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• Dubai market retreats; Gulf stocks drop further
  Gulf shares declined and Dubai's benchmark index retreated for a seventh day on concern a drop in property prices may extend into next year, worsening an economic slump.
• Central Bank announces swap plan
  The UAE Central Bank said yesterday its board of directors have resolved to provide swap facilities (dirham/US dollar) to banks operating in the country.
• All tenancy contracts must be registered - Rera
  All Dubai tenants must register their tenancy contracts with Real Estate Regulatory Authority (Rera), whether independently or through an agent, a top official said, without giving a deadline.
• UAE shares fall for fifth successive day
  UAE shares fell for the fifth successive day, with the Dubai benchmark sliding almost five per cent to bring it down to a fresh four-year low as investor sentiments on real estate and banking continue to be grim.
• Dh200b withdrawn from UAE banking system since crisis hit
  Almost Dh200 billion has been withdrawn from the banking system in the UAE after speculation that the dirham's peg to the US dollar will end and other overseas investors pulled out to cover positions in their home countries after the global financial crisis set in, a top Dubai government official said here on Wednesday.
• Authorities step up tourism drive
  Tourism officials in Dubai and Sharjah are stepping up their marketing efforts to minimise the impact of the global economic slowdown on the hospitality sector in their respective emirates.
• Monetary union may be waylaid
  Gulf Arab leaders, meeting next week to sign key monetary union accords, are likely to be sidetracked by the urgent need to restore investor confidence amid an oil price slump and stock market rout.
• Sharia-compliant health insurance plan launched in UAE
  Dubai Islamic Insurance and Reinsurance Company (AMAN) has launched a health insurance scheme in the UAE.
• Feeling the pinch of the credit crunch
  French children are famously well-dressed. To visit France is to understand why, given the preponderance of shops dedicated to neatly-tailored, coordinated children's wear.
• Opec strategy should go beyond increasing or decreasing production
  In less than six months, oil prices have fallen by more than $110 (Dh403.7) from their peak above $145 in July to almost $37 per barrel this week.
• The audacity of thinking big
  Ninety nine stores supporting 99 villages is Thomas Lundgren's 2020 vision for his Dubai-based company, The One Total Home Experience.
• Map of the global food crisis
  Click and hold your mouse button on the map to move around the world and use the + and - buttons to zoom in and out. Click on the icons for more details on key events and to read articles related to them.
• Cabinet approves economy ministry's structure
  The UAE Cabinet has approved the new organisational structure of the Ministry of Economy (MoE), which complements the ministry's Strategic Plan 2008-10.
• US woes send oil prices tumbling
  More bad economic news from the US sent oil prices tumbling yesterday, with a barrel of crude briefly fetching less than $37 (Dh135.8) in thin Christmas Eve trading.
• French businessman who invested with Madoff commits suicide
  A New York-based money manager who may have lost $1.4 billion of client funds invested with Bernard Madoff apparently killed himself in his Madison Avenue office, officials said.
• UAE buys Patriot missiles
  The United Arab Emirates is the first Middle East customer to buy Lockheed Martin Corp's Patriot Advanced Capability-3 (PAC-3) missile programme, the company said on Tuesday.
• Duped Al Barakah investors offered a deal
  Investors in Al Barakah projects are to be offered two options in an attempt to solve the current issues with the company, the company's legal adviser says.
• Manufacturing sector in UAE remains strong
  Amid the global financial crisis, the UAE manufacturing sector grew at a rate of 15 per cent in the first three quarters of 2008 - a phenomenon that is pushing a growing number of existing companies and new investors to take advantage of Dubai's business-friendly environment, according to experts.
• Baniyas Investments names new Chief Executive Officer
  Baniyas Investments and Development Company (BID), majority-owned by Bani Yas Sports Club, yesterday said it had appointed Wael Tawil as its chief executive.
• Asian stocks stumble over news of deepening US recession
  Asian stocks stumbled on Wednesday after downbeat data about the US economy showed the recession there was deepening.
• UAE stock markets plunge for fourth straight day