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Crucial Christmas in store for three besieged UK retailers

Bloomberg After a year to forget for British retailers, investors are betting some of the UK’s major chains now face a make-or-break holiday shopping season. Among those with the most at stake are department-store operators Debenhams Plc and House of Fraser Ltd., as well as fashion retailer New Look Retail Group Ltd., owned by embattled billionaire Christo Wiese. Despite Black ...

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UAE hotel investments to hit $8.4bn in 2018

DUBAI / Emirates Business The Arabian Hotel Investment Conference 2018 (AHIC) is forecasting significant opportunities for hotel investors targeting the Middle East in light of new data from MEED Projects, which predicts that more than $14bn worth of hotel construction contracts will be awarded in 2018. According to MEED Projects, the online projects tracking service, the value of new hotel ...

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Sharjah approves AED22.1 billion budget for 2018

SHARJAH / WAM HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Law No. 10 2017 approving a general budget of AED22.1 billion for the fiscal year 2018. The total amount is a 6 percent increase from the emirate’s 2017 budget and focusses on several strategic objectives and indicators within the economic, ...

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