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AED2.1bn new Abu Dhabi-Dubai road to complete by this year

Abu Dhabi / WAM The Abu Dhabi General Service Company (Musanada) has announced that the construction of AED2.1 billion new highway linking Abu Dhabi and Dubai is 70 percent complete. The road, spanning from Seih Shuaib to Sweihan Interchange, is expected to be completed by the end of this year, according to Musanada. Eng. Faisal Ahmed Al Suwaidi, Director-General of ...

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DHCOG posts 25% hike in net profit

Dubai / WAM Mohammad Abdulla Al Gergawi, Chairman of Dubai Holding announced on Saturday the preliminary unaudited financial results of its business group, Dubai Holding Commercial Operations Group (‘DHCOG’), for the year ended 31 December 2015. DHCOG continued to see good operational progress with all businesses performing well and contributing to Group profitability. Net profit increased to AED 5.83 billion, ...

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Modi’s investment call

Mumbai / AFP Indian Prime Minister Narendra Modi renewed his call on Saturday for firms to invest in India and turn it into a global manufacturing hub, painting the country as a bright spot for investment in an uncertain world economy. The right-wing prime minister was addressing a gathering of industry leaders, CEOs and foreign dignitaries in the commercial capital ...

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