Dubai / WAM Siemens AG announced that it is to set up its global headquarters for airports, cargo and ports logistics in Dubai. The company will use the site of Expo 2020 Dubai as the future location for this business after the next World Expo ends in April 2021. The German company’s decision to locate some of its key businesses …

  Abu Dhabi / WAM The ZonesCorp announced that it has signed 4 new deals with companies to build facilities in Al Ain Industrial City, AAIC. The new projects represent a combined investment of approximately AED51 million and cover a total area of nearly 60,000sqm. After finalising deals with ZonesCorp at the end of 2016 and Q1 2017, construction of the …

  Dubai / WAM The Low-income Families Committee of Dar Al Ber Society helped 120 eligible local government employees in the emirate of Umm Al Qaiwain to perform Umrah at its expense. The religious trip, organised in collaboration with the UAQ Council for Youth and Cooperation and 13 other government entities, is one of the12 trips sponsored by Dar Al Ber …

  It may turn out that the widespread belief that most Americans’ incomes have stagnated for years is, well, false or at least overstated. Say what? No doubt, many Americans feel that, except for the rich and segments of the upper middle class, they’ve been treading water economically for years. To take a prominent piece of evidence: In 2015, the …

  On Monday — Day 1 of the fiasco over United Airlines’s forcible removal of a passenger from an overbooked flight — the stock of United Continental Holdings Inc. actually rallied. Perhaps Americans were outraged by how the passenger was treated, but airlines operate in a consolidated industry where consumers don’t have much choice. Investors seemed to shrug and assume …

  Paying women less than men is not only unfair but counterproductive. Women and men alike prefer to work for — and work harder for — companies that pay equally. Yet women who hold down the same jobs as men, with the same qualifications, still generally earn less. So it makes sense to continue to try to close the gap. …

  North Korea has reacted fiercely to the US move to send a Navy strike carrier USS Carl Vinson and its battle group to waters off Korean peninsula. The new development has further worsened the already volatile situation on the divided peninsula with the United States and South Korea conducting their biggest-ever military exercises. North Korea sees this annual wargames …

  Dubai / Emirates Business Hotels developed in and around the region’s shopping malls can expect to post an Average Daily Rate (ADR) 25% higher than hotels that are not co-located with a major retail development. The findings are published in a report by Colliers International, released ahead of Arabian Travel Market 2017, which takes place April, 24-27 at Dubai …

  Dubai / Emirates Business DAMAC Properties, a leading luxury real estate developer in the region, on Wednesday showcased the new Kenda Villas, a range of extraordinary stone villas in one of Dubai’s most prestigious golf communities. Set in their own private enclave of the international golf community, AKOYA Oxygen, Kenda Villas are available in various sizes and arrangements to …

  Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) is launching Etihad REIT, a Shariah-compliant real estate investment trust (REIT). The REIT comprises a seed portfolio of 10 income producing assets situated in the UAE. Etihad REIT expects to raise further capital through an initial public offering (IPO) on a stock exchange in the UAE at an appropriate …