Business & Money | Tuesday 13 February, 2018 4:00 am

Dubai Investments announces $20 million investment in Africa Crest Education

Dubai Investments PJSC [DFM: DIC], the leading, diversified investment company listed on the Dubai Financial Market, has announced US$ 20 million direct investment into Africa Crest Education Holdings [ACE] – an investment company promoting quality education across the African...

More Details

Business & Money | Tuesday 13 February, 2018 2:15 am

Emaar Malls records 11% increase in net profit to AED 2.080 billion (US$ 566 million) in 2017

Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties PJSC (DFM: EMAAR), recorded a net profit of AED 2.080 billion (US$ 566 million) in 2017, 11 per cent higher than the net profit of AED 1.874 billion (US$ 510 million) during 2016. Revenue for...

More Details

Business & Money | Monday 12 February, 2018 4:30 pm

SHUAA Capital celebrates the launch of SHUAA Securities-Egypt

SHUAA Capital, the United Arab Emirates-based premier financial services group, today held a press conference in Cairo to officiate the opening of its securities brokerage arm, SHUAA Securities-Egypt. Held under the patronage of Her Excellency Dr. Sahar Nasr, Egypt’s Minister of Investment...

More Details

Business & Money | Monday 12 February, 2018 3:38 pm

Topaz Energy and Marine CEO named Offshore Leader of the Year

René Kofod-Olsen, CEO of Topaz Energy and Marine (Topaz), has been named ‘Offshore Leader of the Year’ by leading trade publication Offshore Support Journal (OSJ) at the Annual OSJ Conference and Awards, London.   The event brings together international oil and...

More Details

Business & Money | Monday 12 February, 2018 2:55 pm

New report calls for GCC governments to set up behavioral science units to enable national transformation plans

A new report published at the World Government Summit reveals how the use of behavioral science can help GCC governments reach many of their social, economic, and environmental objectives as part of their national transformation plans. Traditional policymaking assumes that people always make...

More Details

Business & Money | Monday 12 February, 2018 2:47 pm

Make workplace a happy place, says retail chief at World Government Summit 2018

The workplace should be a happy place, both for the employees and the company’s bottom line, said Nisha Jagtiani, Group Director and Chief Happiness Officer of Landmark Group at the Global Dialogue for Happiness Forum in Dubai on February 10, 2018.   The forum was a ‘curtain...

More Details

Business & Money | Monday 12 February, 2018 2:18 pm

GCC family businesses optimistic of sustaining regional economic growth

 Family-run businesses in the Gulf Cooperation Council (GCC) countries remain, by and large, highly resilient at the start of year 2018, proving once again that this important segment of the economy will continue to drive the regional growth.   A recent report released by KPMG...

More Details

Business & Money | Monday 12 February, 2018 2:15 pm

VP attends signing of Declaration of Principles between UAE Space Agency, French Centre for Space Studies

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Edouard Philippe, Prime Minister of France, today attended the signing of a joint declaration between the UAE Space Agency and France's Centre national d'etudes spatiales - the...

More Details

Business & Money | Monday 12 February, 2018 8:10 am

Nakheel’s Palm Tower reaches 42 floors as concrete works pass 80 per cent mark

Nakheel’s new, landmark Palm Tower on Dubai’s Palm Jumeirah has passed the 80 per cent mark in terms of concrete works, with 42 floors complete and the remaining eight residential floors to be delivered in Q3 this year.   Located at the heart of the world-famous, award...

More Details

Business & Money | Monday 12 February, 2018 7:00 am

Azizi Developments Accelerates Flagship Azizi Riviera Development

Azizi Developments, one of the leading private developers in the UAE, has announced that construction of Phases 3 and 4 of its flagship project, Azizi Riviera, is scheduled to begin this month. Construction of Phases 1 and 2 of the AED 12 billion canal development in Meydan One began in July...

More Details