Articles
Ras Al Khaimah Investment Authority on lookout for media entities
Rakia has signed an initial agreement with the National Media Council to support the issuing of licences to establish media-related companies in the emirate.
UAE biggest investor in European football shirt sponsorship as spending rises
AC Milan, Arsenal, Paris Saint-Germain and Real Madrid are all sponsored by Emirates, and Manchester City by Etihad Airways. Emirates is also the sponsor of England’s FA Cup competition.
Abu Dhabi’s twofour54 takes stake in online art marketplace
The media and entertainment free zone, has taken a stake in Collectionair.
Survey shows extent of economic crime
Nearly one in five organisations in the Middle East are willing to pay bribes to facilitate business, PwC’s Global Economic Crime Survey shows.
Christie’s wary of tough auction season
While Christie’s has seen the art market grow exponentially, some of the UAE’s galleries find the current climate a tough one to finalise sales, when many customers are looking for discounts.
More than 22,000 SMEs started in Dubai in 2015
Dubai SME, part of the Department of Economic Development, estimates that the number of small and medium-sized enterprises jumped by 18 per cent last year compared to 2014.
No immediate rush by Egyptians to send remittances back home
'A currency devaluation usually causes a wave of interest, but we have seen very little reaction today,' said Rashed Al Ansari, the general manager of Al Ansari Exchange.
Emaar increases retail rent in shopping spaces including The Dubai Mall
The broker Knight Frank says that last November, Dubai had 3 million square metres of retail gross leasable area with Emaar Malls accounting for about 557,420 sq metres of that – or about 18.5 per cent.
Etisalat expects single-digit revenue growth this year
Etisalat’s priorities this year also include defending its leadership position and 'value share' in Morocco and the UAE.
Al Futtaim to add another Ikea store in Dubai within two years
The Sweden-based company has posted double-digit growth in sales in its outlets across the UAE, Qatar, Egypt and Oman for the past four years.
Emaar’s new villas at Arabian Ranches come with all the trimmings
La Avenida 2 comprises of 34 detached villas in the gated neighbourhood in Dubai.
Gulf Craft to add two new boatyards in the UAE
Projects such as Dubai’s vast new canals are boosting demand.
Dh1 billion funding round can seal Souq.com as region’s first ‘unicorn’
Souq.com added new strategic investors to diversify its investor base, including Standard Chartered Private Equity, International Finance Corporation and investment manager Baillie Gifford.
Up to 20% of UAE’s food and beverage companies expected to close by end of 2017
'I see a lot of blood being shed in 2016, I think we will see 20 per cent of the current outlets in the UAE either closing or closed in 2017,' said Naim Maadad, chief executive of the hospitality development company, Gates Hospitality.
Adnec signs deal to bring more events to Abu Dhabi
Adnec will host Children & Parents World Exhibition, Lifestyle Exhibition, Media Communication & Content World Conference and Atech World Conference and Exhibition this year and next.
