Business & Money | Monday 13 February, 2017 12:29 am

A stressful 2016 tempers optimism, according to annual Deloitte global survey of 8000 millennials

A turbulent 2016—punctuated by terror attacks in Europe, Brexit, and a contentious US presidential election—appears to have rattled millennials’ confidence, according to Deloitte’s sixth annual Millennial Survey. They indicate they are less likely to leave the security of...

More Details

Business & Money | Monday 13 February, 2017 12:06 am

Consortium buys billion dollar stake in Arab Bank Group

  Baker McKenzie advised a consortium led by Arab Bank Chairman Sabih al Masri, in acquiring a 20% stake in Arab Bank Group from Oger Middle East Holdings.   A consortium of investors bought a 20 percent stake in Arab Bank Group for $1.12 billion. These were led by Arab Bank...

More Details

Business & Money | Sunday 12 February, 2017 12:17 pm

Annual Investment Meeting (AIM 2017) to focus on capacities and challenges of Foreign Direct Investments (FDI)

  According to UNCTAD’s World Investment Report 2016, FDI inflows to developingeconomies reached a new high of $765 billion in 2015, 9 per cent higher than the previous years. Focusing on FDI capacity, The Annual Investment Meeting which will be held in Dubai from 2nd- 4th April...

More Details

Business & Money | Sunday 12 February, 2017 11:56 am

BCG Strengthens Its Telecom and Industrial Goods Practice Areas with the Addition of Two New Partners

As it continues to accelerate growth in the Middle East, strengthening its market position and catering to developing segments in the region, The Boston Consulting Group (BCG) has announced the appointment of two new partners to its Middle East partner team. Oscar Ruiz has joined as a partner in...

More Details

Business & Money | Sunday 12 February, 2017 9:58 am

Over 124,000 Middle East Jobs Were Available on Bayt.com in 2016

The leading job site in the Middle East, Bayt.com, had more than 124,000 jobs available in 2016. Job seekers in the region directly applied for these vacancies. This number does not include the thousands of additional jobs that employers filled by searching for CVs on Bayt.com, instead of posting...

More Details

Business & Money | Sunday 12 February, 2017 2:21 am

Al Mal Capital acquires US-based Poinsettia Plaza shopping centre

Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution headquartered in Dubai, has announced the acquisition of Poinsettia Plaza – the 153,000 square feet neighborhood shopping centre located in Ventura, California.   The...

More Details

Business & Money | Sunday 12 February, 2017 12:07 am

In Presence of Officials, Media and Private Sector Representatives:

HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, launched today (Saturday, 11 February 2017) the Private Sector Platform of the World Green Economy Organisation (WGEO). The newly launched platform is the first of WGEO that was launched during the third World...

More Details

Business & Money | Saturday 11 February, 2017 2:32 am

Building Work Nears Completion on AED500m First Avenue Project in Dubai’s Motor City

Building work is almost finished on First Avenue, the new shopping mall and hotel development in Motor City. The project’s backers say construction work for the mall is on track for completion by the end of this month, with fit-out for the retail units set to take another four months. The...

More Details

Business & Money | Saturday 11 February, 2017 12:08 am

White & Case advises Saudi Aramco on world's biggest IPO -sources

By Davide Barbuscia and Saeed Azhar | DUBAI/SINGAPORE Feb 9 State oil giant Saudi Aramco has appointed international law firm White & Case as legal adviser for its planned initial public offering (IPO), expected to be the world's biggest, sources...

More Details

Business & Money | Saturday 11 February, 2017 12:04 am

Saudi Arabia aims to boost pharmaceutical industry

Minister of Health Tawfiq Al-Rabiah on Wednesday said Saudi Arabia will do its best to boost its pharmaceutical industry under the National Transformation Program (NTP) 2020. He was addressing local manufacturers of medicines and suppliers to medical laboratories at the headquarters of the Council ...

More Details