Business News

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Apartment rental yields in Ajman are among the highest globally, boasting returns of 9.6 per cent between April and October this year. That’s according to data from the Propertyfinder Group which shows the emirate offering better returns to buy-to-let investors, compared with the likes of New York, Tokyo and Sydney. Regionally, Cairo (9.4 per cent) […]

Dubai-based ride-hailing company Careem has moved into e-commerce with a new fashion brand. The firm’s clothing company titled Dukkan Careem will use locally-sourced materials and designers. Dukkan, which is Arabic for ‘shop’, will sell on its own website and items will be delivered within the hour by Careem. The brand will officially launch at Sole […]

The UAE’s non-oil private sector has experienced significant growth in business and output over the last three months. That’s according to the latest Emirates NBD Purchasing Managers’ Index (PMI) report, which also noted higher than usual buying activity in November. Analysts predict increased spending to continue into December as households and businesses are looking to […]

Facebook opened its new London office on Monday and said it would add another 800 UK jobs next year. The office will be Facebook’s biggest engineering hub outside the US, and will house it’s first in-house start-up incubator designed to help kick-start British digital businesses. Nicola Mendelsohn, Facebook’s Europe, Middle East and Asia vice-president, said the […]

Jumeirah Group will open its first hotel in Bahrain in February.  The five-star property will be the hospitality group’s 21st hotel.  Meanwhile, the Jumeirah Beach Hotel is set to close to overnight guests for five months in 2018 as it completes a significant make-over.  The 21-year-old hotel will stop booking guests between May and October as […]

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