Blog List Layout

  Dubai / Emirates Business DAMAC Properties on Monday announced the new release of units in DAMAC Maison Privé, waterfront hotel apartments in the Burj area with direct views of Business Bay’s marina. The leading luxury real estate developer is providing the opportunity for investors to own a luxury hotel apartment with superior services, presenting both an ideal vacation home ...

  Abu Dhabi / Emirates Business Abu Dhabi e-Government, through the participation of 21 government entities, is preparing to showcase its array of digital achievements and innovations at the GITEX Technology Week 2016 that will be held at the Dubai World Trade Centre (DWTC), from October 16-20. Abu Dhabi e-Government’s fifth consecutive participation at GITEX is organised by Abu Dhabi ...

  Sharjah / WAM Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and Apleona (formerly Bilfinger Facility Management and Building Services), today signed a joint venture agreement for a new world class facilities management company. The joint venture, facilitated by Waleed Al Sayegh, CEO of SAM, and Dr. Gert Riegel, COO of Apleona Facility Management, Frankfurt, is ...

  Bloomberg UK government proposals to make companies list their foreign workers would harm the economy because they are “anti-business and dangerously naive,” more than 100 leaders of small and medium-sized businesses said in a letter to the Daily Telegraph newspaper. “The ability to hire both British and non-British people has historically helped business grow by bringing in varied skills ...

  Stockholm / AFP British-American economist Oliver Hart and Bengt Holmstrom of Finland on Monday won the Nobel Economics Prize for their work on contract theory, the jury said. “This year’s laureates have developed contract theory, a comprehensive framework for analysing many diverse issues in contractual design, like performance-based pay for top executives, deductibles and co-pays in insurance, and the ...

  Istanbul / AFP President Vladimir Putin on Monday said non-OPEC member Russia was ready to work with the cartel in imposing measures to limit oil production, in comments that propelled the price of crude to its highest levels in a year. Eyes have turned to Russia, the world’s top oil producer alongside Saudi Arabia, to see if it will ...

  DUBAI / Emirates Business The Department of Economic Development (DED) in Dubai unveiled on Monday the ‘Global Islamic Business Excellence Centre’ (GIBEC), which aims to expand Islamic economic activities beyond Islamic finance and contribute to the development of an Islamic business ecosystem in line with the emirate’s Islamic economy capital initiative. The Centre will also institute the ‘Global Islamic ...

  Beijing / AFP Chinese internet billionaire Jack Ma has bought a stake in cinema legend Steven Spielberg’s company, they said, the latest tie-up between China and Hollywood as they seek to make movies for audiences in the Middle Kingdom and beyond. Alibaba Pictures, a unit of Ma’s sprawling e-commerce conglomerate, has taken a minority shareholding in Spielberg’s Amblin Partners, ...

  Bloomberg Foreign ownership of Malaysian government bonds dropped in September for the first time in 12 months, with the outflows likely to have been triggered largely by debt maturities. Overseas holdings decreased 0.4 percent to 213 billion ringgit ($51.4 billion), after climbing to a record in August, according to central bank data released in Kuala Lumpur on Monday. Sovereign ...

Vilnius / AFP Lithuanians fed up with economic inequality voted for change in round one of a general election, with Monday’s results showing the opposition set to oust the governing leftists in an October 23 run-off. The national elections commission said near full results showed the centrist Lithuanian Peasants and Green Union party (LPGU) winning 21.62 percent of the vote, ...