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GE Aviation Gets $370m Gulf Air Contract

DUBAI — GE Aviation, a unit of US conglomerate General Electric, has won a $370 million contract to supply Bahrain’s Gulf Air with engines for its Airbus A32 aircraft, including a 10-year service agreement for CFM56-5B engines, scheduled for delivery between 2009 and 2013.

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Tamweel Reports Net Loss of Dh112.3m

DUBAI - Softer housing demand and scarcer credit has taken a heavy toll on profits for Tamweel PJSC, with the Dubai--based mortgage lender posting a net loss of Dh112.3 million in the fourth quarter of last year compared to a net profit of Dh207.2 million in the same period of 2007.

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Dubailand to Showcase Attractions at ATM 2009

DUBAI - Dubailand, the landmark tourism, leisure and entertainment destination and a member of Tatweer, on Thursday announced it will showcase 17 of its world-class attractions, five of which are already operational, at the Arabian Travel Market or ATM 2009 — the region’s leading travel and tourism exhibition for industry professionals.

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