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HuaweiABUDHABI — Abu Dhabi National Energy Company, or TAQA, saw its net profits growing 618 per cent to Dh287 million in the first quarter of the year, compared with Dh40 million in the correspionding period as revenues from oil business boosted the earnings.
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DUBAI — UAE bourses on Wednesday reversed the bearish trends and turned positive in thin trade. Dubai Financial Market’s General Index, or DFMGI, rose for the second time during this week on positive developments in property sector following Nakheel statement on its sukuk payment.
DUABI - The first trade licence for business operations on The World islands project in Dubai has been granted to Kleindienst Group, owner and developer of The Heart of Europe project on The World.
DUBAI — Union Railways Co,, which is to develop the 1,500-kilometre railway across the UAE, said it plans to open the $11 billion project to interested bidders in the next
two months.
DUBAI — Etihad Airways has appointed Roy Kinnear as the new Senior Vice-president of Etihad Crystal Cargo, replacing Executive Vice-president Des Vertannes, who is leaving Etihad to take up a senior role with IATA as Global Head of Cargo.
DUBAI — Emirates SkyCargo has been voted Cargo Airline of the Year – the highest accolade at the prestigious Cargo Airline of the Year Awards. This is the sixth time the cargo carrier has won the award in its 25-year history.
DUBAI — UAE bourses on Tuesday took a U-turn as investors squared off their positions in thin trade. Longer-term investors and institutions stayed away from the market as excitement over $1 trillion plan fades and new debt fears jolted global stock markets.
DUBAI - Korath Holding, one of the oldest business groups in the UAE, said on Monday that it would invest Dh1 billion over three years to set up a retail network under the brand KM.
ABU DHABI - The Minister of State for Financial Affairs Obaid Humaid Al Tayer has said that the Debt Management Office (DMO) will be established in the country this year, after the public debt law is promulgated.
DUBAI - Al Futtaim Motors, the UAE distributor for Toyota and Lexus vehicles, on Monday announced that it has restarted sales of Lexus and two Toyota Prado models, following weeks of sales suspension due to software stability issues.