ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.04% to close at 4450.90 points. Accordingly the Market Capitalization has lost AED 7.62 billion attaining AED 724.19 billion. A total of 0.57 Billion Shares were traded with a total value of AED 0.6 billion during the trading session of 10-05-2016 through 6543 transactions. The number of companies ...

  Reuters Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, has marked its ambitious expansion to Saudi Arabia with the unveiling of its first hotel and serviced residence property in Jeddah Gate. The 14 storey Vida Jeddah Gate hotel tower and the 25 storey Vida Residences Jeddah Gate tower are centrally located in Jeddah Gate, ...

  Bloomberg Anna Pesch had long assumed she’d be a renter for years to come, but this month she’s buying a three-bedroom house near the German city of Cologne. She’s got Mario Draghi to thank for that. “We didn’t want our money to keep going into rent,” said Pesch, a 32-year-old speech therapist who started looking for a home two ...

  Bloomberg Brazil’s Itau Unibanco Holding SA plans to move out of its New York City office on the 50th floor of the General Motors Building, which features views of Central Park and some of the highest rents in Midtown, a person familiar with the matter said. The firm, Latin America’s biggest bank by market value, is searching for a ...

  Bloomberg It’s not an accident that Manhattan’s newest senior living facility will rise just blocks away from the gilded co-ops of Park Avenue. Their residents might live in the building someday. Welltower Inc., the biggest U.S. senior-housing owner by market value, is seeking to push into New York, where there’s a dearth of options available for the elderly and ...

  Ritika Sharma / Emirates Business E-trolleys, inventive biometrics, smart baggage movement and cloud based e-bookings — the future of airports seems really exciting. With more and more technology-inspired solutions and services being rolled out every day, experts believe the industry is moving towards a huge transformation. Passenger comfort and luxury are set to define the aviation industry as technologies ...

  Sunaina Rana / Emirates Business A $1 million unique metal-painted car stole the limelight at the 14 Edition of Automechanika Dubai 2016. The Nissan R35 GT-R sports vehicle named ‘Godzilla’ — showcased by ace tuners — was specially designed for Middle East consumers, with Islamic artwork of vine and leaves engraved on its bodywork. Michael Dehn, Group Exhibitions Director, ...

  Sunaina Rana / Emirates Business A new exciting range of series of Nissan Patrol Nismo, with a blend of motorsports and concentrated power in the spirit of SUV, is all set to rule the UAE roads. Arabian Automobiles — the exclusive dealer for Nissan in Dubai and the Northern Emirates — has recently announced that the much-anticipated vehicle would ...

  Dubai / Emirates Business The region’s luxury sector is continuing to demonstrate resilience in spite of economic challenges, driven by investor recognition of many opportunities the current market landscape presents, UAE industry experts said. Record-low oil prices have had a ripple effect on global economies, however with growing private wealth in the GCC – reaching a cumulative USD 2.2 ...

  RITIKA SHARMA / Emirates Business There is a dire need of educating and motivating people to make sure they keep their safety as prime concern while driving, UAE experts emphasise. On the same lines, various technology and automobile companies in UAE are trying out innovative ideas like discounts on their rides for encouraging people to abide by the traffic ...