UAE insurers facing more earnings pressure in 2015

Despite good premium growth, listed insurance companies in the UAE are showing further earnings strain amid new regulatory demands, increasing the likelihood of business cessations, Standard & Poor's said in its latest report..... Read more »

Posted on : 12/10/2015

AccorHotels takes over Fairmont, Raffles owner FRHI

<p>AccorHotels has cemented its grip on the UAE’s luxury hotel segment after it acquired FRHI Holdings, the owner of the Fairmont, Raffles and Swissôtel chains.</p>.... Read more »

Posted on : 12/10/2015

UAE economy to grow 3-3.5% in 2016

The UAE economy is expected to grow between three and 3.5 per cent in 2016, UAE Minister of Economy Sultan bin Saeed Al Mansouri said on Tuesday..... Read more »

Posted on : 12/9/2015

Dubai set to grow 4% in 2015

Dubai continued to enjoy a unique place in the region for its business doing environment as it issued 17,169 new licences in the first nine months of the year. The emirate also renewed 100,556 licences, says an official presentation..... Read more »

Posted on : 12/9/2015

Top solar developers vying for 800MW Dubai contract

<p>Dubai's state utility company has said that a large number of international developers have submitted bids to be involved in the third phase of the Sheikh Mohammed bin Rashid al-Maktoum Solar Park.</p>.... Read more »

Posted on : 12/9/2015

Aster DM Healthcare inaugurates its new medical centre in Bahrain

<p>Dubai-based healthcare provider Aster DM Healthcare has expanded its reach as it inaugurated the Aster DM Medical Centre in Gudaibiya, Bahrain providing affordable and world-class healthcare services to the Kingdom. The centre was inaugurated on behalf of His Royal Highness, Prince Khalifa bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain by the Cabinet Affairs Minister Mohammed bin Ibrahim Al Mutawa.</p>.... Read more »

Posted on : 12/9/2015

Opec free-for-all a boon for Asia economies

The world's biggest oil consumers could hardly have hoped for a better Opec meeting..... Read more »

Posted on : 12/8/2015

Honeywell smart building technology to make ME debut

Honeywell is unveiling its next generation of smart building technology, including the command and control suite, for the first time in the Middle East at the 2015 Internet of Things World Forum, or IoTWF, concluding today at the Dubai World Trade Centre, or DWTC..... Read more »

Posted on : 12/8/2015

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