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Category: BUSINESS

Posted on 07/10/2020

Arabtec Collapse Shakes Foundations of Gulf Construction Business

DUBAI (Reuters) – Just over six years ago, Dubai-listed Arabtec Holding had investors eating out of its hands. At a lavish shareholder meeting at Abu Dhabi’s St. Regis Hotel, the contractor that …
( read original story …)


Posted on 07/10/2020

Nakheel’s Deira Islands coastal city in Dubai taking shape

Deira Islands, Dubai’s new 15 square kilometre waterfront city, is taking shape fast. Having created 40 kilometres of man-made coastline the islands are helping transform the emirate’s oldest and most …
( read original story …)


Posted on 07/10/2020

Review: Black Tap’s latest venue at Mall of the Emirates

While some of Dubai’s other chicken burgers can leave you feeling … the pickled onion to slay through the richness of Greg Norman. Black Tap, Level 2 Mall of the Emirates (near Vox Cinemas), daily …
( read original story …)


Posted on 07/10/2020

Philip Morris International unveils new IQOS Boutique at Dubai Mall

Philip Morris International (PMI) has opened UAE’s first IQOS Boutique at Dubai Mall. PMI says the new store underlines its ambition of “achieving a smoke-free future for the GCC”. The IQOS Boutique …
( read original story …)


Posted on 07/10/2020

UAE-Israel accord could bring new sparkle to Dubai diamond trade

“This is a big opportunity for any young Israeli that wants to start any business in Dubai, not only the diamond business,” Shimshi, 41, told Reuters. Like in past visits over the last decade, Shimshi …
( read original story …)


Posted on 07/10/2020

ANALYSIS-Arabtec collapse shakes foundations of Gulf construction business

The liquidation, likely to lead to further layoffs in a company which had a 40,000 strong workforce at the end of last year, marks the end of an era of plentiful construction for local contractors. “A …
( read original story …)


Posted on 07/10/2020

UAE’s Al Habtoor Group completes preparations for Cairo office

UAE-based business conglomerate Al Habtoor Group (AHG) is set to complete preparations to open its office in Cairo, Egypt, it announced on October 7. The Cairene headquarters, located in the …
( read original story …)


Posted on 07/10/2020

Dubai is setting the stage for tech adoption

Deploying the latest developments in data science to analyse information is increasingly gaining more traction in Dubai …
( read original story …)


Posted on 06/10/2020

Dubai travel: Am I allowed to visit, are hotels and restaurants open and what rules are in place?

With year-round sunshine and just a few days of annual rainfall, it’s no wonder Dubai is such a hit with British holidaymakers – 1.2 million Brits visited in 2019. Now that Dubai has started issuing …
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Posted on 06/10/2020

Abu Dhabi to create food & beverage giant under ADQ

Abu Dhabi plans to combine two food and beverage companies to create a new national champion in the sector, as part of consolidation efforts in the oil-rich emirate led by ADQ, a state-owned holding …
( read original story …)


Posted on 06/10/2020

6 Abu Dhabi construction firms fined for flouting tower cranes’ safety norms

The Abu Dhabi Municipality said the violating firms were identified during inspection campaigns carried out on 160 construction sites …
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Posted on 06/10/2020

Abu Dhabi’s Senaat to sell stake in date company to Agthia, create ‘local F&B champion’

A consolidation move is happening in Abu Dhabi’s food sector, with senaat (or General Holding Corporation) to transfer majority shareholding in Al Foah Company – the world’s largest date processing …
( read original story …)


Posted on 06/10/2020

Abu Dhabi Investor Proposes Raising Stake in Food-Producer

Abu Dhabi’s Senaat is seeking to raise its stake in food-producer Agthia Group in a 450 million-dirham ($123 million) transaction, amid a flurry of deals by its parent ADQ.
( read original story …)


Posted on 06/10/2020

Watch: In this Sharjah school, you don’t have to go only to the bathroom to wash your hands amid COVID-19

Sharjah: The outbreak of COVID-19 has forced many schools around the world to search for innovative ways to protect themselves. Handwashing with soap and water, when done correctly, is critical in the …
( read original story …)


Posted on 06/10/2020

UAE-Based Startups In The Resale Space Are Poised To Grow, And Here Is Why

In the UAE, new business models around resale and recommerce have arisen to serve the needs of Millennials and Generation Z.
( read original story …)


Posted on 06/10/2020

How Dubai’s Events Sector Is Reimagining The Industry After Being Hit Hard By The COVID-19 Crisis

Since the UAE reopened to international visitors in July, the authorities have been examining how gatherings can take place safely, which resulted in the launch of a new set of guidelines for the …
( read original story …)


Posted on 06/10/2020

UAE business conditions improve amid dim optimism

Ongoing Covid-19 restrictions have led to the PMI figure hovering around the 50.0 level in recent months as firms have continued to lower job numbers …
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