Jeema profits rise sharply
Dubai's Jeema Mineral Water reported a sharp increase in profits to Dh5.4 million ($1.47 million) from Dh2.7 million in 2002.

The company, in which the Dubai government has a sizeable stake, attributed the profits to the rapid strides the brand made last year to expand its market share in the UAE. Sales rose 60 per cent to Dh29 million from Dh18 million.
The company's annual general meeting approved a 15 per cent cash dividend on its capital base of Dh15 million.
The earnings per share doubled from Dh18 to Dh36.

Tea figures in talks
Dubai's tea imports have reached Dh834 million ($227 million) of which 28 per cent comes from Sri Lanka, according to published reports.
The revelation came as Dubai Chamber of Commerce and Industry (DCCI) director-general Abdul Rahman Al Mutaiwee held talks with Sri Lankan consul general P D Fernando.
The director-general, during his meeting stressed the need to consolidate trade relations with Sri Lanka.
Sri Lanka's annual tea exports to Dubai have reached Dh230 million, according statistics released by the chamber.
The reports said Fernando discussed ways to promote Dubai in the Sri Lankan business community in order to encourage more businessmen to set up operations and invest in Dubai.
Fernando announced that a delegation of high-profile Sri Lankan businessmen would visit Dubai in the second half of this year to discuss trading opportunities in the emirate.

Alujain to increase capital
Saudi Arabia's Alujain Corporation plans to increase its capital by SR327 million ($87 million) to SR500 million.
The capital increase will consist of a rights issue to current shareholders and a potential offering to the public.
The extra capital will be used to fund Alujain's expansion programme that will consist of investment in three projects in the petrochemicals industry within Saudi Arabia: Alfasel, Teldene and SuperAlkylate.
Alujain plans to have an equity participation of up to 40 per cent in each of these projects.