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Arabtec wins Damac 'Business Heights' contract |
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 Damac Properties, the largest private master developer and luxury lifestyle provider, has appointed Arabtec/EEC JV Construction as main contractor for its “Business Heights” project, located in the heart of Amman and within the Abdali area.
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Dana Gas profit up 19pc |
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 United Arab Emirates-based Dana Gas said its first-quarter net profit rose to 25 million dirhams ($6.81 million), up 19 percent from the year-ago period, helped by record oil prices.
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Telecom Egypt Q1 net drops 4.8pc |
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 Telecom Egypt posted a net profit of 557 million Egyptian pounds ($104 million) on Thursday for the first quarter of 2008, 4.8 percent lower than in the same period last year.
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Al Zorah Ajman phase I sale nets $2.7bn |
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 Al Zorah, the master-planned Dh220 billion ($60 billion) coastal development launched in Ajman earlier this month, announced pre-sales of around Dh10 billion ($2.7 billion) at Cityscape Abu Dhabi, representing the first wave of sales for phase one of the project.
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DSC unveils $420m Village Centre at Cannes |
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 Dubai Studio City (DSC), a member of Tecom Investments, on Wednesday unveiled its Dh1.5 billion ($420 million) multi-functional entertainment attraction for industry professionals at the 61st Cannes Film Festival.
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Daman launches art fund |
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 Daman Investments has established an innovative fund devoted to building a significant collection of Arab and Middle Eastern Art.
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UAE in need of 'best transport network' |
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 The UAE should have excellent transportation networks and infrastructure in line with the remarkable economic growth currently taking place in the country, said Sheikh Saud bin Saqr Al Qasimi, Ras Al Khaimah crown prince and deputy ruler.
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Tabreed signs $272.3m HSBC Islamic loan deal |
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 Tabreed, the region’s award-winning district cooling pioneer, has formally sealed a landmark deal with HSBC Amanah, which lead managed and arranged a 12 year Ijara (Islamic lease) facility for Dh1 billion ($272.3 million)
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UAE launches national survey of workforce |
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 The UAE ministry of economy has launched a national survey on the UAE workforce in co-ordination with the department of planning and economy in Abu Dhabi, the Dubai statistics centre and other federal and local departments.
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Qatar Airways will add five more flights per week on its Bahrain Doha route, beginning June 1.
BASF is strengthening its business with polyurethane (PU) customers in the Gulf region, the company said in a statement.
Dubai is set to host an anti-ageing congress to discover the elixir of youth, the organisers said in a statement.
Asteco design team is on track for handover of 90 World Trade Centre Residence (WTCR) apartments by July 2008.
Arab Insurance Group (Arig) saw net profit slump in the first quarter of the year as volatility in global financial markets took its toll.
Damas has launched the latest and cutting-edge creations of Italian jewellery brand Io Si which were recently featured in the Basel Fair 2008.
Gulf countries' current account surplus is nearing 20 per cent of the GDP, according to a Standard Chartered Bank report.
The new 2008 Ford Focus, featuring latest kinetic design, has arrived in the UAE, the company said in a statement.
Poor maintenance of old neighbourhoods, warehouses and industrial complexes may be linked to electrical fires
The UAE should follow Oman's lead and buy a buffer rice stock to protect consumers from soaring food prices, a Standard Chartered bank analyst said.
Britain and the United Arab Emirates signed an initial agreement for co-operation in peaceful use of nuclear energy, the official UAE news agency Wam reported.
Jordan's state grains buyer has ssued a tender to purchase 100,000 tonnes of hard wheat from any origin, European traders said on Thursday.