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HuaweiDUBAI — Dubai Islamic Bank, or DIB, announced on Monday a financing deal worth Dh790 million for Kharafi National, a Kuwait-based construction group with operations across the Middle East and Africa.
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DUBAI — Arabtec Holding, the biggest construction company in the UAE, said on Monday it has secured three projects, two in the country and one in Qatar, worth Dh1.36 billion as the builder continues to focus on overseas markets for its expansion.
ABU DHABI — Ministry of Finance Director General Younis Haji Al Khouri has shown his satisfaction over Dubai World’s debt restructuring offer, terming it “better than expected.”
DUBAI — The Dubai Financial Market’s General Index, or DFMGI, on Sunday hit a three-month high on Sunday as bullish investors backed Dubai World’s debt restructuring offer with further buying.
DUBAI — The Dubai Electricity and Water Authority, or DEWA, has signed a Cooperation Agreement with RWE Power AG, to consolidate the position of DEWA as a leading global utility provider.
DUBAI — Sixty-three per cent of professionals think Middle Eastern companies should start using psychometric testing in the recruitment of staff, the latest online poll series by job site Bayt.com show. 


DUBAI - Toshiba Elevators on Saturday outlined its plans to achieve a 100 per cent growth in turnover in the Gulf region in less than five years, its President and CEO Shunichi Kimura said.
DUBAI - Dubai continued to attract foreign investment as the licences issued by the emirate recorded a 34 per cent rise in February compared to the same month last year, a clear indication of the continued resilience of the economy of the emirate and improving investor confidence.
DUBAI - The Ras Al Khaimah Investment Authority, or RAKIA, one of the fastest growing free zones in the region, on Saturday announced that 2009 was a banner year with 880 onshore and 885 offshore licences issued.
DUBAI - The UAE Foreign Trade Minister Shaikha Lubna Al Qasimi, has underscored that the UAE is considered one of the advanced open-economy states, which adopts free market and fair competition principles.