Netflix Facing Hurdles in Creating Facebook Application in America
Submitted by Gaurav Singla on Tue, 03/27/2012 - 13:14
It has been reported that video streaming and sharing site Netflix has been prohibited from making Facebook app in America. In 1980, a law to protect the privacy of the consumers was passed which, at present, is believed to be causing a trouble to Netflix in creating Facebook application.
A Decline in Operating Profit: Suspects Baker Hughes
Submitted by Isha Sondhi on Thu, 03/22/2012 - 12:33
Considering the changing market conditions, Baker Hughes Inc. BHI suspects the chances of its first-quarter operating profit to decline from the preceding quarter by 5.81%. According to their calculations and survey, it seems that due to market conditions, their product line has been badly affected in North America.
Singapore’s manufacturing sector output slips 9.6% in November
Submitted by Sukhbir Dhillon on Sat, 12/24/2011 - 08:17
Singapore's manufacturing sector suffered a year-on-year decline of 9.6 per cent in output in November, fresh figures compiled by the Economic Development Board (EDB) revealed.
Excluding biomedical output, manufacturing production slipped 13.5 per cent last month from the corresponding period of last year.
Dubai’s Drake and Scull Q2 net profit zooms 22%
Submitted by Tejinder Mangat on Sun, 08/14/2011 - 06:17
Dubai based Drake & Scull International posted healthy growth beating the forecasts made by analysts. The growth is attributed to diversification and expansion by the firm in regional markets other than the United Arab Emirates
(UAE).
Dubai Investments post 30 pct decline in net profit
Submitted by Faarooq Mehmood on Thu, 08/11/2011 - 05:43
Dubai Investments, in which sovereign fund Investment Corporation of Dubai (ICD)owns an 11.5-percent stake, has announced financial figures for the second quarter, reporting 30 per cent decline in its net profit. The UAE based conglomerate said that it would secure additional financing for expansion of business during the remaining period of current financial year.
UAE’s auto sector posts 19.7% growth in 2010
Submitted by Hasan Malik on Thu, 08/04/2011 - 04:16The Ministry of Foreign Trade (MoFT) recently released figures related to the automobile segment of the country. Country’s automotive market grew by 19.7 per cent in 2010 to $11.1 billion as compared to $9.2 billion reported during the corresponding period last year.
UAE's Air Arabia Q2 profit rises 2 %
Submitted by Hasan Malik on Thu, 08/04/2011 - 04:13
UAE budget carrier Air Arabia performed well during the second quarter despite challenging period and soaring tickets price regime. The firm reported 2 per cent increase in its Q2 net profit beating the projections of analysts.
The carrier earned a net profit of $13.9 million as compared to 50 million dirhams during the corresponding period last year. Air Arabia’s Q2 revenue rose 22 percent to 592 million dirhams from 485 million dirhams.
