ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, sent a congratulatory cable to the President of the Islamic Republic of Pakistan, Memnon Hussein, on the occasion of his country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and His Highness Sheikh Mohamed bin …

  DUBAI / EMIRATES BUSINESS Dubai Financial Group (‘DFG’), a subsidiary of Dubai Group, has sold its 11.8% interest in EFG-Hermes Holding Company S.A E (“EFG”) to Natixis Group (“Natixis”). A European banking leader, Natixis has an extensive international presence with offices in Europe, the Americas, Africa, Asia and Australia. Fadel Al Ali, Chairman, Dubai Group, commented: “The sale of …

  RAS AL-KHAIMAH / WAM Gulf Pharmaceutical Industries, Julphar, announced sales revenue of AED759.7 million in the first half of this year. The company posted a gross profit of AED465.7 million and its net profit for the period was AED133.8 million. Dr Ayman Sahli, Chief Executive Officer at Julphar said, “We have accomplished significant progress. We have launched the real-time …