News

  Emirates Business Emirates NBD, a leading bank in the region, has announced the winners of its mega salary transfer promotion. British citizen, Sarina S. who opened a salary transfer account with Emirates NBD within three months of arriving in Dubai, was declared the winner of the grand prize of a 12 month salary bonus. Sarina was delighted with the …

  Sharjah / Emirates Business Dhofar Global, a leading supplier of hygiene care products in the Middle East, has announced its participation at the 2016 edition of Hotel Show, the largest hospitality event in the Middle East and Africa, which will be held from September 17 to 19, 2016 at the Dubai World Trade Center. Located at Stand No. – …

  ABU DHABI / Emirates Business Football fans across the region are gearing up for the start of what looks set to be an explosive season of football as the Arabian Gulf League (AGL) starts on Friday, September 16. All matches can be watched on Abu Dhabi Sports and Dubai Sports channels, exclusively on OSN the region’s leading pay-TV network. …

  Sharjah / Emirates Business More than 300 new hotels housing almost 85,000 guest rooms are set to open across the Middle East and Africa next year, latest industry figures have revealed. The Middle East and Africa Hotel Construction Overview report by TOPHOTELPROJECTS – released in the days leading up to the 17th annual The Hotel Show Dubai (17-19 September …

  DUBAI / Emirates Business For the seventh year in a row, National Bonds Corporation (National Bonds), the leading sharia-compliant savings and investment company in the UAE, is distributing ‘Eidiyah’ to more than 500 lucky minor bondholders. Eidiyah is an annual initiative that rewards minor bondholders via special electronic draws for AED50 and a grand draw for AED50,000 – held …

  Emirates Business Underscoring Majid Al Futtaim’s leadership in the retail sector, the Luxury Wing has undergone a complete revamp as part of the mall’s Evolution 2015 AED1 billion multi-stage redevelopment journey, contemporising the avenue to offer a premium location for international luxury brands. Most recently, Mall of the Emirates has welcomed MCM, Boucheron, Brunello Cucinelli, Etro, Marc Jacobs, Roger …

  Bloomberg More than 6,000 workers cycle through the world’s biggest nuclear plant every day to operate and maintain a facility that hasn’t sold a kilowatt of electricity in more than four years. The buzz at Tokyo Electric Power Co. Holdings Inc.’s Kashiwazaki-Kariwa plant plays out daily across Japan, where utilities employ thousands of workers and spend billions of dollars …

  Bloomberg Have you been mixing up your Chinese debt with your Chinese leverage? If so, economists at Nomura Holdings Inc. want you to stop that right now. In a note published this week, they argue that the conventional wisdom that “debt” and “leverage” are basically the same doesn’t really work for the world’s second-largest economy. In fact, the two …

  Bloomberg A Singapore-based shipping trust that operates container ships is asking creditors for leniency on about $253 million of debt, in the latest sign of debt woes in the industry and in the city-state. Rickmers Maritime won’t be able to repay $179.7 million of senior debt due in March 2017 and the interest and principal on S$100 million ($73.3 …

  Bloomberg Australia’s unemployment rate fell to the lowest in almost three years in August as fewer people sought work, while the economy unexpectedly shed jobs. Employment dropped 3,900 from July; economists forecast 15,000 gain Jobless rate declined to 5.6% from 5.7%; economists forecast 5.7% Full-time jobs rose by 11,500; part-time employment fell by 15,400 Participation rate, a measure of …