‘Dubai Business’ Archives
Learn to deal with ups and downs in life
Dubai: Growing up in a business environment helped Muna Eisa Al Gurg learn the ropes at a young age. The name that she earned in Eisa Saleh Al Gurg Group within a short period led to her selection as a vice-chairperson at the Mohammad Bin Rashid Establishment for Young Business Leaders. Passionate about art and culture, she is also a board [...]
Idea for major caviar business hatched at time of apprenticeship
The number of caviar farms is not enough to cover the present demand of the market, but Hamda hopes that by 2015 more farms will start producing caviar which will lead to more caviar in the market. Dubai: Hamda Al Harizi is the proud owner of a self-made business that provides luxury Caspian caviar exclusively for the UAE and other GCC [...]
Empower eyes 60% more customers
Dubai: Emirates Central Cooling Corporation, or Empower, is targeting a 60 per cent increase in its customer base to 16,000 this year, compared to 10,000 in 2009, its chief executive said yesterday. This will make Empower the largest district cooling service provider in the region by number of customers. The company provides district cooling [...]
Dubai exports, re-exports to grow 15%
Dubai expects to see a 15 per cent growth in exports and re-exports this year and reach 2008 levels as consumer confidence and business sentiment stabilise, said Hamad Buamim, Director-General of the Dubai Chamber of Commerce and Industry (DCCI). Speaking to Emirates Business, he said the emirate has witnessed an average of 15 per cent [...]
IMF projects modest growth for UAE
Dubai: The International Monetary Fund (IMF) has projected a 1.5 per cent gross domestic product (GDP) growth in 2010 for the UAE with a strong outlook for current account balances in its latest regional economic outlook. "We have been conservative in our growth projections for the UAE. This is the base case scenario. Going forward we expect [...]
Dubai Holding Commercial Has Access to Funds, Moody’s Says
Dubai Holding Commercial Operations Group LLC, a real estate and hospitality group, has access to “other” funds should banks decline to roll over a $555 million credit facility due in July, Moody’s Investors Service said. Dubai Holding Commercial “is currently looking to rollover this facility and is negotiating commercial terms with [...]
Emirates ‘will never be sold’ by Dubai – top exec
A top Emirates Airline executive has said that any public flotation on the Dubai stock market “would be a very successful one” but that it is up to Dubai government to decide when it would be implemented. “It would never be sold to anyone else,” Maurice Flanagan, the executive vice chairman of Emirates Airline, told Arabian Business [...]
Sutherland Global Services buys Adventity
Sutherland Global Services Inc. has acquired New York City’s Adventity Global Services in an all-cash deal, the firm announced Wednesday. Terms of the deal were not disclosed. With more than 2,500 employees and operations in New York and Houston in the United States; Mumbai and Chennai in India; and Dubai, Adventity provides business and [...]
First Official Trade Licence Issued on The World, Dubai
12th May 2010, Dubai: The first trade licence for business operations on The World islands project in Dubai has been granted to Kleindienst Group, owner and developer of The Heart of Europe project on The World. A luxury holiday project, The Heart of Europe is made up of six islands that when complete will house private holiday homes, [...]
Buyout Houses Circle Network International
Dubai-based payment processing business Network International has attracted the interest of five of the world's best known buyout houses after being put up for auction, Financial News has learned. U.S. bank Morgan Stanley (MS) has been appointed to carry out the sale of Network International, which processes credit card payments, with second [...]
