Dubai / Emirates Business Arabian Falcon Holidays (AFH), the largest independent timeshare player in the Middle East, has recently hosted a delegation from the African travel industry at The Bonnington Jumeirah Lakes Towers as part of the mega familiarisation trip organised by Dubai’s Department of Tourism and Commerce Marketing (DTCM). AFH extended a site visit of the accommodation options …

  Dubai / Emirates Business Abu Dhabi Airports has announced that it has completed the final de-propping of the last arch in the roof of the new Midfield Terminal Building (MTB), meaning that the structure is now completely self-supporting. The de-propping took three days and 90 jacking points were used around the building for support while the process was underway. …

  Dubai / Emirates Business Dubai and Abu Dhabi have been ranked the most expensive cities to live in across the Middle East, according to Mercer’s 2016 Cost of Living Survey. The global rankings see Dubai as the 21st most expensive city in the world, a rise of two places in comparison to last year, with Abu Dhabi, 25th in …

  Dubai / Emirates Business Following a string of recent awards for its funding activities and treasury practice, Etihad Airways swept top honours at the Treasury Today Adam Smith Awards in London. Etihad Airways’ treasury team collected the highest honour, winning the Top Treasury Team Award for overall excellence. The team also picked up the awards for Best Financing Solution …

  BLOOMBERG Global equities advanced and the pound strengthened toward a five-month high a day before Britons vote on membership in the European Union. Italian and Spanish government bonds rose. The MSCI All-Country World Index gained for a fourth day as bookmakers’ odds implied there’s only about a one-in-four chance that Britons will opt to leave the EU in Thursday’s …

  Bloomberg The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible. In this global effort, one of the world’s most expensive oil regions intends to lead the way. Last month companies operating in the North Sea started pooling spare parts and tools, and they are even sharing plans on how to drill wells …

  Bloomberg Elon Musk called the proposed marriage of Tesla Motors Inc. and SolarCity Corp. a “no brainer,” saying his $2.86 billion plan to combine the companies would benefit both. Tesla investors didn’t seem so sure. While SolarCity shares rose 16 percent Wednesday in trading before U.S. exchanges opened, Tesla fell 10 percent. Oppenheimer & Co. analysts including Colin Rusch …

  Our Correspondent EMIRATES BUSINESS The Al Habtoor Group has grown with the United Arab Emirates. What started out as a small engineering firm in 1970, is today one of the region’s most respected conglomerates with interests in the hospitality, automotive, real estate, education and publishing sectors. The Al Habtoor Group has earned itself a solid reputation both locally and …

  Our Correspondent EMIRATES BUSINESS Natuzzi Italia, one the world’s most internationally acclaimed luxury furniture, presents its new collection of sofas and armchairs, perfect for welcoming guests during the observance of Ramadan where family and friends gather for the Holy Month. The new collection of sofas and armchairs were featured in the recently concluded Salone del Mobile, the largest international …

  Beijing / Bloomberg Tencent Holdings Ltd. will lead an $8.6 billion acquisition of gamemaker Supercell Oy, getting its hands on some of the industry’s most popular mobile titles through potentially its largest-ever overseas deal. China’s largest internet company is leading a group that will buy 84 percent of Supercell, including shares held by SoftBank Group Corp. and current and …