Business & Money | Wednesday 10 August, 2016 9:37 am

Earthquake Tragedy Bridges Two Continents

the nation, Ecuador was hit by a colossal earthquake of magnitude 7.8. The severity of the disaster reverberated throughout the entire country, leaving at least 500 dead and 27,500 injured. Moved by the plight of Ecuadorians, T.B. Joshua -  Founder of Emmanuel TV -...

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Business & Money | Wednesday 10 August, 2016 9:29 am

Kerzner International Names New President and Chief Executive Officer

Kerzner International Holdings (KIH), the leading international developer and operator of destination resorts, ultra-luxury hotels and residences, today announced the appointment of Jean-Gabriel Pérès as its new President and Chief Executive Officer.  As the outgoing CEO of...

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Business & Money | Wednesday 10 August, 2016 8:37 am

GCC fertilizer capacity to expand by 14% over the next five years, says GPCA report

Fertilizer production in the Arabian Gulf is set to expand to 43.1 million tons in the next five years, according to a new report by the Gulf Petrochemicals and Chemicals Association (GPCA). At 37.8 million tons, the GCC’s current fertilizer capacity earns US$6.3billion in sales revenue,...

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Business & Money | Wednesday 10 August, 2016 7:39 am

Marka Announces Q2 2016 Financial Results

Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, today released its interim financial results for the second quarter of 2016. For the three months ending 30th June 2016, the company reported total revenue of AED 89.5 million, an increase of 18.2% compared to Q1 2016....

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Business & Money | Wednesday 10 August, 2016 7:22 am

Caroline Foster Kenny Appointed CEO, IPG Mediabrands, EMEA

Henry Tajer, Global CEO of IPG Mediabrands, today has announced the appointmentof Caroline Foster Kenny as CEO of IPG Mediabrands across...

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Business & Money | Wednesday 10 August, 2016 2:45 am

Saudi Arabian firms display mixed sentiments for Q3, 2016

Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with the National Commercial Bank released the D&B Business Optimism Index (BOI) survey for Saudi Arabia for Q3, 2016. The survey reveals mixed sentiments for firms in Saudi Arabia.  “Despite some recovery in ...

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Business & Money | Tuesday 9 August, 2016 3:22 pm

Moroccan, Omani and Egyptian photographers won Almarai-National Geographic Competition

Almarai Company and National Geographic Abu Dhabi announced names of the winners in the fourth photography competition 2016 titled: “Cuisine and Flavors of our Arab Countries”. The competition got fierce rivalry between the entrants and high level of creativity in the contesting...

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Business & Money | Tuesday 9 August, 2016 3:09 pm

DAMAC Properties Launches AKOYA Imagine Plots

DAMAC Properties today announces the release of AKOYA Imagine plots within an international golf community. The leading luxury real estate developer is providing the opportunity for investors to purchase land plots in a thriving community, comprised of colourful villas and featuring low annual...

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Business & Money | Tuesday 9 August, 2016 3:06 pm

Deadline for Islamic Economy Award 2016 extended till Thursday, August 11

Due to popular demand, the Dubai Islamic Economy Development Centre (DIEDC) has extended the deadline for the 2016 Islamic Economy Award until August 11.    There will be no more extensions after August 11, the centre warns, however, and the winners will be announced at the Global...

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Business & Money | Tuesday 9 August, 2016 10:20 am

Doha Bank named ‘Qatar Domestic Trade Finance Bank of the Year’ at Asian Banking and Finance Awards 2016

Adding yet another accolade to its growing trophy cabinet, Doha Bank, the largest private commercial bank in Qatar, has won the award for ‘Qatar Domestic Trade Finance Bank of the Year’ at the ‘Asian Banking & Finance Awards 2016’ held recently in Singapore. The annual...

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