The French President said that France would hold an international conference in support of Lebanon this month
The hotel division recorded a net profit of Dh 75.70 million, according to a statement posted by the ADNH on the website of ADX.
Though room supply increases have affected RevPAR negatively in Abu Dhabi, the division outperformed the competition, the statement said.
The catering operations division posted a profit of Dh 27 million in the first quarter of this year, marking a growth of 54 per cent over the previous corresponding period. Non-Operational income including income from investments and interests on fixed deposits, increased to Dh 85.81 million in the first quarter of this year compared to Dh 15.13 million in the first three months of last year. The ADNH statement partially attributes this increase to sale of local share portfolio.
The company has a paid-up capital of Dh 1 billion and its net worth was Dh 8.11 billion as on March 31, last. The statement also disclosed that construction of Grand Canal Hotel Project is progressing well towards its scheduled opening in the second quarter of 2011. The construction of Park Hyatt Hotel and villas on Saadiyat Island is progressing well and is expected to be complete during the second quarter of 2011, the release said. — ramavarman@khaleejtimes.com
The French President said that France would hold an international conference in support of Lebanon this month
The delegations condemned the intensified fighting in Khartoum, El Fasher, and Geneina
Did you know? October 5 is the anniversary of the first airplane landing in Sharjah in 1932
The country's exchange of the CEPA with Serbia marks its first agreement with a country outside the World Trade Organisation
A large crowd gathered to gain access before the event, and many were chanting the 'fight, fight, fight' slogan
The match can be viewed in the stadium as well as around the globe, via a broadcast of the tournament
Given recent incidents, travel agents are advising passengers heading to the UAE to carry a physical copy of their Emirates ID
The armed wing of Hamas confirmed the deaths of two of its fighters, but provided different names for them