Saudi Arabia offers room for growth in retail

<p>The recent softening in the UAE’s retail climate has given rise to retailers looking for new frontiers. The Emirates may be the retailing king of the Mena region, with Dubai second only to London as the globe’s most brand-penetrated city, but Saudi Arabia is the new opportunity for many companies.</p>.... Read more »

Posted on : 12/8/2015

Aswaaq reveals retail expansion plan in Dubai

<p>Aswaaq, the supermarket and mall operator owned by Investment Corporation of Dubai (ICD), has revealed a Dh110 million expansion plan.</p>.... Read more »

Posted on : 12/8/2015

Internet of Things revenues to grow 18% in 2015

Dubai: The global revenues from the Internet of Things (IoT) will increase more than 18 per cent from $655.8 billion (Dh2.4 trillion) in 2014 to $779.9 billion this year, said a top Cisco official..... Read more »

Posted on : 12/7/2015

Oman Oil plans to invest $4bn to boost output despite low prices

<p>Oman Oil's exploration and production division plans to invest up to $4 billion over the next five years to boost output despite low oil prices, the state-owned company's chief operating officer said on Monday.</p>.... Read more »

Posted on : 12/7/2015

Iran to sign $3bn gas contract with Indian consortium

<p>Iran has agreed a $3 billion contract with a consortium of Indian companies to develop the Farzad B c in the Persian Gulf, according to the Mehr news agency.</p>.... Read more »

Posted on : 12/7/2015

GFH Capital acquires market leading bread and sweets producer in Saudi Arabia

<p>UAE GFH Capital, a subsidiary of GFH Financial Group, announced today that it has agreed to acquire a market leading bread and sweets producer in the Kingdom of Saudi Arabia (“KSA”) for a transaction value of US$50 million.</p>.... Read more »

Posted on : 12/7/2015

Worldwide Q3 server revenue up 7.5%, shipments rise 9.2%

In the third quarter of 2015, worldwide server shipments grew 9.2 per cent from the third quarter of 2014, while vendor revenue increased 7.5 per cent year over year..... Read more »

Posted on : 12/6/2015

Sports retailer Sun & Sand to add 20 stores in UAE

<p>The sports apparel retailer Sun &amp; Sand will next year add a further 20 stores in the UAE as it expands across the region.</p> <p>The retailer, which runs more than 100 stores in the Emirates, also operates outlets for sub-brands such as Nike and Timberland.</p>.... Read more »

Posted on : 12/5/2015

UAE records 19% surge in new firms, 13% in licences

The figures are in line with the 13 per cent increase in the number of business licences issued in 2014 by the Department of Economic Development (DED) in Dubai..... Read more »

Posted on : 12/4/2015

Oil rises on Saudi 'proposal' to balance market next year

Oil prices rose from near-2015 lows on Thursday after a report sourced to a senior Opec delegate said Saudi Arabia would next year propose a deal to balance oil markets with non-Opec help..... Read more »

Posted on : 12/4/2015