ABU DHABI / Emirates Business As many as twelve Dubai hotels won across 24 award categories to dominate the Middle East Hotel Awards 2016 this week. A total of 70 hotels and hotel suppliers from across the region were shortlisted. Other winners came from Abu Dhabi, Ras Al Khaimah, Saudi Arabia, and Bahrain. More than 400 hoteliers from throughout the ...

  RITIKA SHARMA / Emirates Business Driven by a growth in number of medical tourists opting for cosmetic surgery, UAE grabs prominence in the medical tourism industry at a global level. High quality control, luxury centric market and cost effective follow ups, coupled with a world class medical infrastructure, ensure that the country stays atop the list. Global Cosmetic Surgery ...

  ALKESH SHARMA / Emirates Business Organisations in the Middle East should shun ‘ostrich syndrome’ and accept the harsh realities of market to emerge as business leaders in the long-run. Nearly 35 percent of the enterprises, in the Middle East region, suffer irreparable damages as they fail to anticipate the impeding harms well in time. “Crisis will never stop, they ...

  Abu Dhabi / Emirates Business Integrated Capital PJSC (“Integrated Capital”), the capital markets arm of Abu Dhabi Financial Group (“ADFG”), celebrated its strong contribution as a co-lead on the successful completion of the oversubscribed issue of US$ 500,000,000 of Notes by EA Partners II B.V., the funding vehicle for Etihad Airways Partners (“Etihad”). The Notes, listed on the Global ...

  Dubai / Emirates Business As businesses today face tectonic shifts within the global economy, success is increasingly defined by the ability to optimize the information surrounding people, organizations and devices. Today at Citrix Synergy, Citrix and Microsoft unveiled an expansion of their strategic partnership to meet the needs of the modern workforce with application and desktop virtualization in the ...

  Bloomberg Borrowers and investors across the Middle East are adjusting to a new landscape following the region’s biggest-ever bond sale. Qatar sold $9 billion of Eurobonds in three maturities on Wednesday, almost double the amount expected by analysts. The issue helped push 2016 bond sales from the Middle East and North Africa, which includes Saudi Arabia and the United ...

  Tokyo / AFP Japan passed a law regulating virtual currency, after the country found itself at the epicentre of a multi-million dollar embezzlement scandal following the spectacular collapse of the Tokyo-based MtGox Bitcoin exchange. Once one of the largest, most established exchanges for the cryptocurrency, MtGox collapsed in 2014 after a suspected theft worth nearly half a billion dollars, which ...

  Beijing / AP China accused the United States on Thursday of hampering trade after Washington imposed duties of up to 450 percent on Chinese steel in its latest response to a flood of low-priced imports. The Ministry of Commerce complained US regulators discriminated against Chinese suppliers by using incorrect standards for deciding what production cost and market prices should ...

  Sydney / AFP A multi-billion-dollar deal to break up Australian logistics giant Asciano between local and international suitors hit a hurdle on Thursday after a key corporate regulator raised concerns about reduced competition at ports. The Aus$9.05 billion (US$6.5 billion) takeover, announced in March, would see the rail, freight and ports operator’s assets split between a consortium led by ...

  Hong Kong / AP Chinese technology giant Lenovo said on Thursday it posted a net loss last year, as its smartphones struggle to keep apace with Apple and Android rivals and as the market for personal computers fizzles. The Beijing-based company, which has traditionally manufactured computers but has been trying to broaden its smartphone business after scooping up Motorola ...