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Business Nation

National Bank of Fujairah opens NBF Capital office in DIFC
National Bank of Fujairah (NBF) on Wednesday announced the official opening of the office of NBF Capital, a fully-owned subsidiary of the bank that offers bespoke financial advisory solutions.
Taqa starts operations at Bergermeer Gas Storage
Taqa, the international energy and water company of Abu Dhabi, on Wednesday announced the start of preliminary commercial operations at its Bergermeer Gas Storage facility in the Netherlands.
Dubai inflation increases 
to 2.59% in first quarter
Inflation in Dubai rose to 2.59 per cent in the first quarter of 2014 compared to the same period of 2013, mainly due to an increase in the prices of goods and services, data from Dubai Statistics Centre revealed.
UAE Banks Federation approves action plan
The UAE Banks Federation, a professional representative body representing 49 member banks operating in the UAE, held its Ordinary Annual General Assembly Meeting on Wednesday in Dubai.
Dubai’s hospitality sector outdoes regional growth
Overall hospitality market recorded an average occupancy rate of 87 per cent in January 2014, a slight drop from January 2013 of 2.6 per cent.
HSBC gives India business to Doha Bank
HSBC Bank Oman said on Wednesday it had agreed on the sale of its Indian business to Qatar’s Doha Bank. No value for the transaction was given in the statement to the Muscat Securities Market, but the Omani lender said the unit had two branches and gross assets worth Rs3.5 billion ($58.1 million) at the end of 2013.
Tabreed highlights CSR initiatives
National Central Cooling Company (Tabreed), the leading Abu Dhabi-based district cooling utility infrastructure company, on Wednesday launched its first annual Corporate Social Responsibility (CSR) report.
GCAA discusses air traffic management
The Air Traffic Management (ATM) Modernisation Symposium in Abu Dhabi recently shed the light on the latest developments in the Air Traffic Management arena, including future market forecasts and ATM modernisation status.
Abraaj Group buys stake in Kool Food
The Abraaj Group on Wednesday announced the acquisition through one of its funds of a stake in Kool Food, a leading Moroccan chocolate confectionery manufacturer based in Casablanca.
Magicbricks.com to host property expo in Dubai
India’s leading property portal Magicbricks.com is organising a two-day property expo in Dubai, India Property Show 2014, at Hotel Le Meridian on April 18 and 19.
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