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  Alkesh Sharma / Emirates Business Fuelled by a booming construction sector, the GCC region’s interior and fit-out contracting industry is expected to grow by nearly 20 percent and the market expected to cross the whopping mark of $12.5 billion by the end of 2017. UAE is clearly spearheading this market in the region and is expected to add more ...

  Dubai / Emirates Business Mergermarket, the world’s leading news and intelligence service for mergers & acquisitions, has released its Global M&A Heat Chart that indicates potential future M&A activity based on companies that may be targeted for mergers or acquisitions. The Heat Chart suggests that the Middle East’s Telecoms, Media & Technology (TMT) sector could see the strongest levels ...

  Abu Dhabi / WAM ADNOC Distribution and Abu Dhabi Ports have signed a Musataha Agreement (the legal right to build on and retain the building on another person’s land for a fixed term of years), which is aimed to strengthen ADNOC Distribution’s capacity to develop new projects at Khalifa Industrial Zone, Kizad, and provide logistical support to its existing developments. ...

  JEDDAH / WAM Custodian of the Two Holy Mosques King Salman bin Abdul-Aziz Al Saud of Saudi Arabia and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, discussed ways to strengthen fraternal ties between the two countries, and the overall regional and international issues of common ...

  Vienna / AFP Major powers, including the United States, met in the Austrian capital on Monday to discuss the expanding presence of the IS extremist group in conflict-ridden Libya, just across the Mediterranean from Europe. IS has taken advantage of the chaos left by the toppling and death of longtime dictator Moamer Kadhafi in 2011, which led to rival ...

  WASHINGTON / AP President Barack Obama cast Donald Trump’s positions on immigration, trade and Muslims as part of an ignorance-and-isolation philosophy that the president says will lead the US down the path of decline. Obama used his commencement speech Sunday at Rutgers University to tear into the presumptive Republican nominee, without ever mentioning his name. Time and again the ...

  Our Correspondent / Emirates Business One of the most strategically positioned housing communities located on the picturesque outskirts of Abu Dhabi, Hidd Al Saadiyat has announced commencement of the construction of its private marina. This community boasts of around 1.5 million square meters of natural beachfront land and 7-kilometer of waterfront and the marina construction project, which is awarded ...

  ALKESH SHARMA / Emirates Business Strongly backed by prosperous economy and sturdy rise in the per capita income of the residents, the food services industry in the GCC region promises to grow significantly in the coming years. According to Al Masah Capital Ltd, region’s leading investment firm, GCC food services market stayed at US$18.8 billion in 2014 and it ...

  Dubai / Emirates Business dubizzle — the UAE’s leading property classifieds platform — reveals its first ever property report for the UAE’s Northern Emirates, comparing Q1 2016 data to Q1 2015. dubizzle.com has over over 5 million unique visitors a month, with an average of two visits per week, per visitor and an average duration of 16.5 minutes per ...

  Seoul / AFP South Korea said on Monday it will fine Nissan for manipulating emissions data on a popular diesel sports utility vehicle, bringing the Japanese car giant into a widening global scandal that has already ensnared Volkswagen and Mitsubishi. Seoul said it would order recalls of hundreds of Qashqai model SUVs after tests revealed an emission defeat system ...