local business

Volumes at Gulftainer Terminals Increase by 15 Per Cent in 2008

DUBAI — Leading regional port management and logistics firm, Gulftainer, has announced that volumes at its terminals in the UAE — Khorfakkan Container Terminal (KCT) and Sharjah Container Terminal (SCT) — grew by over 15 per cent in 2008, compared with 2007 volumes, to reach 2,501,829 teu, reflecting increasing customer confidence in the company in these difficult times.

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Minhaj Shariah Financial Advisory Launches Operations from DIFC

DUBAI - In the presence of Abdulla Al Awar, Managing Director of the Dubai International Financial Centre (DIFC) Authority, Dr. Abdul Sattar Abu Ghuddah the Chairman of Minhaj and a number of scholars, specialists, and businessmen, Minhaj Shariah Financial Advisory announced the launch of its operations in DIFC, which will provide advisory and training services.

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local business

DFM Shares Retreat

DUBAI - Dubai shares bucked regional gains, retreating on Tuesday and unable to sustain the previous day’s surge with investors using Arabtec Holding’s losing of a $1.3-billion racecourse construction contract as an excuse to take profits.

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local business

Two Decrees to Regulate Ajman Property Sector

AJMAN - His Highness Shaikh Humaid bin Rashid Al Nuaimi, UAE Supreme Council member and Ruler of Ajman on Tuesday issued as Emiri Decree 11 2008 setting up the Ajman Property Regulation Establishment and Emiri decree 12 2008 amending Emiri decree 8 2008. The two decrees shall have immediate effect.

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