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Aramex Q1 Net Profit Rises 22 Percent

Aramex posted a 22 percent rise in first-quarter net profit on Tuesday, driven by higher revenue from the Gulf and contributions from its recent South African acquisition

April 24, 2012 9:12

Dubai's Arabtec Says Unit in $137 Million Contract Win

An Arabtec Holdings unit has won three contracts in Qatar and the UAE worth $137.22 million, the Dubai builder said on Monday. The largest of the contracts, worth a combined AED504 million, is from Qatar Petroleum for the construction of a workers facility to be built over three years, according to a statement

April 23, 2012 4:25

Rappers in our hood

A new rap song puts Abu Dhabi in the spotlight - for better or for worse. This isn't the first time the region's been featured in a song, and Kipp suspects it won't be the last time.

April 22, 2012 4:23

Canada's RBC to Double Middle East Wealth Management Team

Royal Bank of Canada (RBC) expects to double the number of wealth management employees in its Dubai office in the near future, and is open to opportunities for acquisitions, a senior executive said on Sunday.

April 22, 2012 4:08

Dubai Foreign Trade Jumps 22 Percent in 2011, Iran Up

Foreign trade rises to record $300 billion; Customs forecast 20 percent growth in 2012; Direct re-exports to Iran hit, but still up 29 percent in 2011

April 19, 2012 9:25

Abraaj Eyes Investments in Saudi Arabia

Dubai-based private equity firm Abraaj Capital is looking at three to four investments in Saudi Arabia valued up to $150 million each, a senior executive said on Wednesday.

April 18, 2012 4:17

Dubai's Tamweel Q1 Net Profit Down 33 Pct

Dubai-based sharia-compliant mortgage lender Tamweel posted a 33 percent fall in first quarter net profit, hit by litigation provisions.

April 17, 2012 3:50

Emirates Airline Mulls Foreign Buys

Dubai's Emirates airline is studying new opportunities to buy foreign carriers if they fit the emirate's strategy, the state news agency quoted the chairman of the fast-growing carrier as saying on Monday.

April 17, 2012 9:16

Du Surges on Block Trade

Telecoms operator du surges after 2.4 million shares change hands in a trade that occurs in the final minute before the market close.

April 15, 2012 2:49

Ghandour to Retire As CEO of Dubai's Aramex by End-2012

Fadi Ghandour, founder of Dubai-based courier firm Aramex, is to step down by the end of 2012 and hand over day to day operations to Hussein Hachem, the current head of the Middle East and Africa regions, the company said on Saturday.

April 15, 2012 9:17

Dubai's Arabtec Names Aabar's Chairman, CEO to Board

Four Aabar executives including chairman nominated to board; Aabar has boosted stake in Arabtec to 10.45 pct recently; Abu Dhabi fund also owns stakes in Daimler, Glencore and UniCredit

April 12, 2012 8:55

Dubai's Shuaa Names Colin Macdonald as New CEO

Shuaa Capital, the struggling Dubai-based investment bank, on Tuesday named a former ABN Amro banker as its new chief executive, replacing Michael Philipp who stepped down after just six months in the job.

April 11, 2012 9:45