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Amazon set to invest $5bn in two HQ2 cities

Bloomberg Amazon announced it has selected New York City and Arlington, Virginia, as the locations for new headquarters, with hiring at both locations beginning in 2019. Amazon will invest $5 billion and create over 50,000 jobs across two new headquarters. It selected Nashville as new operations center of excellence with over 5,000 jobs. The Washington DC metro headquarters in Arlington ...

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Emaar Development revenue soars 54% in first nine months

DUBAI / WAM Emaar Development, owned by Emaar Properties, has recorded a growth in net profit of 19 percent during the first nine mon-ths of 2018, to AED2.498 billion ($680 million), compared to AED2.106 billion ($573 million) during the same period in 2017. Total revenue for the first nine months is AED10.033 billion ($2.732 billion), an increase of 54 percent ...

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Brand Dubai, DIFC partner to boost culture, creativity

DUBAI / WAM Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO) and the Dubai International Financial Centre Authority (DIFC) signed a Memo- randum of Understanding (MoU) to foster growth of art, culture and creativity in Dubai. Under the MoU, Brand Dubai and the DIFC Authority, will collaborate to expand cultural development in Dubai and initiate ...

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