Business & Money | Wednesday 11 November, 2015 8:38 am

GULF INTERNATIONAL BANK REPORTS A NINE MONTH PROFIT OF $64.7 MILLION

Gulf International Bank B.S.C. (GIB) reported consolidated net income after tax of $64.7 million for the nine months ended 30th September 2015, compared to $72.7 million in the prior year period. Net income after tax in the third quarter was $17.4 million.   Total income at $223.8...

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Business & Money | Wednesday 11 November, 2015 6:09 am

Empower's CEO welcomes senior delegation from German energy firm RWE AG

A senior official delegation from RWE Middle East visited Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, to exchange expertise and review latest developments in the renewable energy and district cooling areas. The visit reflects ...

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Business & Money | Wednesday 11 November, 2015 5:06 am

Raytheon, Abu Dhabi Ship Building Celebrate First Decade of Partnership

Raytheon Company’s (NYSE: RTN) Missile Systems Business and Abu Dhabi Ship Building (ADSB) are entering the tenth year of a partnership that began in 2006, when Raytheon signed on to place Rolling Airframe Missiles onto the UAE’s Baynunah class of ships. “An excellent example...

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Business & Money | Wednesday 11 November, 2015 4:11 am

Raytheon Space and Airborne Systems and former NASA astronaut congratulate U.A.E Space Agency

Raytheon Space and Airborne Systems (SAS) President Rick Yuse and former NASA astronaut, Raytheon Vice President and Deputy of Space Systems Robert Curbeam congratulate Chairman of the U.A.E Space Agency H.E. Dr. Khalifa Mohammed Al Romaithi, and H.E. Dr. Mohammed Al Ahbabi, Director General,...

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Business & Money | Wednesday 11 November, 2015 12:45 am

Haveus Aerotech to create an MRO facility worth AED370 million at Dubai South

A tripartite alliance comprising the India-based Haveus Aerotech (HA), Air India Engineering Services Ltd. (AIESL) and AIitalia Maintenance Systems, working under the brand name ‘HAA Engine MRO’, has signed an agreement with Dubai South for the creation of a first-of-its kind...

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Business & Money | Monday 9 November, 2015 4:25 pm

GOIC: The 15th Industrialists’ Conference seeks to improve the Gulf investment environment

Under the patronage of His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait, and with the participation of GCC ministers of industry, the Ministry of Commerce and Industry in the State of Kuwait, the Public Authority for Industry (PAI) and the Gulf Organization for Industrial...

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Business & Money | Monday 9 November, 2015 2:34 pm

GIB Inaugurates a Branch in Abu Dhabi

Gulf International Bank (GIB) held an official reception at Jumeirah Etihad Towers to mark the inauguration of its wholesale banking branch in Abu Dhabi. The opening supports the bank’s strategic objectives to grow and develop business across the GCC region.  GIB CEO Dr. Yahya Alyahya ...

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Business & Money | Monday 9 November, 2015 2:28 pm

GE Oil & Gas inaugurates first-phase expansion of 
‘Made in Saudi’

GE Oil & Gas (NYSE: GE) today completed the first phase expansion of what will be GE’s largest advanced manufacturing facility in the region. This expands capacity of the current manufacture of advanced pressure control technology, testing and repair services, as well as promoting job...

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Business & Money | Monday 9 November, 2015 11:18 am

DBWC tackles gender disparity during November Network Majlis

The Dubai Business Women Council (DBWC), the official representative organization for business women, both professionals and entrepreneurs, in the Emirate of Dubai, welcomed back The Sustainability Platform to host its November Network Majlis titled, Gender, Coaching and Entering the C-Suite. The...

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Business & Money | Monday 9 November, 2015 11:00 am

Masrouji Makes Great Strides in UAE Market with New, Innovative Launches

The MEA retail market became the world’s fastest growing market for beauty products, being valued at $25.7 billion. According to analysts, the region is expected to grow at a rate of 4.8 percent, year-on-year till 2019. This is twice the global average growth rate and even more than the...

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