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HuaweiABU DHABI — Agthia Group, a leading Abu Dhabi-based food and beverage group has decided to set up a frozen baked product plant in the capital emirate.
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DUBAI — Dubai Financial Market (DFM) announced has appointed Standard Chartered as a Settlement Bank. With this appointment, Standard Chartered will be maintaining DFM member’s cash accounts used to settle payment obligations associated with transactions executed on DFM.
DUBAI — Dubai shares increased to the highest level this month, leading gains in Gulf markets, as the International Monetary Fund raised its global growth forecast, oil gained and Drake & Scull International won a contract.
DUBAI - Syndicated loan activity in the Middle East saw a substantial drop in the second-quarter with volumes slumping to $3.3 billion, compared to $9 billion in the first quarter, data from Thomson Reuters showed.
DUBAI - Drake & Scull International (DSI), on Wednesday secured a second major contract in Saudi Arabia this week.
DUBAI - Auto imports in the UAE showed indications of rebound in early 2010 and the trend is expected to continue during rest of the year, according to a recent study.
DUBAI - Foreign direct investments (FDI) from the six-member GCC into the European Union jumped €2.3 billion to €63 billion in 2008, according to latest figures from the EU’s statistical office Eurostat.
DUBAI - Hotel occupancy rate in Sharjah recorded a steady growth during the first five months of the year that demonstrates the resilience of the emirate’s tourism sector.
DUBAI - Coral Hotels and Resorts has entered in to an agreement with Al Fanar Group to manage the group’s new hotel in Jeddah.
DUBAI — The Dubai Export Development Corporation (EDC), an agency of the Dubai Department of Economic Development, revealed that the value of top plastic films —Polypropylene, PET, and PVC — exported by Dubai in 2009 was valued at Dh304 million, according to its Plastics Films, Production and Export Capabilities Report for 2010.