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HuaweiDUBAI - Shares on the Dubai bourse retreated on Tuesday, unable to sustain previous gains as investors booked profits, with Arabtec Holding losing nearly 10 per cent.
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DUBAI - Department of Food &Beverage of Dubai Chamber of Commerce(DCCI) is planning to set up $200 million ‘ Dubai Food City’ by 2011, sprawling on 5 million square feet, said Farook Kassam Managing Director of the Department.
DUBAI - Emirates NBD, the largest banking group in the Middle East in terms of assets, expects to post a 10 per cent growth in its revenue this year, a top official of the bank said on Tuesday.
SINGAPORE/DUBAI - Saudi Aramco will halt fuel oil exports three months ahead of the start of summer, due to swelling demand for power generation fuels and tighter gas supplies, industry sources said on Monday.
DUBAI - Xerox Emirates (XEM) on Monday reported over 25 per cent growth in revenue for the year ended on December 31, 2008 compared to 2007, said
a statement.
DUBAI - Dubai’s Emirates Printing Press (EPP) won nine awards at the Dubai Print Awards- GCC- 2008 held on January 27, 2009 at the Grand Hyatt Hotel. Across the event’s 14 offset printing categories — open to entries from all over Middle East — EPP took six gold awards, two silver awards and one jury award.
DUBAI - Real estate projects in the Gulf Cooperation Council (GCC), particularly in Dubai, are still being actively pursued despite the worldwide economic slump, with ongoing projects already breaching the $2.39 trillion mark, said online global property portal REIDIN.com
DUBAI - Dana Gas said on Monday that the company discovered another gas well in Egypt that will boost its reserves by 100 billion cubic feet of gas.
DUBAI - The Dubai Financial Services Authoridty (DFSA) has granted a banking licence to international investment bank Nomura International Plc.
DUBAI - Economists, business leaders and investors on Monday welcomed Dubai’s $20 billion bond issue and the Central Bank’s explicit support for it as bold steps that would boost sagging confidence in the UAE’s economy.