Mitsui O.S.K. Lines Ltd., operator of the world’s second-largest oil-tanker fleet, said one of its ships may have been attacked near the Strait of Hormuz, deemed by the U.S. to be the most important chokepoint for oil supply. (read the story…) Related items Freak wave slams oil tanker, official says ANALYSIS – Iran oil sanctions will leak ANALYSIS –...
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28 July 2010 Sales across the Middle East for BMW Premium Selection, the company’s pre-owned car programme, increased by 89% for January to June 2010, over the same period in 2009. (read full story…) Related items DSS yields positive economic results in H1 UAE: Malls report an increase in shoplifting Owner of Dubai’s ‘little Britain’ jailed for non-payment of...
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UAE conglomerate makes a net profit of $53.46m for the three months to June 30. (read more here…) Related items Premier Reel Cinemas opens today at Dubai Marina Mall BUSINESS IN BRIEF 21/7 Plethora of GCC tax changes go largely unnoticed UAE markets buck regional trend to decline Court adjourns hearing in fraud case to August 8
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UPDATE 5: Dubai’s DFM ends higher to claw back the previous day’s losses. (read more here…) Related items Limitless waiting on refund from failed India project Leaders in Dubai to skip 2010 event Developer of Dubai’s ‘Little Britain’ in Jail (Video) Dubai Investments Q2 profit falls 32 percent Emaar-controlled RSH gets Dh800m cash offer
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UAE gold jewellery demand up 29% in UAE (read more…) Related items UAE- Tanker damage raises a tidal wave of questions UAE: Top capital exporter faces slowest economic growth in GCC UAE gold jewellery demand up 29% in Q1 UAE equities rise, volumes hit two-week low UAE- National Bondsâ H1 sales exceed Dh1b
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The Gulf has the largest concentration of energy resources in the world with oil producing countries in the region estimated to have spent approximately AED 182.5 billion (US$50 billion) to increase their current oil field production capacities or to develop new discoveries by the year-end. (more…) Related items BP in talks with wealth funds to seek investment DME...
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As the online threat landscape continues to evolve and grow, global spending on IT security is estimated to rise to US$ 60 billion, according to market research company, RNCOS. The study also shows that IT security in the Middle East is projected to grow by 12% over the next three years, as governments and...
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28 July 2010 Dubai Investments Dubai Investments PJSC (” DI DI “), the largest investment company listed on the Dubai Financial Market, today announced its financial results for the six-month period ended 30 th June 2010 (“the Period”). (read more…) Related items National Bank Dubai UK Regulatory Announcement: FRN Variable Rate Fix Dubai’s Mashreq Q2 profit falls on...
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28 July 2010 Dubai Customs Dubai Customs conducted during the first half of the current year 13 public auctions at three customs centers making a total revenue of AED 7.262 Million, a move reflecting Dubai Customs Dubai Customs keenness on sale of goods whose owners failed to complete their customs clearing procedures within the...
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DUBAI, July 28, 2010 /PRNewswire/ — Key highlights – North African telecom operators are immersed in a fierce battle in which only the smartest players will survive – CEO’s of telecom operators face continuous challenges in revenue augmentation while preserving profitability levels in an increased competitive environment – Only a correct diagnosis of the...
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* Q2 net profit falls 32 pct to 196.3 mln dirhams (read the story…) Related items Saudi TASI dips but Dubai stocks up Japanese oil tanker damaged at mouth of Persian Gulf; cause unclear, shipper suspects attack Mysterious blast hits Japan oil tanker near Iran Dubai Office Rents Drop in Second Quarter as More Supply Comes on Market Japan shipping company...
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Egypt, 28 July 2010: Egypt’s bid to increase the appeal international investors by carving out cluster-zoned industrial developments is mapped out in a wide-ranging report just published by Oxford Business Group (OBG). (read the full story…) Related items Report: Soros to buy 4.4% stake in Bombay bourse Stocks, U.S. Futures Advance on Economy; Greek Bonds Decline U.S. Futures Gain...
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Dubai, 28 July, 2010: The Emirates Institution for Advanced Science & Technology (EIAST) released a mosaic image of the UAE in celebration of the first anniversary of DubaiSat-1, the first remote sensing satellite owned by the UAE. (read the full story…) Related items UAE says BlackBerry is security threat Silicon Information Technology Tower (SIT) achieves key construction milestone Riverbed...
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