Tourism & Hospitality | Saturday 30 April, 2016 4:16 pm

Alitalia significantly reduces losses by €381 million in 2015

Alitalia confirmed today it is on track to become profitable by 2017, as it reduced its losses by € 381 million in 2015 compared to the previous year.    This important result for 2015 comes as the airline announced its first full reporting year under a three-year turnaround...

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Tourism & Hospitality | Thursday 28 April, 2016 5:25 pm

First Arabic Travel Guide About Sri Lanka

Sri Lankan Minister of Tourism, His Excellency John Amaratunga was presented with the latest edition of the only Arabic language travel guidebook on Sri Lanka, by Emirati author and entrepreneur, Ms Heba Al Mansoori. The presentation ceremony took place at the Sri Lankan Pavilion on the sidelines...

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Tourism & Hospitality | Thursday 28 April, 2016 1:03 pm

The Great Mid-Market Hotel Debate set to rage on through 2020

The influence of Millennials and their preference for quality over luxury, as well as the rise of a new breed of trendy and tech-friendly mid-market hotel brands, was the focus of a dedicated PwC-hosted panel session today (Wednesday, 27 April 2016), with a line-up of international hoteliers...

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Business & Money | Thursday 28 April, 2016 12:30 am

Limited IPO activity in MENA continues in Q1 2016; Egypt and KSA lead activity: EY

 The Middle East and North Africa (MENA) region witnessed only two IPOs raising US$615.0m in Q1 2016, representing another quarter with limited IPO activity, according to EY. Capital raised through MENA firms in Q1 2016 increased by 141%, while the number of IPOs were consistent (2 IPOs),...

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Tourism & Hospitality | Wednesday 27 April, 2016 3:54 pm

ETIHAD AIRWAYS ANNOUNCES NET PROFIT OF US$ 103 MILLION FOR 2015

Etihad Airways, the national airline of the United Arab Emirates, today announced its strongest annual financial results to date, with a net profit of US$ 103 million on total revenues of US$ 9.02 billion.   The performance, which marked the airline’s fifth consecutive year of net...

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Business & Money | Wednesday 27 April, 2016 2:41 pm

Strong UAE Exchange Rate Creates International Opportunities for Wealthy Property Buyers

 UAE buyers are using the strong UAE dirham to snap up international property, particularly in Europe, according to the Dubai office of global property broker, Engel & Völkers. The dirham has experienced strong growth against a broad range of foreign currencies, thanks to its peg to...

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Technology & IT | Tuesday 26 April, 2016 3:27 pm

Zain Saudi Arabia Continues to Report Significant Growth in Q1, 2016

Following the excellent performance during 2015, Zain Saudi Arabia (Zain KSA) announced significant improvements in its financial results for the first quarter of 2016 ending March 31, 2016. Revenues grew by 7% in Q1, 2016 reaching SAR 1,765 million (USD 471 million) compared ...

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Business & Money | Monday 25 April, 2016 7:40 am

Digital skills may help increase female workforce in Saudi Arabia, Accenture research finds

Globally, digital savvy women are helping to close the gender gap in the workplace. And digital fluency, the extent to which people embrace and use digital technologies to become more knowledgeable, connected and effective, plays a key role in helping women achieve gender equality and level the...

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Business & Money | Sunday 24 April, 2016 6:02 pm

Ford Motor Company Conservation and Environmental Grants Programme Awards

The Ford Motor Company Conservation and Environmental Grants programme today announced 18 recipients who will share US$100,000 to support their ongoing projects aimed at protecting the environment utilising various innovative methods.  The Grants programme, which helps grassroots level...

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Technology & IT | Wednesday 20 April, 2016 2:27 pm

Google Android Security report: Google’s security services protect over 1 billion Android devices

Google released today its second Android Security Annual report which sheds light on how the company has been working to better secure the Android ecosystem. The report reveals new security protections introduced in 2015, in addition to insights on how Google has been working with partners and the...

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