Abu Dhabi: Government sector employees will get a 10-day holiday starting December 2 on the occasions of the National Day and Eid Al Adha. "National Day and Eid Al Adha for Ministries and federal departments starts from Tuesday, December 2, until Thursday, December 11," according to a statement by the Civil Service Council.

Abu Dhabi: The private sector will get a one-day holiday on Tuesday, December 2, on the occasion of 37th UAE National Day. Saqr Gobash, Minister of Labour, issued a circular to this effect to concerned authorities. He congratulated President His Highness Shaikh Khalifa Bin Zayed Al Nahyan and His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and Their Highnesses Supreme Council Members and Rulers of the Emirates on the occasion.

The future of Dubai and UAE real estate will be more successful and solid than in previous years, due to lessons learned during the economic crash. Both developers and property analysts are keen to reassure investors that while days seem dark right now, next year will be bright. Many see last year's soaring prices and astronomical profits as symptoms of an immature market dominated by speculators chasing short-term gains. "Despite the excitement they generate, sky-high profits are both unsustainable and unhealthy. Ultimately, they create unrealistic expectations about future performance, especially because high prices hurt demand," Cliff Kelaita, chief executive officer and chairman of Landmark Properties, said in a memo to his clients.

Nakheel properties is a government owned Real Estate developer in dubai and the creator of some of the most iconic land reclamation projects including the Palm Islands, The World and Waterfront projects.
Nakheel last month also announced its tallest tower which will be larger than the current tower in Dubai the Burj Dubai, standing at two thirds of a mile high once completed, concreting its status in the UAE property markets as the largest master developer.
However due to the current financial situation the world over, Nakheel has announced that it has laid off 15% of its total workforce, equivalent to 500 employees. The decision follows the scaling back of projects due to current market conditions.

The shares of Emaar Properties, one of the biggest property developer in the Middle East is poised for a positive movement.Helped by the UAE government's various initiatives, Emaar shares on Thursday saw its best finish in nearly two weeks, ending up 9.76%, partially recovering from the steep loss it suffered earlier during the month.

For the widest choice of luxury villas, apartments and commercial spaces come visit the Kerala Property Expo at Al Boom Tourist Village, Dubai from 4th-6th December, 2008 from 10am to 8pm and at Hotel Le Royal Meridien, Khalifa Street, Abu Dhabi on 7th December from 2pm -8pm. The event is being organized by the Kerala Builders Forum.

The Indian Property Show opens at the Airport Expo Dubai from 4th-6th December 2008 from 11am to 10pm. Come and attend free seminars by leading industry experts. Seminars will begin at 5pm with Ajit Jakhadi, Advocate of High Court, followed by Pt Gopal Sharma - World renowned Vaastu Consultant at 6pm and soon after at 7 pm by International Property Guru - Sunil Jaiswal. Entrance is free and there will be free parking for over 4,000 cars.

In commemorate UAE's 37th National Day, Abu Dhabi's Emirates Palace is to host a world record breaking fireworks display on the 2nd December. The fireworks will begin at 20.30 Hrs, lasting for about 45 minutes and will be visible along the Abu Dhabi Corniche and across the Emirates Palace Marina. The hotel will also feature a Laser Display from the 1st of December to the 3rd.

UAE has started crude oil supply cuts after the agreement was reached with Opec. It was decided by Opec that its members should cut production by 1.5 million barrels per day,effective from November 1 in an effort to stop the fall in global crude oil prices.

Gulf shares showed a decline on Tuesday, led by Saudi Basic Industries Corp and banks as concern heightened that the deepening global recession will drive down commodity prices and weaken demand for Arabian Gulf exports. Saudi Basic Industries, the largest company in the Middle East by market value, fell for the first time in four days.

Shares in the UAE continued an upward climb from last week. The market felt reassured after the US government’s decision to bail out Citigroup. Real estate stocks of huge property developers like Emaar, Sorouh and Aldar saw a steady climb. This reflects a positive note on the real estate industry in the region.

Stock markets in the UAE will remain closed from 2nd to 10th December due to National Day and Eid Al Adha. Trading will retart on December 11.

The Banker Magazine has named the 'Emirates NBD', one of the largest banking groups in the Middle East, as the best bank in the United Arab Emirates (UAE).

The General Civil Aviation Authority (GCAA) of the UAE has signed a MOU with Qatar to increase the number of flights between the two countries. The MoU provides for an unlimited number of scheduled and unscheduled flights between Dubai and Qatar, 42 scheduled flights between Abu Dhabi and Doha, 10 scheduled flights between Sharjah and Doha and seven scheduled flights between Ras Al Khaimah and Qatar.