Friday 30 January 2015
 
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Majid Al Futtaim aims to double in size after strong 2014

Dubai-based mall operator Majid Al Futtaim signalled on Tuesday it expects the emirate to remain a magnet for shoppers, announcing plans to double its business within five years as it reported strong results for 2014. The privatel

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GB Auto plans $1.5bn spend on two new factories

Egypt's GB Auto aims to invest $1.5 billion to build two new factories, its chief executive said, in a vote of confidence for the country's political stability. Political turmoil has hammered Egypt's economy since an u

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GB Auto plans $1.5bn spend on two new factories

Egypt's GB Auto aims to invest $1.5 billion to build two new factories, its chief executive said, in a vote of confidence for the country's political stability. Political turmoil has hammered Egypt's economy since an u

More…

GB Auto plans $1.5bn investment in new factories

Egypt's GB Auto aims to invest $1.5 billion to build two new factories, its chief executive said, in a vote of confidence for the country's political stability. Political turmoil has hammered Egypt's economy since an u

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iMena’s 2014 revenue surges 265pc

iMena Group, a leading operator of online and mobile businesses, has posted a year-on-year increase of 265 per cent in revenues for 2014, driven by geographical expansions along with the launch of new business lines. The company a

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Bahrain tourism 'hit by hotels clamp'

The recent measures targeting three and four-star hotels are taking a heavy toll on the tourism industry in Bahrain. A leading Asian hotelier has stopped his expansion plans in Bahrain and started transferring his investments abro

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GCC petrochemicals revenues hit $89bn

Petrochemicals revenues reached an all-time high last year in the Gulf Cooperation Council, hitting the $89.4-billion mark, according to a report. This was revealed in a new industry report by the Gulf Petrochemicals and Chemicals

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GCC petrochemicals revenues hit $89bn

Petrochemicals revenues reached an all-time high last year in the Gulf Cooperation Council, hitting the $89.4-billion mark, according to a report. This was revealed in a new industry report by the Gulf Petrochemicals and Chemicals

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Saudi drives GCC hotel revenue growth in September

The hospitality sector in the GCC witnessed solid growth in September with Saudi Arabia dominating the region with a 49.2 per cent increase in Revenue per available room (RevPAR) followed by Qatar with a 18.9 per cent growth. Its neighb

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UAE telecoms firm du posts 18pc rise in Q3 profit

Du, the UAE's  No.2 telecom operator by subscriber numbers, reported a 17.8 per cent rise in third-quarter net profit on Tuesday, in line with analyst estimates as mobile data income and fixed line revenue grew. The firm,

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