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HuaweiDUBAI — Dubai shares kept their rising trend for a second consecutive day as rising oil prices and improving regional and global sentiment boosted buyers’ confidence, mainly in property stocks.
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DUBAI — Growth in UAE banks is likely to be challenged by tough funding conditions, including rising loan defaults and a marked increase in provisions for losses, but their profitability levels will continue to be attractive, Goldman Sachs said.
MUSCAT — Several leading companies from around the world have confirmed participation in the seventh Oil and Gas West Asia, or OGWA 2010, exhibition and conference here from April 11 to 13 next year, its organisers said.
DUBAI — Abu Dhabi Airports Company, operator of the country’s international airport in capital, on Saturday announced a 10.3 per cent increase in passenger traffic growth for July and attributed the rise to expatriate workers’ holidays.
DUBAI — Dubai Biotech-nology and Research Park, or DuBiotech, a major life sciences hub in the Middle East and a member of TECOM Investments, announced Amgen International, the world’s largest biotechnology company with an estimated market capitalisation of $65 billion, discussed expansion plans during a meeting of senior management members.
DUBAI — The Sharjah Economic Development Department, or SEDD, has signed a contract with an industrial services company for supply of liquid gas cylinders that comply with SEDD standards in order to meet market demand.
DUBAI — UAE-based Ducab, a leading manufacturer of high-quality power cables in the Middle East, has suffered an 18 per cent fall in sales during the first half, compared with the first six months of 2008, mainly due to less activity in real estate sector.
ABU DHABI — Hotels in the Middle East appear to be the least affected ones across the globe by the economic recession in the first half of the current year, indicates a latest study.
ABU DHABI — Fred Pals OAO Gazprom and Abu Dhabi National Energy Co., the state-controlled oil and natural gas producer known as Taqa, have signed an agreement for gas storage services at the Bergermeer storage site in 
the Netherlands.
DUBAI — The 8th edition of the Pakistan Business Directory UAE with 600 new entries of Pakistani businesses was launched in Dubai on Wednesday.