14 Muharram 1446 - 20 July 2024
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Eye of Dubai

Dubai witnesses growth in demand for staff accommodation
Business & Money | Saturday 9 May, 2015 5:15 pm
Chestertons, the international property agency established in 1805, stated that staff accommodation market particularly in Dubai has recorded significant increase in demand as construction activity across the Emirate soars. Construction sector has been the main demand driver for labour...
Bottom freezer refrigerators increasingly more popular than conventional top freezers
Business & Money | Thursday 7 May, 2015 1:54 am
Buying a refrigerator is something that happens occasionally, and with the availability of numerous products and different styles, making the right choice is crucial as it is the most important and most used appliance in your kitchen. Refrigerators and freezers come in a wide array of styles, from...
Mergermarket releases Q1 Middle East Trend Report:
Business & Money | Saturday 2 May, 2015 12:00 am
Egyptian market sees three new listings; UAE outbound deal value falls 80% • Slow start to 2015 will be bolstered by deals anticipated for later in the year• UAE remains most targeted GCC country• Orascom Construction is first foreign company to perform dual listing on Egyptian ExchangeDubai, ...
Technology & IT | Thursday 30 April, 2015 12:36 am
HTC turned in another profitable quarter for the first three months of 2015, with year-on-year revenue up 25% on the same period in 2014, at NT$41.5 billion. Earnings per share has also rebounded since Q1’14, to NT$0.43.Tailored portfolios for individual markets and targeted marketing efforts...
3M Announces First-Quarter Results
Business & Money | Wednesday 29 April, 2015 1:19 am
Company Posts Sales of $7.6 Billion and Earnings of $1.85 per ShareFirst-Quarter Highlights:• Organic local-currency sales growth of 3.3 percent• Positive organic local-currency growth in all business groups and geographic areas• Operating income margins of 22.8 percent, up 0.9 percentage...
UAE economy could save over Dh132 million annually by switching to local web hosting options
Technology & IT | Monday 27 April, 2015 2:47 pm
Dubai companies are losing an estimated Dh132 million annually by hosting their websites with offshore providers rather than locally in the UAE.Of an estimated 335,450 companies in the UAE, 91 per cent of these are known to host offshore, at an average cost of Dh800 annually, while local hosting...
Saudi Arabia shows promise for online shopping growth: MasterCard survey
Technology & IT | Monday 27 April, 2015 11:45 am
MasterCard today released the results of its Online Shopping Behaviour study that indicates that nearly half of the respondents had made an online purchase during the three months prior to the study, of which 78 per cent were satisfied with their online shopping experience.The Online Shopping...
Islamic banking  industry in Saudi Arabia set to reach US$683b by 2019
Business & Money | Monday 27 April, 2015 8:05 am
The Islamic banking industry, in the Kingdom of Saudi Arabia (KSA) is set to achieve US$683b of Sharia-compliant assets by 2019, according to EY’s World Islamic Banking Competitiveness report. KSA has been a key market for growth in the Islamic banking industry. The first Islamic bank with equity ...
International General Insurance Holdings Limited announces net profits of US$ 34.34 million
Business & Money | Sunday 26 April, 2015 3:42 pm
International General Insurance Holdings Limited (IGIH) today reported earnings for the 2014 financial year. The Group announced net earnings of US$ 34.34 million for the financial year of 2014, an increase of 9.9% compared to US$ 31.26 million for the financial year of 2013. Commenting on the...
SAP Announces First Quarter 2015 Results
Business & Money | Sunday 26 April, 2015 3:27 pm
Business Highlights in the First Quarter 2015SAP again delivered exceptionally strong growth in the cloud. First quarter non-IFRS cloud subscriptions and support revenue grew 131% year-over-year (95% at constant currencies). New cloud bookings, the key measure for SAP’s sales success in the...
PIF launches 3 new renewable energy JVs
PIF launches 3 new renewable energy JVs
Wednesday 17 July, 2024 11:09