Dubai / Emirates Business Despite a softening in some markets of the GCC construction sector, and slow global oil price recovery, retail industry in the region is expected to see yearly growth between 7 to 12 percent, this on the back of expansions in leisure facilities like theme parks, new malls, as well as mega events like Expo 2020, ...

  Fujairah / Emirates Business Danube Home, the retail wing of UAE-based Danube Group, announced the opening of a newly refurbished store in Fujairah, UAE. The new addition to the diverse Danube Group portfolio is in line with its aggressive expansion plan undertaken to meet the increased demands of customers and to strengthen its foothold in the GCC Market. The ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibition Centre (ADNEC) is set to host the second Pakistan Property Exhibition at the eighth edition of the International Real Estate & Investment Show (IREIS 2016), highlighting key real estate investment opportunities in Pakistan and facilitating the investment of the UAE-based non-resident Pakistanis (NRPs) in the bourgeoning real estate market back ...

  Dubai / WAM Dubai Financial Market (DFM) announced on Monday that the rights issue of “Al Ramz Corporation Investment and Development” is due to be tradable on the exchange between October 25, and November 7. Trading of the rights issue enables existing shareholders of the company who do not wish to subscribe to the new shares, which the company plans ...

  Dubai / Emirates Business Emirates NBD, a leading bank in the region has been ranked the ‘Strongest Bank in the UAE’ by the prestigious Asian Banker’s ‘AB 500 Strongest Banks in 2016.’ The bank, the largest in the UAE, was rated highly for its sound growth record and its giant leaps in the digitisation of banking over the past ...

  Dubai / Emirates Business The eighth edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference, which takes place in Dubai from October 31 to November 2, at the Dubai World Trade Centre, is organising a conference dedicated to the dynamic and rapidly growing tanker sector. Part of the Dubai Maritime Week, Seatrade Tanker Middle East, takes ...

  Aleppo / AFP Migrants lugging meagre belongings boarded buses on Monday taking them away from Calais’ “Jungle” under a French plan to raze the notorious camp and symbol of Europe’s refugee crisis. “Bye bye, Jungle!” a group of migrants shouted as they hauled luggage through the muddy lanes of the shantytown where thousands from Africa and the Middle East had ...

  Ankara / AFP A group of former US diplomats held closed door talks at the weekend with senior Pyongyang officials, even as international efforts gather pace to further isolate North Korea, diplomatically and economically. The two-day meeting in Kuala Lumpur, which was confirmed by the South Korean and US governments, was the latest in a series of unofficial talks commonly ...

  Valletta / AFP A small passenger aircraft crashed on takeoff at Malta’s international airport on Monday, killing all five people onboard, officials said. In a statement, the airport said the aircraft, a Fairchild Metroliner turboprop, was involved in an accident “upon takeoff.” “We can confirm that the five crew on board are deceased,” it said, adding that the airport ...

  Manila / AFP Philippine President Rodrigo Duterte’s fiery rhetoric and deadly crime war are becoming a growing concern around the world, the top US envoy for Asia warned on Monday in Manila. US assistant secretary of state for East Asian and Pacific Affairs Daniel Russel met with the Philippines’ defence and foreign ministers on Monday, after Duterte last week ...