Dubai UAE, May 21- Emirates Group, that reported a profit of Dh4.2 billion for the year ending March 31, 2010, will pay Dh1.6 billion, a third of its profits, to the Dubai Government.
“Emirates has declared a dividend of Dh1.6 billion to its parent, the Investment Corporation of Dubai, a wholly owned Government of Dubai entity,” said a statement issued by the airline on Thursday. This is the highest dividend to date to be paid by Emirates to the government
“Against a background of the worst global recession in generations, large-scale economic uncertainty and unforgiving markets, the Emirates Group faced arguably its sternest test,” Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates Airline and Group, said.
Emirates profit results come at a time when Dubai World is struggling with debt problems.
Dublin Castle is steeped in the rich history of Ireland. It was first built in the early thirteenth century by Normans after their invasion of Ireland. The original castle was completed around 1230. The design was typical of Norman fortifications -- four walls with towers in each corner. The buildings and the purpose of the castle changed throughout the years. It serv...
Malabar Hills is an elite and posh residential area of Mumbai. It also has a few places of tourist interest like Walkeshwar Temple, Banganga Tank, Parsi Tower of Silence, Hanging Gardens, etc. Malabar Hills is the highest point in the city center being 50 meters above sea level. With some spectacular views of the city surroundings, Malabar Hill is a must-see place. Location: South Mumba...
This place is a former pearl trader’s home and a lush example of early Emirati architecture. Phone: 568 1738 Opening Times: Sat-Thu 8am-8pm, Fri 4-8pm Fees: Adult AED5, Child free, Family AED10...
This Renaissance house dates back to 1582, when it was the home of the Gremp von Freudenstein noble family. A country house was also added to the park in 1829. Be sure to visit this landmark for a get a feel for Frankfurt’s history. Address: Gremp House Grempstraße 36 Bockenheim Frankfurt, HES 60487 Tel: +49 69 2123 8800 ...