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HuaweiDUBAI - Energy Management Services (EMS) recently released a series of recommendations for improving energy consumption at homes to coincide with Earth Hour 2009, that will take place on March 28.
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ABU DHABI – The Board of Reem Investments PJSC, an Abu Dhabi-based diversified investment company, has announced a profit of AED1.12 billion for fiscal year 2008. The announcement was made at its annual general meeting held on 24th March 2009.
DUBAI - Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure markets, on Wednesday announced the opening of its Quick Response Center (QRC) for pump and mechanical seal products.
DUBAI - Lufthansa, the German airlines, plans to expand its network in the Gulf and Middle East region, despite a globally challenging market environment.
DUBAI - Arab Investment Forum 2009 that ended on Wednesday called for unified policy responses to tackle the challenges posed by the global financial crisis.
ABU DHABI - Buoyed by last year’s surge in oil prices, the nation’s economic growth rate accelerated to 7.4 per cent in 2008, up from 5.2 per cent in the previous year, according to preliminary data that the government released on Wednesday.
DUBAI - Dubai Islamic Bank posted a net profit of Dh1.73 billion for the 12 months ending December 31, 2008, a decrease of eight per cent from the previous year’s profit of Dh1.88 billion. The Shariah-compliant bank in its annual general meeting on Wednesday approved financial results for 2008, 25 per cent cash dividend and
DUBAI - Doha Bank, one of the largest private commercial bank in Qatar, has completed all the necessary formalities towards the sale of the identified DSM equity portfolio to the government in a $147 million (QR 537 million) deal.
DUBAI - Dubai shares fell on Wednesday, led by Emaar Properties after investors locked in profits following the previous session’s strong rally. The Dubai Financial Market benchmark index gave back some of its gains, ending 1.93 per cent lower at 1,591.00.
DUBAI - Urgent action is needed to shore up Dubai World’s Nakheel, developer of the emirate’s signature palm-shaped islands, and Dubai Holding, an investor in Sony of Japan and Europe’s EADS aerospace group, Dubai’s finance chief said on Tuesday.