local business

Etisalat chairman gets ‘personality of the year’ award

DUBAI — The jury of Business Leaders Summit selected Mohammed Omran, Chairman of Etisalat, as Personality of the Year 2010 for being an excellent role model for other business leaders. The award comes also to recognise his great efforts in developing the telecom sector across the Middle East, Africa and Asia and for his leadership of Etisalat.

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DED, SCA in deal to strengthen licensing procedures

DUBAI — The Emirates Securities and Commodities Authority (SCA) and the Dubai Department of Economic Development (DED) have signed a memorandum of understanding (MoU) to co-operate in the inception of public joint stock companies, and simplify, facilitate and develop the necessary procedures for the licensing of securities companies in Dubai.

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local business

DFM Q1 profit falls 8pc

DUBAI — Dubai Financial Market Company (PJSC), the only bourse operator in the Arab region, on Saturday announced a first-quarter profit of Dh53.6 million compared to Dh58.5 million in same period last year, reflecting an eight
per cent decline.

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