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Dubai company enters Libya and Kenya

Dubai Danube, the UAE’s biggest building materials supplier, has expanded in the emerging markets of Africa with a footprint in Libya and Kenya – that will help the Dubai-based company tap greater opportunities in these markets while offering consumers and businesses in these feeder markets a slice of Dubai’s successes.

As the African market is set


Judge clears BP’s $7.8b settlement in US oil spill

WASHINGTON: British oil giant BP won approval Friday from a US federal judge of a $7.8 billion settlement with people and businesses who lost money and property due to the 2010 oil spill in the Gulf of Mexico.

Although the deal addresses the bulk of private claims over the Deepwater Horizon oil rig and the oil spill that resulted from


US fiscal cliff talks stall

Washington: The task of picking up the pieces of the “fiscal cliff” talks, and reassuring global financial markets that were shaky early on Friday, is likely to fall largely to President Barack Obama after Republicans abandoned their own proposed fix championed by House of Representatives Speaker John Boehner.

Boehner, the top


Italy prime minister Monti resigns

Rome: Italian Prime Minister Mario Monti resigned on Friday, bringing to an end a technocrat government brought in to save Italy from the Eurozone debt crisis, and triggering early elections.

Monti said at his last cabinet meeting that he was handing in his resignation to President Giorgio Napolitano, the government said in a statement.


US consumer spending up 0.6 percent

Washington: US consumer spending rose in November by the most in three years and a gauge of planned business spending jumped, signs that households and companies are shrugging off some of the fears tighter fiscal policy could cause a recession.

The Commerce Department said on Friday inflation-adjusted consumer spending rose 0.6 per cent, while


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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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