Dubai / Emirates Business Jumeirah Golf Estates, home to the DP World Tour Championship, has awarded the contract for the construction of its affordable luxury community of townhouses and apartments, Alandalus, to Sumer Contracting Company LLC. As one of the Middle East’s leading residential golf communities, Alandalus is Jumeirah Golf Estates’ latest development – a collection of 674 affordable luxury ...

  Dubai / Emirates Business Al Ghurair Centre (AGC) has announced the latest addition to its much-awaited Dining District opening, where world-renowned Dumpling House DinTaiFung will open its first flagship store in Dubai, in addition to Yakitate sidebar and the well-known Iraqi restaurant Bestoon Samad. AGC’s new dining district will offer world class dining restaurants and cafes to its growing ...

  Abu Dhabi / Emirates Business This summer, fun- and adventure-seekers definitely need to have Abu Dhabi on their list. With an action-packed line up filled with events that cater to the whole family, Abu Dhabi Summer Season 2016 is the best way to beat the heat and spread the fun across summer vacation days in the emirate. BECAUSE DINOSAURS ...

  CAIRO / Reuters Orange Egypt has said that Egypt’s telecommunications regulator had asked it to pay 3.54 billion Egyptian pounds ($399 million) for a licence to offer fourth-generation mobile phone services. The regulator had asked it to pay 100 million Egyptian pounds to acquire a fixed-line licence and 1.8 billion pounds to offer international calls, Orange Egypt said in ...

  Bloomberg On Friday morning London time — when the result of a UK referendum will show whether the nation has chosen to leave the European Union — the Bank of Japan and the Swiss National Bank’s Singapore desk could already be selling yen and francs. They and their peers are also primed to pump liquidity into banks fearful of ...

  Bloomberg It’s not quite Brexit. But just two days before the UK goes to the polls, a throng of German academics, politicians and ordinary citizens are pinning their hopes on a different breakaway. Germany’s highest court will deliver judgments today in five separate cases seeking to stop the country from participating in a controversial bond-buying plan that underpinned European ...

  Bloomberg Pent-up demand for dollars may push Nigeria’s naira at least 20 percent weaker when the central bank allows the currency of Africa’s biggest economy to float freely, said analysts including Renaissance Capital Ltd. and the head of Ecobank Transnational Inc. Demand for foreign currency has built up to about US$3 billion since capital controls were imposed 15 months ...

  Bloomberg Denmark’s government and regulator are looking into tougher laws including the option of imposing harsher penalties on banks after repeated breaches by Nordea Bank AB suggested the existing framework is too weak. Business Minister Troels Lund Poulsen met with the head of the Financial Supervisory Authority, Jesper Berg, discuss measures that could be enforced. The talks followed news ...

  Bloomberg As if Brexit wasn’t enough to worry about, India investors now need to cope with central bank Governor Raghuram Rajan’s impending departure. The rupee, Asia’s worst performing currency this year, slumped to its lowest level in four weeks, following Rajan’s weekend announcement that he plans to return to academia when his term ends in September. Volatility in the ...

  Chirag Kulkarni / TNS Social media channels can take all the time you are willing to throw at them and then take the same again. Yes, we need social channels for marketing, but it needs to be on our terms and work for us, not against. Luckily there is a wide range of third-party apps that make Twitter and ...