Business & Money | Monday 13 July, 2015 2:56 am

GOIC: GCC food industries’ investments bordering on 24 billion USD in 2014

The Gulf Organization for Industrial Consulting (GOIC) announced that the number of factories operating in the GCC food industries sector increased from 1606 in 2010 to 1965 in 2014, a compound annual growth rate (CAGR) of 5.2%. During the same period, investments jumped from 13688 million USD to...

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Business & Money | Sunday 12 July, 2015 2:46 pm

Deloitte: Luxury brands must navigate technology and consumer forces to remain competitive

Global luxury brands should take advantage of evolving technological and consumer demands to help boost profits and remain competitive, according to the 2nd annual Global Powers of Luxury Goods report issued by Deloitte.   The report provides an outlook on the global economy; an analysis ...

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Business & Money | Sunday 12 July, 2015 1:44 pm

MENA M&A Market Stalls, During 2Q2015, Well Behind Its 3-Year Rebound

The MENA M&A market markedly regressed during 2Q2015, well behind its prolonged 3-year revived activity. The overall 12-month activity now falls short from a sustained and marked rebound mainly due to the regional political turmoil which is cited amongst the major factors weighing on investor...

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Business & Money | Sunday 12 July, 2015 1:32 pm

Qatar Airways Migrates Systems to the Ooredoo Data Centre

Ooredoo and Qatar Airways have expanded their strategic partnership, with the national airline moving both its primary and backup data to Ooredoo’s cloud-hosting platform.   As part of the migration, Qatar Airways has moved its systems and infrastructure to the world-class Ooredoo...

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Business & Money | Sunday 12 July, 2015 4:37 am

Dubai-China trade worth AED 47 billion in Q1 2015

 China is well positioned as Dubai’s top trading partner, with bilateral trade volume valued at AED 47 billion in the first quarter of 2015, Director of Dubai Customs, Ahmed Mahboob Musabih, revealed following a business meeting with Consul General of the People's Republic of China...

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Business & Money | Sunday 12 July, 2015 2:25 am

Sharjah Media Centre has created a distinguished media platform in the region

Sheikh Sultan bin Ahmed Al Qasimi, Chairman of the Sharjah Media Centre (SMC), emphasized that the centre has become an independent media entity, with its vision and identity as a distinguished media centre dedicated to developing excellent channels of government communication in the UAE and the...

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Business & Money | Friday 10 July, 2015 4:41 am

Carrefour expands its Carrefour Market brand portfolio with new store in Emaar’s The Ranches Souk

 Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa, has today announced the opening of its new Carrefour Market store, marking a significant milestone in the company’s regional expansion.   The new store, is...

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Business & Money | Friday 10 July, 2015 1:43 am

Millennium Plaza Hotel Dubai sponsors Annual Volunteers’ Party at Al Noor Training Centre

Millennium Plaza Hotel Dubai, one of the luxury accommodations along Sheikh Zayed Road sponsored this year’s Volunteers’ Party at Al Noor Training Centre for Children with Special Needs by providing snacks for the annual gathering.   The party was organized by the centre to...

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Business & Money | Thursday 9 July, 2015 2:27 pm

Over 43 banks in MENA region choose Chestertons for property valuations

Chestertons, an international property agency established in 1805, stated that determining property valuations should be more vigorous. Chestertons is currently supporting 43 leading banks across the region for property appraisals. Property valuation is a fair measurement tool that is used to...

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Business & Money | Thursday 9 July, 2015 2:18 pm

TONIC II: IDEAL STANDARD LAUNCHES THE ALLIANCE OF FORM & FUNCTION

Ideal Standard, the leading provider of innovative and design-driven bathroom solutions, has unveiled the latest standout development for its collection. Tonic II is a new total bathroom solution of harmonious and contemporary ceramics, fittings, furniture and bathtubs created by German design...

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