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Dubai office rents continue to rise: CBRE
Dubai’s office rents are continuing to rise due to the growing economy and increasing business confidence, according to a CBRE report.
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Mega mall 'will take Dubai retail sector to new heights'
The shopping and retail industries of the UAE are set to be 20 years ahead of the region, with Dubai’s launch of the Mall of the World in the run up to Expo 2020, says the CEO of a leading general trading company based in the UAE.
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Iraq approves $600m oil depot deal with CPP
Iraq's cabinet said it had approved a $607 million contract with China Petroleum Pipeline (CPP) for the construction of an oil storage depot near its Nassiriya oilfield in the south of the country.
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Kipco posts 20pc profit increase
Kuwait Projects Co (Kipco), the Gulf state's largest investment company, reported a 20 per cent rise in second-quarter net profit on Wednesday.
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Saudi opening will put Mideast on global investor map
The opening of Saudi Arabia's $530 billion stock market to foreigners will finally put the Middle East on the investor map.
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Savola in talks to sell packaging unit to Takween
Saudi Arabia's Savola Group has signed a non-binding agreement to sell its packaging business to Takween Advanced Industries, as it moves to focus on its core sectors of food and retailing, it said on Wednesday.
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Mideast hotel occupancy reaches 64pc in H1
The Middle East and Africa region has reported a one per cent increase in hotel room occupancy to 64.6 per cent in the first half of the year, according to an STR Global report.
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Vodafone Qatar beats forecasts with smaller loss
Vodafone Qatar, an affiliate of Vodafone Group, reported a narrowing first-quarter loss on Tuesday, beating the average forecast of analysts as revenue and subscriber numbers jumped.
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Qatar Emir meets Saudi King in Jeddah
Qatar's Emir Sheikh Tamim bin Hamad Al-Thani arrived in Jeddah on Tuesday to meet Saudi Arabia's King Abdullah for talks that focused on the situation in Gaza, according to SPA, the Saudi press agency.
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Nissan launches autonomous vehicles timeline
Japanese automaker Nissan Motor has launched a timetable for the latest vehicle automation technologies and is aimed at accelerating consumer adoption of Autonomous Drive systems.
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Mers virus detected in air samples from Saudi camel barn
Saudi scientists have found gene fragments of the deadly Middle East Respiratory Syndrome (Mers) virus in air from a barn housing an infected camel and say this suggests the disease may be transmitted through the air.
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Bahrain 'ranks high on innovation index'
Bahrain has achieved a high regional ranking in innovation on the 2014 Global Innovation Index, coming in fourth among 14 economies in the Mena region.
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HBMSU mulls exchange programs with Saudi varsities
The Dubai-based Hamdan Bin Mohammed Smart University (HBMSU) is considering launching academic and learner exchange programs with Saudi universities.
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Marmum to boost juices export
Marmum Dairy Farm, a subsidiary of Dubai Investments (DI) and one of the leading dairy brands in the UAE, has announced plans to export over 1.8 million litres of its Raha long-life juices across the Middle East and Africa this year.
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