local business

Dubai Chamber workshop focuses on establishing commercial firms

DUBAI — In an attempt to acquaint the business community and new entrants with the UAE’s codified commercial law and related regulations, the Dubai Chamber of Commerce and Industry’s Legal Services Department in association with the Emirates International Law Firm (EIFL) organised a workshop on “Establishing Commercial Companies in the UAE” at the Chamber premises on Monday.

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Abu Dhabi foreign trade posts strong Q1 growth

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Abu Dhabi foreign trade posts strong Q1 growth

ABU DHABI - Re-exports from Abu Dhabi surged by an impressive 43.4 per cent in the first quarter of this year compared to the first quarter of last year, while non-oil export from the capital emirate rose by 4.1 in the same period, according to the latest bulletin issued by Statistics Centre- Abu Dhabi (SCAD).

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Middle East mergers’ value drops 38pc in H1

DUBAI - The value of mergers and acquisitions activity targeting the Middle East fell by 38 per cent in the first half of 2010 despite an 86 per cent increase in volume, highlighting the extent to which value has been stripped from deals in the region, according to a new report from M&A database Zephyr.

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Drydocks World builds second 3-D seismic vessel

DUBAI — Dubai, the region’s largest ship repair, conversion and new building yard and the flag ship operation of Drydocks World Group followed up its success in sophisticated building capability by building the seismic vessel NB65 for its client WesternGeco. A naming ceremony for the vessel, now called ‘WG Cook’ was held at the Dubai yard recently.

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