Huawei posted impressive financial results for the first half of 2011. Sales revenue grew 11 per cent YoY to US$15.34 billion and operating profit reached US$1.94 billion.
Huawei profits surge to US$1.94 billion
Technology
Du to invest US$460mn for network projects in 2011
Othman Sultan said du would not need any new loans till the end of 2011
du is planning to inject nearly US$460mn into new mobile and fixed line network projects this year after paying back debt to banks, according to dus CEO Othman Sultan.
Modon has spent US$1.86 billion on industrial cities
Modon revealed that the total cost of the establishment, expansion and development of industrial cities in Saudi Arabia over the past four years has amounted to about US$1.86 billion.
Dubai to launch gas strategy
Dubai will launch a gas strategy next year aimed at reducing rising energy demand in the emirate and will tender to appoint a specialist consultant for the plan by year-end, the emirates top energy council said.
Drake and Scull posts stronger Q2 revenues
Drake & Scull International PJSC (DSI) reported higher profits and revenues for the second quarter 2011. Net income increased by 22 per cent to hit US$14.9mn compaired with US$12.25mn last year.
More Articles …
