Wednesday 23 January 2019

UAE equity market to rally in 2019: FAB report

UAE equity markets will rally in 2019, boosted by a weaker dollar, higher oil prices and Abu Dhabi’s economic stimulus plan, said First Abu Dhabi Bank (FAB) in its Global Investment Outlook report for 2019. With the world’s biggest economies continuing to post good gr


IBM, Vodafone form new venture to drive innovation

IBM and Vodafone Business have partnered to create a new venture to accelerate adoption of cloud technologies and innovative business applications enabled by AI, 5G, Edge and Software Defined Networking (SDN). The new strategic commercial agreement provides provide clients with t


Dubai Quality Group appoints new chairman

Dubai Quality Group (DQG), a non-profit organisation that advances learning, promotes quality improvement and business excellence practices, has appointed Hassan Omar as the new chairman of the company board for the 2019-2021 period. The other board members are Hazza Khalfan Alne


Asry appoints new chief financial officer

Arabian Gulf’s leading maritime repair and fabrication facility Asry has appointed Sahar Ataei as the new chief financial officer of the shipyard. In her new role, she will oversee the human resources, financial and IT divisions. She joins the company after 19 years with Ba


Edamah makes grand Gulf Property Show debut

Bahrain Real Estate Investment Company (Edamah) is making its debut at Gulf Property Show 2019 - the boutique showcase for the real estate and property development sectors in the Northern Gulf region - in style as the show's strategic sponsors. A premium real estate industry


Adnoc named Middle East's most valuable brand

The Abu Dhabi National Oil Company (Adnoc) has been named as the most valuable brand in the Middle East region by Brand Finance, the world's leading brand valuation and strategy consultancy. Adnoc is the first regional oil and gas company to be featured in the annual Brand Fi


EDB attracts direct investments worth $830m in 2018

Direct investments attracted by the Bahrain Economic Development Board (EDB) has reached a new high of approximately $830 million in 2018, an increase of 13.2 per cent on 2017’s record-breaking achievements. Key accomplishments across a range of sectors – from tourism


Saudi Arabia sacks aviation authority president

In a major move, Saudi King Salman bin Abdulaziz Al Saud has dismissed the president of General Authority of Civil Aviation (GACA), the kingdom's national aviation body, said a report. According to the state-run


Saudi Arabia to provide fresh maritime investment opportunities

Saudi Arabia’s maritime and logistics sector is set to provide a host of fresh investment opportunities that will enable the kingdom’s integration into the regional and global economies at the 2nd Saudi Maritime Congress, in March, in Riyadh. The event will take place


Jumeirah Messilah Beach Hotel wins big at Horeca Kuwait

Jumeirah Messilah Beach Hotel & Spa emerged a big winner at Horeca Kuwait, the biggest hospitality and food industries event in the country, earning the most number of awards in the competition. The competition, which took place at the Kuwait International Fairground from Jan

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