Business & Money | Tuesday 6 September, 2016 11:54 am

Middle East & Africa Set for Huge Spike in Augmented/Virtual Reality Revenues as IDC Forecasts Annual Spending to Top $6 Billion by 2020

The Middle East and Africa (MEA) augmented and virtual reality market will grow strongly over the next five years, posting annual growth rates of more than 100% across the 2016–2020 period, according to the recently launched 'Worldwide Augmented and Virtual Reality Spending Guide'...

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Business & Money | Tuesday 6 September, 2016 11:49 am

Nakheel launches landmark luxury twin-tower residences at Ibn Battuta Mall in Dubai

Master developer Nakheel today unveiled Ibn Battuta Residences, a new, landmark 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 real estate exhibition, will transform the skyline ...

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Business & Money | Tuesday 6 September, 2016 11:45 am

DAMAC Properties Launches AKOYA Imagine 2.0

DAMAC Properties today announced the launch of AKOYA Imagine 2.0, a range of 3-bedroom modern villas designed for millennials and their families seeking a permanent residence or vacation home in one of the greenest golf communities in Dubai.  Set within AKOYA Oxygen, one of Dubai’s...

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Business & Money | Tuesday 6 September, 2016 11:30 am

Middle East to be Most Significant Market for Automotive Services with over 4 million Annual Light Vehicle Sales by 2020

The Middle East remains one of the fastest growing services market for automobiles with 60% more cars expected to ply in the region by 2020, according to a recent study by Frost and Sullivan. This, coupled with the fact that the region experiences harsh climate conditions, and is seeing an...

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Business & Money | Tuesday 6 September, 2016 11:06 am

Meydan One Mall to Set New International Retail Experience Benchmark

The Meydan Group has announced that the new Meydan One Mall will set a new benchmark in quality for all future retail and leisure experiences around the world.   The centre point of the much anticipated Meydan One mega development, launched in August 2015 by His Highness Sheikh Mohammed...

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Business & Money | Tuesday 6 September, 2016 11:00 am

Industry leaders to discuss business transformation for Gulf countries at the IMD Business Forum in Dubai

Diversification aided by digital technologies has become an imperative for companies in the Gulf region increasingly challenged by dropping gas prices and global economic uncertainty. Industry leaders and experts from the top-ranked IMD business school will tackle these pressing issues for...

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Business & Money | Tuesday 6 September, 2016 10:49 am

Expo Centre unveils new look for jewellery show

After the extraordinary success of its landmark 40th edition, the region’s most popular watch and jewellery show is once again set to cast its magic on jewellery lovers.   The 41st MidEast Watch & Jewellery Show will bring global spotlight on the regional jewellery...

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Business & Money | Tuesday 6 September, 2016 10:42 am

G20 acknowledges global Saudi role

The Kingdom’s participation in the G20 summit is a recognition of its regional role in controlling the stability of the energy markets. Saudi Arabia, through a prudent policy, aims to achieve the interests of oil producers and consumers in order to reach fair prices to help keep the pace of...

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Business & Money | Tuesday 6 September, 2016 10:40 am

King Abdullah Port to boost Saudi Arabia’s role as global logistics and trade center

The Kingdom of Saudi Arabia is witnessing an unprecedented boom in the maritime sector and its shipping and logistical services. Its coasts today, especially the Red Sea coast, have captured global attention due to their distinct geographical location among international shipping lines. The Red Sea ...

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Business & Money | Tuesday 6 September, 2016 10:32 am

DAMAC Properties Awards 285 Contracts Worth AED 5.25 Billion to Date in 2016

DAMAC Properties today announced that it has awarded 285 construction and consultancy contracts worth AED 5.25 billion across the GCC and UK during the period between January and August 2016. The awarded contracts cover the public realm landscaping in AKOYA by DAMAC, villas at both AKOYA by...

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