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AFP UK-based construction and support services company Interserve has reported positive results from its construction activities in the GCC region. “Volumes are up, margins are steady, and order book is growing,” says Adrian Ringrose, CEO, Interserve speaking at the company’s half year results briefing on 24 February. “We are busy in in the region,” says Ringrose. “In terms of manpower ...

Atlanta / Bloomberg Home Depot Inc. posted fourth-quarter profit that topped analysts’ estimates and projected that its robust sales growth would continue this year, with consumers showing no signs of pulling back on renovations and projects. Profit in the quarter through Jan. 31 rose to $1.17 a share, the Atlanta-based company said Tuesday in a statement. Analysts estimated $1.10, on ...

DUBAI / WAM Governments around the world need to urgently remedy the issues of access to finance, education and legal system for women, according to Christine Lagarde, Managing Director of the International Monetary Fund (IMF). Opening the keynote panel discussion at the Global Women’s Forum Dubai 2016 on Tuesday, the IMF chief said, “Rules need to be changed. Three things ...

DUBAI / WAM Emirates Central Cooling Systems Corporation, Empower, has recorded a net profit of AED516 million for fiscal year ended December 2015, representing an impressive 27% increase over 2014. Total revenues for the year reached AED 1.66 billion, a 12% increase YoY. “Empower achieved an annual increase of 6.7% in its cooling capacity, to pass it over 1,115,000 Refrigeration ...

Dubai / WAM Dubai Business Events (DBE) Dubai’s official convention bureau, has welcomed 85 guests from Europe, including 70 hosted buyers and a further 15 of Europe’s leading media experts from the business events industry, to showcase the city’s world class meetings, incentives, conferences and event capabilities. Western Europe is a vital market for Dubai, and in 2015 it remained ...

Abu Dhabi / WAM The UAE Minister of Economy, Sultan bin Saeed Al Mansouri, on Tuesday met Russian Minister of Agriculture, Aleksandr Nikolayevich Tkachev, on the sidelines of the Gulfood 2016, a major food and hospitality trade event in the region. The UAE imports around 80 percent of its food needs, a major challenge that the UAE is working to ...

Dubai / Emirates Business The 20th World Registry Law Congress 2016’ global conference, which is aptly titled ‘CINDER Dubai 2016,’ continues on a strong note for its second day in a row. Organized by the Dubai Land Department in collaboration with the International Property Registries Association (IPRA-CINDER), the conference’s activities are geared towards facilitating discussions around trending topics such as ...

London / AFP The bosses of more than a third of Britain’s top companies on Tuesday urged voters to keep the country in the European Union, warning that a ‘Brexit’ would threaten jobs. Some 198 business leaders including Roger Carr, chairman of BAE Systems, BP CEO Bob Dudley and Ron Dennis, chief of F1 team McLaren, wrote a joint letter ...

Ritika Sharma Emirates Business The UAE is shaping the Arab fashion industry. And it will don a prominent role as the sector is poised to grow substantially in the next five years. Currently valued at US$300 billion, the Arab fashion industry is expected to touch US$500 billion by 2019. Emirati fashion designer Lamya Abedien, who aims at making the national ...

Alkesh Sharma Emirates Business Instant replies to customer queries always bring brisk business. Dubai-based start-up Brndstr is creating ripples in the industry with its new auto-reply tool which would enable technology entrepreneurs and corporates to promptly interact with their targeted customers, by using intelligent robotic responses. Brndstr is offering a wholesome directory of hashtag and emoji on Twitter platform to ...