Business News

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Theme park operator DXB Entertainments reported a loss of AED1.1 billion for 2017, despite visitor numbers rising towards the end of the year. It recorded AED 485 million in loss a year earlier. The company, whose attractions include Legoland and Motiongate, said 800,000 people visited the parks in the final quarter of 2017 – up 66 per […]

Emaar Malls reported an 11 per cent jump in full-year profit to AED 2 billion, driven mainly by strong visitor numbers and occupancy levels at Dubai Mall. The year finished strongly for Emaar Malls, with the fourth quarter revenue jumping by more than third. A total of 80 million people visited Dubai Mall last year.

Close to 24,000 registration and licencing transactions were processed in Dubai during the first month of 2018. That’s according to Dubai Economy, who says they issued more than 1,600 new licences and gave the initial approval to 2,000 more. Commercial licences led the list of new licences at 58 per cent while professional licences stood […]

The demand for oil in the Middle East steadily increased in 2017. That’s according to the Organisation of the Petroleum Exporting Countries (OPEC), who have released their monthly oil market report for February. The report predicts that the global demand for oil will grow faster than expected this year because of a healthy world economy. […]

Up to 45 per cent of jobs in the Middle East could be replaced by robots, according to report released by McKinsey at the World Government Summit. McKinsey says the most vulnerable jobs are in manufacturing, transportation and warehousing, which are intensive in routine tasks. By contrast, healthcare, education and entertainment are the hardest to replace […]

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