Business & Money | Tuesday 12 January, 2016 10:26 am

Dubai Parks and Resorts and Etisalat to create an integrated theme park experience using smart technology

Dubai Parks and Resorts, the region’s largest integrated theme park destination, and Etisalat announced their collaboration in creating the region’s first-of-its-kind integrated ‘smart’ theme park resort in the United Arab Emirates.   Together, Dubai Parks and...

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Business & Money | Tuesday 12 January, 2016 6:21 am

Wermuth Asset Management (WAM) launches Green Gateway Fund 2

Wermuth Asset Management (WAM), specialising in impact investments, is launching another private equity fund, with a focus on European growth companies within the area of resource efficiency and renewable energy. “In the Middle East the Green Gateway Fund 2 is directed towards institutional,...

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Business & Money | Tuesday 12 January, 2016 3:05 am

Turkish firms to build 2 million KSA houses

 The Ministry of Housing is currently holding talks with a number of Turkish companies to build thousands of residential units in the country, according to local reports. Some Turkish sources have said that the talks have made significant progress in forming a consortium of the construction...

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Business & Money | Monday 11 January, 2016 4:26 pm

Amana Capital and Arabic Trader Announce the Launch of a New Company in Kuwait

Following the success achieved in the first phase, Amana Capital, the leading Middle Eastern financial services group and Arabic Trader, the leading provider of financial content and professional training, announced the launch of the second phase of their partnership through establishing a physical ...

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Business & Money | Monday 11 January, 2016 2:08 pm

NBAD Securities #1 Brokerage in the UAE

NBADS closed 2015 as #1 broker in the combined ADX and DFM markets, both in terms of traded value AED 40 billion and market share 9.5%. NBADS executed the largest transaction in ADX history in 2015, with the value exceeding AED1.6 bn NBADS launched a successful strategy of diversification...

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Business & Money | Monday 11 January, 2016 11:14 am

Emirates NBD Dubai Real Estate Tracker™

This press release contains the latest release of data collected from a survey of the Dubai real estate sector, sponsored by Emirates NBD and produced by Markit. Real estate agents indicated a subdued end to 2015 for the Dubai property market, with the majority of survey respondents noting...

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Business & Money | Monday 11 January, 2016 10:58 am

Project Qatar Will Be Back to The Heart of Doha in 2016

Under the prestigious patronage of the Qatari government and the support of HE Sheikh Abdullah Bin Nasser Bin Khalifa Al-Thani, the Prime Minister and the Minister of Interior, IFP Qatar is honored to launch once again this year Project Qatar 2016, the 13th International Construction Technology...

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Business & Money | Monday 11 January, 2016 4:57 am

100% GCC tax on energy drinks and tobacco products

Consumers of tobacco, energy drinks and soft drinks will have to gear up to pay a lot more as the GCC countries have decided to impose steep taxes on these products.  The group will impose a uniform tax of 100 percent on tobacco products, 100 percent on energy drinks and 50 percent on soft...

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Business & Money | Monday 11 January, 2016 3:03 am

Jadwa Investment recognized as ‘private equity firm of the year in Kingdom’

Jadwa Investment, a Riyadh-headquartered investment management and advisory firm with assets under management of SR20 billion in public equity, private equity, real estate and fixed income, has been recognized as “Private Equity Firm of the Year in Saudi Arabia” by Finance Monthly...

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Business & Money | Monday 11 January, 2016 3:01 am

Saudi petrochemical stocks gain strength

A sell-off of small-cap speculative stocks pulled Saudi Arabia’s stock market down on Sunday, while Egypt dropped in response to weak global equities and concern about risks to the Chinese economy.  Most Gulf markets were subdued. The Saudi Tadawul All-Share Index, which had...

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