Business & Money | Thursday 11 February, 2016 12:20 pm

DAMAC Properties net profit grew 30% to AED 4.51 billion (US$1.23 billion) for full year 2015

DAMAC Properties Dubai Co PJSC (DFM: DAMAC) (“DAMAC” or the "Company"), a leading developer of high-end property in the Middle East, announces results for year ended 31 December 2015.    Financial Highlights   During full year 2015, DAMAC recorded...

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Business & Money | Thursday 11 February, 2016 7:56 am

MENA Women in Finance Award Launched at Diversity Event

A new Middle East & North Africa (MENA) ‘Women in Finance’ award has been launched at an event in Dubai which looked at how businesses can encourage greater diversity and benefit in the process.   The award initiative was announced by event host ACCA (the Association of...

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Business & Money | Thursday 11 February, 2016 7:52 am

OSN marks region’s first all-transaction window buyout deal with Gulf Film for exclusive access to its premium content

Movie-lovers can now have the best of both worlds as OSN, the region’s leading pay-TV network, and Gulf Film, a distributor of major studio productions and independent movies, have signed a six-year exclusive partnership through 2021 for premium film content.   Marking a regional...

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Business & Money | Thursday 11 February, 2016 7:43 am

Philip Morris International Recognized as Top Employer in Europe and the Middle East

Philip Morris International Inc. (PMI) (NYSE/Euronext Paris: PM) today was recognized as a Top employer in Europe for the fourth consecutive year, and for the first time in the Middle East, in recognition of the company’s excellent work environment and exceptional development opportunities...

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Business & Money | Thursday 11 February, 2016 2:33 am

Arabia CSR Awards 9th Cycle launched

The region’s premier CSR and Sustainability Awards scheme was officially launched in the United Arab Emirates in a press conference held this morning. Currently in its ninth cycle, the Arabia CSR Awards have been successful in unveiling the good examples and best practices coming out of...

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Business & Money | Wednesday 10 February, 2016 3:58 pm

Dubai Investments showcases pioneering concepts, projects at ACRES Middle East

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment conglomerate listed on the Dubai Financial Market, is showcasing pioneering real estate concepts and projects of its subsidiaries – Dubai Investments Park [DIP] and Dubai Investments Real Estate Company [DIRC] at ACRES...

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Business & Money | Wednesday 10 February, 2016 2:34 pm

moto helps Peshawar attack survivors fulfill dream trip to meet their heroes in Dubai

Just over 12 months ago, news emerged from Pakistan that 132 children for many of the Grade Nine and Ten students, it was a dream come true. The group was invited to the inauguration of the new Pakistan Super League (PSL), where they met some of their heroes such as Pakistan’s Twenty20...

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Business & Money | Wednesday 10 February, 2016 2:31 pm

Strong Presence for Sharjah Waterfront City at the ACRES Middle East Exhibition

Sharjah Oasis Real Estate Development, a rising real estate developer in the region, has set the infrastructure completion date of phase 1 Sharjah Waterfront City to be June 2016. The announcement was made in the occasion of the developer’s participation at the ACRES Middle East Investment...

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Business & Money | Wednesday 10 February, 2016 7:31 am

Cloisall’s Order Book Soars to 700 Million AED

With 2016 in full swing, Cloisall, the GCC’s leading interior fitting and contracting company, has secured a staggering 700 million AED in contracts – to be initiated over the next 24 months. The company capped off 2015 with equally impressive numbers: in the last year alone, it...

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Business & Money | Wednesday 10 February, 2016 7:25 am

Kuwait’s largest mixed-use waterfront retail, lifestyle and leisure destination – Tamdeen Group’s AL KOUT – takes shape

AL KOUT, a project under the overarching umbrella of the Tamdeen Group – Kuwait’s leading mixed-use property developer that is reshaping the urban and social landscape of the country through innovative projects – is on schedule to formally open in the fourth quarter of...

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