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HuaweiDUBAI - Dubai shares fell on Tuesday, dragged down by index mover Emaar Properties after a ratings downgrade by Standard & Poor’ Ratings Service and on extended declines of newly-listed Drake & Scull.
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DUBAI - The board of directors of United Gulf Bank has recommended a cash dividend of 74 per cent per share ($18.5 cents), or a total of 150.6 million for 2008, for the approval of the bank’s general assembly. This compares to the 65 per cent, or $16.25 cents per share dividend 
announced in 2007.
DUBAI - Unicorn Investment Bank B.S.C. (Unicorn) has reported a record 2008 operating profit of $73.8 million, an increase of 46 per cent from $50.4 million the bank earned in 2007. Net profit after impairments and fair value write-downs stood at $35 million. Earnings per share were 18.7 US cents.
DUBAI - Abu Dhabi National Exhibitions Company (ADNEC) has announced that work is proceeding on schedule for the phase 2 development of its London exhibition complex - ExCeL London.
DUBAI - Drake & Scull International’s poor show at the Dubai Financial Market on Monday is a stark reminder of how companies planning initial public offerings may fare this year amid the uncertainties in global markets. Drake & Scull is the first company to list this year at the Dubai Financial Market after offering its shares to the public last July.
DUBAI - Property and construction stocks dragged UAE shares down on Monday. Engineering and construction contractor Drake & Scull plunged 26 per cent below its offer price on its trading debut.
DUBAI - The UAE Ministry of Finance has signed an agreement with Ajman Bank, the emirate’s first Islamic commercial bank, enabling them to become the first to market and sell e-Dirham cards in Ajman.
DUBAI - The Business Council for Sustainable Development - UAE, or BCSD-UAE, has joined other regional councils in an annual meeting organised by the World Business Council for Sustainable Development (WBCSD), at its headquarters in 
Geneva, Switzerland.
DUBAI - Dunia Finance LLC, a financial services company announced on Sunday its collaboration with MasterCard Worldwide, a leader in advancing global commerce, to issue credit cards to its customers.
DUBAI - Some would say that Geppi Marotta is an innovator, but the seasoned restaurateur would rather be known as an educator.