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DRAKE AND SCULL REPORTS A SECOND QUARTER LOSS

Contractor Drake and Scull has posted a 49% slump in net profit for the second quarter.

The Dubai-based company says finance costs from acquisition funding and contracts provisioning had hindered profit growth.

The firm’s exposure to the euro through its German subsidiary was also a factor.

Residents in the UAE and other GCC countries want more functional and innovative furniture and designs for their homes.

Philippine Embassy officials in Abu Dhabi are cautioning Filipinos in the capital not to have their documents falsified.

Authorities in the capital are cracking down on fake beauty products being sold at a trade show.

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