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Drydocks World expects 10% growth in profit

Dubai: Drydocks World expects a 10 per cent growth in profit this year, and is looking at options to enter the Saudi Arabian market as part of its expansion plans, according to the company’s top executive.

“We expect a 10 per cent growth in our net profits for 2012, and we are doing well. We don’t need any financial aid from the government,” Khami


Abu Dhabi markets itself to American tour operators

Abu Dhabi: With Etihad Airways’ daily non-stop flights to Washington DC being launched in March 2013 and increased on-ground trade engagement and promotional activities by Abu Dhabi in North America is expected to attract more US visitors to the emirate in the future, said leading American travel professionals, who were in Abu Dhabi as part


DFM Company reports Dh38.9m net profit in first three quarters

Dubai: Dubai Financial Market Company on Saturday reported a net profit of Dh38.9 million, a 411 per cent increase compared to the corresponding period in 2011.

The Company’s performance improved during the third quarter of 2012 with the quarterly net loss declining to Dh1.7 million compared to Dh9.3 Million in the third quarter of 2


Global Foundries to become profitable by 2015

Abu Dhabi: ATIC, the Advanced Technology Investment Company, a subsidiary of Mubadala, is expecting its semiconductor manufacturing company, Global Foundries, to become a sustainable profitable enterprise by 2015, ATIC’s CEO Ebrahim Ajami said.

“Over the coming two to three years, Global Foundries will be well on the path of profitability,” Aja


India’s Jet Airways quarterly losses narrow

Mumbai: India’s second-biggest private airline Jet Airways has reported its quarterly loss narrowed by 86 per cent from a year ago as it benefited from troubles roiling rival Kingfisher Airlines.

Jet announced late Friday a net loss of Rs997 million rupees (Dh69.23 million, $18.5 million) in the second quarter, down sharply from a Rs7.13-billion


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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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