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Business
RAK CERAMICS TAKES CSR TO AN INTERNATIONAL LEVEL
3 hours ago
The world’s largest ceramics manufacturing company, RAK Ceramics, has taken its Corporate Social Responsibility (CSR) to an international level, using Global Reporting Initiative (GRI) format to provide a framework for its CSR efforts and in the process has become the first ceramics ... Full story
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Business
Sweden passed Eurovision crown to Denmark
4 hours ago
Denmark won this year’s Eurovision Song Contest in the Swedish city of Malmoe early Sunday with the song ‘Only Teardrops’ by Emmelie de Forest. Denmark, widely tipped to win the annual music competition, garnered 281 points at a glittering ceremony watched by millions of... Full story
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Business
Sharjah Int’l passenger traffic rises 14% in April
4 hours ago
20 May 2013 SHARJAH - Passenger traffic at the Sharjah International Airport jumped to 14 per cent with a total of 716,951 passengers recorded this April compared to the 629,444 passengers recorded in April 2012, according to the traffic report issued by the Sharjah Airport Authority. Sharjah ... Full story
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Business
GCC projects spend $7.2 billion on interiors
4 hours ago
20 May 2013 A recent report has revealed that GCC projects spent over $7.2 billion on interiors and fit-outs in 2012 and expects that spending to increase by 28 per cent to $9.2 billion in 2013. The report by Ventures Middle East was released with findings from the Index International Design ... Full story
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Business
UAE growth quickens to 4.4% in 2012
4 hours ago
20 May 2013 Economic growth in the UAE accelerated to 4.4 per cent in inflation-adjusted terms in 2012 from a downwardly revised 3.9 per cent the previous year as activity picked up across all sectors, its statistics office said on Sunday. “One of the most important factors is the role... Full story
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Business
Dubai rallies to 4-year high
4 hours ago
20 May 2013 Dubai’s benchmark stock index rose to its highest close since October 2009, propelled by property and banking sectors to underscore the resounding resurgence in investor optimism. The DFM General Index advanced 2.5 per cent to 2,352.21 points on Sunday for a ninth day in its ... Full story
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Business
INTERFACE BRINGS NATURE TO URBAN SPACES AT INDEX EXPO
5 hours ago
Dubai, UAE, 20 May 2013: Leading carpet tile manufacturer and environmental pioneer Interface is bringing the wonders of the outdoors to the halls of the Middle East’s leading design and interiors exhibition this week. At the cutting edge of design, Interface’s latest... Full story
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Business
Demand for car rental services in Dubai projected to grow by 25 per cent by end of 2013
5 hours ago
May 20, 2013 The demand for car rental services in Dubai is expected to drive in growth of more than 25 per cent before the end of 2013. Recent industry reports have revealed that the emirate’s thriving tourism industry has played a major role in helping increase the rental of... Full story
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Business
APICORP Achieves Record Annual Profits for Third Consecutive Year in 2012
5 hours ago
Dammam, 20 May, 2013: The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank owned by the ten members of the Organisation of Arab Petroleum Exporting Countries (OAPEC), today announced net profits of US$109 million for 2012, the highest-ever in the... Full story
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Business
European Central Bank eyes supervisor role to squeeze weak banks
10 hours ago
Brussels: The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, according to sources familiar with the issue. Such a hardening of approach would keep ECB funding flowing to Europe’s ... Full story
Monday May 20, 2013
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