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Abu Dhabi hotel guest arrivals up 30%

ABU DHABI / Emirates Business Abu Dhabi recorded a remarkable 30% increase in the number of hotel guest arrivals this June, compared to the same month in 2016, boosted by an exceptional Eid Al Fitr period, which saw many premium hotels fully booked. In first six months of 2017, the emirate welcomed more than 2.25 million guests to its 165 ...

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ADX launches new system for employees’ equity incentives

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX) has requested all listed companies to disclose the agendas and outcome of their board meetings which discuss the possibility of awarding shares to their employees in form of equity incentives. The request comes in implementation of the Securities and Commodities Authority’s resolution under which the system of issuing public stock ...

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Aramex records 4% growth in revenue during second quarter

DUBAI / Emirates Business Aramex, the disruptive leader in the global logistics and transportation industry, announced its financial results for the Second Quarter and First Half of 2017. Aramex’s Q2 2017 Revenues grew by 4% to AED 1,148 million, compared to AED 1,105 million in Q2 2016. Net profits in Q2 2017 decreased by 23% to AED 97 million, compared ...

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