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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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

By Staff Writer On Monday, August 31st, 2015
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Falcon Island phase II to be revealed at Cityscape

Ras Al Khaimah’s largest real estate developer Al Hamra Real Estate Development is to launch the second phase of its Falcon Island project at Cityscape Global, 2015. The multi-million dollar luxury Falcon Island More...

By Staff Writer On Monday, August 31st, 2015
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Crystal Lagoons appoints new ME director for $13bn projects

Crystal Lagoons Corp., the patented technology developer of giant crystalline lagoons, has appointed Carlos Salas as regional director, ME, to head up the company’s strategic growth, inheriting an impressive existing More...

By Staff Writer On Monday, August 31st, 2015
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Midfield Terminal to be standing by February next year

De-propping the curved roof of the Abu Dhabi Airport’s Midfield Terminal Building (MTB) began yesterday. Once done the structure is set to look like it is floating on 18 steel arches. In this first of nine de-props, More...

By Staff Writer On Monday, August 31st, 2015
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60% of investors predict Dubai realty growth

A survey by YouGov has revealed that 60% of investors expect Dubai’s real estate market to grow over the next 12 months. The results demonstrated 54% of home buyers feel positive about the continuing growth of More...

By Staff Writer On Sunday, August 30th, 2015
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R Hotels opens Ibis Styles, Jumeirah Dubai

R Hotels has announced the opening of its fifth property the ibis Styles hotel, on Al Mina Road, Jumeirah, Dubai. The 3-star property features 191 rooms and suites, an all-day dining restaurant and two specialty More...

By Staff Writer On Sunday, August 30th, 2015
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Shortlist: The Cityscape Global 2015 awards

37 real estate projects from 15 countries, will take away a Cityscape Global Awards 2015 trophy from the ceremony on September 8, at Conrad Hotel, Dubai. Sustainability is an underlining trend at this year’s Cityscape More...

By Staff Writer On Sunday, August 30th, 2015
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“Take more risks” Gulf managers told

More risk and the development of creative thinking skills could boost productivity among Gulf-based workforces, according to a study released by PA Consulting Group. The report highlights the belief that leadership More...

By Staff Writer On Thursday, August 27th, 2015
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Something for the weekend: Toko

In Japan, Marine Day (or  Umi No Hi, as it is natively known) is a national holiday during which the island nation thanks the ocean for its bounty. It isn’t just about seafood. In Japan the ocean is as important More...

By Staff Writer On Tuesday, August 25th, 2015
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TAQA fights revenue decline despite energy price crisis

TAQA, the Abu Dhabi based international energy company, has mitigates the impact of a 50% fall in oil and gas prices according to its H1 2015 performance results, as reported by Emirates News Wire, WAM. Primarily More...

By Staff Writer On Tuesday, August 25th, 2015
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ERC launched AED1.45m Palestine water project

The Emirates Red Crescent (ERC) has launched an AED1.45 million water project that will contribute to stimulating the Palestinian economy through provision of water for agricultural purposes, according to reports More...

By Staff Writer On Tuesday, August 25th, 2015
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Turkish property sales to foreign investors up 22%, H1

The sale real estate in Turkey to foreign investors increased 22% in the first half of 2015. Dominated by holiday and second home sales, the figures have been boosted by the rise in Arab tourists to the country, More...

By Staff Writer On Monday, August 24th, 2015
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UAE Nationals land senior jobs with ADSB

Four new UAE nationals have been appointed to lead key divisions within the Abu Dhabi Ship Building (ADSB). The appointments were issued by CEO Dr Khaled Al Mazrouei to go in line with the company’s commitment More...

By Staff Writer On Monday, August 24th, 2015
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Unnamed German investor to fund Iran wind farm

A 30 turbine wind farm in Iran’s Arvand Free Zone will be constructed following a deal between a “private company investing on behalf of Germany” and Iran, according to national news service, Press More...

By Staff Writer On Sunday, August 23rd, 2015
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Dubai hosts International Dragon Award

The Chinese insurance industry’s largest annual event, the International Dragon Award has opened in Dubai; the first time it has been held in the Middle East. With more than 5,700 delegates confirmed, the event More...

By Staff Writer On Sunday, August 23rd, 2015
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PM Modi praises KEF’s vision of sustainable construction

The UAE and India has teamed up to raise $75bn worth of funds for India’s development. The decision came after Indian Prime Minister (PM) Narendra Modi’s brief visit to the UAE this August. This was the first More...

By Staff Writer On Thursday, August 20th, 2015
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Parsons Wins Infrastructure Contract for Dubai Expo 2020

Parsons has been awarded the infrastructure design and construction supervision services contract for the Dubai Expo 2020 site. The contract will include designing, monitoring, managing, and delivering of the project’s More...

By Staff Writer On Wednesday, August 19th, 2015
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Qatar’s WPS postponed by 3 months

The government of Qatar has delayed the launch of the much awaited wage protection system (WPS) which was due to be launched , August 18. Qatari newspaper The Peninsula reported that the launch has been postponed More...

By Staff Writer On Wednesday, August 19th, 2015
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Qatar Rail showcases phase one of Doha Metro

Qatar Railways Company has presented the architecture opportunities available at Doha Metro’s first 37 stations to an auditorium of 300 project managers, design and build contractors, and prospective suppliers. The More...

By Staff Writer On Tuesday, August 18th, 2015
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New committee to be formed under Green Growth strategy

The UAE Ministry of Environment and Water (MoEW) is in discussion with Emirates Transport to establish a sustainability committee to implement a number of initiatives around energy efficiency, conservation, integrated More...

By Staff Writer On Tuesday, August 18th, 2015
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Abu Dhabi hospitality college in global “top 3”

The Abu Dhabi-based European International College (EIC) has been named among the top three hospitality management schools in educational innovation in the world at the Worldwide Hospitality Awards, Paris. EIC is More...

By Staff Writer On Monday, August 17th, 2015
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Dubai hotel occupancy up 26%

Preliminary data for Dubai hotel performance has shown an occupancy rise of 26.1% following a slump during the early summer and Ramadan. Now standing at 57.6% across the emirate, the boost has also translated into More...

By Staff Writer On Monday, August 17th, 2015
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PM Modi highlights concern for labourers

Indian Prime Minister Narendra Damodardas Modi has used his visit to a construction labour camp in Abu Dhabi to highlight India’s concern about the welfare of its nationals working in the GCC construction sector. A More...

By Staff Writer On Monday, August 17th, 2015
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Marriott launches project to support F&B Entrepreneurs

Marriott International’s Project Canvas campaign has given rise to another new concept in Dubai, with the launch of The Croft by Darren Velvick within the Dubai Marriott Harbour Hotel & Suites, Dubai Marina. Closely More...

By Staff Writer On Sunday, August 16th, 2015
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45% increase in MEA hotel construction

There has been a 45.4% YoY in the number of hotels being constructed in the Middle East and Africa, according to a new report from STR Global, as the region reported 98,831 rooms in 381 hotels under construction More...

By Staff Writer On Sunday, August 16th, 2015
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RAK to add 10,000 hotel rooms by 2020

Rah Al Khaimah Tourism Development Authority discussed the emirate’s 10,000 room hotel pipeline at the inaugural meeting to align the strategic plans for the destination and to further drive the vision of His More...

By Staff Writer On Sunday, August 16th, 2015
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India losing talent, LinkedIn data finds

India is losing talent at a higher rate than any other country in the world, according to data compiled by LinkedIn. The professional social networking site with more than 380m members globally analysed every position More...

By Staff Writer On Sunday, August 16th, 2015
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Nakheel awards AED38m contract for Al Furjan

Nakheel awarded a new construction contract in its 560 hectare Al Furjan community in Dubai. The contract worth AED38m is for a new mosque and a retail sector to be called the Nakheel Pavilion. The 8,000 sqft mosque, More...

By Staff Writer On Saturday, August 15th, 2015
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Emerson adds PoE to wireless Gateway

Emerson Process Management has added Power over Ethernet (PoE) to the Smart Wireless Gateway 1420, making it possible to power the gateway and compatible devices using a standard Ethernet cable. PoE allows easy, More...

By Staff Writer On Friday, August 14th, 2015
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Sir Ranulph Fiennes to speak at Seatrade Maritime Awards

British explorer Sir Ranulph Fiennes OBE will make a speech to more than 850 shipping and maritime personalities at the 12th Seatrade Maritime Awards Middle East, on 19 October at Madinat Jumeirah, Dubai, Widely More...

By Staff Writer On Friday, August 14th, 2015
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Starwood Hotels expands in Spain

Starwood Hotels & Resorts Worldwide, Inc. has signed a property agreement with the Phoenix Enterprises for The Westin La Quinta Golf & Spa Resort, a hotel conversion in the Andalusian resort in Benahavis Due More...

By Staff Writer On Thursday, August 13th, 2015
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TV’s Adam Savage visits Masdar Institute

Adam Savage, star of TV series Mythbusters, has visited Masdar Institute of Science and Technology, part of Masdar City. Adam ventured into the inner workings of the facility, which conducts research into alternative More...

By Staff Writer On Thursday, August 13th, 2015
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India seeks $98.6 damages from Nestle over Maggi noodles ban

The Indian government has launched legal action against Nestle, the Swiss manufacturer of Maggi Noodles, following a public health emergency in June when unsafe levels of lead were detected in products. Seeking More...

By Staff Writer On Thursday, August 13th, 2015
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Infor set to acquire GT Nexus

New York-headquartered Infor, recently announced it has entered into an agreement to acquire GT Nexus, for $675 million, pending approval by regulators. Approximately 25,000 businesses rely on GT Nexus, the world’s More...

By Staff Writer On Thursday, August 13th, 2015
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Visa and Stripe team up to create buy buttons for online payments

Visa’s Visa has teamed up with mobile and online payment provider Stripe to introduce new technologies, such a “buy buttons”, and online payment experiences for merchants, developers and consumers worldwide. Through More...

By Staff Writer On Wednesday, August 12th, 2015
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UAE agriculture to receive boost from East Asia

The UAE’s agriculture sector is to receive a boost through the implementation of modern technology and observations of best practice from East Asia. To gain insights in the field of agriculture and aquaculture, More...

By Staff Writer On Wednesday, August 12th, 2015
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DSI records AED2.39bn revenue and AED58m operating profit in H1

Drake & Scull International PJSC (DSI) reported today total revenue of AED2.39bn and net profit of AED 34 million for the first half of 2015 ended June 30th. The company achieved a 2% YoY growth in Revenue in More...

By Staff Writer On Wednesday, August 12th, 2015
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New $20.43m chemical warehouse for Tristar in JAFZA

Tristar Group is to open a new $20.43m chemical warehouse and bagging plant in Jebel Ali Free Zone (JAFZA), a first of its kind for the free zone, due to open in 2016. The plans were revealed by Tristar Group CEO More...

By Staff Writer On Wednesday, August 12th, 2015
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17% increase in guest arrivals to Abu Dhabi, H1

The total number of hotel guests to Abu Dhabi in H1 2015, increased 17% on the previous year, with a total 1.98million, generating more than 5.7m room nights across 163 hotel and hotel apartments. The figures, released More...

By Staff Writer On Wednesday, August 12th, 2015
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Lighting market worth $3.5bn by 2020

As ‘green’ infrastructure investments increase in the GCC, Frost and Sullivan predict lighting market to be worth $3.5bn by 2020. The current market worth $2.5bn is projected to grow at a compound annual growth More...

By Staff Writer On Tuesday, August 11th, 2015
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Tortilla to open 30 stores across GCC

Tortilla, a fast-casual Mexican restaurant concept, has signed a franchising deal with Dubai-based development partner Eathos to open over 30 stores across the GCC in the next 10 years. Richard Morris, managing More...

By Staff Writer On Tuesday, August 11th, 2015
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Sachin Tendulkar the face of Dubai Tourism campaign

Famous cricketer Sachin Tendulkar has been recruited as the face of a joint campaign between premium-experience travel website Musafir.com and Dubai Tourism, to tempt more Indian travellers to the emirate. The new More...

By Staff Writer On Tuesday, August 11th, 2015
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Lamudi makes UAE debut

Online real estate market place, Lamudi, has launched its operations in UAE with ambitions to capitalise on a real estate market which generated investments exceeding $831m in H1 of this year. Launched in 2013, More...

By Staff Writer On Monday, August 10th, 2015
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ASGC completes structural construction on Marina Bloom

Al Shafar General Contracting Co. LLC (ASGC) announced the completion of structural work for the Marina Bloom development yesterday. The mixed-use project is developed UAE-based Bloom Properties. It will feature More...

By Staff Writer On Monday, August 10th, 2015
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Gulf Navigation, NAT reach accord

Gulf Navigation Holding (Gulfnav), the Dubai-based shipping company, has signed a settlement agreement with one of its major creditors, Nordic American Tankers Limited, Bermuda (NAT). The announcement was made in More...

By Staff Writer On Monday, August 10th, 2015
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Utico, Cobra ink mega water-desalination project in RAK

Utico, part of the $2bn UAE-based Ghantoot Group of companies, and Spanish energy giant Grupo Cobra, have sealed a $195 million deal to establish one of world’s largest independent and green desalination facilities More...

By Staff Writer On Monday, August 10th, 2015
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KSA accounts for 75% of IPOs in Q2

Saudi Arabia was identified as having the most active IPO market in the GCC in Q2 2015, accounting for 75% of the total number of IPOs and 87% of total money raised in the quarter, a total of $1bn. The data, from More...

By Staff Writer On Sunday, August 9th, 2015
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Etihad arrives in Melbourne, Australia

Etihad Airways made its first touchdown in Melbourne Australia today, following the inaugural direct flight form Abu Dhabi. The new route creates an extra 2,296 seats on the popular route each week, and will further More...

By Staff Writer On Sunday, August 9th, 2015
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Supply of high-rise luxury residential units up in KSA

Investor and tenant demand is driving development of modern luxury high-rise developments in Jeddah, Riyadh and the ‘tri-city’ area, according to new data from Colliers International, continuing the “transformation” More...

By Staff Writer On Sunday, August 9th, 2015
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Alcatel-Lucent CEO steps down ahead of Nokia deal

A new leadership structure has been implemented at Alcatel-Lucent ahead of the firm’s merger with Nokia and the departure of CEO Michel Combes (pictured). Effective September 1, 2015, and for the duration of the More...

By Staff Writer On Sunday, August 9th, 2015
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Food market could exceed $1tr in MENA by 2030

The World Bank estimates the MENA region’s food industry could be worth $1tr by 2030, with the GCC positioned to become a major logistics hub, lead by Saudi Arabia. Food is the key driver for the logistics market More...

By Staff Writer On Thursday, August 6th, 2015
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Food worth $3.5bn wasted in UAE every year

Research claims almost 3.27m tonnes of food, produced in the UAE every year and estimated to be worth $3.5bn, is wasted due to oversupply and inadequate logistics provisions. The calculations were made by supply More...

By Staff Writer On Thursday, August 6th, 2015
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Dubai affordable housing stock increasing

Natural market adjustments are leading to a surge in “affordable” housing in Dubai, according to data from Cityscape Global. According to a statement from the organisers, end-users are set to capitalise on stabilisation More...

By Staff Writer On Thursday, August 6th, 2015
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Airbnb “squarely aimed at competing with hotel rooms”

Airbnb is directly competing with hotel stock in New York City, offering short term rentals for $256, compared to the current ADR of $289 for hotel rooms, according to a new study released by STR Global. The hospitality More...

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