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Nation

DP World’s first-half profit climbs 26 per cent to $332 million
Global marine terminal operator DP World reported on Thursday a 26 per cent rise in net profit to $332 million in the first half of 2014 compared to $264 million in the corresponding period of 2013.
Flydubai covers 80 routes
Flydubai announced the addition of three new East African routes, bringing the total number of destinations in the carrier’s network to 80.
Danube achieves 16% sales growth
Danube Group recently announced that the group achieved a continuous sales growth of 16 per cent in the first six months of this year, on the back of a strong performance in Q1.
Renovated HyperPanda store opens in Dubai
Azizia Panda United Co recently held an inauguration ceremony to mark the re-launch of its HyperPanda store in Dubai Festival City.
Qatar Airways to get first A350 XWB aircraft
Qatar Airways, the launch customer of the Airbus A350 xtra widebody aircraft is set to receive its first delivery before the end of this year.
Burgan Bank set to meet investors
Kuwait’s Burgan Bank has chosen banks to arrange meetings with investors ahead of a potential issue of a capital-boosting bond, a document from lead managers said on Thursday, in what would be the first such debt sale from a Kuwaiti entity.
Lamprell churns bigger net profit
Oil rig maker Lamprell Plc’s operating profit nearly tripled as it completed four major projects ahead of budget in the first half of the year.
Gulf Marine pays first dividend
Gulf Marine Services, a provider of support vessels for offshore oil exploration, is to pay its first dividend after interim profit rose amid strong demand.
Emirates Arik Air sign
 agreement
Emirates and Arik Air will also explore other areas of cooperation for the future, including frequent flier programmes, passenger and cargo handling.
Next Dubai Expo 2020 phase design set to start
Preparations for Dubai’s showpiece event are in full swing
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