Waha gets first two AHT vessels

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Dubai, Aug 4, 2009 (WAM) - Waha Maritime, a subsidiary of Abu Dhabi's Waha Capital, yesterday announced taking delivery of its first two anchor handling tug (AHT) vessels.

Rent decline takes a breather in Abu Dhabi

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Abu Dhabi, Aug 4, 2009 (WAM) - The declining trend in apartment rents in Abu Dhabi, prevailing in the first half of this year, paused in July, according to a survey by the Khaleej Times and Asteco,

Hotel rates capped for Grand Prix

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Abu Dhabi, Aug 4, 2009 (WAM) - Tourism chiefs have intervened to cap hotel room rates during the Abu Dhabi Grand Prix, amid fears that prices could have otherwise spiralled out of control according

Weather disrupts shipping

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Dubai, Aug 3, 2009 (WAM) - Shipping was hampered as a blanket of dust enveloped the country, sending scores of people to the doctor with complaints of eye and nose irritation.

UAE insurance industry to cool down

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Dubai, Aug 3, 2009 (WAM) - The UAE insurance industry’s scorching growth rate will cool somewhat in coming years, though annual double-digit increases in premium income should continue until at lea

Land transactions in Dubai top Dh150.65m

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Dubai, Aug 3, 2009 (WAM) - The total value of land transactions in Dubai on Sunday peaked at 150.65 million, of which sales exceeded Dh123.11 million.

Ajman sees 20% drop in H1 residential rents

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Residential rents in Ajman have dropped by 20 per cent in the first half of 2009, and may fall further as new supply enters market in the short term, according to a new report.

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