Company Updates

Dubai’s DP World to finance Prestigious London Gateway Project

Dubai’s DP World to finance Prestigious London Gateway ProjectDP World Ltd. (DPW), Dubai’s state- controlled port operator would fund the prestigious London Gateway deep- sea port for 20 years. An additional amount worth billion dollars will be invested over the project in next three years by the company using an equal mix of debt and equity according to information availed from its website.

IndiGo launches operations on Dubai-India route

IndiGo launches operations on Dubai-India routeIndia based IndiGo rolled out daily flights connecting Dubai with Delhi and Mumbai. The service will prove boon for a large Indian expatriate community working in the city state. This is the first ever international route of the airline for offering low cost options for people.

Adobe releases beta version of its Muse software for designers

Adobe releases beta version of its Muse software for designersAdobe Systems has released the new beta version of its “Muse” software, which includes the latest Web standards including HTML5 and CSS3, for graphic designers.

RIM launches free cloud-based smartphone management service

RIM launches free cloud-based smartphone management serviceCanadian manufacturer RIM has announced the launch of a free cloud-based smartphone management service, called BlackBerry Management Center, which allows users to manage multiple BlackBerry devices without making any new investment in any infrastructure or management software.

UAE Exchange retains the Super brand title

UAE Exchange, a leading global remittance and foreign exchange brand, has a reason to cheer as the exchange retained the Super brand title for the third time in a row.

The exchange, having 30 years of successful operations, maintained quality and provides efficient services to the customers for achieving business excellence.

Sudhir Kumar Shetty, COO - Global Operations, UAE Exchange, said, "This penchant for excellence has earned us this special status for the third time in a row. We are thankful to our customers, who inspire us to achieve excellence, every time."

Downfall in Domino’s Sale

Downfall in Domino’s SaleFollowing a double-digit plunge in Ireland, Domino's Pizza discovered a further deceleration in its sales growth. However at the same time, balancing this, it has revealed quality gains in UK stores. There exist in total 672 domino stores in the UK and Ireland.

Emaar hits 6 week high on surprise dividend payment

EmaarInvestors in Dubai are demanding for dividends since 2008 and on attaining approval of cash dividends Emaar touches its six weeks high.

Emaar climbed 4.4%, trading 2.5% higher at 3.26 dirhams as of 11:32 a. m. in Dubai. Yesterday, investors approved a cash dividend of 10% for year 2010, for a total of about 600 million dirhams ($163 million).

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