May, 2016

• 12 May

  Marka posts AED 75mn revenues in Q1

  

    Sunaina Rana / Emirates Business The UAE’s retail market was ranked as the most attractive market in the Middle East and eighth globally in 2015. However, challenging economy has not left the sector untouched. Emirates first public joint stock company, Marka, has announced its Q1 2016 financial report. The UAE’s first retail-focussed company reported total revenue of AED 75,730 ...

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• 12 May

  Serco Middle East to stress nationalisation at Careers UAE 2016

    Dubai / Emirates Business Serco Middle East, a leading provider of public services, supporting governments and others operating in the public sector will be exhibiting at this year’s Careers UAE 2016 with plans to accelerate its nationalisation mandate. Serco Middle East’s principles are aligned with the event which is held under the patronage of His Highness Sheikh Mohammed Bin ...

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• 12 May

  FlexStone to display ecofriendly artificial stones

    Dubai / Emirates Business The use of stone in construction and interior design now extends beyond flooring and furniture production. In line with the same, Smart Konnect recently launched FlexStone, an exclusive gallery displaying a unique range of chic, fashionable and eco-friendly artificial stones, murals & floors for interior & exterior application. “We are extremely pleased to launch a ...

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• 12 May

  UAE emerges as hotspot for destination weddings

  

    RITIKA SHARMA / Emirates Business The UAE has yet again established itself as one of the most preferred choices for destination weddings, with the industry pegged to grow 100% in the country by end of the year. This was revealed in a recent survey which pegged the global destination-wedding industry at US$80 billion, representing 27 percent of the overall global ...

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• 12 May

  Digital market to stay stout in Middle East

  

    ALKESH SHARMA / Emirates Business In the Middle East region, decisive drivers responsible for rapid progression in the digital market are expected to stay robust in the coming days. With its number of internet users nearly grown twice in the past five years, Middle East and North Africa (MENA) region is well on the track and has remained one ...

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• 12 May

  IBM to fight cybercrime with ‘cloud’

  

    Sunaina Rana / Emirates Business As the country advances towards new technical industrialisation, cyber threat is a growing concern among various sectors. In wake of the same, IBM security has recently announced a new cloud-based version of the company’s cognitive technology trained on the language of security as part of a year-long research project. Ahmed El-Zaher, Security Unit Leader, ...

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• 12 May

  Freezones urged to take in more global talents

    Dubai / Emirates Business Free zones of the past functioned as isolated economic clusters with little to no interaction with the local economy. In the highly digitized and innovative future, however, free zones will need to be more integrated and collaborative in their approach and open their doors to global talent, investments and technologies, according to experts on the ...

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• 12 May

  UAE’s pragmatic approach to diplomacy triggers strong int’l relations

  

    Abu Dhabi / Emirates Business The pragmatic approach of the UAE towards its allies and neighbouring nations has enabled the country to build strong relations and play a key role in finding solutions to regional and international issues, stated His Excellency Omar Al Bitar, UAE Ambassador to China, while addressing a lecture on the topic ‘UAE 7 Star Diplomacy’ ...

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• 12 May

  Only 29% executives in ME recognize cybercrime risk

  

    Emirates Business According to EY’s latest Global Fraud Survey, Corporate misconduct — individual consequences, only 29% of executives in the Middle East recognize cybercrime risk, compared to 47% globally. The survey found that many respondents maintain the view that fraudulent activity is not their problem, despite recognizing the prevalence of the issue in their own countries. Michael Adlem, EY’s ...

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• 12 May

  Moroccan refinery to get capital injection

  

    Reuters Corral Petroleum Holdings is committed to injecting $680 million into its Moroccan refiner Samir to try to reverse a decision placing it in liquidation, a lawyer for Corral said. Morocco’s sole refiner halted production in August due to financial difficulties then a court ruling in March placed it in liquidation and named an independent trustee to run it. ...

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