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DUBAI / Emirates Business Dubai Holding and Emaar Properties have announced the launch of Dubai Square, a new retail metropolis that pushes the boundaries of modern retail and leisure in Dubai Creek Harbour by drawing on next-generation technology. Blurring the boundaries of online and in-mall shopping, integrating indoor and outdoor, and delivering a social experience like none other, the all-new ...

Abu Dhabi / WAM The opening of Warner Bros. World Abu Dhabi reflects positively on the global tourism status of the UAE capital, according to Saif Saeed Ghobash, the Under-Secretary of the Department of Culture and Tourism – Abu Dhabi. “The choice of Yas Island as the home of the world’s first indoor Warner Bros. theme park reflects so positively ...

Dubai / WAM The Government of Dubai Media Office (GDMO), represented by its creative arm, Brand Dubai, signed a Memorandum of Understanding (MoU), with the Roads and Transport Authority (RTA), to undertake beautification projects across the city over the next three years. Under the agreement, the two organisations will establish strategic cooperation to implement public art projects aimed at enhancing ...

Bloomberg The dark storm clouds that have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to generate enough cash to pay dividends and still have plenty left over. The big question ...

Bloomberg Royal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that’s at the heart of environmental and human rights controversies for $2 billion, according to people familiar with the plan. The Anglo-Dutch oil major is discussing selling oil mining licenses 11 and 17 to Heirs Holdings Ltd, a company run by Nigerian tycoon ...

Bloomberg Protectionism is starting to weigh on the euro area’s economy. Growth in the region softened in July on weaker new orders and deteriorating confidence, according to a survey published on Tuesday. More worryingly, companies reported rising prices for raw materials, delivery delays and shortages, suggesting that tariffs — or the threat thereof — are already starting to disrupt global ...

Bloomberg British firms that get foreign direct investment (FDI) are more productive, especially small and medium-sized businesses. Experimental data from the Office for National Statistics showed that small firms that received money from overseas were 147.2 percent more productive on average than their counterparts. Medium firms saw a 197.4 percent boost, the report said. While just 1.1 percent of British ...

Bloomberg Sonos Inc., the wireless speaker pioneer taking on Amazon.com Inc., Google and Apple Inc., plans to raise as much as $264.1 million in its upcoming initial public offering. While the wireless speakers market is booming — Sonos says its customers listen to about 70 hours of content a month — competition has increased since the company introduced its first ...

Bloomberg Google is still raking in marketing dollars from advertisers, propelling the online search giant to another strong quarter in the face of costly regulatory trouble in Europe. The shares jumped as much as 6.1 percent in extended trading, putting them on course for a record. Parent company Alphabet Inc. reported second-quarter sales, minus partner payouts, of $26.24 billion during ...

Bloomberg Italian coffee maker Illycaffe SpA has attracted interest from suitors including JAB Holding Co. and Nestle SA, but the family owners have so far rebuffed approaches, according to people familiar with the matter. JAB, which has built a coffee empire through a series of acquisitions, is interested in acquiring all of the Trieste-based coffee roaster, according to the people, ...