The Emirates has called on the army to assume full responsibility for this cowardly act
uae5 hours ago
The President of Al Fajer Properties, Shaikh Maktoum Hasher Al Maktoum said: “We are proud to have CBD as our partners as well as other strong banks in the region. The UAE’s banking sector has weathered the international financial crisis and now stands on solid ground, Government injected Dh120 billion into long-term bank deposits to address the liquidity shortage. Since the liquidity situation in the banking sector has improved the funding is available to companies that have demonstrated there strength through out the last year.”
He added that “since the start of 2009 AFP has been restructuring its banking arrangements with leading banks in the region which are proving mutually beneficial for both partners.” He thanked CBD for their continued support and trust.
“Companies are not judged by the situations or conditions they may face, but they are defined by how they react to them,” he said.
Peter Baltussen, Chief Executive Officer of Commercial Bank of Dubai, noted that the bank has had a long standing relationship with AFP and its shareholders and has financed AFP on the strength of their solid balance sheet and excellent business model. We are impressed by the progress made by the new management through restructuring and compliance. We are looking forward to a continued long term business relation with this dynamic business house.
“Our Phase II project has been going full steam ahead to achieve a 24-hour cycle as soon as possible which includes Ebony and Ivory Towers while Phase I is nearing completion. We are re-gearing our operation for the handover of Phase I and the experience that we have gained from our Phase I project will ensure a quicker delivery time on our phase 2 project,” the company said.
business@khaleejtimes.com
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