News

  Dubai / Emirates Business Apparel and footwear retailers in Dubai are experiencing a boom in business this summer, as residents and visitors make a beeline for outlets of home-grown, regional and international brands to snap up diverse deals that are being offered during Dubai Summer Surprises (DSS). With Dubai being only second to London as the city with the ...

  Dubai / Emirates Business Bayt.com, the Middle East’s top job site, has recently held a one-day CV evaluation clinic to offer jobseekers in Dubai free consultations on how to write the perfect CV. Professionals who are actively seeking employment in Dubai and the UAE received essential tips on creating a CV that truly stands out—one that is both interesting ...

  Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) has been recognised at the prestigious Global Investor/ISF Awards 2016, held in London, UK, winning the accolade for ‘Emerging Markets Real Estate Manager of the Year’. With a portfolio of more than $4bn in real estate projects, comprising over seven million square feet, ADFG currently manages prominent developments across ...

  Emirates Business Leading UAE based total facilities management company, Farnek, announced that it has acquired multi award-winning specialist hygiene cleaning company Smashing! Cleaning Services. Smashing! which was formed in 2004, is one of the UAE’s leading hygiene cleaning services providers, with an annual turnover in excess of AED 10 million. Its 65 highly skilled technicians manage 2,500 customers, many ...

  ABU DHABI / Emirates Business The demand for tissue products, especially in the away-from-home (AfH) sector, in the Near and Middle East remains robust, a recent study reveals. According to the ‘Outlook for World Tissue Business Forecast’ by RISI, the region will witness a surge in the sector at an average annual rate of 6.5 per cent from 2013 ...

  Emirates Business In line with its steadfast commitment to supporting the realization of the Saudi Vision 2030 — and its related strategic goals — The Boston Consulting Group (BCG) has inaugurated a year-long Business Analyst Program in the Kingdom. The initiative is especially designed to help nurture young Saudi talents and equip the nation’s youth with the tools, knowledge, ...

  AFP Japan’s cabinet on Tuesday approved a mammoth 28-trillion yen ($273 billion) package in its latest attempt to stimulate lacklustre growth, including cash to improve infrastructure and raise the birthrate in the ageing nation. The stimulus plan announced last week is the latest in a series in recent years designed to fire up the world’s number three economy. “We ...

  Bloomberg Uber Technologies Inc. will redeploy 150 engineers from its China operations to other key markets such as Southeast Asia after agreeing to sell its business in the world’s most populous nation, according to people with direct knowledge of the plan. The San Francisco-based employees will develop new features such as mapping as it boosts services for the region ...

  Bloomberg An investigation of practices at Mitsubishi Motors Corp. found a corporate culture where workers couldn’t push back against management demands and infighting between departments contributed to a fuel-economy manipulation scandal that’s led to a rescue from Nissan Motor Co. It was a systemic failure that led to the cheating and blame can’t be pinned on any one department, ...

  Bloomberg Philippine Long Distance Telephone Co. profit fell 33 percent in the second quarter as the nation’s largest phone carrier booked losses for its investment in Germany-based Rocket Internet SE and as earnings from its mobile-phone, data and landline businesses were little changed. Net income was 6.25 billion pesos ($133 million) in the three months ended June, compared with ...