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Aarti Drugs closes UAE-based subsidiary


Pinnacle Life Science, a wholly-owned subsidiary of Aarti Drugs, incorporated at International Free Zone Authority (IFZA) in Fujairah, UAE, has been closed.Pinnacle Life Science was not a material subsidiary of the company and did not have any business activity. The winding up of this subsidiary will not affect the revenue or business of Aarti Drugs. The announcement was made after market hours on Friday, 19 February 2021.
The drug maker s consolidated net profit soared 144.9% to Rs 68.03 crore on 12% rise in net sales to Rs 530.25 crore in Q3 December 2020 over Q3 December 2019.
Shares of Aarti Drugs fell 0.09% to Rs 642. Aarti Drugs is a pharmaceutical company and has a strong presence in the anti-diarrhea, anti-inflammatory therapeutic groups. ....

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Dubai Investments' Fujairah tower nearing completion


Dubai Investments Fujairah tower nearing completion
DUBAI, January 31, 2021
Al Taif Investment, a joint venture between Dubai Investments and Fujairah Investment Establishment, said work on its AED 470 million ($128 million) mixed-use landmark project, Al Taif Business Centre, is nearing completion.  
 
Dubai Investments said the final touches on the fit-outs was progressing steadily and the offices and the mall works are likely to be completed in the first quarter. 
 
The project, spread across two towers of 19 floors each, comprises the mall and the office tower and the hotel and hotel apartments tower. 
 
Al Taif Mall, the G+2 level shopping mall, is spread across both the towers and is equipped with the basement and a retail area comprising of 45 retail outlets including a supermarket in core and shell set-up, food outlets, restaurants with outdoor terrace facility and an addition of 12 stores located in the basement to be used by ....

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