International infrastructure and business services group Mouchel has appointed Leighton Greenland to lead the operational delivery of projects and client relationships for the UAE. “This is an exciting time for Mouchel in the Middle East and we are delighted that Leighton…
Month: April 2015
Big turnout expected at EIC meeting in Abu Dhabi
A big turnout is expected for the EIC Connect seminar and exhibition at the St Regis Hotel, Saadiyat Island in Abu Dhabi on 2 June organised by the Energy Industries Council (EIC) of the UK. The event will include contractor…
Legoland Water Park to come to Dubai
Dubai Parks & Resorts has agreed to work with Merlin Entertainments to build Legoland Water Park in Dubai. The park will have a wave pool, a raft river and an imagination station. This is the sixth attraction agreed by Dubai Parks…
Video: introduction to banking in the GCC
Expo 2020 launches procurement portal
Companies seeking opportunities in the World Expo 2020 can register with the Expo 2020 esourcing portal https://esource.expo2020dubai.ae.
UNB reports 20 per cent year-on-year growth in Q1
Abu Dhabi-based Union National Bank (UNB) recorded a net profit for equity-holders of AED 611 million in the first quarter of 2015, up 20 per cent on the figure recorded in the same period of 2014. Net interest income including…
Deloitte forecasts sustainable real estate trends and strong growth in hospitality in Dubai
Dubai’s real estate market will follow a more sustainable pattern in 2015 but the emirate’s hospitality industry will continue to boom this year, according to the first Real Estate Predictions report launched this week by Deloitte Financial Advisory. “Dubai’s property…
Middle East M&A deals hit $9.5bn in Q1
The value of announced merger and acquisitions (M&A) transactions with a Middle East involvement reached $9.5 billion in the first quarter of 2015, less than half the value registered during the previous quarter, but 152 per cent higher than in the…
Dubai residential prices to fall by up to 10 per cent in 2015: JLL
Activity in Dubai’s real estate market was subdued in the first quarter of 2015, according to a report released today by JLL. “The Dubai real estate market continued to experience subdued activity during the first quarter of the year. Residential…
Video: introduction to the GCC
This is a 20-minute video introduction to the economics and politics of the GCC.