Business & Money | Wednesday 10 August, 2016 5:09 pm

Nakheel awards AED117.5 million contract for 18 showrooms at Dubai’s Dragon City

Nakheel has awarded a contract for AED117.5 million to construct a new, 375,000 sq ft showroom complex at Dragon City in Dubai. The developer has appointed Dubai-based Al Ghurair Contracting & Engineering Works LLC to deliver the new retail centre, which will have 18 showrooms and a...

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Business & Money | Wednesday 10 August, 2016 4:48 pm

Virgin Mobile Saudi Arabia exceeds the two million customer mark

Virgin Mobile Saudi Consortium now counts more than two million people as customers. This major landmark has been achieved in less than two years since the company launched, and 10 months since it announced it had passed the one-million customer mark. It also comes just six months after Fouad...

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Business & Money | Wednesday 10 August, 2016 9:37 am

Earthquake Tragedy Bridges Two Continents

the nation, Ecuador was hit by a colossal earthquake of magnitude 7.8. The severity of the disaster reverberated throughout the entire country, leaving at least 500 dead and 27,500 injured. Moved by the plight of Ecuadorians, T.B. Joshua -  Founder of Emmanuel TV -...

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Business & Money | Wednesday 10 August, 2016 9:29 am

Kerzner International Names New President and Chief Executive Officer

Kerzner International Holdings (KIH), the leading international developer and operator of destination resorts, ultra-luxury hotels and residences, today announced the appointment of Jean-Gabriel Pérès as its new President and Chief Executive Officer.  As the outgoing CEO of...

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Business & Money | Wednesday 10 August, 2016 8:37 am

GCC fertilizer capacity to expand by 14% over the next five years, says GPCA report

Fertilizer production in the Arabian Gulf is set to expand to 43.1 million tons in the next five years, according to a new report by the Gulf Petrochemicals and Chemicals Association (GPCA). At 37.8 million tons, the GCC’s current fertilizer capacity earns US$6.3billion in sales revenue,...

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Business & Money | Wednesday 10 August, 2016 7:39 am

Marka Announces Q2 2016 Financial Results

Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the second quarter of 2016. For the three months ending 30th June 2016, the company reported total revenue of AED 89.5 million, an increase of 18.2% compared to Q1 2016....

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Business & Money | Wednesday 10 August, 2016 7:22 am

Caroline Foster Kenny Appointed CEO, IPG Mediabrands, EMEA

Henry Tajer, Global CEO of IPG Mediabrands, today has announced the appointmentof Caroline Foster Kenny as CEO of IPG Mediabrands across...

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Business & Money | Wednesday 10 August, 2016 2:45 am

Saudi Arabian firms display mixed sentiments for Q3, 2016

Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with the National Commercial Bank released the D&B Business Optimism Index (BOI) survey for Saudi Arabia for Q3, 2016. The survey reveals mixed sentiments for firms in Saudi Arabia.  “Despite some recovery in ...

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Business & Money | Tuesday 9 August, 2016 3:22 pm

Moroccan, Omani and Egyptian photographers won Almarai-National Geographic Competition

Almarai Company and National Geographic Abu Dhabi announced names of the winners in the fourth photography competition 2016 titled: “Cuisine and Flavors of our Arab Countries”. The competition got fierce rivalry between the entrants and high level of creativity in the contesting...

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Business & Money | Tuesday 9 August, 2016 3:09 pm

DAMAC Properties Launches AKOYA Imagine Plots

DAMAC Properties today announces the release of AKOYA Imagine plots within an international golf community. The leading luxury real estate developer is providing the opportunity for investors to purchase land plots in a thriving community, comprised of colourful villas and featuring low annual...

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