Yahsat subs receive TRA satellite service licence
By guestposter
Published: August 10, 2010
ABU DHABI – The Telecommunications Regulatory Authority (TRA) has granted a 10-year satellite services licence to Al Yah Advanced Satellite Communications Services (Al Yah Advanced), and a 10-year satellite and broadcasting services licence to Star Satellite Communications Company (Star).
ATM creates more business opportunities
By guestposter
Published: August 10, 2010
DUBAI – Arabian Travel Market (ATM) has unveiled a new format to its four-day event, by introducing an additional day of business, while still maintaining a dedicated session for consumers.
ERC signs $2.6b debt package for refinery
By guestposter
Published: August 10, 2010
DUBAI – The Egyptian Refining Company (ERC) announced on Monday that it has signed a debt package of $2.6 billion to finance construction of its state-of-the-art $3.7 billion second-stage oil refinery in the Greater Cairo Area.
Aston Martin opens showroom in Oman
By guestposter
Published: August 10, 2010
DUBAI – British luxury sports cars brand Aston Martin has opened a new showroom in Oman’s capital, as the demand for luxury cars across the Gulf region continues unabated.
Audi ME sales grow 8.5% in first half
By guestposter
Published: August 10, 2010
DUBAI – Audi Middle East has reported a 8.5 per cent growth in sales, with a total of 3,146 vehicles delivered to the GCC and Levant over the first half of 2010.
DFM rises 0.5%; ADX falls in thin trade
By guestposter
Published: August 10, 2010
DUBAI – Abu Dhabi stocks fell the most in almost six weeks after EFG-Hermes Holding SAE cut Aldar Properties PJSC, the emirate’s biggest developer, to “sell” and a purchase offer for Aabar Investments PJSC shares expired.
Lulu opens first outlet in Saudi Arabia
By guestposter
Published: August 10, 2010
ABU DHABI – Abu Dhabi-based retail major Lulu Hypermarket’s total number of outlets has reached 83, as it opened its first outlet in Saudi Arabia’s capital Riyadh on Monday.
UAE job vacancies up 45%
By guestposter
Published: August 10, 2010
DUBAI – The UAE saw a 45 per cent rise in the number of job vacancies in the second quarter of the year compared to same period last year, said a research report.
RAK Petroleum posts Dh40.1m profit in H1
By guestposter
Published: August 10, 2010
DUBAI – RAK Petroleum Public Company Limited on Monday reported Dh40.1 million net profit for the first half of 2010, compared with a profit of Dh32.1 million in corresponding period last year.
Taqa’s profit climbs 26% to Dh171m in Q2
By guestposter
Published: August 10, 2010
ABU DHABI – Abu Dhabi National Energy Company’s net profit surged 26 per cent to Dh171 million in second quarter on the back of gains from foreign exchange and recovery in oil prices.
