London: Crude oil dropped more than $1 towards $108 a barrel on Monday as stock markets tumbled and the dollar strengthened after an unusual bank bailout proposal for Cyprus threatened to trigger fresh turmoil in the Eurozone.
News that Cyprus would have to tax depositors as part of the bailout plan sparked fears of a run on some
London: Gold rose above $1,600 for the first time in more than two weeks on Monday as a radical bailout package for Cyprus threatened to trigger fresh turmoil in the Eurozone, sending some investors towards the relative safety of gold.
The Eurozone agreed on Saturday to hand Cyprus a bailout worth €10 billion ($13 billion), but r
Abu Dhabi: Finance House PJSC (FH) has approved the distribution of cash dividend of 12 per cent to shareholders, FH said in a statement following the annual general meeting of the bank.
FH has reported a net profit of Dh72.2 million, up 20.4 per cent from Dh60 million in the 2011, and customer deposits increased by 16.5 per cent to Dh1.8 billion
Sales transactions during the first Abu Dhabi Electronics Shopper (ADES2013) are expected to amount to Dh25 million by end of the show’s last day (Monday) as more visitors are projected to come to the Abu Dhabi National Exhibition Centre (Adnec).
“The deals as per Sunday evening were Dh20 million and we expect the sales transactions to hike Dh5 m
Paris/Stockholm: STMicroelectronics and Ericsson will end their loss-making mobile chip joint venture ST-Ericsson by splitting parts of the business between them and closing the rest with the loss of about 1,600 jobs.
The announcement follows months of speculation about the future of ST-Ericsson, which has been hit by a big drop in orders from top
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)...
Our Location
Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.
