News

Indisoft 2012 set to draw more GCC trade visitors

DUBAI – Indiasoft 2012, the flagship show event of Electronics and Computer Software Export Promotion Council (ESC), is expected to draw more trade visitors from the GCC than in 2011, organisers said. Go to Source
February 7th, 2012 | News | Read More

DuBiotech posts over 33% growth

DUBAI – Dubai Biotechnology and Research Park (DuBiotech), a major Life Sciences hub in the Middle East and a member of TECOM Investments, has registered over 33 per cent growth during 2011 with 21 biotechnology companies setting up operations at the free zone destination. Go to Source
February 7th, 2012 | News | Read More

RAK Free Trade Zone posts 17% annual growth in 2011

DUBAI – Defying a challenging economic climate, Ras Al Khaimah Free Trade Zone (RAK FTZ) on Monday announced that it registered over 2,000 companies in 2011, which represents 17 per cent growth over 2010. Go to Source
February 7th, 2012 | News | Read More

Abu Dhabi a promising hub for investments

ABU DHABI – The non-oil trade slid nine per cent year-on-year as Japanese exports to the UAE plummeted 11 per cent in first half of 2011 due to break-up in the industrial supply chain caused by massive earth quake and subsequent Tsunami, a top official said. Go to Source
February 7th, 2012 | News | Read More

Du shares drop on higher royalty

DUBAI – Shares of telecoms operator du dropped on Monday after the telecom firm said it has to pay to the government a higher royalty, including a 15 per cent on its full-year 2011 net profit, in addition to a five per cent of revenue. Go to Source
February 7th, 2012 | News | Read More

European downturn may cut China’s growth: IMF

BEIJING – A sharp downturn in Europe could cut China’s economic growth rate nearly in half, the International Monetary Fund, or IMF, said on Monday, adding to warnings about a possible severe global slowdown this year. Go to Source
February 7th, 2012 | News | Read More

Decide fast, Greeks: Merkel

ATHENS/PARIS – German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country’s political leaders responded by delaying their decision for yet another day. Go to Source
February 7th, 2012 | News | Read More

Etihad plans Lagos flight from July

ABU DHABI – Etihad Airways on Monday announced the launch of flights to Lagos, the airline’s first destination in West Africa, from July 1, subject to regulatory approvals. Go to Source
February 7th, 2012 | News | Read More

Dewa launches two major substations

DUBAI – Dubai Electricity and Water Authority (Dewa) has launched two main 400/132KV Substations at Al Aweer and Meydan at a total cost of Dh883 million during January. Go to Source
February 7th, 2012 | News | Read More

Dewa launches two major substations

DUBAI – Dubai Electricity and Water Authority (Dewa) has launched two main 400/132KV Substations at Al Aweer and Meydan at a total cost of Dh883 million during January. Go to Source
February 7th, 2012 | News | Read More