Business & Money | Tuesday 3 May, 2016 1:54 pm

Samsonite to acquire luxury brand Tumi; set to expand market leadership

Samsonite, the world’s leading travel brand, has announced plans to acquire luxury brand Tumi for US$1.8 billion. The acquisition is expected to significantly expand Samsonite’s presence in the premium business and luggage segment by leveraging Tumi’s best-in-class...

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Business & Money | Tuesday 3 May, 2016 12:30 pm

Saud Bin Saqr Foundation for Youth Project Development Organizes RAK SMEs Forum

The Saud Bin Saqr Foundation for youth project development organized the forum of Ras Al Khaimah SMEs at Al Hamra Convention Centre, under the sponsorship of the Chamber of Commerce and Industry. The forum aimed to achieve the goals of the organization in developing the SME business sector and...

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Business & Money | Tuesday 3 May, 2016 12:00 pm

France & UAE share values of creativity 1,050 guests from the business community celebrated Creativity in Dubai!

French major companies and SMEs, local partners and authorities as well as international VIP guests… all attended together the annual Gala Dinner of the French Business Council in Dubai and Northern Emirates, the largest French business community event of the year in the UAE! This remarkable ...

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Business & Money | Tuesday 3 May, 2016 11:40 am

Gulf Capital Acquires 100% of Multibrands to Capitalise on the Growth in Consumption in Saudi Arabia

Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, announced today that it has acquired 100% of Multibrands Trading Co, one of largest food and beverage (F&B) distributors in the Kingdom of Saudi Arabia, with an annual turnover in excess of US$100...

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Business & Money | Tuesday 3 May, 2016 11:23 am

Dubai’s office market remains positive with strong corporate occupier demand for good quality accommodation

Dubai’s office market continues to see strong demand for good quality, efficient, and well located accommodations, resulting in declining vacancy rates in key sub-markets according to Q1 2016 Dubai MarketView by global real estate consultancy firm CBRE. In TECOM and DIFC, demand is currently...

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Technology & IT | Tuesday 3 May, 2016 11:15 am

Pakistan’s underbanked get evolved mobile money services from Easypaisa and Ericsson

Pakistan has an estimated population of 199 million, with approximately 60 percent of people living on under USD 2 a day and only 15 percent reported to have a bank account. To accelerate the uptake of mobile money services among the underbanked in Pakistan, Ericsson (NASDAQ: ERIC) announces...

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Business & Money | Tuesday 3 May, 2016 11:05 am

McDonald’s CEO Steve Easterbrook Honored McDonald’s UAE with Prestigious Award for Excellence

McDonald’s UAE was recognised with the prestigious Golden Arch Award by McDonald’s CEO Steve Easterbrook for its outstanding dedication to customer service, its significant community involvement, and contributions to a positive brand image in the UAE.   The award was...

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Business & Money | Tuesday 3 May, 2016 11:03 am

Emirates NBD UAE PMI™ Business conditions improve at weakest rate in three months

The UAE’s non-oil private sector lost some growth momentum in April, with business conditions improving at the weakest pace in three months. Output, new orders and input stocks all rose more slowly, but the main drag on the sector was a stagnation in employment. It was only the second time...

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Tourism & Hospitality | Tuesday 3 May, 2016 10:57 am

Turkish Airlines brings Batmobile to travel across Istanbul’s newest Bosphorus Bridge

Turkish Airlines brought the world-famous, iconic Batmobile to Istanbul to travel cross-continental for the first time via the newest Bosphorus Bridge to celebrate the release of Warner Bros. Pictures’ highly anticipated action adventure movie Batman v Superman: Dawn of...

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Business & Money | Tuesday 3 May, 2016 9:37 am

Doha Bank brings back its hugely popular Expat Account Package with enhanced benefits

Following its huge success last year, Doha Bank has announced the launch of an all-new Expat Account Package offering customers enhanced rewards and benefits. The Expat Account Package from Doha Bank is a bundle of banking products and services tailored to the needs of expat professionals from all...

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