ADNH posts first-half profits of Dh324m.Byline: Staff Report Abu Dhabi: Abu Dhabi National Hotels (ADNH), a hospitality group in the UAE with interests in hotels, transportation, travel, tourism and catering, on Thursday announced its fin-ancial results for the first half of this year. The company's first half net profits ending June 30 were Dh324.2 million, a 17.1 per cent increase over the corresponding period of 2008. ADNH's consolidated revenues were Dh950.6 million. "Despite the challenging environment, ADNH has continued to thrive in all of its business operations," Chairman Saif Mohammad Al Hajiri, said. "The hotel division achieved excellent results with respect to revenues and occupancy rates for both ADNH's international brands and the Al Diar Group. Catering and General Purchasing Divisions in particular have enjoyed significant increases in business as compared to the corresponding period last year." "Such remarkable results were possible thanks to the consistent efforts undertaken by the Abu Dhabi Tourism Authority, Etihad Airlines, and the Abu Dhabi National Exhibition Centre that raise the profile of Abu Dhabi as the region's catalyst for business, tourism and the MICE [meetings, incentives, conferencing and Exhibitions] sector." This week, ADNH inaugurated Al Diar Barsha Hotel Apartments, an 87-suite hotel close to the Mall of the Emirates The Mall of the Emirates is a shopping mall in Dubai, United Arab Emirates. It is currently owned by Majid Al Futtaim (MAF Holding). It is currently the largest shopping mall in the Middle East, although the Dubai Mall, which is under construction by Emaar, and Mall of Arabia will , Dubai Media City Dubai Media City (DMC) part of Dubai Holding is a tax free zone within Dubai, United Arab Emirates. It has been built by the Dubai government to boost UAE's media foothold, and has become a regional hub for media organizations ranging from: news agencies, publishing, online media, , and the American University in Dubai The American University in Dubai (AUD) (in Arabic:الجامعة الأمريكية في دبي ) is a for-profit private educational institute located in Dubai, United (AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ). The soft launch of ADNH's five star 438-room Sofitel Jumeirah Beach Hotel  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , part of the dynamic residential and entertainment hub known as the JBR, is about to take place. "ADNH will continue to expand its portfolio of properties designed to set new trends in the hospitality sector both within the UAE and the region," CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Richard Riley said. "The construction of ADNH's Grand Canal Abu Dhabi, a JW Marriott hotel, is progressing very well and is on target for completion mid-2010. "In addition, construction of the Park Hyatt Sa'adiyat Island has commenced, scheduled for opening by early 2011. This development will be an integral and highly important addition to the growing number of luxury hotels in Abu Dhabi," Riley said. Al Nisr Publishing Al Nisr Publishing is a company based in Dubai, UAE. The company is a part of Al Tayer Group. It was established in 1985 by Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. It employs 1,050 people and has branches in Manilla, Bahrain, Abu Dhabi and Sharjah. LLC 2009. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion