Dubai Chamber launches Dubai Smartpreneur Competition
In line with the vision of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai, to transform Dubai into a “Smart City”, the Dubai Chamber of Commerce More...
CBQ Raises QR 2 Billion to Boost Capital
The Commercial Bank of Qatar has announced raising QR 2 Billion to boost its capital adequacy ratios. Qatar’s first private bank raised this amount by issuing Additional Tier 1 Perpetual Capital Notes. CBQ More...
Aldar awards Pivot Construction for Al Jimi Mall extension
Abu Dhabi-based Aldar Properties awarded an AED318m contract for Al Jimi Mall’s refurbishment and expansion works to Pivot Construction Company. Al Jimi Mall, located in Al Ain, is currently fully occupied with More...
Designs unveiled for the world’s greenest resort in UAE
Dubai-based Eco Resort Group revealed Oasis Eco Resort, the world’s greenest resort, located in Liwa, UAE, on 1 March 2016. The project will feature a spring in between the resort with rooms and functional areas More...
Eurozone Unemployment at Lowest since August 2011
Eurozone unemployment fell to its lowest level in four-and-a-half years in January, official data showed. Joblessness in the Eurozone has gradually crept lower since the alarming highs of the debt crisis, but the More...
S&P says global government debt to keep rising in 2016
United States, China, Brazil and India are expected to keep world government debt rising this year, Standard and Poor’s said on Monday, despite a small reduction in the annual global borrowing bill. Total More...
Dubai Islamic Bank to distribute 45% cash dividend for 2015
Dubai Islamic Bank, DIB, has announced the distribution of a 45% cash dividend for 2015, a 12.5% increase from the previous year, following the conclusion of its Annual General Meeting, AGM. Dubai Islamic Bank The More...
Dubai to build the largest wholesale hub in the world
Vice President and Prime Minister of UAE, H. H. Sheikh Mohammed bin Rashid Al Maktoum, launched Dubai Wholesale City on 1 March 2016, Emirates News Agency reported. The project will be largest wholesale hub in the More...
Souq.com raises more than $275 million
Souq.com, the Middle East’s largest online retail and marketplace platform, announced today that it has completed a funding round of more than AED1bn ($275 million), the largest financing of an e-commerce business More...
