RITIKA SHARMA / EMIRATES BUSINESS Dubai Airport Freezone Authority (DAFZA) seems to be turning into a business hotspot for Indian companies. The freezone has reported a 23 percent increase in the number of Indian firms operating within its premises during 2015. Official statistics reveal that India led the list of DAFZA investors last year, accounting for 38 percent of total …

DUBAi / WAM Gulf Navigation Holding, GULFNAV, the Dubai-based shipping company, has achieved a 101% profit growth by the end of year 2015 compared to the previous year. The company released its latest financial statement amidst its strong and consistent financial turnaround and continuous intensified efforts to address creditor concerns. According to GULFNAV’s financial report, its net income reached AED …

Dubai / emirates business Drake & Scull International PJSC (DSI) announced its preliminary un-audited financial results for the fiscal year 2015 ended December 31. DSI continued to execute its projects on schedule and reported revenue of AED 1.4 billion in Q4 2015 compared to AED 1.1 billion reported for the same period last year. DSI normalized its profitability following the …