Articles
Downturn hits Boeing Business Jets
While it is often said in a downturn that the rich stay rich, they may not be travelling in as much comfort if the private jet market is any guide.
UAE shares up as financial stocks gain
The Abu Dhabi Securities Exchange rose by nearly a full percentage point, while the DFM rose by 0.3 per cent with Bahrain-based Gulf Finance House the top mover.
UAE investors to deploy billions in health care and education technology
Foundation Holdings, a global investment firm, is looking to deploy Dh2 billion over the next five years across the GCC and India.
Alabbar, Amazon help UAE e-commerce gain traction
The hardening interest from Amazon in the region and perhaps for Souq.com brings the likelihood of an e-commerce slugfest.
Dnata buys into cargo and ground handling services at Toronto Pearson airport
Dnata’s move into Canada completes a third acquisition in the Americas in the past 12 months.
Alabbar extends online reach with Yoox Net-a-Porter deal
The announcement comes only 15 days after Mohamed Alabbar launched the $1 billion e-commerce platform Noon.com.
Bumper ‘White Friday’ weekend for Souq.com with surge in online shopping
Souq.com said it sold 1.2 million products over the so-called 'White Friday' weekend – more than double last year’s total.
Dubai retail tops tourism strategy
Retail is estimated at 30 per cent of the emirate’s GDP and a key part of its strategy to bring 20 million visitors by 2020.
CBD to launch online bank next year as it follows digital transformation strategy
The move comes as an increasing number of the UAE’s banks and financial institutions offer online digital services.
Singer, Harvard grad and entrepreneur Ryan Leslie gets the message across with SuperPhone texting
The hip hop entrepreneur has raised US$2.2 million since 2013 for his SuperPhone texting service, which started out as a way of keeping in touch with fans.
Formula One has proved to be a big win for Abu Dhabi hospitality
The last F1 race of 2016 kicks off on Sunday and the capital is hosting thousands of fans from around the world. The city’s hospitality sector is a main beneficiary of this global event.
Formula One is a cash king with big appeal
F1 generated around US$1.9 billion in commercial revenues in 2015, of which $950 million was distributed to the teams.
UAE ministry official calls on tourism sector to embrace innovation
The UAE’s tourism sector needs to embrace innovation to maintain growth in visitor numbers, said Mohammed Al Mheiri, undersecretary for the Ministry of Economy.
Majid Al Futtaim will expand Sharjah City Centre
The enhancement is estimated to cost Dh260 million and is expected to be completed by the end of 2017.
Marka posts smaller losses as target date for profitability looms
Third quarter net loss attributable to equity owners stood at Dh11.8 million, down from the Dh14.7m loss reported during the same period a year earlier.
