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HuaweiDUBAI — SITA, a specialist in air transport communication and IT solutions, on Wednesday reported a 3.5 per cent rise in its revenue to $1.42 billion compared to $1.42 in previous year as e-ticketing soars during 2008.
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DUBAI — Shell Bitumen, a subsidiary of the UK’s Royal Dutch Shell has opened an 8,000-tonne storage tank in the UAE’s Jebel Ali Free Zone.
DUBAI — Bahrain’s reliance on limited oil and gas reserves will result in a sizeable fiscal deficit this year, said Moody’s Investors Service.
DUBAI — LunchBoxes.ae and Kraft Foods UAE are continuing their strategic alliance through their on-going promotion and education of healthy eating habits.
DUBAI — Dubai rents have fallen sharply in the last two months, with going rates for some real estate ranging from basic studios to luxury flats on the man-made Palm Jumeirah falling by almost a third, a property consultancy said.
DUBAI — Saraya Skies, the luxury air carrier, announced the appointments of Bilal Yousuf as Managing Director and Ivan Tehaghapsao as Sales and Marketing Director.
MANAMA — The total value of Bahraini banks’ Islamic banking assets increased by 50 per cent in 2008 to $24.6 billion against $16.4 billion in 2007, according to figures issued by the Central Bank of Bahrain or CBB.
DUBAI — Salwan LLC, a property management company and a subsidiary of Dubai Properties Group or DPG, announced it has successfully leased out Phase-I of Al Khail Gate community and is set to release Phase-II shortly in response to the unprecedented interest from clients.
ABU DHABI — Abu Dhabi National Energy Company or TAQA saw profits tumbling 90 per cent to Dh40 million in the first-quarter of the year, down from Dh398 million in the comparable period, as oil and gas prices plummet in the wake of the global 
economic slowdown.
ABU DHABI - The National Investor or TNI plans to invest around $70 million (Dh257.6m) on healthcare-related businesses in the region with a particular focus on the UAE.