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THE ECONOMY - BUSINESS

Sharjah to set up shopping body mall

Posted on 23/04/2001

The first Shopping Centres Association is being formed in Sharjah to improve the retail section in the emirate, said a tip government official. The body would be set up next month. "It comprised members of all the major shopping malls and at least two representatives from the Sharjah Government,” said Sheikh Tariq bin Faisal Al Qasimi, Chairman of the Sharjah Economic Department, Free Zone and the Commerce and Tourism Development Authority. The main objectives of the body would be to draw ...  >>MORE

Large scale water bottler to boost capacity

Posted on 28/02/2001

Oasis, a major among five-gallon water bottlers, is increasing capacity from around 40,000 bottles a day to 50,000 at its Abu Dhabi plant. This will see the company's capacity going up by more than 20 per cent within six months, while that at the Abu Dhabi plant will go up from around 15,000 bottles a day to 25,000, company officials said at the sidelines of Gulfood exhibition which ends today at the Dubai World Trade Centre. The company is also holding talks with business groups in Libya, ...  >>MORE

Oasis buys 50% in bulk carrier

Posted on 20/02/2001

Oasis International Leasing Company (Al Waha) has acquired a 50 per cent stake in a new capesize bulk carrier. This marks Al Waha's first transaction in shipping. The 172,000-tonne vessel, named 'Bagru' was built in Japan and is capable of carrying a variety of dry cargo commodities including iron ore, coal and grain. The transaction was entered into in partnership with Norwegian shipping company Torvald Klaveness Group. Klaveness will also act as technical manager while a consortium lead by ...  >>MORE

GCC businesses in the UAE flourish

Posted on 11/02/2001

GCC nationals who are doing business and holding professional posts in the UAE grew by 39.7 per cent in the last two years from 3,795 in 1998, to 5,302 by the end of 2000, thanks to the attractive trade and economic facilities offered by the country, according to a Dubai Chamber of Commerce and Industry (DCCI) study. ‘The UAE has become a trade hub for the GCC businessmen who are eager to benefit from the huge incentives offered to various economic activities,' the study said. A breakdown ...  >>MORE

Oasis reports strong profit growth for 2000

Posted on 10/02/2001

Abu Dhabi-based Oasis International Leasing Company (Al Waha) has announced a net profit of Dh36 million for 2000, up 80 per cent from Dh20 million in the previous year. Oasis attributed the sharp rise in net profit to a 55 per cent increase in revenues to Dh174 million from Dh112 million in 1999. The joint-stock company's board of directors has decided to distribute 55 per cent of the year's profit, representing a 4 per cent cash dividend to shareholders. The dividend distribution - ...  >>MORE

UAE's outdoor advertising market posts 9pc growth

Posted on 13/01/2001

The outdoor advertising market in the UAE is recording average annual growth of nine per cent, according to Mohamed Al Noori, head of the Advertising Section, Planning and Survey Department, Dubai Municipality. "The market in Dubai is particularly buoyant. Growth is being driven by the opening up of new areas of Dubai," said Al Noori. "Dubai is expanding and new opportunities are emerging," he added. Al Noori cited the new ring road between Sharjah and Abu Dhabi as an emerging opportunity. ...  >>MORE

DCCI launches Business in Dubai magazine

Posted on 08/01/2001

The Dubai Chamber of Commerce and Industry has announced the launch of its modified magazine with a new name – Business in Dubai. The new magazine replaces the former Trade & Industry, which DDCI has been bringing out for the last 25 years. The decision to come up with a new format is in line with the chamber's mission and objectives characterised by quality services to members as well as businessmen and enterprises interested in joint ventures. The magazine would be open for any ...  >>MORE

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