Dubai Airports will partner with Huawei to design and build the world’s first Tier III certified Modular Data Centre Complex (MDCC) at Dubai International (DXB), it was announced today. The design and construct contract was […]
Souq.com, an online marketplace platform in the region, today announced its investment in InstaShop, a hyperlocal online grocery ordering app. Through this investment Souq.com has taken a significant stake in the company as a strategic […]
Sharjah Islamic Bank (SIB) posted a net profit increase of 12.5% for the nine month ending 30th September 2016 to reach AED 335.8 million compared to AED 298.4 million for the same period last year. […]
· Sony 4K HDR TV sales grew to 60% during the eight-day event compared to last year · Customer preference shifts to bigger screens of 55-inch and above 17th October 2016 – Dubai, United Arab […]
In an article published today, titled “GCC Sovereigns’ Financing Needs In 2015-2019 Could Total $560 Billion,” S&P Global Ratings says the consequences of the sharp fall in oil prices are clearly visible in Gulf Cooperation […]
Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in security software, is concerned that the Middle East is seeing a sustained rise in threat activity, with a 55% increase in threat levels quarter-on-quarter, […]
INDUSTRY QUOTES Chris Newman, Chief Operating Officer of Emaar Hospitality Group, said: “Achieving the 100,000-room milestone underlines the remarkable growth of Dubai’s hospitality sector led by the strategic directives and vision of His Highness Sheikh […]
“$8 billion is the current trade volume between the UAE and Italy.” “The opening of the main centre of the Chamber in Dubai serves the interests of the two countries even better.” “We are optimistic […]
Digital transformation can boost the UAE’s GDP by nearly $14 billion by 2020, according to SAP, market leader in enterprise application software, and a recent Accenture report, in advance of Gitex Technology Week. The Accenture […]
Increased room supply and lower demand pushed occupancy and room rates lower at Abu Dhabi hotels during September 2016. According STR’s preliminary monthly data, supply increased 3.9 per cent while demand dropped three per cent. […]