Tuesday, August 21, 2018

Dubai unveils plans for $2.75 billion tech-driven mega mall

Plans for a sprawling "high-tech-meets-retail" metropolis have been unveiled in Dubai. The mega mall will be the largest leasable retail space in the world, spanning over 100 soccer fields in size.Called Dubai Square, the...

Most influential foreigner in the UAE, Forbes list revealed

Paul Griffith, chief executive of Dubai Airports, is the most influential foreigner 2018 in the UAE , according to Forbes Middle East. Forbes ranked its 50-member as per their impact and contribution to the country's economy. Majid...

Dubai’s Emaar Properties posts 2 pct Q2 profit rise

DUBAI, Aug 14 (Reuters) - Emaar Properties, Dubai’s largest listed developer, on Tuesday reported a 2 percent rise in second-quarter net profit after the impact of the public listing of its development business. The...

Trade Bank of Iraq puts Turkey bank acquisition plans on hold

DUBAI, Aug 15 (Reuters) - Trade Bank of Iraq (TBI) has put on hold plans to buy a commercial bank in Turkey because of the plunge in the Turkish lira, its chairman told Reuters...

Reyl Appoints Emirates CEO

Reyl appointed a new chief executive officer for its Emirates-based subsidiary. The banker was a co-founder of the business and has a quarter of a century of banking experience. Nicolas Farah will take over as...

Emirates announces special Independence Day fares

Kolkata, Aug 14 (IBNS): Aviation major Emirates has announced special fares for on the occasion of India’s 72nd Independence Day. Travelers from Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad,Kolkata, Mumbai, Kochi and...

Foodco Holding posts AED 48.56m profit in 6M

Abu Dhabi – Mubasher: Foodco Holding has reported a 1% year-on-year increase in net profit during the first six months of 2018, recording AED 48.56 million. The company’s revenue surged 20.23% to AED 196.2...

UAE: ADNOC Distribution Achieves AED 1,124m Net Profit For 1H 2018

It is 18% growth in comparison to the same period last year The UAE’s largest fuel and convenience retailer, ADNOC Distribution, has posted a net profit of AED 1,124 million for the...

Asteco’s Q2 UAE Real Estate Report Indicates Bullish Trends for Renters – Al Bawaba

Asteco's ' UAE Real Estate Report Q2 2018' has indicated an annual decline in villa and apartment sales and rental rates across the country. The quarterly report also highlighted key market trends, major project...

Future Money, Future Wealth: Third Annual World Blockchain Forum comes to London this September

Curating this year’s most influential blockchain and bitcoin events in Miami and Dubai, Keynote continued its success in Manhattan’s Midtown, with the seventh World Blockchain Forum event held in New York.With a new focus...