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HuaweiABU DHABI — Aldar Properties has incurred a net loss of Dh314.2 million in the first three months of this year compared to a net profit of Dh888.6 million during the first quarter of last year.
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DUBAI — Dubai’s benchmark index climbed the most in almost three weeks on reports that state-owned Dubai World’s talks with creditors to restructure terms of $24.8 billion of debt are progressing.
ABU DHABI — Union National Bank reported an increase of 25.1 per cent in profit to Dh380.3 million for the first three months of the year.
DUBAI - Dubai Knowledge Village (DKV), the region’s premier destination for human resources management and a member of TECOM Investments, on Wednesday announced that 75 new regional and multinational companies joined the cluster in 2009.
DUBAI — Abu Dhabi-based food and beverage company, Agthia Group, which on Wednesday reported its financial results for the first quarter, said its sales rose while net profit fell compared to the same period last year.
DUBAI — Dubai Airports on Tuesday released traffic results for Dubai International which show passenger numbers rose 21.8 per cent to reach a record 3,968,672 in March, compared to 3,259,072 recorded during the same period last year.
ABU DHABI — Abu Dhabi Commercial Bank, or ADCB, the country’s third largest banking institution, reported a 36 per cent drop in profit to Dh225 million in the first quarter of the year, due to impairment charges on the loan and investment book.
ABU DHABI — Abu Dhabi Securities Exchange has signed a Memorandum of Understanding with its Turkish counterpart, Istanbul Stock Exchange, to look into the prospects of launching joint indices, dual listings and creation of new instruments.
SHARJAH — The UAE Economy Minister Sultan bin Saeed Al Mansouri lowered the country’s economic growth forecast for 2010 to 2.5 per cent from 3.2 per cent, and said inflation is seen at 2 per cent.
DUBAI — Flydubai, the first government-owned low-cost carrier, on Monday announced a new route, Latakia, a Syrian city, that the airline will serve from June.