A gradual makeover for UAE's retail sector

Over the course of this year retailers have been reporting flat to lower sales year on year. While the level of variation depends on the type of business, across sectors — fashion, accessories, jewellery, furniture, food — few would be able to report the kind of growths that they were used to seeing between 2011-14..... Read more »

Posted on : 8/10/2015

Saudi Arabian bond sales will buy time to diversify from oil

Saudi Arabia’s new bond programme highlights the distance the country’s diversification efforts have yet to go, as it struggles to adjust to the new normal of US$50 oil. The country is planning $27 billion of new domestic bond issuances over the next year, according to reports, as it continues to fuel its fiscal deficits by burning through foreign exchange..... Read more »

Posted on : 8/9/2015

Mobility transforming UAE hospitality industry

Virtual check-ins, wireless entertainment, online room service requests and mobile travel upgrades - these are what the future holds for travel and tourism in the UAE, mobile technology experts say. .... Read more »

Posted on : 8/7/2015

UAE retail sales to reach Dh151 billion this year

Retail sales in the UAE are set to grow by 32.9 per cent from Dh114 billion in 2011 to Dh151 billion in 2015, a recent report by Business Monitor International forecasts..... Read more »

Posted on : 8/7/2015

UAE companies to exhibit products at The BUILDEXPO AFRICA 2015

<p>UAE companies will represent UAE at the 18th edition of The BUILDEXPO AFRICA, which will take place at the Mlimani Conference Centerin Dar-es-Salaam, Tanzania from August 22 to 24.</p>.... Read more »

Posted on : 8/7/2015

Dubai property investment reaches Dhs 53bn in H1 2015

Total real estate investment in Dubai exceeded Dhs 53bn in the first half of 2015, according to a report from Dubai Land Department. The report did not provide a comparative figure for the corresponding period in 2014..... Read more »

Posted on : 8/6/2015

Dubai mall firm Majid Al Futtaim H1 revenue rises 7%

Dubai-based mall operator Majid Al Futtaim reported a 7 per cent rise in half-year revenue on Wednesday as income increased from its supermarket franchise and leisure businesses..... Read more »

Posted on : 8/6/2015

Abu Dhabi booms as business confidence rises

The general index of confidence in the business climate in Abu Dhabi improved two points year-on-year to 61 points, in the first quarter of the year. However, it dipped two points on quarter-on-quarter basis, says a joint study by the Studies Division of the Department of Economic Development and the Statistics Centre-Abu Dhabi..... Read more »

Posted on : 8/5/2015

436 new firms at Dubai Investments Park

Dubai Investments Park (DIP) has attracted 436 new companies in the first five months of 2015, taking the total number of companies within the 2,300-hectare development to nearly 4,500. During the period, the new companies leased warehouses, distribution centres, office spaces and light industrial units across a total area of 580,000 square feet. The sub-tenants include well-known brands such as Splash Gulf, Majan Food Industries, Galaxy Metal Industries, Four Zone Décor, Royal Cosmetics and 4 Corner General Trading, among others. This marked a 20 per cent increase in commercial space allotments in the period compared to the last year..... Read more »

Posted on : 8/5/2015

Al Masaood to spend Dh200 million in expansion

<p>The Abu Dhabi based automobile distributor to open shows rooms in Al Sila, Al Wagan, Al Ghayati</p> <p>Abu Dhabi: Abu Dhabi-based Al Masaood Automobiles is planning to invest more than Dh200 million as part of its expansions plans in the Emirate to open more showrooms.</p>.... Read more »

Posted on : 8/4/2015