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HuaweiDUBAI - Dubai-based Vox Spectrum, an international technology and telecom group of companies, expects 300 per cent revenue growth in 2009 in spite of global downturn, its Chief Executive Officer Vinod Krishnan said.
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DUBAI - Dubai Multi Commodities Centre, or DMCC has begun exploring opportunities to strengthen ties with Angola in the area of diamond trade. Dubai’s delegation comprising Ahmed bin Sulayem, Executive Chairman of DMCC, Peter Meeus, Chairman of Dubai Diamond Exchange and Paul Motmans, an expert on the Angolan economy, met with senior government officials of Angola at a high-profile dinner meeting in Luanda, Angola, earlier this month.
DUBAI - TechnoPark, the science and technology facilitator of Economic Zones, World announced that it has signed a land lease agreement with First Sea Mining Factory LLC to be built in TechnoPark.
DUBAI - Four European states and Gulf Cooperation Council, or GCC, nations have signed a free trade agreement to further increase the volume of bilateral trade and investment.
DUBAI - Globelink West Star Shipping , one of the region’s leading freight forwarding and logistics service provider, opened its second logistics facility in Jebel Ali South Zone.
DUBAI - Jebel Ali-based Maxx Logistics, one of the leading 3 PL providers in the region, plans to continue its expansion despite the global economic crisis. The company recently opened a new Dh50 million plus multi-purpose logistics facility in Jebel Ali Free Zone, further consolidating its Middle Eastern operations.
DUBAI - Standard & Poor’s Ratings Services assigned its ‘AA’ senior unsecured debt rating to the upcoming $3 billion medium-term note programme to be issued by Cayman Islands-registered special-purpose vehicle TDIC Finance Ltd. The same rating will apply to all issues under the programme, the rating agency said in a Press statement.
DUBAI — The world of Middle East oil deals will be thrown open in Baghdad next week when a contract auction is broadcast live, shining a spotlight on big oil dealmakers that prefer to stay behind the scenes.
DUBAI — Despite the overall overall improvement in sentiment pushing up the Dubai Financial Market, the bourse is not yet out of the woods, said the Dubai Chamber of Commerce and Industry.
JEDDAH — The Islamic Development Bank, or IDB, significantly increased its project financing in member countries in 2008 by 17 per cent over the previous year totalling $3.1 billion, according to the latest annual report which was made available at a Press conference at the bank headquarters.