Business / economics

Dubai retains second position for international retailer representation

UAE.  Dubai retained its position as the second most important international retail destination globally for the third consecutive year, closely behind London, which also retained its number one position, according to the 2014 edition of How Global is the Business of Retail? by leading global real estate consultancy firm CBRE. London and Dubai are significantly ahead of New York, Moscow and...

Liberating knowledge from documents

Fujitsu hosted its 6th partner conference in Abu Dhabi, United Arab Emirates, from 20 to 22 May. Almost 300 experts from 47 countries in the EMEA region attended the event held under this year’s theme “Document and Digitise: Free Knowledge”. PFU executives offered strategic updates and an overview of Fujitsu’s document scanner business. Representatives of various industries such as finance and...

Qatar Airways all set to move full operations to Hamad International Airport

Qatar Airways is all set to move and commence its flight operations from Hamad International Airport on 27 May at 09:00 Doha time. This historic move will enable Qatar Airways’ passengers to enjoy a comprehensive Qatar Airways’ five-star experience at the world’s newest international gateway. The move will mean that as of 09:00 Doha time on 27 May, all commercial passenger airlines operating...

EIAST signs MoU with Dubai Municipality to facilitate knowledge sharing & manpower investment

 In line with the common aspirations to position Dubai as a premier Smart City, the Emirates Institution for Advanced Science and Technology (EIAST) has signed a memorandum of understanding (MoU) with Dubai Municipality to facilitate knowledge transfer, sharing of data and practical experiences, and developing human resources in the areas of space science, remote sensing applications, space...

Gulf Petrochem Drives Global Expansion with the Appointment of a New Executive Director to its Board

 Gulf Petrochem, today announced that its Board of Directors has appointed Thangapandian Srinivasalu as Executive Director for the group and member of the Board of Directors effective immediately. Thangapandian S had previously held the position of CEO for Marketing and IST at Essar Oil Limited. “During this time of transition into emerging markets and diversification of our business in the...

THERE S ONLY ONE DIRECTION FOR THE WORLD S BIGGEST ARTISTS…DUBAI

World’s most famous boy band, One Direction, join the emirate’s unrivalled line-up of upcoming music events, including Lady Gaga and world’s largest dance event, Sensation Directioners get ready, because Harry, Liam, Zayn, Niall and Louis are coming to Dubai. Choosing the emirate as the region’s stop on their 2015 global tour, the world’s most famous boy band will join a list of international...

Motorola introduces Moto X in UAE

Description: Moto XTM – A Smartphone that is Ready when you are. Comments: Meet Moto XTM by Motorola: the ultimate wingman, because your smartphone should work for you—not the other way around. Moto X represents the best of Motorola and Google, and it’s coming to the customers in UAE.Moto X has a unique curved back, designed to fit your hand. Talk to Moto X and it learns your voice. With Google...

OCS Group expands Middle Eastern operation with launch of UAE business

Description: In partnership with United Technical Services, OCS Emirates will handle total facilities management from headquarters in Abu Dhabi with a supporting office in Dubai Comments: OCS Group, which is the world’s largest family-owned facilities management company, has signed a joint venture with United Technical Services to enter the UAE market and introduce customer-focussed strategic FM...

Aldar sales record fails to lift Abu Dhabi bourse

The Abu Dhabi stock market index ADXGI fell by 0.70 per cent to 4,986.09 points on Sunday, May 18. Aldar Properties, which entered the MSCI emerging market index last week, plummeted 3.22 per cent to AED3.91. Earlier in the day, Aldar revealed that it has sold all units of its new Al Hadeel residential community in Abu Dhabi, on the first day of the off-plan sales launch.  “The sell-out of...

Zain’s new eeZee unlimited packages break new grounds

Zain, the leading telecommunications company in Kuwait, announced the launch of its new eeZee Unlimited prepaid packages, which includes unlimited calls, SMS and MMS messages, as well as 4G LTE Internet services. The new packages provide customers with a fast and simple way to communicate over the most reliable 4G LTE network in Kuwait. Profoundly keen to offer appealing and flexible services...

Belhasa Group Prepares For Its FM EXPO Debut

The Belhasa Group is one of but a small number of companies in the Emirates that can claim to have true heritage in the region.  Founded by Dr. Ahmed Saif Belhasa more than 40 years ago, the Group is synonymous with business excellence and is wholly representative of the vision, opportunity and unparalleled achievement that define corporate Dubai. This week, three of the Group's subsidiaries:...

Emirates interested in buying top airline caterer from Lufthansa

UAE. Emirates, the No. 1 airline on international routes, is interested in buying the world’s leading inflight catering business from Deutsche Lufthansa AG (LHA), the head of the Dubai-based company’s Dnata services arm said. Lufthansa’s LSG Sky Chefs would be a good fit as Emirates Group seeks deals in ground handling, catering and other travel services, Dnata President Gary Chapman said in an...

EIAST participates as Strategic Partner for World Space Risk Forum 2014

The Emirates Institution for Advanced Science and Technology (EIAST) has announced its participation as Strategic Partner for the World Space Risk Forum 2014, which will take place from May 13 to 15, 2014 at Raffles Dubai, UAE. The globally established biennial event, which brings together leading professionals representing all aspects of the aerospace industry, will provide international...

Dubai set to become the crane capital of the world, says Chesterton

UAE. Chesterton, the international property agency established in 1805, stated that the skyline of Dubai is set to change with construction industry expected to gather further momentum in 2014. Construction cranes have dotted the Dubai skyline and are seen to herald the economic growth. With a major build-up of momentum in the real estate activity, cranes have made their presence felt in the...

GE Oil & Gas opens rapid response OEM aftermarket center in Jebel Ali

GE’s Measurement & Control business, a division of GE Oil & Gas, transformed the Jebel Ali facility into a dedicated OEM aftermarket center (AMC) to help customers manage valve maintenance and reduce unplanned downtime. The AMC offers rapid response programs, including ValvFAST that enables GE to meet the emergency delivery requirements of customers. It is now fully equipped with a dedicated...

Standard Chartered sees US$5.5 billion ship loan growth on oil spend

Standard Chartered Plc (STAN), the British bank that earns most of its profit from Asia, expects to increase its $5.5 billion of loans to the shipping industry as demand for vessels recovers and oil-industry investments rise. The London-based bank’s lending to ship companies jumped more than 30 percent last year and it expects another “very active year” in 2014, Nigel Anton, head of shipping...

Cheil MENA hires Olga Kudryashova to lead its strategic planning unit

Before joining Cheil, Kudryashova was also consulting for Open D Group, an agency specialising in retail design, packaging and consumer engagement, where she expanded the company’s expertise into shopper-centric retail solutions.Kudryashova’s experience in shopper marketing will mirror Cheil’s experience in retail through clients such as Samsung and du. Olga will be responsible for overall...

Getting a Job in Islamic Finance gets easier

Country: United Arab Emirates Industry Sector: Finance & Insurance Description: Ethica Institute of Islamic Finance in Dubai partners with eFinancial Careers, one of the world’s leading financial services careers website. Comments: eFinancialCareers, one of the world’s leading financial services careers website today announced its partnership with Ethica Institute of Islamic Finance in Dubai,...

Crystal Chocolatier's first franchise opening in Lebanon in June 2014

Crystal Chocolatier , the Lebanese chocolate factory and shop, has extended its commerce to Qabrshmoun, Aley - Lebanon, by selling a franchise of its retail shop. The official opening of this franchise will take place in mid June 2014.   The franchise consists of selling Crystal Chocolatier 's chocolate product line as it is, like chocolate decorations for all occasions (newborn chocolate...