July, 2016

• 11 July

  Mashreq, The Ritz-Carlton offer summer treat

  DUBAI / Emirates Business Mashreq, the UAE’s leading financial institution, together with The Ritz-Carlton, Dubai announced the Offer of the Season, to make this summer truly memorable for Mashreq credit and debit cardholders. From complimentary dining, to a world-class spa or a luxury stay at beach-facing spacious suites for two whole nights, Mashreq has allied exclusively with The Ritz-Carlton, Dubai ...

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• 11 July

  Dubai the most favourite staycation destination

  

    Emirates Business As the staycation season kicks in, Dubai is the favourite leisure destination in the UAE according to a new online survey of over 1,000 UAE residents commissioned by Emaar Hospitality Group and conducted by YouGov. The word ‘staycation’ refers to a vacation taken in the country of residence. In the UAE, staycations are gaining ground as the ...

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• 11 July

  DAFZA looks at stronger economic ties with China

  

    DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) recently received a high-profile Chinese delegation headed by Zhang Qingwei, Governor of Hebei Province, to explore new investment prospects to deepen economic cooperation between the UAE and China. The meeting focused on DAFZA’s leading experience in transforming into one of the world’s most advanced free zones, amid wide commendation ...

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• 11 July

  Meta Byte, Jedox to offer biz intelligence in ME

  

    DUBAI / Emirates Business Meta Byte Technologies, the next generation technology solution provider, today announced that it has joined hands with Jedox AG, a leading vendor of Enterprise Planning and Business Intelligence software that has recently made its debut in the Gartner “Magic Quadrant for Strategic Corporate Performance Management Solutions.” The Magic Quadrant for Strategic Corporate Performance Management Solutions ...

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• 11 July

  ‘Cricket for a Cause’ collects AED 44K

    Emirates Business ‘Cricket for a Cause’, the philanthropic brainchild of 17 year old student Ashar Yahya, surpassed its initial goal of raising AED40,000 for Dubai Cares to raise an exceptional AED43,700 for the charity. This year’s event also saw a rise in participation, with 16 stellar teams taking to the field for a good cause. After many nights of ...

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• 11 July

  Gulf Craft delivers Majesty 135

  

    DUBAI / Emirates Business Gulf Craft has announced that it has delivered another one of the shipyard’s timeless masterpieces, the 41-meter Majesty 135 (M/Y Nashwan). Treasured for its ability to deliver truly royal cruising experiences, the award-winning Majesty 135 continues to be one of the most beloved creations in Gulf Craft’s large portfolio of luxury motor yachts from its ...

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• 11 July

  Crescent Enterprises partners with SLC to churn out talents

  

    Sharjah / Emirates Business As part of its commitment to supporting the growth of female entrepreneurs and fostering young talent in the region, Crescent Enterprises has entered into a partnership with the Sharjah Ladies Club (SLC), contributing to its Collage Talent Center and Ebriez Exhibition. Crescent Enterprises will support the club to reach 11,000 community members through a range ...

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• 11 July

  Oil price stable even as Iran plans to boost crude exports

  

    BLOOMBERG Oil markets will remain stable this year even as Iran plans to keep boosting crude exports to regain the market share it lost due to sanctions, according to a senior official at state-run National Iranian Oil Co. Iran exports about 2 million barrels of its daily output of 3.8 million, said Mohsen Ghamsari, NIOC’s director of international affairs. ...

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• 11 July

  Egypt’s urban consumer inflation jumps to 14 pc

  

    Cairo / Reuters Egypt’s urban consumer inflation jumped for a third straight month in June as consumer demand spiked during Ramadan, official data showed on Sunday. Food demand normally surges during the Muslim holy month because of heavy consumption following the dawn-to-dusk fasting period. Ramadan this year began on June 6 and ended on July 5. Urban consumer inflation ...

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• 11 July

  Pearl, precious stone imports up in Saudi

  

    Riyadh / TNS Saudi markets imported pearls and precious stones worth SR21.8 billion in 2015, compared to SR19.2 billion in 2014, or an increase of 13 percent, local media said. Imports of pearls and precious stones represented 3.3 percent of the Kingdom’s total imports, which stood at SR655 billion in 2015, compared to 2.9 percent in 2014, with its total ...

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