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HuaweiDUBAI — Union Properties’ shares on Monday plunged by 9.6 per cent to Dh0.94, bringing its losses this week to more than 18 per cent after the company posted a second quarter loss of Dh227.95 million, with investors getting jittery about the developer’s fragile financial health.
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DUBAI - Eros Group, one of the leading players in consumer electronics, telecom and allied multi-products in the Middle East, announced the official launch of their new brand identity.
DUBAI - Dubai residential property prices fell by 24 per cent in the second quarter compared to the first three months of the year. However, the number of sales and rental transactions has remained steady over the two quarters,...
ABU DHABI - Thuraya Telecommunications Company has launched what it claims is the world’s toughest satellite phone, the shock-proof and water-resistant Thuraya XT.
DUBAI — A surplus of supertankers competing to ship two million-barrel consignments of Middle East crude shrank for a second week as oil companies increased the number of ships they hire to load at the region’s ports.
DUBAI — Dana Gas, an Abu Dhabi-listed firm, declared a second quarter net profit of Dh392 million, an over 11-times increase compared to the Dh34 million in 2008, after making a stake sale of its Iraqi unit. The company, which has a cash balance of about Dh1.1 billion, said it would “pursue” asset and corporate acquisitions in the second half of 2009 in the Gulf Arab region and North Africa.
DUBAI — With a capital injection of Dh30 million, Al Farooj has unveiled its GCC-wide expansion plan. This was announced on the occasion of the opening ceremony of the company’s two new outlets in Sharjah.
DUBAI — SAS, a leading provider of business intelligence and analytic software and services, has announced that it will continuously support the ‘green’ momentum in the Middle East, through its ‘SAS for Sustainability Management’ solution — a powerful tool that is based on the SAS Business Analytics Framework.
DUBAI — The Mohammed bin Rashid Al Maktoum Foundation has launched a training programme in Bahrain to develop the entrepreneurship skills of young Bahrainis and help them identify market needs, acquire an understanding of best business practices, and plan and draw strategies in line with market evolution.
ABU DHABI — Bank of Baroda, the only Indian bank which has full-fledged branches in the UAE, has launched initiatives to facilitate two-way flow of investments between India and 
the UAE.