Turkey among candidates for UN seat
Turkey is competing for the two vacant seats reserved for Western Europe in the U.N. Security Council for 2009-2010. There are five permanent seats and 10 non-permanent seats in the Security Council. Austria, Iceland and Turkey are contesting for the two vacant seats for 2009-2010. U.N. Secretary General Ban Ki-Moon has spoken this week about [...]
Christie's Dubai Art Auction
Iranian Parviz Tanavoli's “The Wall (Oh Persepolis)'' fetched $2.84 million at a Dubai art sale, an auction record for a Middle Eastern artist. “The Wall,'' was the highlight of Christie's International's auction of modern and contemporary art in Dubai yesterday. London-based Christie's said it sold more than $20 million of art, mainly by Arab and [...]
Dubai based Emirates profits soar despite fuel costs
Dubai based Emirates airline have announced a profit rise in the last fiscal year of 62 percent despite higher fuel costs, as it increased both passenger and cargo traffic. Profit was $1.36 billion in the year to March 31st, despite paying $500 million more than it had budgeted for fuel. The global airline industry has [...]
Mars GCC to increase investment in Dubai factory
Mars GCC, the regional manufacturer of confectionary products has embarked on a major expansion plan in its Jebel Ali factory in Dubai and is expected to invest about Dh400 million over the next two years. Mars GCC is looking for a huge chunk of the region's $2 billion snack food market by tripling its business [...]