News

  Emirates Business Saudi Arabia’s thriving auto aftermarket trade, valued at nearly US$2.6 billion in 2015, has attracted the attention of global manufacturers, as they lay down plans to grow their business interests at the Kingdom’s dedicated aftermarket industry trade show. Figures released by Saudi’s General Authority for Statistics provide a graphic sketch of the importance of the Kingdom’s vast ...

  BENGHAZI / Reuters Libya has lifted force majeure at some of its main ports and is resuming exports, the National Oil Corporation said on Thursday. “Exports will resume immediately from Zueitina and Ras Lanuf, and will continue at Brega … exports will resume from Es Sider as soon as possible,” NOC Chairman Mustafa Sanalla said. He said Libya’s U.N.-backed ...

  Emirates Business In 2015, Egypt was one of the fastest-growing economies in the Middle East and North Africa region – second only to Morocco – with GDP growth of 4.5 per cent. It is a clear sign that the project-led recovery plan and economic reforms initiated by Cairo are paying dividends. There has been a sharp step-up in project ...

    DUBAI / Emirates Business Dubai Electricity and Water Authority (DEWA) has recorded an increase in the use of its smart services during Q2 of 2016, with the smart adoption rate having reached 68%, from a total of 2,492,890 smart transactions. This has led to a positive effect on the environment by reducing 8,521 tonnes of carbon dioxide emissions, ...

  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 ...