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HuaweiDUBAI — National Central Cooling Company PJSC, ‘Tabreed’ the Abu Dhabi-based utility company released its second quarter 2009 consolidated financial results on Wednesday.
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DUBAI - Bahrain-based Gulf Finance House, or GFH, which plans a capital increase of up to $300 million, missed analysts’ forecast and reported its third consecutive quarterly loss due to provisions and a slump in income from investment placements.
DUBAI — Dubai hotels continue to rack up decent sales despite the global economic slump, with the number of hotel guests in the first half of the year rising by 5 per cent from a year earlier, said the Dubai Department of Tourism and Commerce Marketing, or DTCM.
ABU DHABI — Abu Dhabi expects to welcome around 1.8 million “business tourists” this year, up 30 per cent from last year in spite of the recession. Officials in Abu Dhabi expect that visits from business people — business tourism — can contribute to the emirate’s efforts to diversify away from its oil-centered economy.
DUBAI — Sharjah-based Air Arabia, the Middle East’s largest low-cost carrier, is likely to choose Beirut as its third hub, an industry specialist said.
DUBAI — Moody’s Investors Service has placed four UAE banks under review for a possible downgrade due to the stiff challenges they face as a result of the economic slowdown and Dubai’s stressed property sector.
DUBAI — Donald Trump Junior, a real estate specialist — like his better-known father, is to deliver the keynote presentation at Cityscape Dubai 2009, to take place on October 5-8. He will address a range of issues including his forecast for recovery and existing market opportunities, Cityscape said on Tuesday.
DUBAI — Dubai Gold & Commodities Exchange, or DGCX, posted on August 7, its highest daily volume for all currency futures at 7,655 contracts worth $583.86 million.
DUBAI — UAE shares ended mixed on Monday, with blue chip stocks pulling up Dubai, but Abu Dhabi took a breather from recent gains.
ABU DHABI — Abu Dhabi-based Aabar Investments has signed a deal with the Algerian government to set up factories in that country to produce four-wheel-drive vehicles and engines, in a joint project with five German firms including MAN Ferrostaal AG and Aabar affiliate Daimler AG.