Airbus Middle East has signed a two-year contract to provide storage and handling services at its new centre in Dubai to Satair, which distributes production parts and spares for aircraft. The Airbus Material and Logistics Centre at the Dubai Airport Free Zone includes an avionics and
First Gulf Bank led gainers on the Abu Dhabi Securities Exchange, which extended its winning streak to two sessions yesterday. The ADX climbed 1.81 per cent to 5,043 points, which is the capital’s best one-day showing since mid-April. First Gulf Bank jumped 4.49 per cent to Dh27.90, an all time
The worldwide contract logistics industry grew by nine per cent to just over $220 billion (Dh808bn) in 2007, according to figures published yesterday. The Middle East is one of the regions that will continue to witness high growth in contract logistics despite worries that a worldwide economic
A gold and jewellery chain in South India has dropped tennis star Sania Mirza from its advertising because she refused to wear traditional women’s attire. Mirza insisted on wearing tennis shorts and T-shirts when the TV commercials were being made. Malabar Gold, a Kerala jewellery merchant that
Bumper trading pushed the Dubai Financial Market almost 100 points in its largest one-day increase since April 20 and further gains are expected today. All sectors improved as companies large and small advanced, with the DFM surging 1.77 per cent to 5,540 points, its highest close for nine days.
Gulf oil producers are gradually tearing down barriers for foreign oil companies as they need their technology to resuscitate their ageing oilfields and capital to fund costly gas projects, according to an official report. Nearly three decades after they were kicked out of most regional states
Nick Peters and Elham Ali Abdulrahman were two lucky winners of Dh50,000 worth of shopping vouchers each as part of the official launch of Khan Murjan in Wafi, Dubai. Wafi offered visitors to Khan Murjan the chance to win ‘The Treasure of Khan Murjan’? two prizes of Dh50,000 each in Wafi
Diesel prices from the oil retailers ? Emarat, Emirates National Oil Company (Enoc) and Emirates Petroleum Products Company (Eppco) ? went up by another 75 fils with effect from yesterday as the oil marketing companies in Dubai increased diesel price to Dh19.25 per gallon from Dh18.50 to meet the
Selling prices for residential plots in Tiger Woods Dubai, a private residential golf course development in Dubailand, have jumped by 30 per cent since it was launched, a top company official said. "We started selling land in the project at Dh650 per square foot and today it has reached
The Abu Dhabi Securities Exchange (ADX) fell for the ninth session running following major losses in its energy, banking and real estate stocks. Yesterday’s 1.07 per cent decline was also the bourse’s largest during its current losing streak. It closed on 4,904 points, its lowest finish since