Business & Money | Tuesday 19 January, 2016 1:53 pm

First ever “Global Exhibitions Day” to highlight the exhibition industry’s benefits for the economy

Exhibition organisers, venues, associations, and service providers from countries all around the world are uniting behind a global initiative to stage the first ever “Global Exhibitions Day” on 8 June 2016. Driven by Paris based UFI – The Global Association of the Exhibition...

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Business & Money | Tuesday 19 January, 2016 1:37 pm

Vertical Transportation Meeting The Rising Heights of Skyscrapers

With Dubai home to 18 of the 100 supertall structures in the world, the construction sector in the Middle East region has flourished tremendously. According to a GCC construction report released a few months back, UAE accounts for the largest value of projects worth $525.6bn, followed by Saudi...

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Business & Money | Tuesday 19 January, 2016 1:11 pm

Challenging economic climate across GCC may present opportunities for Bahrain’s real estate sector

As GCC markets are forecasted to face prolonged economic challenges over the coming months, Bahrain looks set to be cushioned from the blow by continued infrastructure investment from the GCC aid fund, according to  the global property consulting firm CBRE as part of its Q4 2015 Bahrain...

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Business & Money | Tuesday 19 January, 2016 12:58 pm

GACA to participate in 2016 Bahrain International Air Show

The Saudi General Authority of Civil Aviation will be participating in the fourth iteration of the Bahrain International Airshow for 2016, the Authority said in a statement. Sulaiman Al-Hamdan, the Authority’s President, will head its delegation to the three-day airshow, scheduled to be...

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Business & Money | Tuesday 19 January, 2016 12:56 pm

Saudi Arabia working to create a strong and diverse economy, say experts

The Saudi government’s policies to counteract the continuing decline in oil prices will contribute to a diversification of the economy, according to economists. They said the Saudi economy is on the verge of significantly increasing its efficiency and competitiveness. One of the sessions ...

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Business & Money | Tuesday 19 January, 2016 10:51 am

Apollo Global Exits Ahuja Constructions' Super Luxury Mumbai Residential Project at 69.35 Million USD

NYSE-listed global private equity fund Apollo Global Management has made an exit from super-luxury residential project Ahuja Towers of Mumbai-based Indian real estate company Ahuja Constructions' at approximately 69.35 Million USD (conversion rate as on date of exit: Rs 460...

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Business & Money | Tuesday 19 January, 2016 10:47 am

Barwa Bank announces the two winners of Thara’a million-Riyal grand prize

Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, announced the fourth round of draw winners for Thara’a, its Shari’ah compliant savings account. Capping the 2015 series of draws with a dual reward for Thara’a account holders, the draw doubled up...

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Business & Money | Tuesday 19 January, 2016 10:40 am

Deutsche Bank expands research team in Dubai

Deutsche Bank today announced the expansion of its equity research operation in the Dubai International Financial Centre (“DIFC”) as three equity analysts mainly focusing on Emerging Markets Equity Research join the team.  The scope of equity research from Deutsche Bank’s...

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Business & Money | Tuesday 19 January, 2016 10:34 am

DAMAC, Introduces 'Navitas Hotel & Residences'

DAMAC Properties, one of the region's largest luxury real estate developer, has introduced 'Navitas Hotel & Residences' in AKOYA Oxygen golf course community with a 4-year payment plan with prices starting from AED 440,000. 'Navitas Hotel & Residences', a project with ...

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Business & Money | Tuesday 19 January, 2016 10:18 am

CMA Approves Postponement of Middle East Health Care Co. IPO

Middle East Healthcare Company (“MEAHCO” or the “Company”) announces that the Capital Market Authority (“CMA”) has approved its request to postpone the initial public offering (“IPO”) of 27,612,000 shares representing 30% of the Company’s share...

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