Tuesday, August 21, 2018

dnata acquires German travel company

Ground handler dnata has acquired German tour operator, Tropo, which provides low-cost travel packages to destinations in Europe and the middle east. Tropo currently offers packages to destinations such as Spain, Greece and Turkey in...

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...

Kuwait’s Agility teams up with Centerbridge on Abraaj bid -source

DUBAI, Aug 13 (Reuters) - Kuwait’s Agility has teamed up with New York-based Centerbridge Partners for its bid to acquire all or part of stricken Middle East private equity firm Abraaj, according to a...

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...

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...

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...

Jet Airways’ Board defers consideration of Q1 results; says all accounts with lenders are...

The Jet Airways flight coming from Dubai hit a parked catering vehicle SAJJAD HUSSAIN/AFP/Getty Images Jet Airways on Thursday said that its Board has deferred the consideration of unedited financial results for the first quarter...

Emaar Development net profit surges 68pc to $496m

UAE-based Emaar Development has reported a net profit of Dh1.82 billion ($496 million) for the first six months of 2018, up 68 per cent compared to Dh1.08 billion ($294 million) for the same...

Telecom Egypt to raise $500M syndicated loan led by UAE banks

DUBAI - 13 August 2018: Telecom Egypt, the country’s largest internet provider, is raising a $500 million syndicated loan for capital and operating expenditure, according to a statement from banks leading the transaction. First...

Nokia 2.1 is now available to buy in UAE

Nokia 2.1, the 2018 successor to the Nokia 2 is now available in one more market. The latest market to get Nokia 2.1 in stock is UAE. The only market to get Nokia 2.1 in...