honour,” Chidambaram said at a private meeting of a select group of Emirati and Indian investors in Dubai with an aim to boost capital flows into Asia’s third-largest economy.

Saudi oil production projected to decline

Dubai: Top oil exporter Saudi Arabia’s average crude production may fall by 400,000 barrels a day in 2013 as the country curbs supply to meet the Organization of the Petroleum Exporting Countries’ (Opec) output target, according to the kingdom’s largest unlisted lender, National Commercial Bank.

UAE strong despite global challenges: Shaikh Ahmed

The UAE has once again emerged as a leader, with an economy that proved to be strong and resilient in spite of the challenges that continue to arise from the global economic pressures, said Shaikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD.

Reebok writedowns hit Adidas results

Berlin: Adidas, the world’s second largest sports apparel firm, reported an unexpected loss in the fourth quarter due to writedowns linked to the weak performance of its struggling Reebok brand in the United States and Latin America.

10 million Dubai visitors in 2012 a record

Dubai: Dubai welcomed a record over 10 million visitors in 2012, marking a 9.3 per cent jump from the previous year, boosting hotel revenues by 18 per cent to Dh18.82 billion in the period (Dh15.97 billion in 2011), the Dubai Department of Tourism and Commerce Marketing (DTCM) said in a statement on Thursday.

Toyota recaptures the world's biggest automaker crown from General Motors

Tokyo: Toyota and Nissan on Monday posted record sales for 2012 as the Japanese car giants benefited from a pick-up in demand, with Toyota recapturing the world’s biggest automaker crown from General Motors.