July, 2016

• 16 July

  DSM re-opens with 2016 collections

  

    AFP London fashion hotspot Dover Street Market (DSM) has reopened following its seasonal changeover with a host of new spaces and collections. Alongside the new Autumn/Winter 2016 collections, the boutique space now features a punky event space installation by Comme des Garçons that houses some of the label’s most outlandish designs. Additional new spaces include a Daniela Gregis area ...

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• 16 July

  Tracing Trends: Picks from Haute Couture

  

  RELAXNEWS With the bi-annual fashion frenzy that is Haute Couture Week over for another six months, we can reflect on the trends that the Fall 2016 shows brought to the catwalks of Paris. Slashed necklines Couture is by nature a glamorous and attention-seeking affair and wallflowers certainly need not apply for the Fall 2016 season. Across the board necklines were ...

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• 16 July

  Wearables market on the upswing in UAE

  

    ALKESH SHARMA / Emirates Business An all-new generation of tech-savvy individuals, who believe in making the most out of technology marvels, is apparently giving a boost to the wearables market in the UAE. Driven by an increased adoption of smart watches, techie wristbands and competitive prices, the country’s wearables industry is certainly enjoying one of the most money-spinning phases ...

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• 16 July

  Corporates focus on company culture, digital presence

  

    RITIKA SHARMA / Emirates Business Boasting of exemplary corporate structure and productivity, companies in the UAE are now pulling up their socks to stay at pace with the international standards in employment, by focusing on elements like company culture and digital presence. According to a recent survey, transparent company culture and effective online presence have become a top priority ...

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• 16 July

  DLD arm signs MoU with Central Bank

    DUBAI / Emirates Business The Rental Disputes Center (RDC) — the judicial arm of the Dubai Land Department (DLD) — has signed a Memorandum of Understanding (MoU) with the Central Bank of the United Arab Emirates, in order to facilitate prompt information exchanges between the RDC and banks operating in the UAE for Rental Disputes. Furthermore, an electronic framework ...

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• 16 July

  UD Trucks unveils a new truck range for the Middle East

  

    Emirates Business Japanese heavy trucks manufacturer, UD Trucks has unveiled a range of trucks specifically built with Middle East customers in mind, with significant launch events taking place in Saudi Arabia, Qatar and Oman. The all-new Quester is a modern and robust heavy-duty truck platform designed to serve a wide range of applications including construction, distribution and long-haul transportation. ...

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• 16 July

  Bahrain targets BD1bn a year from tourism by 2020

  

    Manama / TNS Bahrain is aiming to earn BD1 billion per year from tourism by 2020, it was revealed. The estimated revenue for last year was BD600 million, which means almost doubling the income in the next four years. Economic Development Board (EDB) tourism and leisure investment executive director Jerad Bachar said it would be difficult, but achievable. He was ...

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• 16 July

  Saudi Binladin Group makes delayed payment on 1bn Riyal sukuk

  

    Riyadh / Reuters Contracting giant Saudi Binladin Group (SBG) has repaid a 1 billion riyal ($266.7 million) Islamic bond that matured in late June, a sign of modestly easing pressure on the embattled firm, banking sources said. The payment came after a delay of several weeks and used money from a 2.5 billion riyal loan the company secured from ...

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• 16 July

  Tehran yet to decide on N-fusion project

  

    Paris / Reuters Iran is assessing whether to apply for associate membership of the ITER multi-national nuclear fusion project, its director said, just a year after Tehran struck a deal with six world powers to curb its own atomic programme. The International Thermonuclear Experimental Reactor (ITER) project, which was launched 10 years ago by Europe, United States, China, India, ...

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• 16 July

  Saudi consortium closes Rabigh 1 refinancing

  

    Riyadh / Reuters A consortium of electricity companies led by Saudi Arabia’s ACWA Power has completed refinancing of more than $1.825 billion in debt for its Rabigh 1 power project, ACWA Power said. The consortium, which includes state-run Saudi Electricity Company (SEC) and Korea Electric Power Corporation (KEPCO), runs the 1240 MW fuel oil-fired plant on the western coast ...

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