News

ANKARA / EMIRATES BUSINESS Qatari investors will have a unique opportunity to discover Turkey’s diverse real estate landscape and meet with leading local and international developers and market experts at next month’s inaugural Cityscape Turkey exhibition, which will be held from 24-26 March, 2016 at the Istanbul Congress Center. The latest addition to the Cityscape portfolio of global events, the ...

Washington / AP U.S. home prices increased at a steady clip in December, helped by a healthy job market and low mortgage rates. The Standard & Poor’s/Case-Shiller 20-city home price index rose 5.7 percent from a year earlier, same as the annual increase in November. Prices rose 11.4 percent in Portland, Oregon; 10.3 percent in San Francisco and 10.2 percent ...

Atalanta / AP Home Depot reported better-than-expected profit and revenue in the fourth quarter and comparable-store sales jumped as the company continues to ride a sustained recovery in the housing market. The nation’s largest home improvement retailer also boosted its quarterly dividend by 17 percent. Solid job gains and low mortgage rates have fueled a rebound in home sales. Builders ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), has recorded a net profit of AED516 million for fiscal year ended December 2015, representing an impressive 27% increase over 2014. Total revenues for the year reached AED 1.66 billion, a 12% increase YoY. “Empower achieved an annual increase of 6.7% in its cooling capacity, to pass it over 1,115,000 Refrigeration ...

DUBAI / EMIRATES BUSINESS Dubai Courts’ Al Jawhara Women’s Council Women Council’s recently released ‘Annual Report 2015’ shows its last year’s accomplishments made possible through the implementation of its various strategic initiatives. The Council’s main focus included investments in human resources and improvement of women’s competencies to activate their leadership role and increase their participation in social, cultural and sports activities ...

DUBAI / EMIRATES BUSINESS Paladion, a specialized information risk-management provider, announced that it was named Enterprise Partner of the Year 2015 by Kaspersky Lab. Paladion is a robust managed security service provider with over a decade of experience, and a top performing partner for Kaspersky in the region that delivers comprehensive security solutions to its customers. Paladion assists its partners ...

SHARJAH / WAM Sharjah Commerce and Tourism Development Authority (SCTDA), has participated in the OTM Mumbai as part of the UAE delegation under the umbrella of the National Council for Tourism and Antiquities. The exhibition, one of the largest specialised travel and tourism shows in India, attracted a large number of entities from the tourism and travel industry from the ...

Dubai / Emirates BUSINESS His Excellency Humaid Al Qatami, Chairman of the Board and Director-General of the Dubai Health Authority, toured on Tuesday the Nobel Museum Exhibition, which is taking place at the Children’s City venue at Dubai Creek. The exhibition is being held for the second time in Dubai and highlights breakthroughs in medical and health fields by Nobel ...

Abu Dhabi / WAM Etihad Airways has been presented with the Best Finance Transformation Award in 2015 by Innovation Enterprise, a US-based company specialising in enterprise innovation. The award was given to Etihad, which triumphed over other leading companies, for its Outstation Finance Transformation program, developed to centralise the airline’s processing functions to a low-cost operating environment. James Rigney, Etihad ...

DUBAI / WAM The UNICEF, and Al Tamimi & Company, have signed a partnership agreement to support UNICEF’s efforts to advance the welfare of children in the United Arab Emirates. As part of this engagement, Al Tamimi has supported UNICEF’s Gulf Area Office project to build the capacity of social workers in child protection institutions earlier this month. The project, ...