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Dubai retailer MAF mulls $1bn investmentsUAE's Majid Al Futtaim Holding (MAF) - sole franchise of hypermarket chain Carrefour in the Gulf - said it foresaw capital investments of up to $1 billion this year as it steadily expanded its foothold in the region. This did More… |
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New GCC tobacco tax ‘could fuel illicit trade’A 100 per cent increase in duty on tobacco products in the GCC could fuel growth in illicit trade, beyond the control of police and customs authorities, as a consequence of an overnight rise in the cost of cigarettes, says a report. More… |
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90pc of passwords ‘vulnerable to hacking’More than 90 per cent of the user-generated passwords in the Middle East are susceptible to hacking, leaving room for billions of dollars in potential damages, said experts ahead of an IT security exhibition in Dubai. Leading info More… |
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UAE’s non-oil job, output levels surgeWhile the UAE's non-oil producing private sector reported the fastest rise in employment levels in two years and a further boost in output levels during April, the rate of increase in new orders eased to the slowest in a year, a report said. More… |
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200 Arabtec workers to be repatriatedAbout 200 Arabtec workers, who took part in a four-day strike by foreign workers seeking higher pay, will be repatriated to their home countries, Dubai's police chief has said. More… |
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Majid Al Futtaim to buy Carrefour's 25pc stakeCarrefour, Europe's largest retailer, agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million euros ($682.45 millio More… |
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Abyaar announces Dubai project deliveryDubai-based Abyaar Real Estate Development Company has announced the delivery of the phases I and II of its prestigious Acacia Villas project located at Acacia Avenues, the first freehold development in Dubai’s prime Jumeirah district. More… |
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Emirates NBD launches $1bn bondEmirates NBD launched a $1 billion core capital-boosting bond on Wednesday, amid healthy demand, allowing the Dubai lender to tighten earlier price guidance. The Tier 1 bond launched at a final yield of 5.75 per cent, tighter than More… |
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Volkswagen’s new Golf GTI launched in MEAl Nabooda Automobiles, the exclusive dealer for Volkswagen in Dubai and the Northern Emirates, has become the first dealership in the Middle East to receive the brand new Golf GTI. Al Nabooda Automobiles is offering customers an More… |
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RTS Realtime opens data center in DubaiRTS Realtime Systems Group (RTS), a leading global trading solutions provider, has announced plans to open its first regional data center in Dubai. Expected to go live in mid-July, the new hub in the RTS global trading network wil More… |
