Dubai

Drydocks renews ties with BP

Drydocks renews ties with BPDrydocks World Dubai, the ship repair, conversion and new-build yard has announced that it has inked a mutual agreement with BP Shipping.

The sources said that according to the tie up agreement, the two companies will work closely to achieve optimum production levels based on mutually agreed terms, which entails strict implementation of accepted standards in safety, quality and environmental protection.

The sources further added that the agreement was inked during a two-day forum attended by representatives of both conglomerates that explored areas of mutual co- operation.

Saleh wins DLC's Dh400 million contract

Saleh wins DLC's Dh400 million contract Saleh Construction, UAE's largest construction and engineering company, has informed that it has bagged a contract worth Dh 400 million for the first phase core and shell construction for Dubai Lifestyle City (DLC).

The contract has been placed by DLC, which is an arm of the ETA Ascon Star Group, located in Dubailand and the project is on track for completion by end-2011 or first quarter of 2012.

DLC authorities stated in a communiqué that they will commence work on a model villa, condominiums and duplexes.

Pak leg spinner Kaneria found guilty of breaching ICC Code of Conduct

Pak leg spinner Kaneria found guilty of breaching ICC Code of ConductDubai, July 22 : Pakistan leg spinner Danish Kaneria has been found guilty of breaching the International Cricket Council (ICC) Code of Conduct following a hearing in Colombo yesterday.

Strauss breaks into top 20 Reliance Mobile ICC player rankings

Strauss breaks into top 20 Reliance Mobile ICC player rankingsDubai, July 21 : England cricket captain Andrew Strauss has broken back into top 20 batsman while Flintoff has also moved up the bowling rankings. Australia''s Michael Clarke has also been rewarded, but "Mr. Fixit" Michael Hussey slips out of top 20.

Flawless Diamond bags two new export orders worth Rs 32 crore

Flawless Diamond bags two new export orders worth Rs 32 crore Mumbai-based diamond and jewelry manufacturer Flawless Diamond (India) Ltd has notified that it has received two new export orders worth Rs 32 crore, for its Diamond and Branded and non Branded Diamond designer Jewellery.

The company has secured the first order worth Rs 18.50 crore from Malay Impex, Hong Kong while, the second order worth Rs 13.50 crore has been received by the company from Madrid Impex FZE, Dubai.

Both the orders are scheduled to be completed within 180 days, from receiving of contract.

Sri Lanka Cricket board meets ICC CEO Lorgat in Colombo

Sri Lanka Cricket board meets ICC CEO Lorgat in ColomboDubai, July 20 : ICC Chief Executive Haroon Lorgat on Friday met with officials from Sri Lanka Cricket (SLC) in Colombo as part of the ongoing process of information sharing with Members.

It was the fifth such meeting for Lorgat, having already caught up with the boards of Cricket Australia, Cricket South Africa, New Zealand Cricket and the Pakistan Cricket Board.

And it followed last week's launch event in Mumbai for the ICC Cricket World Cup 2011, to be staged in the Asian sub-continent, including Sri Lanka.

H1 profit of $1.25 billion posted by UAE telecom giant

H1 profit of $1.25 billion posted by UAE telecom giantSaturday saw UAE telecom giant Etisalat posting first half profits of 4.593 billion dirhams (1.25 billion dollars), thereby proving that the company has successfully dealt with global economic slowdown.

It was agreed that the net profits were down on the headline figure of 5.045 billion dollars (1.37 billion dollars) posted for the same period of last year.

However, it was noted that the unusual income of 892 million dirhams from the sale of shares in Saudi mobile operator Mobily had inflated the figures.

Gambhir heads Reliance Mobile ICC Player Rankings

Gambhir heads Reliance Mobile ICC Player RankingsDubai, July 15 : Gautam Gambhir has become the first India batsman in over four years to head the batting rankings after a double failure by Mohammad Yousuf dropped him out of the top three of the Reliance Mobile ICC Player Rankings for Test batsmen.

Bangladesh players Shakib and Shahadat fined for excessive appealing

Shakib Al HasanDubai, July 14 : Bangladesh spinner Shakib Al Hasan and fast bowler Shahadat Hossain have been fined 10 per cent and five per cent of their match fee while opener Imrul Kayes received a reprimand for breaching the ICC Code of Conduct for Players and Team Officials during the first Test against West Indies at St Vincent.

The three players were found guilty of excessive appealing by Andy Pycroft of the Emirates Elite Panel of ICC Match Referees in a hearing after the conclusion of the Test in Kingstown on Monday.

Study suggests recruitment reduced by downturn in Gulf

Study suggests recruitment reduced by downturn in GulfAccording to a recent study, there has been a sharp decease in recruitment activity in the Gulf due to ongoing global recession, which has also resulted in a deep fall-off in the number of vacancies advertised this year in Dubai.

It has been found via a research carried out by Middle East online recruitment firm GulfTalent.com that it has become quite common in the region to adopt discreet and confidential methods of hiring, as well as to shift to low-cost recruitment channels.

Drop seen in Deyaar Income due to property slump

Drop seen in Deyaar Income due to property slumpA decline in profits by 69% in the Q2 has been reported by Deyaar Development PJSC, which put a quarter of its projects in Dubai on hold; the blame of which it puts on a slump in property prices in the Emirates.

A fall by Dh75.4 million ($20.5 million) was recorded in net income. Earnings per share were not provided by Deyaar.

According to Bobby Sarkar, an analyst at Al Mal Capital PSC in Dubai, "The results are pretty much in line with expectations. They were affected by the downturn and unable to sell units."

Opening of Burj Dubai postponed

Opening of Burj Dubai postponedAs per the latest information, the Burj Dubai - the tallest tower in the world - will not open in September, but in December. This means that it will be finished three months later than scheduled.

It was specified by two contractors involved with the project that the new deadline was December, since there was work still left to be completed outside and inside the building.

The earlier reports, which said that there would be a "soft opening" on Sept 9, were dismissed by a person close to Emaar Properties, the company developing the Burj Dubai.

Oz batsmen move up Reliance Mobile ICC player rankings

Oz batsmen move up Reliance Mobile ICC player rankingsDubai, July 13 : Australia's batsmen are on the move in the ICC Player Rankings for Test batsmen with three of them achieving career-best rankings after a nail-biting finish in the first Ashes Test against England at Cardiff.

Koertzen becomes first umpire to stand in 200 ODIs

Koertzen becomes first umpire to stand in 200 ODIsDubai, July 11 : Rudi Koertzen of the Emirates Elite Panel of ICC Umpires today made history when he became the first umpire to stand in 200 One-Day Internationals by umpiring in the second ODI between Ireland and Kenya in Dublin.

Koertzen (60) made his international debut on December 9, 1992, in a match between South Africa and India in Port Elizabeth and since then has gone on to become one of the game's most respected officials, also standing in 99 Tests.

Pakistan fined for slow over-rate in Galle Test

Dubai, July 7 : The Pakistan team has been fined for maintaining a slow over-rate during its 50-run defeat against Sri Lanka in the first Test in Galle on Tuesday.

Alan Hurst of the Emirates Elite Panel of ICC Match Referees imposed the fines after Younus Khan's side was ruled to be one over short of its target at the end of Sri Lanka innings when time allowances were taken into consideration.

In accordance with the ICC Code of Conduct regulations governing over-rate penalties, players are fined five per cent of their match fees for every over their side fails to bowl in the allotted time, with the captain fined double that amount.

As such, Younus was fined 10 per cent of his match fee while his players received five-per-cent fines.

Pakistan challenges Sri Lanka for fourth place in Reliance Mobile ICC Test Championship table

Pakistan challenges Sri Lanka for fourth place in Reliance Mobile ICC Test Championship table   Dubai, July 2 : Following victory over Sri Lanka in the final of the ICC World Twenty20 2009 at Lord’s last month, Pakistan aims to carry that momentum into the three- Test series against Sri Lanka starting at Galle on Saturday as it targets fourth place in the Reliance Mobile ICC Test Championship table.

Arkiteknik gets nod to design family court in Muhaisnah

Arkiteknik gets nod to design family court in Muhaisnah Arkiteknik International, a local architecture practice firm, has announced that it has got sanction from Dubai Municipality to design a family court for nationals, which will be situated in Muhaisnah, Dubai.

The sources said that the project is a smaller version of satellite courts being set up in the Emirates.

The sources further added that the firm is a subsidiary company of Dubai Investment Properties (DIP) and has been functioning in Dubai for 18 years. It has worked on projects such as Grand Hyatt, Twin Towers, Palm Strip Mall.

OAM signs deal with U Concept

OAM signs deal with U ConceptOmniyat Asset Management (OAM) has announced that it has inked a memorandum of understanding (MoU) with Dubai-based U Concept, a premier health and fitness service provider.

Under the arrangement, U Concept will provide unique lifestyle services to tenants of the Dh507 million One Business Bay, which will be delivered in the second quarter.

U Concept will operate the entire podium roof consisting of about 21,500 square feet of One Business Bay, offering recreation, beauty as well as food and beverages.

Dubai Trade in Mashreq deal

Dubai Trade in Mashreq deal Dubai Trade, the online platform of Dubai World, has announced that it has inked an agreement with Mashreq.

The company has entered into this pact with the aim to offer the bank's direct debit services to customers using Dubai Trade's e-payment services.
 
According to sources, the alliance allows clients of Dubai Trade's centralised e-payment gateway Rosoom to use Mashreqbusinessonline to settle their monetary transactions with global marine terminal operator DP World and Jebel Ali Free Zone.
 

Flawless Diamond bags two order worth Rs 11 crore

Flawless Diamond bags two order worth Rs 11 crore Mumbai-based Flawless Diamond India Ltd. has received two orders worth Rs 11 crore from different buyers.

The company has received first order from Madrid Impex FZE, Dubai for Rs 5.20 crore, while the another order was picked from Malay Impex, Hong Kong for Rs 5.80 crore.
The orders are schedule to be completed within 180 days.

The shares of the company closed today at Rs 38, up 2% compared to previous close. The scrip has made 52-week-high and low of Rs 64 and Rs 13 respectively.




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