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SPEND ACROSS VARIED SECTORS
Chinese firms to invest $1bn in Abu Dhabi free zone
A total of 15 Chinese companies have signed agreements to invest in Abu Dhabi’s Khalifa Port Free Trade Zone (KPFTZ), the largest free zone in the Middle East, totalling $1 billion in value.
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6,500 FREEHOLD HOUSING UNITS
Majid Al Futtaim launches flagship community in Dubai
Majid Al Futtaim, a leading retail and leisure pioneer in the region, has announced the launch of Tilal Al Ghaf, its flagship community in Dubai which will boast of more than 6,500 freehold homes when completed by 2027.
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COMMERCIAL OPERATIONS BY 2020
Acwa consortium wins Salalah IWP desal plant deal
A consortium led by Saudi-based Acwa Power has been awarded the contract to develop the first independent water desalination plant in Oman's Dhofar Governorate.
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ANALYSIS
Half of UAE residents less sure about financial health
Almost half of UAE residents are less confident about their financial health than they were 12 months ago, but remain more confident about their prospects in the UAE than anywhere else, said a new report
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ANALYSIS
GCC Islamic banks to maintain improved asset quality
The credit fundamentals of Islamic banks operating in the GCC have converged with those of their conventional peers and they should maintain their improved asset quality and profitability in the coming year, Moody's said in a new report.
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NEWS IN PICTURES
A night to remember
Multi-million selling, International recording artist Craig David regaled and wowed Marriott International’s loyalty program members, partners and invitees from the media with an unforgettable performance on April 18.
Top Trade News
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Majid Al Futtaim launches flagship community in Dubai
Majid Al Futtaim, a leading retail and leisure pioneer in the region, has announced the launch of Tilal Al Ghaf, its flagship community in Dubai which will boast of more than 6,500 freehold homes when completed by 2027.
More…
Lulu, iLife target budget smart shoppers
iLife Digital Technology, a developer for innovative technologies and retail giant Lulu Middle East have partnered targeting a growing billion dollar market of consumers looking to spend on affordable consumer electronics.
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Acwa consortium wins Salalah IWP desal plant deal
A consortium led by Saudi-based Acwa Power has been awarded the contract to develop the first independent water desalination plant in Oman's Dhofar Governorate.
More…
UAE’s e-Dirham generates $1bn govt revenue in Q1
The federal government revenue collected through e-Dirham in the UAE reached more than Dh4 billion ($1.08 billion) in the first quarter (Q1) of 2018, representing an increase by 82 per cent compared to the same period last year.
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Half of UAE residents less sure about financial health
Almost half of UAE residents are less confident about their financial health than they were 12 months ago, but remain more confident about their prospects in the UAE than anywhere else, said a new report
More…
Thyssenkrupp sets up 'world’s biggest virtual warehouse'
Leading German multinational conglomerate Thyssenkrupp said its materials services unit has digitised the company's entire range to set up the world’s biggest virtual warehouse offering more than 150,000 of its products and services.
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UAE's largest Holiday Inn opens
InterContinental Hotels Group (IHG) and UAE conglomerate Al-Futtaim have announced the opening of the largest Holiday Inn in the UAE at Dubai Festival City.
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Du announces new budget smartphone offer
Dubai-based telecom provider recently announced its new Budget Smartphone Offer, which will allow companies to buy affordable devices for their employees through easy interest-free instalment plans of 12 or 24 months.
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Hollywood star headlines Nissan Formula E launch tour event
Nissan completed its Formula E launch tour in Los Angeles with an event led by Margot Robbie, the firm's electric vehicle and sustainability ambassador, heralding an exciting era for Nissan as it enters the ABB FIA Formula E Championship.
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Saudi group inks partnership deal with China's Higher Bus
Saudi-based Abdul Latif Jameel Machinery has inked a strategic partnership deal with top Chinese bus and coach manufacturer Higher Bus for supply of its hybrid and clean energy buses besides coaches, city and school buses in the kingdom.
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Saudi German Hospital to build 100-bed facility in RAK
Saudi German Hospital, a leading healthcare group in the region, has announced plans to build a 100-bed specialty hospital at Al Marjan Island, a luxury resort destination in the northern emirate of Ras Al Khaimah.
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Viva Bahrain, Samsung partner for entertainment service
Viva Bahrain, a leading telecom operator has partnered with Samsung Electronics Mena introducing Samsung CUE, a digital entertainment service featuring latest music and music services.
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KPMG to create over 700 jobs in Saudi Arabia in 5 years
KPMG, a leading provider of audit, tax and advisory services, has announced plans to create more than 700 jobs over the next five years in Saudi Arabia mainly for its nationals in order to cater to its overall business growth in the country.
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Expat families 83pc of 2nd citizenship applicants in Saudi
Eighty-three per cent of high net worth people applying for a second passport in Saudi Arabia are families, according to Citizenship Invest, a market leader citizenship programmes to obtain a second nationality.
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