Dh2.2bn pumped into industry in 2007 to diversify economy

Submitted by WAM on

Dubai, Nov 3, 2008 (WAM) - The UAE pumped nearly Dh2.2 billion into food, chemicals and other manufacturing projects in 2007 as it pushed ahead with an industrial drive to diversify its oil-reliant

Advertising spending in UAE soars by 47%

Submitted by WAM on

Dubai, Nov 3, 2008 (WAM) - Advertising spending in the UAE increased by 47 per cent in the first half of the year from US$655 million (Dh2.41 billion) in 2007 to US$929 million in the same period i

du telecom turns profitable, shares rise

Submitted by WAM on

Abu Dhabi, Nov 3, 2008 (WAM) Dubai telecom firm du posted its first ever profit in the third quarter, a year ahead of schedule, thanks to subscription growth and a one-time gain, sending its shares

Citigroup on way to rejig India biz to cut costs

Submitted by PTI on

New York, Nov 2 (PTI) Citigroup, which recently reported
a net loss of USD 2.8 billion for the quarter ended September
30, has said its business in India is being actively

PALMALI SHIPPING GETS $183m-LOAN

Submitted by AZERTAC on

Baku, 2 November,(AzerTAj)German banks HSH Nordbank and DVB have granted a $183m-loan to Palmali Shipping Group of Companies.

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