business

  • Omnia Pay to showcase Branch Transformation Solution at Gitex 2017

    Omnia Pay, a provider of innovative digital transformation solutions for the banking and retail sectors, today announced that it is returning to GITEX for the second year to showcase its branch transformation solution. Based out of the Huawei (Stand number Z-E20 in the Za’abeel Hall), Omnia Pay will host live demonstrations as well as showcase its solutions advantages for banks.

  • IMDAAD TO LAUNCH FIRST “WORK SERIES” AT FM EXPO 2017

    Imdaad, the Dubai based award-winning integrated facilities management company, will be launching the first “Imdaad Work Series” at FM Expo, Middle East’s largest dedicated FM show. From 25 to 27 September at the Dubai World Trade Centre, the Imdaad Work Series will provide unique insights on facilities management and the disruptors behind the rapid transformation of this booming industry. 

  • ‘Brexit’ move tips scale in GCC’s favor: report

    The UK’s impending historic withdrawal from the European Union (EU) is opening new opportunities for advancing the position of the Gulf Cooperation Council (GCC) as an economic powerhouse, casting the spotlight on the strong bilateral trade ties between the GCC region and the European island nation, according to a new report titled ‘UK’s EU Referendum: Why ‘Brexit’ Matters to the GCC.’

  • “America First, Protectionism First”

    The Trump effect is a speculative bubble, and as with all bubbles, it will finally burst when investors realise that the new President is unable to keep his promises. Until now, the most visible immediate effect of his victory has been the rise in interest rates (+50 basis points on US 10-year bond yield since November 8th). Investors have already anticipated that Trump's economic policy will be inflationist. However, market complacency is unjustified in view of the protectionist policies reaffirmed by the new President in his inaugural speech ("We must protect our borders from the ravages of other countries making our products, stealing our companies and destroying our jobs"..."Buy American and hire American"). The return to reality could well be brutal for investors, as within a globalised world, protectionism will be economically costly for a country putting it into practice on a large scale.

  • A Star is Reborn Millennium & Copthorne Introduces The Biltmore Collection

    Millennium & Copthorne, Middle East and Africa today announced the introduction of The Biltmore Collection, a distinctive portfolio of unique luxury hotels that pay homage to the heritage, rich history and hallmark glamour of the original Biltmore Hotel Los Angeles. The brand will make its debut with the launch of Biltmore Tbilisi in Georgia this autumn closely followed by Bab Al Qasr in Abu Dhabi, with Biltmore Bateen Marina Abu Dhabi and Biltmore Riyadh, also scheduled to open over the next three years.

  • ABB equips luxury Dubai tower with building automation solutions

    ABB supplies Dubai’s latest, exclusive residential building, Volante Tower, with a full building automation system, controlling everything from public areas to individual living spaces, together with systems integrator customer Ultimate Solutions.

  • ABB expands Indonesia footprint withhigh-voltage switchgear unit

    ABB today inaugurated a new manufacturing facility for high-voltage switchgear in Tangerang, on the out- skirts of Indonesia’s capital, Jakarta. This is part of ABB’s continued footprint expansion in the country in- cluding the establishment of a new factory for medium-voltage products in 2015 at the same location.

  • ABB wins $30 million order to strengthen power infrastructure in Iraq

    ABB has won an order to supply and install a substation at the 3,000 megawatt (MW) Rumaila power plant, located in the Basra region of southern Iraq. The completed power plant will be operated by Shamara Holding Group (SHG), one of Iraq’s largest private industrial conglomerates and an independent power producer. The Rumaila power plant is expected to increase power generation capacity by about 20 percent and address acute shortages of electricity, hampering economic growth in the country. The order was booked in the second quarter of 2017.

  • Al Ghurair International Exchange Joins Hands with Western Union to Facilitate Remittances to Billions of Bank Accounts in 51 Countries

    Al Ghurair International Exchange, the UAE-based foreign exchange and worldwide Money Transfer Company, announced its reach to over billions of bank accounts by joining hands with Western Union’s  account payout service which connects cross border consumers and eases the account credit facility with its fast, secure,  reliable and vast  global reach.

  • Al Thani Global Investment Holding Appoints New Group CEO Dr. Abdulrahman Al Ansari

    Al Thani Global Investment Holding, a Qatar-based investment company, has announced Dr. Abdulrahman Al Ansari as the company's new Group Chief Executive Officer.

  • Anantara Siam Bangkok Announces New General Manager Leadership

    Anantara Hotels, Resorts & Spas is pleased to announce the appointment of Patrick Both as General Manager of Anantara Siam Bangkok Hotel. Patrick brings with him 21 years of diverse international hotelier experience, including over five years of noteworthy management positions for Anantara in the Maldives, Vietnam and the United Arab Emirates, where his most recent position was as General Manager at the award-winning Qasr Al Sarab Desert Resort by Anantara in Abu Dhabi.

  • Anantara Vilamoura Algarve Resort Launches in Portugal Bringing Authentic Luxury to Europe

    Making its debut into Europe, Anantara Hotels, Resorts & Spas is pleased to announce the launch of Anantara Vilamoura Algarve Resort, bringing the brand’s authentic luxury to southern Portugal’s picturesque Algarve coast. Nestled amongst orange grove trees and undulating wetlands, the resort brings to life Anantara’s ethos of connecting modern travellers with authentic destinations and ensures the brand’s signature Thai hospitality is paired with indigenous style and flavour.

  • Announcement Of The Invest In Mali Forum 2017

    The Invest in Mali Forum 2017, a major international event to promote Mali as a strategic location for business and investments in sub-Saharan Africa organised by the Mali Investment Promotion Agency (API-MALI) and supported by the World Bank will take place on December 7th and 8th 2017 in Bamako, Mali.

  • Asteco franchisees generate 43% Y-on-Y profit increase

    Asteco, the Middle East’s largest independent full service real estate company, has underscored the success of its licensing division as latest figures show a 43% growth in income between January and July 2017 compared to the same period last year.

  • AVANI Hotels & Resorts Appoints Alejandro Bernabé as Vice President of Operations

    AVANI Hotels & Resorts, Minor Hotels’ vibrant upscale lifestyle brand, is delighted to announce the appointment of Alejandro Bernabé as Vice President of Operations effective September 2017. Bernabé joined AVANI as Group Director in January this year. He reports directly to Robert Kunkler, Chief Operating Officer of Minor Hotels and is based at Minor Hotels regional office in Bangkok, which will further strengthen presence and resources in this key market.

  • AVANI to Debut in Mauritius with the Development of New Build Resort and Spa

    AVANI Hotels & Resorts is delighted to announce the development of its first hotel in Mauritius located along a stretch of the island’s unspoilt south coast. When it opens in 2021, the 150-key beachfront AVANI Bel-Ombre Mauritius Resort & Spa will offer the best of both worlds – stylish accommodation coupled with an untouched beach paradise.

  • Bosch Expands Partnership with Avaya to Support Next Generation Workplace Strategy

    Bosch Group, a leading global supplier of technology and services, announced the expansion of its partnership with Avaya to help support Bosch's digital transformation strategy across its global operations. Avaya Private Cloud Services (APCS) has signed a $60 million agreement with Bosch to provide a range of business communications solutions to 160,000 Bosch associates worldwide.

  • CENTARA HOTELS & RESORTS APPOINTS AVIAREPS AS ITS SALES PROMOTION REPRESENTATIVE IN THE MIDDLE EAST

    Centara Hotels & Resorts, Thailand’s leading hotel operator, recently appointed AVIAREPS to conduct the hospitality brand’s sales promotion activities within the Arabian Gulf countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. 

  • China Huayang Group Selects SkyPower as its Global Partner to Develop Solar Energy Projects Around the World

    SkyPower, the world's largest global developer of utility-scale solar energy projects, and China Huayang Economic and Trade Group Co., a Chinese state-owned company under the China Council for the Promotion of International Trade, announced today that it has entered into a world-class partnership together.

  • Construction begins at Viceroy Ombria in Algarve, Portugal

    Viceroy Hotel Group looks towards its long-anticipated European expansion as it breaks ground on Viceroy Ombria, set amidst Ombria Resort in Algarve, Portugal. With the foundation stone set on August 25, 2017, the luxury hotel operator is on schedule to make their entry into Europe with the launch of the five-star destination in southern Portugal in 2019.