RITIKA SHARMA / Emirates Business Not only are cloud-based services making various companies in the Middle East efficient and productive, they are also helping in saving a huge amount of money that was otherwise spent on data connectivity and hardware maintenance. Regional experts claim that a thoughtful use of cloud services by all industries can cut the additional costs by …

Dubai / Emirates Business Despite apartment and villa sale prices dropping steadily for 2 years, a recent survey of propertyfinder’s consumer audience found that just 30% of its UAE residents have bought property here, meaning a sizeable 70% of them are still renting, even though half have resided here for 5 years or more. This is contrary to more developed …

  Bloomberg Discount Investment Corp. is poised for the biggest increase on record after entering into an accord to sell its remaining stake in Adama Agricultural Solutions Ltd., the world’s largest maker of generic agro-chemicals, to China National Chemical Corp. Shares in Discount leaped 23 percent to 10.94 shekels in Tel Aviv in 21 times the 3-month average daily volume. …