News

  DUBAI / Emirates Business The GCC market for interior contracting and fit outs in 2015 was estimated at US$ 7.06 billion, according to a recent report of the GCC Building, Construction and Interiors Market by Retailspace. Growth in this sector is set to climb by 25.62 percent to US$ 8.87 billion by 2016, from the projects likely to be ...

  Dubai / Emirates Business Emaar Hospitality Group, the hospitality & leisure business of global developer Emaar Properties, on Monday unveiled the first and only beachfront resort property under its flagship Address hotel brand in Dubai – The Address Jumeirah Resort + Spa, The Address Residences Jumeirah Resort + Spa and The Residences Jumeirah Dubai, Managed by The Address. The ...

Dubai / Emirates Business Fidelis Cybersecurity, the leading provider of products and services for detecting and stopping advanced cyberattacks, on Monday announced its participation in GITEX Technology Week 2016 to be held at Dubai World Trade Center, October 16-20. Fidelis Cybersecurity (Hall 1, stand E1-30) will demonstrate the latest updates to Fidelis Networkâ„¢ and Fidelis Endpointâ„¢ and invites members of ...

  Dubai / Emirates Business One of Britain’s most popular lighting design competitions is about to make its Middle East debut in Dubai, offering regional lighting design professionals, students, and manufacturers a platform to showcase their creative talents and network among industry peers. Ready Steady Light, jointly organised by the Society for Light and Lighting (SLL) and the Light Middle ...

  Bloomberg Egypt’s central bank, which unexpectedly left borrowing costs unchanged last week, is keeping its powder dry for what one economist called a “super” rate increase. Five out of 8 economists in a Bloomberg survey had expected the Monetary Policy Committee to raise its key rate on Thursday to curb accelerating inflation and lay the ground for a widely ...

  Bloomberg Saudi Telecom Co. is exploring options for its indirect stake in billionaire T. Ananda Krishnan’s Maxis Bhd., the second-largest Malaysian wireless carrier by market value, people with knowledge of the matter said. The Gulf kingdom’s biggest telecommunications operator is gauging interest in its 25 percent holding in Binariang GSM Sdn., which is the controlling shareholder of Maxis, according ...

  Bloomberg Marriott International Inc., which became the world’s largest hotel operator with its $14 billion purchase of Starwood Hotels & Resorts Worldwide Inc., plans to almost double its workforce in the Middle East and Africa over the next three years. The company expects to add 30,000 more people to its regional workforce of 41,000 as new properties are opened, ...

  ABU DHABI / WAM Mariam Mohammed Al Rumaithi, Chairperson of the Abu Dhabi Businesswomen Council, discussed with Rita Swan, Finnish ambassador to the UAE, ways to strengthen bilateral relations, exchange experiences and best practices of women entrepreneurs to better discharge their functions at labour market. During their meeting, held at the council’s headquarters in Abu Dhabi, Al Rumaithi said ...

  DUBAI / EMIRATES BUSINESS Dubai Exports, the export promotion agency of the Department of Economic Development (DED) in Dubai, and the Dubai Islamic Economy Development Centre in partnership with the Consulate General of the UAE recently hosted more than 180 representatives from diverse industries in a business forum in Sao Paulo as part of the strategy to position Dubai ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry, in collaboration with the Department of Government Relations, hosted the New Zealand-UAE Business Roundtable on Sunday at the chamber’s headquarter. The meeting sought to present investment opportunities in Sharjah to the New Zealand business community, along with boosting trade and strengthening the investment partnership between the Emirate and New Zealand, ...