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Etihad to Add 3 Aircraft

ABU DHABI - Etihad Airways will add three new aircraft to its fleet and open three new routes in 2010. This will push up the fleet strength of the airline to 55 and the number of routes to 57, said James Hogan, Chief Executive Officer, said.

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MoFT to Attend Seven Int’l Fairs in 2010

DUBAI - The UAE Ministry of Foreign Trade, or MoFT, is preparing for the UAE’s inclusion in several international trade fairs throughout the year as part of efforts to strengthen the presence of UAE products and services in foreign markets, access new markets, and increase foreign investments in the UAE.

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local business

UAE Top Logistics Hub in the Gulf

DUBAI — The World Bank has placed the UAE as the best performing trade logistics service-provider in the Gulf region. According to its Logistics Performance Index (LPI) survey, conducted every two years, the UAE scored 3.63 points, ranking 24 among 155 countries across the world, and leaving other Gulf countries far behind.

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Arabtec Shareholders may Gain from Aabar Offer

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Arabtec Shareholders may Gain from Aabar Offer

DUBAI — Aabar’s potential acquisition of a majority stake in Arabtec can add significant value to shareholders of the construction firm through fundamentally improving the outlook for backlog, market share, stock valuation and earnings, Swiss investment bank Credit Suisse said in a research report.

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