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HuaweiZURICH — Julius Baer, one of Switzerland’s best-known private banks, has suffered a heavy and unexpected blow with the surprise death of Alex Widmer, its popular and well-respected chief executive.
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ABU DHABI — Oryx Holdings, a Qatari based diversified group and Six Flags, Inc., one of the largest, most widely recognised theme park operators in the world, will create a Six Flags branded theme park within the Qatar Entertainment City (QEC), a mixed use development in Lusail to be opened by mid-2012.
PARIS — Abu Dhabi airline Etihad has firmed up a $10 billion Airbus plane order in a landmark deal that could see the planemaker build part of its next generation of jets in the emirate, a source close to the deal said on Friday.
TOKYO — The United Arab Emirates will hold talks with the Japanese government and reactor makers such as Hitachi Inc. and Toshiba Corp. this month as it seeks Japan’s help to develop nuclear power plants.
DUBAI — Brother Group, a global leader in the development and manufacturing of printing, communication and digital imaging products for homes, small office/home offices and enterprises, announced that it has posted Dh5.162 billion in global revenues for the second quarter of FY 2009.
DUBAI — SriLankan Airlines has removed its present Fuel Surcharge on fares throughout almost its entire route network with effect from January 1, in order to pass on the benefits of reduced fuel prices to passengers.
DUBAI — Gulf oil exporting countries are well-placed to weather a downturn in the global economy despite a nearly $100 a barrel drop in oil prices from record highs this summer, says a research report of the Institute of International Finance (IIF).
MUMBAI — India’s benchmark stock index fell, led by software exporters, after a newspaper reported Infosys Technologies Ltd. will freeze hiring in the next fiscal year.
DUBAI — Bahrain-based Investcorp became the first bank in the kingdom to announce staff cuts in the wake of the global downturn.
DUBAI — Emirates Bank, one of the largest banking group in the UAE Banking Sector, is offering its credit cardholders a Double Rewards promotion and also to double their meMILES, Dnata or NBD cashbacks during the festive season.
