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HuaweiDUBAI - Etihad, the Abu Dhabi-based airline has placed the world’s largest aircraft order worth $43 billion at list prices. The deal, for up to 205 wide-body and narrow-body planes comprises 100 firm orders, 55 options and 50 purchase rights in a combination of Boeing and Airbus aircraft. Etihad Airways’ Chairman Dr Shaikh Ahmed bin Saif Al Nahyan and CEO James Hogan announced the orders on the first day of the Farnborough International Airshow in the UK.
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DUBAI - Rehab Mohammed Lootah has been awarded CIMA’s Certificate from the Chartered Institute of Management Accountants, a London-headquartered institute. With this achievement, Rehab Lootah becomes the world’s first woman ever awarded a certificate in this highly specialised professional area.
DUBAI - The international Mothercare store has opened a new outlet in Dubai Mall, marking the 25th anniversary of the brand’s presence in the region.
ABU DHABI - Qaryat Al Beri Resort Development Company LLC, a joint venture between Al Jaber Group and Tourism Development and Investment Company (TDIC), announced yesterday that the second phase of the Souk at Qaryat Al Beri is now open and available for lease.
DUBAI - Danube Building Materials has planned to invest over Dh250 million in 2009 for the expansion, said its Chairman Rizwan Sajan.
DUBAI - UAE shares advanced for a second day on Tuesday as investors snapped up select stocks ahead of the last trading day for the year.
DUBAI - Hilton Hotels has slashed prices by up to 50 per cent on weekend breaks until the end of August 2009, for bookings made up to January 31st, 2009.
DUBAI - Salary increases across the GCC countries are predicted to show a downward trend in 2009 as many firms across the board are viewing salary rationalisation as a cost cutting solution in the backdrop of the economic meltdown, a research report by a Kuwait-based firm said.
DUBAI - United Arab Emirates-based Dana Gas said it made a gas and condensate discovery in Egypt’s Qawasim formation, its fourth find this year in the North African Country.
DUBAI - In keeping with its positioning as a strong adherent to corporate governance, Dubai Aluminium Company Limited (Dubal) has been named the joint winner of the 2008 Information Technology Governance Assurance Forum (ITGAF) award in the Commercial Category.