September, 2016

• 26 September

  Emaar unveils first iconic beachfront project in Dubai

  

    Dubai / Emirates Business Emaar Hospitality Group, the hospitality & leisure business of global developer Emaar Properties, on Monday unveiled the first and only beachfront resort property under its flagship Address hotel brand in Dubai – The Address Jumeirah Resort + Spa, The Address Residences Jumeirah Resort + Spa and The Residences Jumeirah Dubai, Managed by The Address. The ...

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• 26 September

  Fidelis Cybersecurity to take part in GITEX 2016

  Dubai / Emirates Business Fidelis Cybersecurity, the leading provider of products and services for detecting and stopping advanced cyberattacks, on Monday announced its participation in GITEX Technology Week 2016 to be held at Dubai World Trade Center, October 16-20. Fidelis Cybersecurity (Hall 1, stand E1-30) will demonstrate the latest updates to Fidelis Networkâ„¢ and Fidelis Endpointâ„¢ and invites members of ...

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• 26 September

  Ready Steady Light contest to make regional debut at Light Middle East

  

    Dubai / Emirates Business One of Britain’s most popular lighting design competitions is about to make its Middle East debut in Dubai, offering regional lighting design professionals, students, and manufacturers a platform to showcase their creative talents and network among industry peers. Ready Steady Light, jointly organised by the Society for Light and Lighting (SLL) and the Light Middle ...

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• 26 September

  Oil investors abandon hope of supply accord

  

    Bloomberg Oil investors turned bearish at the fastest pace in more than a year as they lost confidence that OPEC will reach a deal with other producers to limit supply at a gathering this week in Algiers. Money managers increased bets on falling prices by half as the Organization of Petroleum Exporting Countries kept pumping at a record rate ...

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• 26 September

  Oil holds near $45 as Saudi offer opens door to future OPEC deal

  

    Bloomberg Oil held near $45 a barrel as Saudi Arabia’s offer to cut output opened the door to a future OPEC deal, even though the kingdom doesn’t expect an agreement this week when members of the group meet. Futures added 0.1 percent in New York after slumping 4 percent on Friday. While Saudi Arabia and Iran didn’t reach an ...

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• 26 September

  ‘Super rate hike’ seen in Egypt as devaluation looms

    Bloomberg Egypt’s central bank, which unexpectedly left borrowing costs unchanged last week, is keeping its powder dry for what one economist called a “super” rate increase. Five out of 8 economists in a Bloomberg survey had expected the Monetary Policy Committee to raise its key rate on Thursday to curb accelerating inflation and lay the ground for a widely ...

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• 26 September

  IFC and Canadian govt finance Jordan’s latest solar farm

    Bloomberg Saudi Telecom Co. is exploring options for its indirect stake in billionaire T. Ananda Krishnan’s Maxis Bhd., the second-largest Malaysian wireless carrier by market value, people with knowledge of the matter said. The Gulf kingdom’s biggest telecommunications operator is gauging interest in its 25 percent holding in Binariang GSM Sdn., which is the controlling shareholder of Maxis, according ...

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• 26 September

  Marriott to nearly double workforce in Mideast, Africa over next three years

  

    Bloomberg Marriott International Inc., which became the world’s largest hotel operator with its $14 billion purchase of Starwood Hotels & Resorts Worldwide Inc., plans to almost double its workforce in the Middle East and Africa over the next three years. The company expects to add 30,000 more people to its regional workforce of 41,000 as new properties are opened, ...

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• 26 September

  Twitter bidders vying for data would inherit the doldrums too

  

    Bloomberg Salesforce.com Inc. and other companies eyeing Twitter Inc. may pay more than $16 billion to get their hands on the social-media company’s valuable data. But they’ll also inherit challenges, including management turmoil, lackluster growth and an unsolved identity crisis. While it remains a destination for conversation among influential people, Twitter would be tough to digest. Chief Executive Officer ...

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• 26 September

  Luxury carmakers’ HERE Map service taps sensors for traffic data

  

    Relaxnews The digital mapmaker acquired by BMW AG, Audi AG and Daimler AG is rolling out a real-time traffic service that warns of road hazards and helps find parking spaces by utilizing the sensors and cameras mounted on board the luxury models of its owners. The service that will debut early next year is the first use of automotive ...

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