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Fri Jul 8 23:46:20 EDT 2011
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Al Farooj awards franchise rights to UK based Al-Amin - United Arab Emirates: As part of its expansion plan, Al Farooj Fresh, a fast-casual restaurant chain in UAE, has signed an agreement with Al-Amin Holdings, a UK-based business group, awarding them the franchise rights for opening up six Al Farooj outlets in the UAE. [AMEInfo.com]


SocialEyez launches operations in Latin America - United Arab Emirates: With its focus on the world's emerging markets, SocialEyez has this week launched its operations in Latin America. SocialEyez is recognized as one of the fastest-growing international social media agencies. [AMEInfo.com]

GE Lighting unveils its first dedicated distribution center in Middle East in Dubai's Jebel Ali Free Zone - United Arab Emirates: GE Lighting, an industry leader in major lighting solutions for commercial, industrial and residential use, today, unveiled its first full-fledged distribution center in the Middle East in Jebel Ali Free Zone, Dubai. The center marks a significant foreign direct investment by GE in Dubai's logistics sector. [AMEInfo.com]

Marks and Spencer Al-Futtaim announces that its new store in Mall of the Emirates now open - United Arab Emirates: Marks and Spencer Al-Futtaim announced that its new store in Mall of the Emirates, Dubai is now open. The new Mall of the Emirates store represents a highly convenient shopping destination for all Marks & Spencer customers located in the 'New Dubai' area of the Emirate, which includes Emirates Hills, The Greens, TECOM and Dubai Media City. [AMEInfo.com]

Aldar shares rebound, index ends lower - United Arab Emirates: The Abu Dhabi bourse ADX fell 0.08% to 2,714.77 points. Aldar Properties added 1.56%, closing at Dhs1.31. Shares of Green Crescent Insurance Company gained 1.52%, reaching Dhs0.67. Earlier in the day, Green Crescent said in a statement to the ADX that the recent price jump of over 16% during the week, was "purely market driven". "We know of no reason for the increase in the shares," the statement added. Some 42.27m stocks valued at Dhs73.12m were traded. Over the first trading week of July, the ADX General Index gained half a percent. [AMEInfo.com]