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DAE income surges 110%

Dubai Aerospace Enterprise, or DAE, on Tuesday said it recorded net income, excluding non-recurring items, of $81.3 million, or Dh298.7 million, for full year 2011, registering an increase of 110 per cent over the net income, excluding non-recurring items, of $38.8 million, or Dh142.6 million, for full year 2010.

Markets10 years ago

Markets

UAE nationals, int’l investors remain on par

DUBAI — Dubai Financial Market, or DFM on Tuesday said that the number of new investors registered during the first quarter of 2012 has grown by 93.5 per cent to 2613 investors compared to 1350 investors during the corresponding period of 2011.

Markets10 years ago

Markets

Boeing profit up on stronger airliner sales

Boeing Co posted a higher-than-expected quarterly profit on Wednesday, helped by an increase in commercial airplane deliveries, and the world’s largest aerospace and defense company raised its earnings forecast for the year.

Markets10 years ago

Markets

High-end TV sales help LG Electronics triple profits

LG Electronics Inc, the world’s No.2 television maker, more than trebled its quarterly profit to $393 million on improved margins and a pick-up in high-end TV sales, underscoring South Korea’s dominance in an industry once ruled by Japanese rivals.

Markets10 years ago

Markets

Britain back in recession

Britain’s economy sank back into recession in the first quarter, when it contracted by 0.2 percent amid ongoing state austerity and the eurozone debt crisis, official data showed on Wednesday.

Markets10 years ago