Ritika Sharma / Emirates Business Acknowledging the exponentially growing consumer demand for frozen yogurt in the Middle East, US bestselling Orange Leaf frozen yogurt brand has joined hands with the UAE based Two Spoons. Under the partnership, Orange Lead has opened two outlets in the Emirates and will open 25 outlets across the Middle East. Fans of frozen yogurt flavours ...
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Yas Mall to promote marine conservation
Abu Dhabi / Emirats Business Yas Mall has partnered with Emirates Wildlife Society-WWF (EWS-WWF) to educate visitors about marine conservation, as part of the mall’s efforts to play a role in raising awareness about sustainability and the importance of environmental preservation. On February, 24th, Yas Mall will host a unique event, the Great Green Race, in which visitors can enjoy ...
Read More »Govts to bring labour markets to new digital economy century
Dubai / Emirats Business Governments around the world are urged to harness digitisation and re-imagine labour markets to drive down unemployment, upskill the workforce, and grow their economies, according to a new report by The Economist Corporate Network, the business advisory arm of The Economist Intelligence Unit, launched recently at the World Government Summit. Leaders at the World Government Summit ...
Read More »BMW to connect artists and collectors
Sunaina Rana / Emirates Business BMW Group is all set to expand their support to the contemporary art and culture in the Middle East with the launch of BMW Contemporary, an exclusive enterprise that would aims to strengthen intercultural dialogues and spark curiosity and imagination among the artists and the admirers. The new initiative, BMW Contemporary, will give a chance ...
Read More »Oil bosses upbeat on market rebound
London / AFP Movers and shakers from the oil industry descended on London last week and expressed optimism over a sharp rebound in the beleaguered crude market later this year. Bob Dudley, chief executive of British energy major BP, forecast at the International Petroleum Week industry conference on Wednesday that “the daily (oil) supply and demand” will be balanced in ...
Read More »Crude price US$50-60 pb by mid-2017, says KPI chief
London / WAM The global oil price will hopefully retain its normal average, reaching USD 50 to 60 per barrel by mid-2017, Kuwait Petroleum International (KPI) President, Bakheet Al-Rashidi said on Saturday. In an exclusive statement to KUNA on the sideline of the annual KPI’s international marketing London bureau celebration, Al-Rashidi said that the current status quo of the global ...
Read More »Restructuring managerial hierarchy key to staving off effects of lower oil revenues
DUBAI / Emirates BUsiness Private and public sector organisations in the Middle East have been advised to simplify their hierarchical systems to stave off the effects of lower oil revenues and reduced demand. PA Consulting Group says those who have a clear understanding of the levels of organisational hierarchy needed can identify the most effective spans of management control and ...
Read More »Iran sends first oil shipment to Europe
Bloomberg Iran shipped its first cargo of oil to Europe since international sanctions ended, signaling more supplies will add to the global glut of crude. The Suezmax vessel Distya Akula departed Iran’s loading terminal at Kharg Island in the Persian Gulf and was located Saturday in the Gulf of Oman off the east coast of the United Arab Emirates, according ...
Read More »BP expands scope of $16bn natural gas project in Oman
Bloomberg BP Plc and state-owned Oman Oil Co. agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of $16 billion for the entire project. Block 61 will add 1,000 square kilometers to the original 2,700 square kilometer area of development, BP said Sunday. The ...
Read More »Tilal draws int’l investors to UAE
Sharjah / Emirates Business Tilal Properties, the pioneering Sharjah-based real estate developer, on Sunday revealed that investors from more than 25 countries had so far purchased land plots at Tilal City, the first master-planned community in the emirate. According to the developer, investor’s interest has been driven by the attractive leasehold and freehold investment opportunities in a market traditionally dominated ...
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