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HuaweiDUBAI - Nestlé Middle East, which sold products worth $1.4 billion last year, expects a double-digit growth in 2010 revenues, its chairman and chief executive officer Yves Manghardt said.
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DUBAI - Dubai-based Al Habtoor Leighton Group is eyeing expansion into Kuwait, Oman and Libya this year shifting its focus from the United Arab Emirates (UAE), and sees its order book rising 36 per cent over 12 months, an executive said.
DUBAI — A possible consolidation is being discussed between the owners of Dubai Financial Market and Abu Dhabi Securities Exchange, DFM Executive Chairman Essa Kazim said.
SHARJAH — The 28th edition of MidEast Watch & Jewellery Show which opened on Tuesday, will help boost gold sales in the UAE as it attracts wholesalers and end-users from across the region.
DUBAI — Driven by a rebound in tourist arrivals, consumer spending in the UAE is showing resurgence after a slump in 2009, said Denzil Lawson, general manager for MasterCard Middle East.
ABU DHABI — Abu Dhabi Commercial Bank (ADCB), one of the region’s most exposed lenders to Dubai World, said on Tuesday Dubai’s $9.5 billion rescue plan for the conglomerate is “extremely positive.”
ABU DHABI — The total size of UAE’s non-oil foreign trade shrunk four per cent in January 2010, as imports plummeted ten per cent, exports showed strong growth of 21 per cent, and re-exports expanded by nine per cent, the statistics reveals.
ABU DHABI — The total size of UAE’s non-oil foreign trade shrunk four per cent in January 2010, as imports plummeted ten per cent, exports showed strong growth of 21 per cent, and re-exports expanded by nine per cent, the statistics reveals.
DUBAI — UAE bourses showed mixed trends on Monday as Dubai Financial Market failed to sustain the rally and fell into negative columns with lower trading volumes while Abu Dhabi Securities Market moved slightly up.
DUBAI — US buyout firm The Carlyle Group acquired a 30 per cent stake in Saudi Arabia’s General Lighting Company, or GLC, the kingdom’s largest lighting fixture manufacturer, to mark its investment debut in the Gulf.