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UMM AL QAIWAIN - The National Bank of Umm Al Qaiwain, or NBQ, announced that it has registered a net profit of Dh110.8 million for the first quarter of 2009, a 12.8 per cent increase over the first quarter profit of Dh98.2 million last year, despite valuation losses in its investment portfolio.

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DUBAI - UK flag carrier British Airways, or BA, has unveiled its biggest ever regional summer schedule eyeing on the Middle East market, boosting seasonal programme by 35 per cent.

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SHARJAH - Dana Gas announced that it has recently started its first production from the Al Basant discovery in the West Manzala Concession in the Nile Delta region of Egypt.

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DUBAI - South African statesman Nelson Mandela on Thursday joined Dubai World Chairman Sultan Ahmed bin Sulayem and Kerzner International Chief Executive Officer Sol Kerzner at a luncheon to mark the opening of One&Only Cape Town.

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DUBAI - Kuwait’s Investment Dar said on Saturday it had delayed the release of its 2008 earnings because the financial crisis had hit its subsidiaries forcing it to take extra care in valuing their assets.

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DUBAI - Union Brokerage Company, or UBC, the brokerage subsidiary of Union National Bank, announced that it has been awarded an ISO 9001:2008 certification by Lloyd’s Register Quality Assurance Limited, or LRQA, for its entire range of services across the United Arab Emirates.

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DUBAI - DAMAC Properties has announced that enabling works have now been completed at its Lincoln Park site at Arjan in Dubailand.

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MANAMA — The Bahrain Competitiveness Council, or BCC, has urged the need to revalue the Bahrain Dinar, as the monetary policy remained unchanged for the last 30 years.

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DUBAI — The global market for financial crime risk management technology is projected to grow at an annual rate of 13.1 per cent to hit $3.75 billion by 2012, according to a report by

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