Date archive forSeptember, 2015
elen K Dupont
By Staff Writer On Wednesday, September 30th, 2015
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DuPont CEO and chair Ranks No. 5 on Fortune Most Powerful Women 2015

Ellen Kullman, CEO and chairperson of DuPont, has been named one of Fortune Most Powerful Women for 2015. The 59-year-old American business executive has maintained her 5th position on the 18th annual list which More...

Laudy Lahdo & Tara Rogers - Reach Board Members 2015
By Staff Writer On Wednesday, September 30th, 2015
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REACH appoints Laudy Lahdo and Tara Rogers to board

Non-profit REACH, has appointed Laudy Lahdo and Tara Rogers to its board with a vision to help develop the next generation of female professionals in the region Lahdo and Rogers will join REACH’s four founding More...

HE Hamad Buamim with the honourees
By Staff Writer On Tuesday, September 29th, 2015
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Dubai Chamber awards 16 CSR labels

Emirates Gas, Intercoil International, Dulsco and Ti’me Hotels were among the 16 companies recognised for their CSR activities by Dubai Chamber. Econosto Mideast B V, International Modern Hospital, Union National More...

Downtown Dubai by Emaar Properties
By Staff Writer On Tuesday, September 29th, 2015
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DSE to develop Dubai beachfront retail zone

Drake & Scull Engineering (DSE), the engineering subsidiary of Drake & Scull International PJSC has been awarded an AED 123 million contract for an unnamed mixed-use development in Dubai’s Jumeirah district. DSE More...

Abu Dhabi Suite - Image 4
By Staff Writer On Tuesday, September 29th, 2015
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Middle East hotels see performance drop

Compared to August 2014, hotels in MEA reported a 1.1% decrease in occupancy to 62.9%, a 1.6% drop in average daily rate to US$134.53 and a 2.7% decline in revenue per available room to US$84.57. Regional snapshot: More...

Eric Beranger, partner in Bain & Company's Middle East office
By Staff Writer On Monday, September 28th, 2015
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Five myths that surround the service business in the industrial sector

In many industrial companies, services play virtually no role. Yet the service business is reporting growth rates up to 40% faster than sales of new products. What’s more, the gross profit margin of services More...

Lexington grill
By Staff Writer On Monday, September 28th, 2015
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ROI period doubled for new F&B investments

ROI on F&B business has almost doubled for business in Dubai from three to four years, to five to seven, according to Farah George, general manager of Food and Beverage at Al Khayyat Investments. Speaking at More...

DC
By Staff Writer On Monday, September 28th, 2015
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Dubai Chamber projects 11% Islamic tourism growth by 2020

The number of Islamic travellers is expected to reach 150 million, by 2020, with their expenditure growing to $200m according to a report by Dubai Chamber of Commerce and Industry. The analysis, based on data from More...

sage_logo_positive_black.eps
By Staff Writer On Monday, September 28th, 2015
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Sage to enhance product with Microsoft agreement

Sage, the payroll and accounting software firm, is to collaborate with Microsoft on future product development including cloud solutions and integration between product portfolios. Sage has worked with Microsoft More...

Zabeel_Option05B_C01_LR.jpg
By Staff Writer On Monday, September 28th, 2015
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50% of new hotels to be 3-star or lower

Up to 50% of the 3,600 new hotel rooms to open in Dubai in the final months of 2015, will be rated 3-star or lower, according to a report by Jones Lang LaSalle. “Data released by Jones Lang LaSalle (JLL) revealed More...

ADAC_Midfield_Terminal_Complex_render_1
By Staff Writer On Sunday, September 27th, 2015
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Abu Dhabi Airport breaks traffic record

Abu Dhabi Airport saw a 17.4% increase in passenger traffic in August, with a total of 2,254,809 travellers passing through the airport compared to 1,920,934 in August 2014. It is the highest number of passengers More...

UK GCC rail
By Staff Writer On Sunday, September 27th, 2015
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UK firms eye business opportunities at NATRANS

UK Trade & Investment (UKTI) has announced its official support of the NATRANS Arabia 2015 conference, with the aim to bolster business opportunities for British firms looking to lend their expertise to the More...

Prof Chris Roebuck
By Staff Writer On Sunday, September 27th, 2015
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HR and leadership teams key to driving innovation

Best selling author and HR thought leader Professor Chris Roebuck has warned Middle East firms that HR and leadership teams must collaborate in order to drive innovation. Speaking ahead of this appearance at the More...

air expo-resized
By Staff Writer On Sunday, September 27th, 2015
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20% increase in Air Expo exhibitors

Abu Dhabi Air Expo is to feature 20% more visitors than its previous edition, with 70% of the exhibition space already booked ahead of the 2016 edition. Organised in cooperation with Abu Dhabi Tourism and Culture More...

HTC Desire 626 Dual SIM W
By Staff Writer On Friday, September 25th, 2015
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HTC unveils new Desire 626 dual sim

HTC has announced its HTC Desire 626 Dual SIM, its latest LTE-enabled smartphone and the successor to the HTC Desire 620G Dual SIM. “In order to meet the network evolution, as well as the requirements of all our More...

Doha - Qatar
By Staff Writer On Monday, September 21st, 2015
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Qatar Tourism Authority to track performance metrics

Qatar Tourism Authority has entered into a partnership with STR Global to track the performance metrics of its hotels and expand benchmarking services throughout the country’s hotel industry. Year-to-date through More...

Mövenpick Hotel Casablanca. Photo by Alan Keohane www.still-images.net
By Staff Writer On Sunday, September 20th, 2015
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19.1% increase in MEA hotel pipeline

There are 688 hotels totalling 175,574 rooms Under Contract in the Middle East/Africa region, according to the August 2015 STR Global Construction Pipeline Report, representing a 19.1% increase in rooms Under Contract More...

Bentley at Frankfurt motor show

Photo: James Lipman
By Staff Writer On Friday, September 18th, 2015
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Bentley unveils Bentayga SUV

Bentley Motors has unveiled its sector-defining Bentayga SUV, its “fastest, most powerful, most luxurious and most exclusive SUV in the world”, at the 66th IAA in Frankfurt. The model features a twin-turbocharged More...

audi 1
By Staff Writer On Thursday, September 17th, 2015
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New Audi Q7 Arrives in Dubai and Northern Emirates

The latest edition of the biggest selling Audi model in the Middle East is now on display at Al Nabooda Automobiles showrooms across Dubai and the Northern Emirates. As part of the launch of the new Audi Q7, Al More...

Facade Westin Excelsior Rome
By Staff Writer On Thursday, September 17th, 2015
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Katara Hospitality buys Westin Excelsior Rome for $251m

Qatari hospitality firm Katara Hospitality has bought The Westin Excelsior Rome from Starwood Hotels and Resorts for $251m. The property is Starwood’s third sale in recent months, following the handover of The More...

Wael Anantara
By Staff Writer On Thursday, September 17th, 2015
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Anantara targets obesity to increase productivity

Anantara Hotels and Resorts, Abu Dhabi is aiming to tackle staff illness and productivity by encouraging employees to live healthier lifestyles and lose excess weight. Creating its own version of hit TV show, The More...

software
By Staff Writer On Thursday, September 17th, 2015
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Software unveils ‘Smart Logistics’ blueprint for Digital Platform

German software enterprise company Software AG recently unveiled a smart logistics blueprint for its digital business platform that combines capabilities to digitize, analyse and monetise assets by enabling cutting More...

rockwell automation 2015
By Staff Writer On Wednesday, September 16th, 2015
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Rockwell to host 2015 Automation event in Chicago

The world of manufacturing and production is undergoing unprecedented changes with the convergence of information and operations technology, along with the emergence of modern technologies associated with the Internet More...

Compare it for me
By Staff Writer On Wednesday, September 16th, 2015
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Compareit4me Group raises $3m in venture capital funding

Compareit4me Group, which operates finance comparison websites across the Middle East, has raised $3 million in venture capital (VC) funding. The funding was led by STC Ventures, the VC arm of Saudi Telecom, with More...

milaha 1
By Staff Writer On Wednesday, September 16th, 2015
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Smooth sailing for Milaha in Qatar’s transport sector

Long-established maritime transport solutions provider Milaha participated as ‘Silver Sponsor’ in the three-day 4th Annual Qatar Transport Forum 2015 that recently concluded in the Qatari capital. It was held More...

MHME 2015 -1
By Staff Writer On Tuesday, September 15th, 2015
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MHE receives boost from potential Iran trade

Materials Handling Middle East 2015 enjoyed a buoyant start due to potential trade opportunities with Iran, according to Ahmed Pauwels, CEO, Messe Frankfurt, the show organisers. As manufacturers and suppliers set More...

mohammed-bin-rashid-al-maktoum-city-district-one-crystal-lagoon
By Staff Writer On Tuesday, September 15th, 2015
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Dubai hotels RevPAR down 13.9%

Key performance indicators published by STR Global show that revenue per available room in Dubai hotels decreased 13.9% during August 2015, compared to the same period last year.  Based on Dubai’s daily data More...

Cairo
By Staff Writer On Monday, September 14th, 2015
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Cairo needs 500,000 new homes by 2020

Cairo requires 500,000 new homes by 2020, according to a feasibility study conducted by Colliers International. The housing shortage specifically affects low income brackets, which has spurred key developers to More...

Ashley Roberts Big 5 Kuwait
By Staff Writer On Sunday, September 13th, 2015
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Big 5 Kuwait to open tomorrow

The Big 5 Kuwait opens at Kuwait International Fair on September 14, larger exhibition space for Building Interior Products; an open-air PMV zone; more than 20 free-to-attend CPD-accredited workshops; and JCB’s More...

The Nurol Park development
By Staff Writer On Friday, September 11th, 2015
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Turkey calling: Why Istanbul is the place to invest

The Nurol Park development Cityscape Global 2015 saw an influx of Turkish developers, showcasing investment opportunities in a number of diverse projects. Business Today catches up with Ceyda Carmikli, director More...

Bateaux Dubai
By Staff Writer On Thursday, September 10th, 2015
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Something for the weekend: Bateaux Dubai

The red carpet welcome to Bateaux Dubai From the Thames to the Seine, the most famous rivers, lakes and creeks have been sailed by foodies for decades, but few of these cities can boast a single cruise which has More...

construction generic shot
By Staff Writer On Wednesday, September 9th, 2015
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King Abdullah City “most expensive” project

A new report, GCC Major Building Projects, by Ventures Onsite has named Saudi Arabia’s $100bn King Abdullah City as the most expensive project currently under construction. King Abdullah City of Atomic and More...

1_Hyundai_Bangkok
By Staff Writer On Wednesday, September 9th, 2015
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Khalifa Port expands network with Hyundai addition

Khalifa Port Container Terminal (KPCT) has added a new service to its growing network list. Hyundai’s KMS service made its maiden call to Abu Dhabi’s main port recently with the arrival of the 6,800 TEU ‘Hyundai More...

Dubai Water Canal 1
By Staff Writer On Wednesday, September 9th, 2015
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Meydan spotlights two major developments at Cityscape 2015

Meydan City Corporation has highlighted two major real estate developments at Cityscape Global 2015, the region’s premier property showcase event. The star attraction is Meydan One, recently launched by HH Sheikh More...

28-33_img01-min
By Staff Writer On Tuesday, September 8th, 2015
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Tehran to sign $100bn energy deals

Lifting of sanctions on Iran will lead to drastic changes as Iranian businesses open to regional and global markets. The Opportunity Iran 2015 report by MEED reveals that Tehran will have $100bn worth of energy More...

finance saudi
By Staff Writer On Monday, September 7th, 2015
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Saudi Arabia to cut “unnecessary” expenses

Saudi Arabia Finance Minister Ibrahim Alassaf has announced the government’s decision to cut “unnecessary” expenses, including some current projects, to compensate for low oil prices, in an interview More...

Print
By Staff Writer On Monday, September 7th, 2015
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Carlson Rezidor to open first property in Iraq

Carlson Rezidor is to open a Radisson Blu Hotel in Erbil, in the Kurdistan region of Iraq, following a sighing with South Kurdistan Group (SKG) in Dubai on September 6. The hotel, scheduled to open in 2017, is the More...

bloom
By Staff Writer On Monday, September 7th, 2015
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Bloom Properties commences construction of Stella Maris

Abu Dhabi-based Bloom Properties has begun the construction of its Stella Maris project in Dubai Marina; the group’s first project in the emirate. The project is located at the southern end of Dubai Marina, More...

Creekside 18 at Dubai Creek Harbour
By Staff Writer On Sunday, September 6th, 2015
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Sale of Emaar’s Creekside 18 to begin September 12

Emaar’s waterside development Creekside 18 at Dubai Creek Harbour will go on sale to potential investors on September 12 with simultaneous sales events taking place in Dubai and Doha. The residences, part of The More...

DIFC
By Staff Writer On Sunday, September 6th, 2015
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DIFC H1 performance revealed

Dubai International Financial Centre (DIFC), has repored the number of active companies operating within its jurisdiction has increased 8.3% in H1 2015, with the number of people employed up 5% to a total more than More...

gitex stock
By Staff Writer On Saturday, September 5th, 2015
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Top 10: Gitex trends for the tech-savvy, Part 2

From Robotics to Virtual Reality, GITEX Shopper predicts exciting new gadgets, devices and innovations driving consumer technology, at Dubai World Trade Centre, October 3 – 10. 3D Printers The expansion of the More...

Gear_VR_Combination2
By Staff Writer On Friday, September 4th, 2015
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Top 10: Gitex trends for the tech-savvy, Part 1

From Robotics to Virtual Reality, GITEX Shopper predicts exciting new gadgets, devices and innovations driving consumer technology, at Dubai World Trade Centre, October 3 – 10. Wearables With wearable tech exploding More...

city centre
By Staff Writer On Wednesday, September 2nd, 2015
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Solar power first for Majid Al Futtaim mall

Majid Al Futtaim (MAF) new mall City Centre Me’aisem features the UAE’s first solar panel lighting solution yesterday. The ‘Bionest’ water recycling system in the mall’s parking area is a reflective roofing More...

pmv
By Staff Writer On Wednesday, September 2nd, 2015
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$193bn growth in construction contracts by year end

The construction sector is predicted to grow to more than $193bn in construction contracts by end of 2015. While the global construction equipment market is said to hit $240bn by 2020. Nathan Waugh, portfolio director More...