• Dubai Holding subsidiary announces loss

Dubai Holding Commercial Operations Group (DCOG), which comprises property and hotel interests within Dubai Holding including Jumeirah, reported a loss of AED23.6bn ($6.3bn) yesterday.

CEO Ahmad Bin Byat said Jumeirah’s occupancy had suffered "only slightly" in the recession to hit 73.4%. Revpar is expected to grow by 4% this year.

Accounts here: http://www.nasdaqdubai.com/resources/2010/6/1/9b83b06b-1be5-4b43-98bd-3e7e7065126b/DHCOG 2009.pdf

CEO statement here: http://www.nasdaqdubai.com/resources/2010/6/1/9b83b06b-1be5-4b43-98bd-3e7e7065126b/CEO MEssage.pdf

Press release here: http://dubaiholding.com/media-centre/news/2010/June-/DHCOG-Releases-2009-Financial-Results/

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