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Indian Banking Sector Set for New Growth Phase

DUBAI - The Indian banking sector, which has bucked the global financial market downturn with a better-than-expected performance, is headed for its next phase of growth with regulators easing licensing rules to attract more private players into the industry, says Dr V.A. Joseph, managing director of South Indian Bank (SIB).

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local business

Emirates Wins Gold Award

DUBAI — Emirates airline has added yet another honour to its roster by taking home a Gold Award at the Annual Air Cargo Excellence Awards at a recent ceremony at the Iata World Cargo Symposium in Vancouver, Canada, further reinforcing its position as a leader in the global aviation industry.

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local business

Dubal Posts Profits of Over Dh1b in 2009

DUBAI - Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the Board of Dubai Aluminium Company Limited (DUBAL), chaired the company’s General Assembly meeting which was held to review operational results and achievements for 2009.

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local business

US Hopeful of Future N-Deals with the UAE

ABU DHABI — Richard Olson, the US Ambassador to the UAE, said his country was optimistic that American companies would be able to get more opportunities in the future nuclear programmes of the UAE, which awarded the construction contracts for its first batch of reactors to a Korean 
consortium.

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