Articles from the author

As a key oil producer and exporter, high oil prices spell good news for the UAE – but that does not mean there is no commensurate increase in the prices of consumer items or essential commodities.

Buoyed by investor response and bullish prospects for mutual funds, NBAD is launching another fund, the NBAD Trading Fund, in the last quarter of this year.

Banksare awaiting directives as well as assurance from the Central Bank before restoring withdrawal limits, fearing they could lose more money in the ATM scam.

Emirates Authority for Standardisation and Metrology (ESMA) will make it mandatory for exports and imports to meet national and GCC product specifications and standards this year, officials announced yesterday.

Market Watch: Gold traders await holiday season

Intertec to shift focus to software solutions

Banks will soon be investing millions of dirhams to replace old and flawed ATMs in line with the recent Central Bank directives although most banks undertake this exercise incorporating latest technology on a regular basis, said bankers yesterday.

The sell-off and expansion of Abu Dhabi's fifth independent water and power project (IWPP), Al Mirfa, has moved forward with the appointment of technical, financial and legal consultants.

After long negotiations, claims of former BCCI (Bank of Credit and Commerce International) employees with the liquidators totalling some $45 million have been settled.

Hedge fund investors urged to be cautious

Esnaad to buy 21 ships

Airlines in the UAE continue to impose taxes and charges while justifying their stance, and travel agents and passengers bear the brunt by paying higher air fares which they consider unfair.