Business & Money | Wednesday 21 January, 2015 2:13 pm

Nakheel profits rise 43 per cent to AED3.68 billion in 2014

Nakheel today announced its results for the financial year ending 31 December 2014: a net profit of AED3.68 billion representing a 43 per cent increase on last year’s net profit of AED2.57 billion. The strong financial performance in 2014, driven mostly by the continued delivery of residential...

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Environment & Energy | Wednesday 21 January, 2015 1:46 pm

Water surpasses solar as the GCC’s fastest growing renewable technology

The cleantech industry saw a sudden growth in confidence for water technologies in 2014, according to EY’s 4th MENA Cleantech Survey Report that was launched at the World Future Energy Summit in Abu Dhabi. The survey gauges the sentiment of senior industry executives on renewable energy...

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Technology & IT | Tuesday 20 January, 2015 10:37 am

Organizations in UAE Exposed to Cybercrime Risk as Attacks Become Increasingly Sophisticated in 2015

While organizations in the UAE have existing security strategies in place that provide defense against a range of cyber attacks, today’s sophisticated threat landscape exposes organizations to a number of risks for which they are not prepared. Security expert Glen Ogden, Regional Sales Director,...

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Business & Money | Monday 19 January, 2015 12:41 pm

Bayt.com survey reveals that 86% of UAE respondents feel positive about the year 2015

The Bayt.com Career Aspirations in the Middle East and North Africa survey, recently conducted by Bayt.com, the region’s number one job site, and YouGov, a research and consulting organization, has revealed that the most preferred industry to work in, according to MENA respondents, is oil, gas...

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Technology & IT | Sunday 18 January, 2015 12:12 pm

MED-EL ANNOUNCES RESULTS OF THE ‘FIRST SPECIAL REPORT ON HEARING LOSS IN THE MIDDLE EAST’

MED-EL, a leading provider of hearing implant systems, unveiled results of the first survey on hearing loss in the Middle East. The survey reveals the first comprehensive statistics on hearing impairment regionally, and specifically in the United Arab Emirates, Kingdom of Saudi Arabia and Egypt.The ...

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Cars & Autos | Friday 16 January, 2015 12:29 am

10 Cars Set to Hit the Roads in 2015

As we move out of the haze of end-of-year celebrations and back into high gear for 2015, let’s take a look at what the automobile industry has to offer us this new year. With everything from compact hatchbacks to powerful all-wheel drives to highly exclusive luxury sedans, this list has a little...

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Cars & Autos | Monday 12 January, 2015 3:45 pm

AUDI AG: new record year with over 1.74 million deliveries in 2014

AUDI AG clearly exceeded its goal of 1.7 million deliveries: By year-end, the company handed over around 1,741,100 cars to customers, 10.5 percent more than in 2013. The company once again accelerated its growth pace and achieved around 165,600 additional customers and the second-highest volume...

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Business & Money | Monday 12 January, 2015 3:23 pm

33 % Growth in Trading Volumes Recorded by DME in 2014

The Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, registered an impressive performance in 2014, posting- a 33 per cent growth in trading volumes to average 8,431 lots per day. Over 160 different traders from more than 90...

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Tourism & Hospitality | Monday 12 January, 2015 3:21 pm

Hotels in the Middle East Can Create a Competitive Advantage by Using Wi-Fi Networks as a Platform for Innovation

The hospitality sector in the Middle East is booming. Recent industry reports about the hospitality industry in the Middle East have indicated that Dubai plans to almost double the number of hotel rooms by 2020, Saudi Arabia’s hospitality sector is growing at an annual rate over 8.5 percent with...

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Business & Money | Monday 12 January, 2015 1:46 pm

The real estate sector ... an active partner in the development process

“The 2015 Budget reflects the strength and stability of the Saudi economy, and confirms that the kingdom will proceed with its comprehensive and sustainable development plans; it also promotes the importance of the contribution of the private sector in the development process.”, Said Majed Al...

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