Articles
Penthouse at London’s address of choice for Dh172 million
A three-bedroom duplex in Mayfair, the London address of choice for wealthy Arabs, has gone on the market for Dh171.85 million.
Off hours: Plan b founder who went from Dh2,000 to Dh200,000 a month in Dubai
Harmeek Singh, the founder and chief executive of Plan b Group, describes himself as a contemplative soul who likes to spend his time outside work writing poetry.
UAE malls fine-tuning retail mix to cope with increasing supply
While the retail environment in the UAE is bucking the trend of many other places, where e-commerce is eating into the profits of brick and mortar operations, its challenges are arguably tougher.
HMV to open 15 music outlets across Middle East
HMV will become a regional competitor to Virgin Megastore, which has 14 outlets across the Middle East.
Oman to build solar plant to extract crude from oilfields
The Miraah solar thermal facility, which will be built by GlassPoint Solar of the United States, will produce steam for use in enhanced oil recovery.
Bank lending to SMEs likely to fall amid corporate consolidation
The spread between interest rates offered to SMEs and larger companies had narrowed significantly in the past few years.
UAE car dealers rev up sales bonanza during Ramadan
Ramadan usually accounts for the highest percentage of sales throughout the year, according to Sayed Humayun Alam, the general manager at Almasaood Automobiles, Nissan’s dealer in Abu Dhabi.
Palm Jumeirah villa has echoes of Andalucia and price tag of Dh56m
A fully-furnished five-bedroom extended villa on Palm Jumeirah has gone on the market for Dh56 million.
UAE’s Lulu and Geant take battle for grocery customers online
Geant to offer online sales and delivery service to Abu Dhabi, while Lulu will release new app with click and collect service and home delivery across all branches.
US-Qatar investors bid for a controlling stake in Formula One
RSE Ventures, which owns the Miami Dolphins NFL team, is joining forces with Qatar to acquire the 35.5 per cent stake from private equity fund CVC Capital Partners, according to reports.
Abu Dhabi set fair after victory at Volvo Ocean Race
Winning the Volvo Ocean Racing series is a historic achievement for the capital-backed team. The boost for the emirate and for the country’s global brand, plus the economic benefits of involvement, are also of major significance.
Staff innovations on the cards to lure creative talent to Dubai
The licensing authority for 10 free-zone clusters including Dubai Internet City, Dubai Outsource Zone and Dubai Media City, is throwing down the gauntlet to London, New York, Bangalore and any other city competing for creative entrepreneurs.
Sharaf DG brings omni-channel approach to electronics retailing
The retailer unveiled its revamped Dubai flagship store in Times Square.
UAE sets the pace in regional private wealth
Private wealth in the UAE is projected to grow at a compound annual growth rate of 10.7 per cent to US$1 trillion, followed by Kuwait at 6.7 per cent and Saudi Arabia at 5.3 per cent.
Eros Group named best brand in the UAE
Electronics retailer and distributor comes top out of 12,000 in Superbrands event.
