Dubai / Emirates Business Four winners of the Middle East Cleaning Technology (MECTW) ‘Excellence Awards’ for housekeeping category will be taking a trip to Karcher’s manufacturing factory in Germany. This was announced on the sidelines of Excellence Awards ceremony that identified the ‘achievers’ in the housekeeping, facility management and laundry sector. This year’s awards witnessed an overwhelming participation with ...

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai signed a Memorandum of Understanding with MCI Middle East, a global consulting company, to work together on developing strategies for more dynamic relations with the private sector and supporting the Business Community Engagement initiative, launched by DED earlier this year. The agreement is part of the efforts ...

  Dubai/ Emirates Business The new phase of the award-winning Jumeirah Golf Estates Clubhouse is now open for business, marking the introduction of a brand new F&B concept and 300-capacity events space to Dubai. Located at the heart of Jumeirah Golf Estates, the 12,150m2 Clubhouse has been expanded to include its fourth F&B outlet and first-of-its-kind banquet space in the ...

  Dubai / Emirates Business dubizzle, the UAE’s leading property platform, released its first property report in collaboration with JLL, the world’s leading real estate investment and advisory firm. The report, launched at the second edition of The Exclusive Agency Club (TEAC) event, provides insights and trends in the Dubai residential market, predicting a gradual upturn in residential properties in ...

  Dubai / Emirates Business The latest Dubai Property Review Q3 2016 report by leading real estate consultancy Asteco has revealed increasing pressure is being placed on landlords as budget conscious tenants continue to place emphasis on downgrading to smaller units or relocating to cheaper communities to get better value for money. Apartments in Jumeirah Village Circle and Dubai Sports ...

  Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) and GFH Financial Group (GFH) on Sunday announced the appointment of Talal Al Zain as Chief Executive Officer of the newly established ADCorp, the first Islamic financial institution at the Abu Dhabi Global Market (ADGM). ADCorp is incorporated and subject to final regulatory approval, will be regulated by the ...

  Abu Dhabi / Emirates Business The Ministry of Finance (MoF), in collaboration with the International Monetary Fund (IMF), recently held a workshop on IMF Fiscal Monitor report which is published twice a year, on its premises in Dubai. The report analyses the latest public finance developments on an international level, the impact of the recession on several countries, in ...

  Dubai / WAM The Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), will launch a new retail initiative, the National Day Sale, on the joyous occasion of the country’s 45th National Day. The National Day Sale, from December 1-3, will feature participating malls and retail outlets offering shoppers mega discounts ...

  DUBAI / Reuters Shares of three of Abu Dhabi’s top lenders pulled back on Sunday after the banks denied they were in merger talks, while Saudi shares were hit by profit taking. Egypt’s stock market gained as foreign funds continued to accumulate blue chips. Abu Dhabi’s index dropped 1.7 percent as Union National Bank retreated 5.2 percent and Abu ...

  Bloomberg The global stock market’s biggest comeback story of 2016 isn’t over yet. So say Citigroup Inc., AllianceBernstein and Bordier & Cie, who all see further gains for Japanese shares after the Nikkei 225 Stock Average climbed more than 20 percent from this year’s low. The $5 trillion market has outperformed all its developed-nation peers since late June, buoyed ...