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UAE delegation eyes PH for investment opportunities

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UAE

United Arab Emirates (UAE), one of the world’s wealthiest countries, is looking for investment opportunities in the Philippines and has also invited Filipino businessmen to come to UAE to look at opportunities there.

Posted: February 26th, 2014 in Latest Business Stories | Read More »

Jollibee putting up shop in UAE

FILE PHOTO

Homegrown fast-food chain Jollibee Food Corp. (JFC) is expanding its footprint in the Middle East with a new joint-venture deal that will bring flagship brand Jollibee to oil-rich United Arab Emirates.

Posted: February 26th, 2014 in Latest Business Stories | Read More »

Recovering Dubai faces billions of maturing debt

A night view of the Gate building is seen at the Dubai International Financial Center, DIFC, in Dubai, United Arab Emirates, Sunday Aug. 7, 2011. Stocks tumbled across the Middle East on Sunday as most regional markets reopened following the historic downgrade of the United States' credit rating. The region's markets mostly operate Sunday to Thursday. That meant they were the first to react to credit rating agency Standard & Poor's decision late Friday to cut the U.S. level one notch to AA+ from its top AAA rating. AP FILE Photo

As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up during pre-crisis years but the prospects are not gloomy, analysts say.

Posted: May 22nd, 2013 in Latest Business Stories | Read More »

Cebu Pacific flies to Dubai starting Oct.

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Budget carrier Cebu Pacific has chosen Dubai in the United Arab Emirates (UAE) as the first destination for its long-haul operations out of Manila, with flights starting Oct. 7 this year.

Posted: January 17th, 2013 in Editor's Pick,Headlines | Read More »

Emirates airline group annual profit dives 61%

Sheik Ahmed Bin Saeed Al Maktoum, chairman and chief executive of Emirates Airline & Group talks to an Associated Press reporter during the Arabian Travel Market exhibition in Dubai, United Arab Emirates last May 1, 2012. The airline group reported a 6- percent dive in net profit in the year to March 31, 2012. AP PHOTO/KAMRAN JEBREILI

Dubai’s Emirates airline group posted a 61-percent slump in net profit in the year to March 31 due to unprecedented economic pressures and record high fuel prices, the company said Thursday.

Posted: May 10th, 2012 in Featured Gallery,Latest Business Stories | Read More »

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