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Sharjah
By Staff writer On Saturday, November 5th, 2016
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H.E Sara Al Madani Reveals Sharjah’s Top Five Tourism Hotspots

Her Excellency Sara Al Madani, Board Member at Sharjah Chamber of Commerce and Industry reveals her top five recommendations for visitors heading to Sharjah. Sharjah 1) Meliha Archaeological Centre (Meliha desert) Launched More...

rta_emaar_dipmf
By Staff writer On Friday, November 4th, 2016
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Emaar, DEWA to continue as Project Management Forum co-organisers

The Roads and Transport Authority (RTA) has agreed a deal with Dubai Electricity & Water Authority (DEWA) and Emaar Properties to organise the Dubai International Project Management Forum (DIPMF) for a further More...

world-tourism-550x367
By Staff writer On Thursday, November 3rd, 2016
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DTCM Reports Growing Number Of Operational Holiday Homes

A new report from Dubai’s Department of Tourism and Commerce Marketing (DTCM) has revealed that Dubai’s holiday home sector is growing with a total of 1,805 approved units to date. This growth is being driven More...

By Staff writer On Wednesday, November 2nd, 2016
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Nakheel adds rooftop club to Circle Mall

Nakheel is creating a new community club at Dubai’s Jumeirah Village Circle by adding a pool, sports and restaurant complex to the roof of The Circle Mall. The JVC Club will feature a 300-seater restaurant, a More...

du telecom23
By Staff writer On Tuesday, November 1st, 2016
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Financial results for du’s third quarter of 2016 announced

Emirates Integrated Telecommunications Company, du, today published its financial results for the third quarter of 2016, showing a 2.9% rise in revenue to AED3.14 billion. Net profit before royalty rose 2.4% to More...

azizi_aliyah
By Staff writer On Tuesday, November 1st, 2016
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Azizi launches $128mn Dubai Healthcare City project

Azizi Developments has announced plans to develop its first project in Dubai Healthcare City. The AED 470mn ($128mn) serviced residence, dubbed Azizi Aliyah, is scheduled for completion in 2018. Spread over 16 storeys, More...

tanmiyat_court_tower-e1477756298357
By Staff writer On Sunday, October 30th, 2016
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Tanmiyat to deliver first project on Dubai Water Canal

Tanmiyat Global’s flagship project, The Court Tower, is set to be the first structure to be handed over following the opening of the Dubai Water Canal development next month. The $300mn mixed use project is 80 More...

Abu Dhabi Commercial Bank (ADCB)
By Staff writer On Monday, October 24th, 2016
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Abu Dhabi Commercial Bank reports nine month net profit of AED 3.153bn

Abu Dhabi Commercial Bank, ADCB, today reported its financial results for the nine month period ended 30th September 2016. Abu Dhabi Commercial Bank (ADCB) Ala’a Eraiqat, Member of the Board and Group Chief Executive More...

aldar
By Staff writer On Sunday, October 23rd, 2016
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Aldar awards AED155 million contract for early works of Yas Acres

Aldar Properties has awarded an AED155 million contract for the early works of Yas Acres, a golf and waterfront development on Yas Island, to locally-based Bauer Geotechnical Specialised Foundation. Talal Al Dhiyebi, More...

saudi-arabia
By Staff writer On Saturday, October 22nd, 2016
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Saudi Arabia To Welcome 20 Million Visitors By 2020

Inbound arrivals to Saudi Arabia will reach over 20 million by 2020, as the religious tourism sector flourishes in line with increasing demand to join the annual Hajj pilgrimage, the most important religious event More...

cbn-award
By Staff writer On Friday, October 21st, 2016
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Construction Innovation Award 2016 winners unveiled

The winners of the Construction Innovation Awards 2016, presented by Du, were crowned on 19 October at a glamorous ceremony at Westin Mina Seyahi, with 300 construction industry professionals in attendance . Twenty-three More...

Crowds-outside-du-store
By Staff writer On Friday, October 21st, 2016
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WiFi UAE reaches nearly 1.5 million sessions monthly

WiFi UAE has had close to 1.5 million sessions per month, with a quarter of a million users in August alone, according to the telecom operator, du. Almost half of the sessions which is 44 percent, lasted between More...

DIFC
By Staff writer On Friday, October 21st, 2016
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Dubai International Financial Centre hosts second IMF Regional Economic Outlook for 2016

Dubai International Financial Centre, DIFC, the region’s leading financial hub, today hosted the launch of the second Regional Economic Outlook, REO, for the Middle East, North Africa and Pakistan, MENAP, for More...

museum
By Staff writer On Friday, October 21st, 2016
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Mohammed bin Rashid launches new campaign to preserve national heritage

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum announced the launch of the national campaign ‘Let’s Preserve the Legacy’ and extended More...

lusail_tram
By Staff writer On Thursday, October 20th, 2016
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KONE wins order for Lusail Light Rail Transit system in Doha

KONE has won an order for 139 elevators, escalators and autowalks to be installed at the Lusail Light Rail Transit system currently under construction north of Doha, Qatar. The equipment will include 49 Elevators, More...

graeme-dickson-of-displaynote-technologies-showcasing-the-montage-wireless-presentation-system-to-one-of-many-visitors-at-gitex-2016-dubai
By Staff writer On Thursday, October 20th, 2016
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DisplayNote Technologies Add DELL to their Roster of OEM Partners.

New Partnership Sees DELL add DisplayNote software to their Interactive Projectors Northern Ireland collaboration technology specialist DisplayNote Technologies has signed a new agreement to bundle its collaborative More...

p2v_dciab_open
By Staff writer On Tuesday, October 18th, 2016
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P2V Systems launches Data Centre in a Box at Gitex

Northern Irish company, P2V Systems has launched its Data Centre in a Box at this year’s GITEX Exhibition. The Data Centre in a Box has been designed to provide an IT Infrastructure that is not limited to, or More...

d3
By Staff writer On Tuesday, October 18th, 2016
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Work starts on phase two of $272mn Dubai Design District

Construction has started on the second stage of the AED 1bn ($272mn) Dubai Design District (d3) being developed by Tecom Group. Phase One, which was completed in 2015, boasts 1.2 million sq ft of offices, studios, More...

pearl-pearl
By Staff writer On Sunday, September 25th, 2016
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UDC mulls new link road to Pearl Qatar

United Development Company (UDC) is considering building a new road to connect man-made island, The Pearl, Qatar with the rest of Doha in bid to ease traffic congestion. The developer has launched an engineering More...

bruce
By Staff writer On Tuesday, September 20th, 2016
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Bruce Shaw to rebrand as Linesight

International construction consultancy firm, Bruce Shaw, has changed its name to Linesight. Bruce Shaw International has operated in the Middle East for eight years and has regional offices in the United Arab Emirates More...

dubai_parks_resorts-e1473837050987
By Staff writer On Saturday, September 17th, 2016
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Siemens technology to control buildings at Dubai Parks and Resorts

Siemens will provide a building management system for Dubai Parks and Resorts, the Middle East‘s largest theme park destination, which opens next month. Desigo CC Building Management System (BMS) will control More...

qatar-airways-a380-first-class-suite-passion4luxury-11
By Staff writer On Friday, September 16th, 2016
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Qatar Airways Increases Flights By 40% In Saudi Arabia

Qatar Airways will now operate 20 flights per week to and from Riyadh, increasing its services by more than 40%. Qatar Airways   Passengers travelling into and out of Saudi Arabia will benefit from greater connectivity More...

omniyat
By Staff writer On Thursday, September 15th, 2016
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Omniyat Set To Open More Than 1,000 Hotel Rooms By 2020

Dubai-based property developer Omniyat is set to open 505, 5-star hotel rooms and 495 deluxe serviced apartments in Dubai by 2020. Mark Phoenix, Managing Director of Omniyat revealed the developer’s impressive More...

sml-the-westin-dubai-al-habtoor-city-lobby-reception-desk-500x500
By Staff writer On Wednesday, September 14th, 2016
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The Westin Dubai, Al Habtoor City Officially Opens For Business

Westin Hotels and Resorts, part of Starwood Hotels and Resorts, Inc., has offically opened the 1000+ room hotel, The Westin Dubai, Al Habtoor City. The hotel is the second Westin hotel to open in Dubai and the largest More...

Al Maktoum International Airport
By Staff writer On Tuesday, September 13th, 2016
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250, 000 passengers to travel over Eid holiday

Emirates Airline said on Wednesday it expects high passenger traffic on its flights this upcoming weekend as travellers take advantage of the long Eid Al Adha weekend. Over 160,000 travellers will be passing through More...

Dubai expo
By Staff writer On Monday, September 12th, 2016
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EXPO 2020 Dubai reveals further details of legacy plan

The site for Expo 2020 will be transformed into an ecosystem to encourage the growth of the UAE’s knowledge-based economy, according to plans unveiled at Cityscape Global on Monday. In a keynote speech at the More...

nakheel_ibn-battuta-residences-e1473225686675
By Staff writer On Sunday, September 11th, 2016
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Nakheel launches twin-tower residences at Ibn Battuta Mall

Master developer Nakheel has launched Ibn Battuta Residences, a twin-tower complex with 531 luxury apartments to be built next to Ibn Battuta Mall in Dubai. The project, launched on the first day of Cityscape Global More...

qatar-foundation-stadium-design-1-e1473322900745
By Staff writer On Saturday, September 10th, 2016
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J&P clinches contract for Qatar Foundation Stadium

A joint venture led by Cyprus-based Joannou & Paraskevaides (J&P) has been confirmed as the main contractor for the Qatar Foundation Stadium, the fifth venue to begin construction for the 2022 FIFA World More...

library
By Staff writer On Thursday, September 8th, 2016
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Dubai awards $272m deal for Mohammed bin Rashid Library

A mystery company has clinched a AED1bn ($272mn) contract to build Dubai’s Mohammed bin Rashid Library. Sheikh Hamdan bin Rashid Al Maktoum, deputy ruler of Dubai, approved the deal for the 650,000 square feet More...

dsouth new
By Staff writer On Wednesday, September 7th, 2016
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Dubai South to become the new address of happiness

Master developer Dubai South, billed as the first city in the world centred around the happiness of its residents, on Tuesday unveiled its first two key real estate projects, The Villages and The Pulse at Cityscape More...

saif zone
By Staff writer On Tuesday, September 6th, 2016
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SAIF Zone hopes to attract more investors from Sri Lanka

The Sharjah Airport International Free Zone, SAIF Zone, has recently participated in a business event entitled, ‘International Business Forum – Expanding Business Globally’, which was organised by the More...

Dubai expo
By Staff writer On Tuesday, September 6th, 2016
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EXPO 2020 Dubai reveals further details of legacy plan

The site for Expo 2020 will be transformed into an ecosystem to encourage the growth of the UAE’s knowledge-based economy, according to plans unveiled at Cityscape Global on Monday. In a keynote speech at the More...

Deira-Islands-main-image-June-2015-e1472993190728
By Staff writer On Tuesday, September 6th, 2016
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Nakheel launches $1.36bn Deira Islands Boulevard

Nakheel has started work on a AED 5bn ($1.36bn), 20-tower community at Deira Islands, Dubai. With 16 residential buildings, two hotels and two serviced apartment complexes, Deira Islands Boulevard will transform More...

Ooredoo Warns Customers about Phone Scams from Local Numbers
By Staff writer On Monday, September 5th, 2016
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Ooredoo ICT Workshop Tackles Issues Facing Small Businesse

Ooredoo hosted a workshop for small and medium enterprises in Qatar recently, as the company strives to ensure that companies of all sizes can access advanced solutions and services. Representatives of more than More...

banking_Security
By Staff writer On Monday, September 5th, 2016
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Adoption of bankruptcy law to boost competitiveness of national economy

The Cabinet’s adoption of the bankruptcy law was timely and would make the national economy more competitive and investment environment more attractive, Rashid Al Balushi, CEO of Abu Dhabi Securities Exchange, More...

Jume central
By Staff writer On Sunday, September 4th, 2016
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Mohammed bin Rashid unveils 47mn sq.ft Jumeirah Central project

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum on Saturday announced the launch of Jumeirah Central, an urban mixed-use city district expected More...

eurozone
By Staff writer On Sunday, September 4th, 2016
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Eurozone Inflation Remains at 0.2% in August

Eurozone inflation remained at 0.2% in August, a new estimate by the EU statistics agency Eurostat showed Wednesday, according to the (dpa). The figure is far below the European Central Bank’s annual inflation More...

DIFC
By Staff writer On Friday, September 2nd, 2016
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DIFC posts Strong growth in first half of 2016

Dubai International Financial Centre (DIFC), the leading financial hub for the US$7.8 trillion Middle East, Africa and South Asia (MEASA) region, today announced the successful results of its first half 2016 operating More...

Microsoft, Etisalat sign global framework agreement
By Staff writer On Thursday, September 1st, 2016
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Microsoft makes USD1 million software donation to Al Jalila Foundation

Al Jalila Foundation, a global philanthropic organization dedicated to transforming lives through medical education and research, today announced that Microsoft has donated USD 1 million of software to support the More...

wam 1
By Staff writer On Thursday, September 1st, 2016
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Mohammed bin Rashid tours IMG Worlds of Adventure, hails role of private sector

Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said today that the private sector is a key partner to the public sector in the UAE’s economic development More...

QNA_IHF_30082016
By Staff writer On Wednesday, August 31st, 2016
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Doha to Host IHF Super Globe from September 5 to 8

Doha will host the 10th International Handball Federation (IHF) Super Globe Championship, which will be held at Qatar Handball Association (QHA) Hall in Duhail from September 5 to 8. Al Sadd and Lekhwiya will represent More...

qatar-exchange
By Staff writer On Wednesday, August 31st, 2016
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QIA Acquires USD 622 Million worth Shares in Empire State Realty Trust

Qatar Investment Authority (QIA) has acquired USD 622 million shares in the interest in the Empire State Realty Trust, said QIA in a statement on Tuesday. Empire State Realty Trust, Inc.is a leading real estate More...

Depa
By Staff writer On Wednesday, August 31st, 2016
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Depa unveils new business structure

Depa booked a slight rise in first half earnings as the company embarked on a deep restructuring of its business. The Nasdaq Dubai-listed interiors specialist has created a strategic management company and consolidated More...

world-tourism-550x367
By Staff writer On Tuesday, August 30th, 2016
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UAE & Qatar To Boost GCC Tourism Sector To $37bn By 2020

In its GCC Hospitality Industry Report investment bank Alpen Capital forecast the regional market will grow at a compound annual growth rate of 7.6% from $25.6bn in 2015. he bank forecast occupancy rates would grow More...

stock-market65
By Staff writer On Tuesday, August 30th, 2016
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UAE Banks Federation begins implementation of mWallet

The UAE Banks Federation has announced that the MoU regarding the ownership and operation of the mWallet platform has been signed by all 16 UAE equity partner banks in the entity. The mWallet platform, which is More...

Bloom_Soho_-square
By Staff writer On Tuesday, August 30th, 2016
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Bloom awards enabling works for Soho Square

Bloom Properties has awarded Dutch Foundation Company and Concrete Rehabilitation with the enabling works contract for its ‘Soho Square’ mixed-use urban development on Saadiyat Island in Abu Dhabi. Work is set More...

Dubai Airport
By Staff writer On Tuesday, June 21st, 2016
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Passenger Traffic At DXB Exceeds 6.9 Million In April

Dubai International (DXB) welcomed more than 6.9 million passengers in April 2016 according to the monthly traffic report issued by operator Dubai Airports. Passenger numbers reached 6,978,268 in April, up 7.2% More...

KFC
By Staff writer On Monday, June 20th, 2016
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Dubai-Based Investment Group Buys $2.4 Billion Stake In Kuwait’s Americana

Dubai-based investment group, Adeptio, led by Emaar Properties’ chairman Mohamed Alabbar has paid $2.4 billion for a majority stake in Kuwaiti F&B operator Americana, Reuters reported. Kuwait Food Company More...

acc const
By Staff writer On Sunday, June 19th, 2016
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ACC wins $200mn contract to expand children’s hospital in Egypt

Arabian Construction Company (ACC) has landed a contract to expand a specialist children’s cancer hospital in Egypt. Built by ACC and opened in 2007, Children’s Cancer Hospital Egypt 57357 is one of the largest More...

Aldar properties announces third quarter financial results
By Staff writer On Thursday, June 16th, 2016
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Aldar pockets $272mn from phase 1 of Yas Acres

Aldar Properties has raised AED 1bn ($272mn) from the first sold out phase of 267 units of its Yas Acres villa development in Abu Dhabi. Aldar properties announces third quarter financial results As a result of More...

QNB
By Staff writer On Sunday, June 12th, 2016
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QNB Group: China’s Stimulus Is Boosting Activity But Also Elevating Risks?

During the second half of 2015, the Chinese authorities responded to slowing growth and activity through a number of economic stimulus measures. Various indicators show that activity in China’s economy has picked More...

Al-Rayyan-Stadium
By Staff writer On Sunday, June 12th, 2016
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L&T to build $135mn Qatar World Cup stadium

Qatar’s Al Balagh Trading & Contracting and India’s Larsen & Toubro (L&T), have won the main contract to build Al Rayyan Stadium, a 40,000 seat venue that will host games up to the quarter-finals More...

Damac
By Staff writer On Friday, June 10th, 2016
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DAMAC releases first residential units in AYKON City

Luxury apartments in DAMAC Properties’ AYKON City project overlooking the new Dubai Canal have gone on sale for the first time. The release of the units within the 60-storey residential tower follows the successful More...

conrad-makkah
By Staff writer On Thursday, June 9th, 2016
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Conrad Hotels Officially Opens First Property In Saudi Arabia

Conrad Hotels and Resorts has officially opened its first hotel in the Kingdom of Saudi Arabia – the 438-room Conrad Makkah. Set in the heart of the Holy City and overlooking the Sacred Mosque, Al Masjid al Haram, More...

The-Tower-at-Dubai-Creek-Harbour-5
By Staff writer On Thursday, June 9th, 2016
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Dubai’s The Tower to rise 100 metres taller than Burj Khalifa

The Tower at the heart of the Dubai Creek Harbour mega development will rise 100 metres above Burj Khalifa, the world’s tallest building. Emaar Properties chairman Mohamed Alabbar confirmed in a television interview More...

Marasi
By Staff writer On Saturday, May 28th, 2016
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Dubai Holding unveils AED1bn Marasi Business Bay development

Dubai Properties Group, part of Dubai Holding, has unveiled a new AED1bn ($272mn) creekside property development on Business Bay. Marasi Business Bay features the region’s first purpose-built yachting destination More...

3doffice
By Staff writer On Thursday, May 26th, 2016
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Dubai Ruler unveils world’s first 3D printed office building

The UAE has launched of the world’s first fully functional 3D-printed building in Dubai on the premises of Emirates Towers. The unique building which will house the temporary office of the Dubai Future Foundation, More...

Binladin
By Staff writer On Sunday, May 22nd, 2016
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Saudi Binladin Group secures $667mn loan

Saudi BinLadin Group (SBG) has reportedly bolstered its cash flow after securing a $666.5m (SAR2.5bn) loan from local banks using land as collateral. Arab National Bank and Saudi British Bank are said to be providing More...

The Tower at Dubai Greek Harbour
By Staff writer On Sunday, May 1st, 2016
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Emaar net profit increases by 17% Q1 2016

Global developer Emaar Properties PJSC has recorded first-quarter (January to March) 2016 net profit of AED 1.205 billion (US$ 328 million). This is an increase of 17 per cent compared to the net profit of AED 1.026 More...

intel
By Staff writer On Saturday, April 23rd, 2016
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Intel to Cut 12,000 Jobs from Global Operations

US tech giant, Intel, is shedding 12,000 jobs as it seeks to cut reliance on the declining personal computer market. The maker of computer chips will take a $1.2 billion charge to cover restructuring costs.  The More...

Nakheel - Palm Jumeirah-3962-600
By Staff writer On Thursday, April 21st, 2016
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Nakheel posts $400mn first quarter profit

Nakheel booked an 8% rise in first quarter earnings thanks to a strong showing from its retail, residential leasing and hospitality businesses. The developer posted a net profit of AED1.47bn ($400mn) for the period More...

Warner Bros World Abu Dhabi
By Staff writer On Tuesday, April 19th, 2016
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Yas Island to open Warner Bros. destination in Abu Dhabi

Miral and Warner Bros. officially announced that a Warner Bros. themed destination is set to open in Abu Dhabi. Situated on Yas Island, one of the world’s leading business, leisure and entertainment destinations, More...

HE Dr. Aisha Bin Bishr
By Staff writer On Wednesday, March 16th, 2016
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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
By Staff writer On Wednesday, March 9th, 2016
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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...

aldar1
By Staff writer On Tuesday, March 8th, 2016
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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...

Oasis-Eco-Resort_Baharash-Architecture
By Staff writer On Sunday, March 6th, 2016
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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
By Staff writer On Saturday, March 5th, 2016
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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...

china-crash
By Staff writer On Friday, March 4th, 2016
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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
By Staff writer On Thursday, March 3rd, 2016
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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...

sheikh-mohamad
By Staff writer On Wednesday, March 2nd, 2016
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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
By Staff writer On Tuesday, March 1st, 2016
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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...

SIB
By Staff writer On Sunday, February 28th, 2016
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Sharjah Islamic Bank approves cash dividend of 10%

Sharjah Islamic Bank’s ordinary general assembly meeting has approved a cash dividend of 10 percent of the nominal value of the shares, following the bank’s announcement of a net profit of AED409.9 million in More...

airbaus
By Staff writer On Saturday, February 27th, 2016
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Airbus 2015 Net Profits Soar to 2.7 Billion Euros

Airbus Group said on Wednesday its net profits climbed 15 percent last year and predicted deliveries of more than 650 aircraft in 2016 and a rise in orders to record levels. The France-based European aerospace group More...

JP Morgane
By Staff writer On Friday, February 26th, 2016
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JP Morgan Sets more $500 Million for Oil Sector Losses

JP Morgan decided to allocate additional $500 million to cover potential bad loans due to the sharp decline in oil prices. This increase is more, by 60 percent, than what the bank has announced in advance.  175 More...

ibn battuta
By Staff writer On Thursday, February 25th, 2016
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New Hotel By Nakheel for Ibn Battuta Mall

Dubai master developer Nakheel’s hospitality expansion took another leap forward today, with the signing of a Letter of Intent (LOI) for a management agreement with Thailand’s Minor Hotel Group – More...

china-crash
By Staff writer On Wednesday, February 24th, 2016
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China’s impact on GCC construction

Stuart Matthews looks at the impact of Chinese influence on the regional construction industry and the businesses leading the way It’s late January in Riyadh and a delegation from the People’s Republic of China More...

Riyadh, Saudi Arabia
By Staff writer On Tuesday, February 23rd, 2016
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“Record” Number Of Rooms Under Construction In Saudi Arabia

A record 47,431 rooms and 124 hotel projects are currently under development in Saudi Arabia, according to a new report from TOPHOTELPROJECTS. The majority of projects are in the final construction and pre-opening More...

damac-aykon2
By Staff writer On Monday, February 22nd, 2016
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Damac announces first project on Dubai Canal – Aykon City

On 20 February 2016, Damac Properties announced its latest project, Aykon City, to be built on Dubai Canal. The project is the first project announced in the Dubai Canal district located to Sheikh Zayed Road and More...

HH-SHEIKH-HAMDAN-BIN-RASHID-AL-MAKTOUM-OPENS-GULFOOD
By Staff writer On Monday, February 22nd, 2016
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Sheikh Hamdan Bin Rashid Opens Gulfood 2016

The 21st edition of the world’s largest annual food and hospitality trade show, Gulfood was officially opened by His Highness Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance More...

Maseratti
By Staff writer On Sunday, February 21st, 2016
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First Maserati SUV to debut at Geneva International Motor Show

Maserati gives the first glimpse of the external look of the Levante, the first SUV in the Brand’s more than one hundred years of history: the new model completes the existing range of sedans and sports cars, More...

cis-gbf
By Staff writer On Saturday, February 20th, 2016
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Investment opportunities open up in Georgia and Azerbaijan

World experts discussed investment opportunities across the Middle East, Central Asia and Central Europe, at this year’s Commonwealth of Independent States – Global Business Forum (CIS – GBF) held from 17 More...

Dawood-Bin-Ozair-Senior-Managing-Director-Engineering-Technologies3
By Staff writer On Saturday, February 20th, 2016
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Al-Futtaim Engineering launches a fire and safety division

Al-Futtaim Engineering and Technologies introduced its new Control and Life Safety division on 17 February 2016. The division will carry out the design, installation and maintenance of fire protection and detection More...

aldar1
By Staff writer On Wednesday, February 17th, 2016
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Aldar Properties net profit up 13% to AED 2.56b in 2015

Aldar Properties, the Abu Dhabi’s real estate developer, on Monday announced net profit of AED 2.56 billion for 2015, a 13 per cent increase over the AED 2.27 billion reported in 2014. The results put net More...

Ahmed bin Saeed Al Maktoum rings NASDAQ Dubai bell to celebrate listing of US$500 million Emirates NBD bond
By Staff writer On Tuesday, February 16th, 2016
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Emirates NBD profit up 39% in 2015

Emirates NBD (DFM: EmiratesNBD) held its ninth Annual General Meeting (AGM) at the Bank’s Headquarters. At the AGM, Emirates NBD Chairman, H.H. Sheikh Ahmed Bin Saeed Al Maktoum, presented a review of the year More...

Cityscape Abu Dhabi 1
By Staff writer On Saturday, February 13th, 2016
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Real Estate Sector Slow Down is “Correction Not Crash”

The current slowdown in the UAE real estate market should be seen as a minor correction as opposed to a major crash, according to a Middle East property expert. David Dudley, International Director at JLL MENA, More...

Marbella
By Staff writer On Friday, February 12th, 2016
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Cayan Group Expands Beyond Middle East

Cayan Group, one of the Middle East’s leading real estate developers, is making its foray into Europe, commencing with an alliance with Spanish real estate developer, Sarena. The elite partnership will witness More...

R1
By Staff writer On Thursday, February 11th, 2016
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Rolls Royce launches Ghost ‘Eternal Love’ edition

Rolls-Royce Motor Cars debuts Ghost ‘Eternal Love’ this evening at the Minsheng Art Museum in Beijing. Embodying the theme of love, the new Bespoke collection is exclusively designed for the China market, coupling More...

The-Westin-Doha-spa-500x500
By Staff writer On Thursday, February 11th, 2016
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The Westin Doha Hotel And Spa Debuts In The Region

Starwood Hotels and Resorts has officially opened The Westin Doha Hotel and Spa – the brand’s debut hotel into the region and expands Westin’s portfolio to four properties across the Middle East. The newly More...

Ooredoo Pushes to Support More "Smart Cities" in 2015
By Staff writer On Thursday, February 11th, 2016
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Ooredoo Myanmar in $300 Million Funding Deal with Asian Bank and IFC

Ooredoo Qatar-based Ooredoo Group’s fully owned subsidiary Ooredoo Myanmar has announced a US $300 Million funding deal with the Asian Development Bank (ADB) and the International Finance Corporation (IFC), the More...

Drone
By Staff writer On Thursday, February 11th, 2016
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Mohammed bin Rashid honours winners of UAE Drones

Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has honoured the winners of the second edition of the UAE Drones For Good Awards and the UAE AI and Robotics More...

saif zone
By Staff writer On Wednesday, February 10th, 2016
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Korean company Kiswire to open office in Saif Zone

Sharjah Airport International Free Zone, SAIF Zone, has announced that Korea-based global company Kiswire and the UAE-based Amzone International Ltd. will jointly open a 220,000 square-feet marketing and sales complex More...

majid al futtaim
By Staff writer On Wednesday, February 10th, 2016
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Majid Al Futtaim to invest SAR14bn in Riyadh mall concepts

Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, has today announced plans to develop two new landmark shopping malls in Riyadh, which will see a series More...

Rak ceramics
By Staff writer On Tuesday, February 9th, 2016
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RAK Ceramics fully acquires European entities

RAK Ceramics announced the full acquisition of its British and German entities. The regional ceramic manufacturer also appointed a new leadership team to head its core European operations. The move is expected to More...

railway
By Staff writer On Monday, February 8th, 2016
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Rail projects underway worth $352bn in the Middle East

errapinn Middle East, organiser of Middle East Rail, revealed that 16 major railway projects worth $352bn are currently under construction in the MENA region. Jamie Hosie, project director at the show, said: “With More...

Toshiba
By Staff writer On Sunday, February 7th, 2016
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Toshiba Expects “Biggest Ever” Yearly Net Loss of $6bn

Toshiba Corp. said it would record the biggest annual loss in its 140-year-old history as the firm wrote down the book value of several units, including energy and infrastructure, while restructuring costs ballooned, More...

khaliji
By Staff writer On Sunday, February 7th, 2016
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KHCB reports 109.8% increase in net profits over 2014

Khaleeji Commercial Bank (KHCB), a prominent Islamic retail bank, announced its financial results for the year ended 31 December 2015 recording net profit of BD 8 million compared to BD 3.8 million reported in 2014. The More...

44+Dubai+Financial+Market+for+National+General+Insurance
By Staff writer On Friday, February 5th, 2016
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DFM Company posts net profit of AED 261 million in 2015

Dubai Financial Market (PJSC) today announced its results for the financial year ending 31st December 2015 as the Company posted a net profit of AED 261 million for the year 2015, compared to AED 759.3 million in More...

ThePalmJumeirahCopyrightNakheelS
By Staff writer On Wednesday, February 3rd, 2016
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Nakheel declares net profit of AED4.38 billion for 2015

Nakheel today announced its results for the financial year ending 31st December 2015, a net profit of AED4.38 billion, representing a 19 percent increase on last year’s net profit of AED3.68 billion. The 2015 More...

Dubai International Airport
By Staff writer On Tuesday, February 2nd, 2016
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DXB Reports 78 Million International Passengers For 2015

Dubai International Airport (DXB)  has reported annual traffic of just over 78 million for 2015 – maintaining the airport’s position as the world’s number one hub for international passengers. Dubai International More...