Tuesday 28 July 2015
 
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Dubai

Dubai Financial Market Q2 net profit drops 48pc

Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 48 per cent fall in second-quarter net profit on Monday as bourse turnover slumped. The firm, which runs securities trading in Dubai, made a net p

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1,200 experts for UAE Cancer Congress

More than 1,200 oncologists and allied healthcare professionals will learn and network with cancer specialists from around the globe at the upcoming UAE Cancer Congress in Dubai. The event takes place from October 29 to 31 at the

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Global Sphere signs $204m hospitality deal in Egypt

UAE investment company Global Sphere has signed a Dh750 million ($204.1 million) contract for a new luxury hotel on the northern coast of Egypt. Located in Egypt’s El Alamein area, the 500-room GS International Hotel will be

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Global Sphere signs $204m hospitality deal in Egypt

UAE investment company Global Sphere has signed a Dh750 million ($204.1 million) contract for a new luxury hotel on the northern coast of Egypt. Located in Egypt’s El Alamein area, the 500-room GS International Hotel will be

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Depa signs contracts worth $195m in H1

Depa, a leading global interior contracting company, signed new contracts worth over Dh719 million ($195.6 million) in the first half of 2015 winning landmark deals in Dubai while expanding into new international territories. Depa

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Nakheel H1 profit soars 53pc to $770m

Nakheel, a leading Dubai-based developer, today announced a net profit of Dh2.83 billion ($770 million) for the first six months of 2015, an increase of 53 per cent on the H1 2014 profit of Dh1.85 billion ($503 million). The sharp

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Biber Lounge at Rixos the Palm gets a makeover

Rixos The Palm, a luxurious resort in Dubai, UAE, has revamped its signature bar, Biber Lounge, introducing a cool new pub concept on the Palm Jumeirah. A new menu featuring modern pub grub‎ has been designed alongside a unique Bibe

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Dubai residential rents drop 3pc during Q2

Residential rents in Dubai, UAE, declined by 3 per cent in the second quarter of the year in the face of 6,750 new housing units that were delivered during the period, a report said. The new supply of homes took the total Dubai re

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Second Hyatt Place hotel opens in Dubai

Hyatt Hotels, a leading global hospitality group, has officially opened Hyatt Place Dubai/Baniyas Square, marking the second Hyatt Place hotel in the Middle East and the sixth Hyatt-branded hotel in the UAE emirate. Developed in collabo

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German hotel group to launch first Dubai property

Steigenberger Hotels, a leading German-based hospitality firm, has revealed plans to launch its inaugural five-star property in Dubai, UAE, this October. Following its recent announcement to open the InterCityHotel Culture Village

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