Business & Finance

Business & Finance

Dubai Chamber study shows growth in UAE business competitiveness

Dubai: The UAE ranks as the third-most competitive economy in the region after Qatar and Saudi Arabia, the latest study by Dubai Chamber of Commerce and Industry finds.

According to the World Economic Forum’s Global Competitiveness Report 2011/12, the UAE …

Business & Finance

DIFC accounts for 1.4 percent of UAE’s GDP in 2011

Dubai: The Dubai International Financial Centre (DIFC), today issued its fifth annual Economic Activity Survey Report for 2011 putting the total value added (GDP equivalent) of the Centre’s sub-economy at USD 3.13 billion, up 7% from USD 2.92 billion in …

Business & Finance

Al Maktoum Foundation passes AED 90 mn budget for 2012-2013

Dubai: H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, and patron of the Al Maktoum Foundation, has approved the Foundation’s budget of AED 90 million for 2012-2013.

Sheikh Hamdan also ordered immediate distribution …

Business & Finance

SCAD Gives an Overview about CPI and Economic Surveys in the Ramadan “Barza” Discussion Platform

Abu Dhabi: Statistics Centre – Abu Dhabi (SCAD) is participating in the Abu Dhabi Ramadan Barza (Discussion Platform), organized by the Department of Economic Development (DED) in collaboration with SCAD and a number of government and semi-government agencies in Abu …

Business & Finance

Abraaj Capital exits investment in IHH Healthcare Berhad through an Initial Public Offering

Dubai—Singapore: Abraaj Capital, a leading private equity manager investing in global growth markets, announced today the exit of its investment in IHH Healthcare Berhad (IHH) through an initial public offering (IPO) of one of the largest private healthcare providers in …

Business & Finance

Sharjah Department of Economic Development discusses cooperation with Expo Centre Sharjah

Sharjah: Abdullah Bin Sultan Al Suwaidi, Chairman of the Department of Economic Development in Sharjah and Saif Mohammed Al Midfa, Director-General of Expo Centre Sharjah have discussed ways to enhance and promote bilateral cooperation through the exchange of experiences in …

Business & Finance

Etisalat announces AED1.9 bn net profit in Q2 in 2012

Abu Dhabi: Etisalat, the Abu Dhabi headquartered telecommunications group with operations in 16 countries, today announced a net profit after federal royalty of AED 1.9 billion for the second quarter of 2012 ending 30 June 2012, representing an additional growth …

Business & Finance / General

Egyptian ambassador praises UAE pavilion at Expo2012

YEUSO: Egyptian ambassador to South Korea Mohammed Al-Zorkani praised the UAE pavilion in Yeuso Expo 2012 in Korea as one of the best pavilions in the global event.

The ambassador toured the pavilion and viewed documentaries on the UAE’s initiatives …

Business & Finance

Abraaj capital completes acquisition of Aureos Capital

DUBAI: Abraaj Capital, a leading private equity manager investing in global growth markets, today announced the completion of the acquisition of Aureos Capital (“Aureos”), a private equity fund management group investing in small and mid-cap companies (“SMC”) in Asia, Africa …