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TAQA Q3 Profit Down 87.5pc

ABU DHABI — Abu Dhabi National Energy Company, or TAQA, said that its net profit tumbled 87.5 per cent to Dh90 million in the third quarter from the Dh723 million it earned a year ago, due to continued instability in oil prices.
 Revenue from its oil and gas activities declined by 33 per cent to Dh1.5 billion, compared with Dh2.2 billion for the same period in 2008, as a result of the sharp fall in sales prices.

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Al Tamimi and Company Opens Office in Kuwait

DUBAI — Al Tamimi and Company, the largest independent law firm in the Middle East, has announced the opening of its latest office in Kuwait City, Kuwait. The firm now has 10 offices across the Middle East in Dubai, Abu Dhabi, Sharjah, Qatar, Iraq, Saudi Arabia and Jordan with 27 partners and over 164 lawyers in total.

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