Business & Money | Wednesday 4 May, 2016 5:10 am

Emaar Hospitality Group marks ambitious expansion to Saudi Arabia
with Vida Jeddah Gate

Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, has marked its ambitious expansion to Saudi Arabia with the unveiling of its first hotel and serviced residence property in Jeddah Gate.  The 14 storey Vida Jeddah Gate hotel tower and...

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Business & Money | Wednesday 4 May, 2016 3:50 am

KSA retail market offers plenty of opportunities

As the largest economy in the Middle East, the retail market in Saudi Arabia is witnessing strong growth. Driven by a growing, young population with a high disposable income, analysis released today from global real estate advisors Colliers International, paints a positive picture of an expected...

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Business & Money | Tuesday 3 May, 2016 7:03 pm

Asian Economies And The Rhetoric of Protectionism

The rhetoric of protectionism panders to an unhappy voter as evidenced by the political season on both sides of the Atlantic. US presidential candidates are targeting trade agreements and arguing that they are hurting the country’s interests while the United Kingdom prepares to vote on...

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Business & Money | Tuesday 3 May, 2016 6:33 pm

MICHELIN PILOT SPORT 4 NOW AVAILABLE IN THE MIDDLE EAST AND AFRICA

Michelin, the world's tyre technology leader, today announced the launch of MICHELIN Pilot Sport4 tyres for theMiddle East and African markets. The new MICHELIN Pilot Sport4, developed in partnership with some of the world's most demanding car manufacturers, is the latest in the...

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Business & Money | Tuesday 3 May, 2016 5:24 pm

GOIC: The Development of Medical Equipment for People with Special Needs in the Gulf

The Gulf Organization for Industrial Consulting (GOIC) revealed that the manufacture and trade of medical tools and equipment for people with special needs in the GCC is a key area that requires attention and development. In fact, people with a variety of special needs (visually impaired, hearing...

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Business & Money | Tuesday 3 May, 2016 4:58 pm

AL TAYER MOTORS TO OPEN NEW DEDICATED LINCOLN CONCEPT SHOWROOM

Al Tayer Motors, the official importer-dealer for Lincoln in the UAE, has broken ground for a new concept showroom, incorporating sales, service and spare parts, for the luxury brand at Al Ittihad Road in Dubai.   When ready, the showroom will mark the launch of the new ‘The...

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Business & Money | Tuesday 3 May, 2016 1:54 pm

Samsonite to acquire luxury brand Tumi; set to expand market leadership

Samsonite, the world’s leading travel brand, has announced plans to acquire luxury brand Tumi for US$1.8 billion. The acquisition is expected to significantly expand Samsonite’s presence in the premium business and luggage segment by leveraging Tumi’s best-in-class...

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Business & Money | Tuesday 3 May, 2016 12:00 pm

France & UAE share values of creativity 1,050 guests from the business community celebrated Creativity in Dubai!

French major companies and SMEs, local partners and authorities as well as international VIP guests… all attended together the annual Gala Dinner of the French Business Council in Dubai and Northern Emirates, the largest French business community event of the year in the UAE! This remarkable ...

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Business & Money | Tuesday 3 May, 2016 11:40 am

Gulf Capital Acquires 100% of Multibrands to Capitalise on the Growth in Consumption in Saudi Arabia

Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today that it has acquired 100% of Multibrands Trading Co, one of largest food and beverage (F&B) distributors in the Kingdom of Saudi Arabia, with an annual turnover in excess of US$100...

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Business & Money | Tuesday 3 May, 2016 11:01 am

Emirates NBD Saudi Arabia PMI™ PMI slips to three-month low in April

Growth of Saudi Arabia’s non-oil private sector stalled in April, with business conditions improving at the slowest pace in three months. Output continued to rise sharply, but the rate of job creation eased to near-stagnation. New business increased to the least extent in the...

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