Business & Money | Friday 18 August, 2017 12:25 pm

Emaar Hospitality Group launches innovative service culture programme to enhance guest experience

Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties PJSC, has launched an innovative service culture programme that aims to transform every touch point of the guest journey into a genuine lifestyle experience.   Further building on the brand values of...

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Business & Money | Friday 18 August, 2017 5:15 am

Dana Gas bondholders face ‘significant liability’ in UAE court case

Investors in Dana Gas’s $700 million Islamic bond are likely to have to repay the company a “significant” amount as a result of legal action in the UAE, the company said on Tuesday. In a case which has unsettled the Islamic finance industry, Dana is seeking in UAE and British...

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Business & Money | Friday 18 August, 2017 4:30 am

Dubai Pepsi bottler loses fizz ahead of sugar ‘sin tax’

The Dubai-based Pepsi bottler lost some of its fizz in the second quarter as sales retreated. Dubai Refreshment, which bottles Pepsi and other sodas such as Mountain Dew and 7Up, reported a 12 percent fall in second-quarter profit to 24.7 million dirhams ($6.7 million) as sales also declined by...

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Business & Money | Friday 18 August, 2017 4:20 am

Google cancels staff meeting over fears of online harassment

Alphabet’s Google canceled on Thursday a company-wide meeting scheduled to discuss the controversy over a memo opposing diversity policies, the company said, citing concerns about personal attacks on employees from far-right commentators. The company meeting was called to discuss the...

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Business & Money | Friday 18 August, 2017 4:17 am

Emirates faces tough decisions over the future of the A380

 For almost a decade, the image of Emirates has been intertwined with that of the double-decker jumbo jet, the Airbus A380. It is an image that may need to be reviewed as doubts about the viability of the aircraft’s future mount. “Emirates has not appeared likely to order...

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Business & Money | Friday 18 August, 2017 4:00 am

Dubai says 88 property projects launched in the first half

The Dubai Land Department (DLD) on Saturday said that a total of 88 property projects were launched during the first six months of the year. The agency also said that 68 real estate projects were registered with the government, amounting to an investment value worth Dh21 billion (SR21.44...

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Business & Money | Friday 18 August, 2017 3:45 am

Non-oil trade at Dubai’s Jebel Ali Free Zone hits $80.2 billion in 2016

Non-oil trade at Jebel Ali Free Zone rose 17 percent to $80.2 billion (SR300.75 billion) or an equivalent 27.9 million tons in 2016, from 23.9 million tons a year earlier. China kept its position as the free zone’s major player with $11.3 billion worth of non-oil goods, equipment and...

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Business & Money | Friday 18 August, 2017 3:00 am

Damac reports decline in property development sales

Damac Properties reported a second consecutive quarterly income decline after property development sales fell sharply. The developer behind the only Trump-branded golf course development said total comprehensive income declined 19 percent to 704.8 million dirhams ($191.9 million) as the money it ...

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Business & Money | Thursday 17 August, 2017 11:12 am

Melbourne the world’s most liveable city for seventh year

Melbourne’s reign as the world’s most liveable city has been extended for an unprecedented seventh year by the prestigious Economist Intelligence Unit’s (EIU) annual Liveability Index. The Index surveys 140 of the world’s cities and Melbourne has come out on top...

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Business & Money | Thursday 17 August, 2017 9:29 am

UAE consumer spending to top $261 billion by 2021

Consumer spending in the UAE is forecast to top $261 billion (SR978.75 billion) by 2021, expanding at a compound annual growth rate (CAGR) of 7.5 percent over the next five years, the Dubai Chamber said in a report. “The UAE’s consumer market is largely being driven by a fast-growing ...

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