02 Dhu al-Qi'dah 1445 - 10 May 2024
    
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Eye of Riyadh

DAMAC Properties Reaffirms Position as Luxury Master Developer with Premier Golf Community ‘DAMAC Hills’
Business & Money | Monday 13 February, 2017 1:48 am
DAMAC Properties, a leading luxury real estate developer in the region, today announced a significant number of milestones achieved at its premiere golf master planned community, ‘DAMAC Hills’, featuring Trump International Golf Club Dubai at its...
A stressful 2016 tempers optimism, according to annual Deloitte global survey of 8000 millennials
Business & Money | Monday 13 February, 2017 12:29 am
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...
Consortium buys billion dollar stake in Arab Bank Group
Business & Money | Monday 13 February, 2017 12:06 am
  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...
Annual Investment Meeting (AIM 2017) to focus on capacities and challenges of Foreign Direct Investments (FDI)
Business & Money | Sunday 12 February, 2017 12:17 pm
  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...
BCG Strengthens Its Telecom and Industrial Goods Practice Areas with the Addition of Two New Partners
Business & Money | Sunday 12 February, 2017 11:56 am
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...
Over 124,000 Middle East Jobs Were Available on Bayt.com in 2016
Business & Money | Sunday 12 February, 2017 9:58 am
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...
Al Mal Capital acquires US-based Poinsettia Plaza shopping centre
Business & Money | Sunday 12 February, 2017 2:21 am
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...
In Presence of Officials, Media and Private Sector Representatives:
Business & Money | Sunday 12 February, 2017 12:07 am
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...
Building Work Nears Completion on AED500m First Avenue Project in Dubai’s Motor City
Business & Money | Saturday 11 February, 2017 2:32 am
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...
White & Case advises Saudi Aramco on world's biggest IPO -sources
Business & Money | Saturday 11 February, 2017 12:08 am
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...
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