Dh734m hospital with 250 beds to open in Khalifa City by year's end

<p>Residents of Khalifa City are eagerly awaiting the opening of a 250-bed hospital that will create 800 jobs by the end of the year. </p> <p>The US$200 million (Dh734.6m) NMC Royal Hospital will specialise in 25 fields and will be a first for the area, on the outskirts of the capital. </p>.... Read more »

Posted on : 8/14/2015

$50 million Lebanon Medical City to open in Akkar

<p>Construction works on the Lebanon Medical City have been launched by Bodom Group in Akkar, which will be completed in two years.</p> <p>Abdel Rahim El Bodom, Chairman, said: “We were intending to open a mall, but after conducting a market study, we found it more feasible to change the plan and build a hospital instead.”</p>.... Read more »

Posted on : 8/14/2015

Shift Car Rental invests Dh400m to accelerate growth until 2020

<p>Dubai: Shift Car Rental, a part of AW Rostamani Group, has announced major expansion plans for the next five years.</p>.... Read more »

Posted on : 8/12/2015

BUILDTECH 2015 aims to be the sourcing hub for building materials, construction tech. etc.

<p>Kuala Lumpur, Malaysia - BUILDTECH (Malaysia International Building Materials and Construction Technology Exhibition) will be launched for the fourth time in Malaysia. The exhibition is scheduled to take place at the Putra World Trade Centre from 7 to 10 October 2015.</p>.... Read more »

Posted on : 8/11/2015

China devaluation: cheaper imports to flood UAE markets

Dubai: Chinese exports to the UAE like textile products, clothes, industrial products, along with metal-based products, may become cheaper after UAE’s second-biggest trading partner devalued its currency by the most in two decades..... Read more »

Posted on : 8/11/2015

Dubai property sales top $35bn in H1, defy forecast

The volume of real estate sales in Dubai, UAE exceeded Dh129 billion ($35.12 billion) during the first six months (H1) of this year, compared to Dh57.6 billion ($15.68 billion) during H1 2014, said an industry expert..... Read more »

Posted on : 8/11/2015

UAE's Best Brand: Who beats WhatsApp, Samsung, Apple?

Emirates airline has outshined over 400 local and international brands, including technology titans Samsung and Apple, and internet goliaths WhatsApp, Google, Facebook and YouTube in the UAE brand ranking for the first-half of 2015..... Read more »

Posted on : 8/11/2015

KBA ups factory output after jump in sheetfed orders

<p>KBA is optimistic about its prospects for the full year, although it has a way to go to hit its $1.128bn annual sales target. The German press manufacturer posted a 33.2% rise in order intake in the six months to 30 June, to $689.6m. Order backlog was also significantly higher, up 43% to $678.7m.</p>.... Read more »

Posted on : 8/11/2015

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