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HuaweiDUBAI — Standard Chartered Bank, Citibank and Blom Bank France are the latest international businesses to set up operations at Downtown Jebel Ali, global master developer Limitless announced on Tuesday.
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DUBAI — Gulf Technical Construction Company, the civil contracting subsidiary of Drake & Scull International PJSC, has been awarded a Dh250 million contract for KPM Tower in Dubai Marina.
DUBAI — The UAE’s annual inflation rate has turned negative for the first time since 1990, but falling prices for housing, food and other daily expenses may prove a mixed blessing for consumers.
ABU DHABI — The Abu Dhabi Tourism Authority (ADTA) works with airlines and travel agents to promote Abu Dhabi in international markets and to raise its profile as a cultural and leisure destination. The authority also coordinates growth and development of the emirate’s tourism facilities and services, including the construction of hotels and regulation of hotel 
standards.
ABU DHABI — Abu Dhabi-based business airline Royal Jet has received a 15 per cent rise in bookings for the current summer compared to the same period last year.
DUBAI — The National Bank of Fujairah, or NBF, posted a 60.4 per cent drop in its net profit in the first half of 2009 as the bank made huge provisions for loan losses. The bank’s net income in the first half plunged to Dh60.7 million, compared to Dh153.5 million from the year before.
DUBAI — For Emirates NBD, the recession has driven home a useful lesson: Old-fashioned retail banking, modernised for 21st century lifestyles, is the surest path to profit.
ABU DHABI - The contracting sector in the Emirate of Abu Dhabi has witnessed a major development during the first half of this year as the number of contracting companies and consultancy offices that have been classified and registered by the Department of Economic Development in Abu Dhabi (DED) has risen 50% for contractors and 47.8% for consultants compared with the same period last year.
DUBAI - Aabar Investments plans to take a 32-percent stake worth $280 million in Virgin Group’s space travel unit Virgin Galactic, in Abu Dhabi’s latest effort to lure tourists and diversify away from oil.
DUBAI - Unexpectedly strong second-quarter results and a surge in property stocks led by Emaar Properties helped the Dubai bourse to close with its biggest one-day gain since late February.