Business & Money | Tuesday 13 January, 2015 2:32 pm

Michael Rauterkus is the new CEO of Grohe AG

Michael Rauterkus (47) has been appointed by the Supervisory Board of Grohe AG to the position of CEO with effect from 1 January 2015. The announcement was made following the last Supervisory Board meeting. Rauterkus takes over this function from David J. Haines, Chairman and CEO of the GROHE Group ...

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Business & Money | Tuesday 13 January, 2015 1:07 pm

Emirates Money and MetLife sign preferred partnership agreement

Emirates Money, a subsidiary of Emirates NBD, entered into a preferred partnership agreement with MetLife, a global provider of insurance at a ceremony held on Monday, January 12, 2015.Through this partnership, MetLife will provide Emirates Money’s corporate and individual customers a range of...

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Business & Money | Tuesday 13 January, 2015 1:20 am

Cayan Group unveils plan to develop AED 1.2 billion mega property projects in Dubai & Riyadh

Cayan Group, one of the Middle East’s leading real estate developers, has announced that it is developing AED 1.2-billion mega property projects in Dubai, UAE and Riyadh, Saudi Arabia this 2015. The award-winning company with a rich portfolio of premium developments across New Dubai’s skyline...

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Business & Money | Tuesday 13 January, 2015 12:57 am

GCC Rail and Metro Conference 2015 Recommendations- A Vision to Sustainable Development

Held under the auspices of His Highness Sayyid Shihab Bin Tariq Al Said, Advisor of His Majesty the Sultan, the GCC Rail and Metro Conference 2015 was held in Qasr Al Bustan Hotel, Muscat, Oman from 11-12 January 2015. The event was organized by Ministry of Transport and Communications in Oman, in...

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Business & Money | Tuesday 13 January, 2015 12:42 am

Visa invites cardholders to ‘Shop, Spin and Win’ prizes in Dubai Shopping Festival

Visa Inc. (NYSE:V), the global leader in electronic payments, and official payment partner of the Dubai Shopping Festival (DSF) 2015, today launched its ‘Shop, Spin and Win’ activation that seeks to reward Visa cardholders during the annual shopping event.Running until 25 January 2015, at the...

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Business & Money | Tuesday 13 January, 2015 12:38 am

DSF Nissan Grand Raffle dishes out a fantastic treat for Indian chef

On the day his daughter turned one, Santi Biswas, a 32-year-old Indian chef working at China Garden restaurant in Karama, stepped out to find a convenience store to recharge his phone. Four days later, he became the winner of the Nissan Grand Raffle, organized as part of the 20th anniversary...

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Business & Money | Monday 12 January, 2015 3:23 pm

33 % Growth in Trading Volumes Recorded by DME in 2014

The Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, registered an impressive performance in 2014, posting- a 33 per cent growth in trading volumes to average 8,431 lots per day. Over 160 different traders from more than 90...

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Business & Money | Monday 12 January, 2015 3:16 pm

Value of Middle East wire and cable industry is projected to reach US$1 trillion by 2018

The value of the Middle East wire and cable industry is projected to be worth in excess of US$1 trillion by 2018, offering domestic and global wire and cable producers enormous investment and business growth opportunities.The forecast came on the third day of Wire & Cable Arabia 2015, which is...

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Business & Money | Monday 12 January, 2015 1:46 pm

The real estate sector ... an active partner in the development process

“The 2015 Budget reflects the strength and stability of the Saudi economy, and confirms that the kingdom will proceed with its comprehensive and sustainable development plans; it also promotes the importance of the contribution of the private sector in the development process.”, Said Majed Al...

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Business & Money | Monday 12 January, 2015 1:32 pm

Mashreq launches “sMiles”

UAE’s leading banking institution, Mashreq, today announced the launch of the Mashreq sMiles Credit Card – the first miles card in the UAE that allows customers to fly for free, instantly, with over 300 airlines including all domestic carriers of the UAE. The new card is set to change the...

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