There will also be a drop in horizontal visibility as light to moderate winds are expected, causing blowing dust
In a statement, DFM Company said it recorded total revenue of Dh90.4 million in first quarter of 2010 compared to Dh95.3 million during the corresponding period of 2009.
“The revenue and profits in first quarter of this year are clear evidence that our market is more stable and in a better condition compared to a year ago,” Essa Kazim, Managing Director and CEO of DFM said. DFM trading value saw an increase of five per cent to Dh28.975 billion during the first quarter of 2010 compared to Dh27.603 billion in the first quarter of 2009.
“Market performance during the last few months shows positive indications for significant stability and relative progress which allows us to look forward more optimistically,” Kazim added.
“We hope that the market gains more momentum that enhances the possibility of recording more positive results by the end of 2010,” he said.
DFM shares closed trading on Thursday 4.7 per cent higher at Dh1.77.
DFM Company’s new board of directors held its first meeting on Saturday and elected AbdulJalil Yousef as Chairman and Rashid Al Shamsi as Vice Chairman. The board also elected Essa Kazim as Managing Director and CEO for three years in addition to reformation of the committees emanating from the board. The new board was elected during the company’s annual meeting held on April 21st. — muzaffarrizvi@khaleejtimes.com
There will also be a drop in horizontal visibility as light to moderate winds are expected, causing blowing dust
The airlines continue to monitor developments across the region
Volunteers have quickly stepped in to support families by setting up and preparing the tents
The airline had earlier alerted passengers about longer queues and slower check-ins
The External Affairs Minister said that he is travelling to Pakistan only to be a 'good member of the SCO'
Sheikh Hamdan took to social media platform X to make the announcement on World Teachers' Day
These goods, which were seized by Customs, can be examined at Dubai Airports, Terminal 3
He did not elaborate on the nature or timing of the response