Saturday, August 19, 2017

Business News

AED21 billion realty projects launched in Dubai in H1

Nearly 70 real estate projects have been registered in the first half of 2017, with a value of AED 21 billion.  Dubai Land Department Director General Sultan Butti bin Mejren says the Emirate is witnessing increased interest from international investors.  A total of 24 projects have been completed in the ...

Read More »

DXB Entertainment unveils new strategy

DXB Entertainment has announced its decision to introduce new organisational changes after recording over AED 280 million loss in the second quarter. The company is reorganising into three business units – theme parks, family entertainment and retail hospitality – and has appointed specialists to lead the new divisions. It also entered into ...

Read More »

Facebook to take on the TV market with ‘Watch’

Social media giant Facebook is making moves to compete in the television market by expanding its video offering. The network added a video tab last year and has signed deals with news and entertainment groups. Our US Correspondent Harry Horton reports

Read More »

Kingdom Holdings profits up 68% in second quarter

Kingdom Holdings saw profits rise by 68 per cent in the second quarter, amid plans to invest $800 million in Egyptian tourism.  According to a statement posted on the Saudi stock exchange, the revenue from the investment firm, owned by Prince Alwaleed bin Talal, grew by 16 per cent. The firm ...

Read More »

Greater compliance expected after recent OPEC meetings

The Organisation of Petroleum Exporting Countries (OPEC) says it expects members and non-members to comply with oil production cuts after a meeting in Abu Dhabi on Tuesday. The UAE said it would continue its commitment to the deal. Iraq has also vowed to cut output after it’s been found to ...

Read More »