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HuaweiDUBAI - Pieter Stapel has recently joined Coral Hotels and Resorts and Coral Deira-Dubai as Vice-President and General Manager, respectively. He brings outstanding international experience and expertise to his challenging new role.
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JEDDAH - HST Global Inc., an integrated biotechnology health and wellness company has announced a project that has been initiated with EBITDA Capital, LLC for both shareholder participation and health and wellness centre operations in Saudi Arabia.
ABU DHABI - The full-year net profit of Abu Dhabi National Insurance Company (ADNIC) fell 36 per cent to Dh210.268 million in 2008 from Dh330 million in previous year.
ABU DHABI/MILAN - Abu Dhabi’s Aabar Investments PJSC is in talks to subscribe to about €60 million ($77.5 million) of UniCredit SpA’s €3 billion capital-strengthening measure, an Aabar official said on Friday.
DUBAI - Gulf Arab companies especially in Dubai are facing further liquidity challenges as well as declining credit quality amid the steep global downturn, ratings agency Moody’s Investor Service said on Thursday.
DUBAI - InterContinental Hotels Group (IHG) along with SAMCO Hotels & Resorts officially opened Crowne Plaza Sohar.
DUBAI - Motorola Inc. has broadened its cable passive optical network (PON) portfolio with Radio Frequency over Glass (RFoG) solutions through an agreement with Alloptic, Inc.
DUBAI - Oil earnings of Gulf Cooperation Council (GCC) countries are likely to surpass $4.7 trillion by 2020, said a report.
ABU DHABI - Mergers among leading Abu Dhabi banks are on the back burner due to the economic turmoil despite the need for consolidation to face mounting competition, the CEO of National Bank of Abu Dhabi said on Thursday.
DUBAI - Emirates NBD, the UAE’s largest bank by assets, said on Thursday its fourth quarter net profit dropped to Dh14 million from Dh1.18 billion in the previous year due to mark-to-market losses and provisions for loan losses.