Bounce CEO announces plan to triple regional presence in two years as it aims to be present in seven countries by 2020
Stories by Staff Writer
Address Hotels + Resorts
Emaar close to finishing major revamp of Address Dubai Mall
Final phase of project to renovate luxury hotel in Downtown Dubai approaching completion, says SSH
Dubai
Handover begins at $141m Dubai Marina waterfront project
Developer Select Group announces start of handover of 223 units at No.9 Dubai Marina
Dubai
UAE’s biggest Islamic bank lists $750m sukuk on Nasdaq Dubai
Dubai Islamic Bank is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $6bn
Air India
India’s domestic air passenger traffic up 18.6% in 2018
A total of 1.7 billion passengers flew domestically in India last year
Al Habtoor City
Marriott CEO Arne Sorenson’s relentless pursuit of growth
Despite growing pains as a result of a breakneck pace of growth, nothing will stand in the way of Marriott CEO Arne Sorenson’s resolve to create the greatest hospitality chain the world has ever seen
Abdulla Al Abdooli
Etisalat becomes first MidEast company to break $10b brand portfolio value
Etisalat’s portfolio includes brands such as Etisalat Misr, Mobily, Ufone, Maroc Telecom, PTCL and Etisalat Afghanistan
![“It’s a market I personally love, and we’re the largest operator in India, as much as it drives them [Taj] crazy,” said Sorenson.](https://www.arabianbusiness.com/wp-content/uploads/sites/3/cloud/2021/09/14/bFIideCW-Arne-Sorenson-1-800x600.jpg)
Al Habtoor City
Indian hotel chain brands have wrong strategy, says Marriot CEO
Arne Sorenson said he is confident the Marriott brand will continue to attract Indian guests more than any other hotel brand
d3 dubai
Malls should give local designers space, charge less rent, says Rami Al Ali
Rent fees should be in line with the size of the business, according to the fashion designer
Al Baik
Emirates, WhatsApp among most popular brands in Middle East
Samsung Galaxy and Apple lost prime spots to Chinese tech giant Huawei
Boeing 747
UAE denies reports of 747 touching down on Fujairah Corniche
The Boeing 747 was in Fujairah with the government’s knowledge before it is shipped to Bahrain
BookedHappy
Online travel agencies ‘taking advantage’ of hotels, says Dubai start-up
BookedHappy aims to bring some business back to hotels through direct bookings, says founder Charlotte Gossage
Abu Dhabi
Last minute penalty sends UAE soaring into Asian Cup quarter-finals
The UAE will face Australia in the quarter-finals after the Socceroos beat Uzbekistan in a shoot-out
Abdul Hakim bin Mohammed Bin Sulaiman Al-Tamimi
Saudi Arabia dismisses head of civil aviation
General Authority of Civil Aviation (GACA) president Abdul Hakim bin Mohammed Bin Sulaiman Al-Tamimi was appointed to the position in June 2017
Azizi Developments
Azizi Developments staff ‘clean-up’ led to healthier company, says CEO
Azizi Developments CEO Farhad Azizi said that many staff were shifted to self-sustaining companies and departments within the larger Azizi Group umbrella
Arab youth
Middle East youth aren’t hungry enough for success: Dubai Chamber chairman
Majid Saif Al Ghurair stressed the need for the private sector to collaborate with students in the bid to promote more youth to have more opportunities in the job market
Carlos Ghosn
Carlos Ghosn denied bail after personal appeals fail
Former Nissan boss Carlos Ghosn had pledged to wear to wear an electric tracker and be monitored in a bid to end his two-month custody period
Abdul Aziz Al Ghurair
Dubai’s Mashreq says 2018 net profit stable at $570m
Mashreq CEO, Abdul Aziz Al Ghurair, says 2018 ‘was a difficult year’ due to market fluctuations
Abu Dhabi
Pope Francis set to attract audience of 135,000 in Abu Dhabi
Preparations continue into historic event which will witness the meeting of two of the world’s most prominent religious leaders on February 4
IMF
IMF lowers growth forecast for Saudi Arabia
International Monetary Fund cites low oil prices and crude output along with rising geopolitical tensions for lowering Saudi growth forecast
Arabian Travel Market
Dubai’s Arabian Travel Market to add extra consumer day in 2019
Organisers of the annual Arabian Travel Market in Dubai have announced plans to host ATM Holiday Shopper
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Bahrain tourism
Middle East proves magnet as global tourists rise to 1.4bn in 2018
World Tourism Organization says increase was driven by travel to southern Europe, the Middle East and Africa
consumer complaint
Dubai receives over 32,600 consumer complaints in 2018
Department of Economic Development says 96% of complaints resolved within four working days last year
Dubai International Airport
Now your playlists can be waiting for you on Emirates flights
Emirates introduces new function on its app to allow passengers to create playlists ahead of their flight and sync it to their seats
Dubai
Dubai firm acquires rights to operate Emaar restaurant brands
Restaurant Secrets Inc says it has acquired the lease and operating rights of five restaurants from Emaar Hospitality Group
Dubai
Top Dubai broker targets Chinese real estate investors in 2019
fam Properties chief says he expects 50% of 2019 property sales to come from Chinese investors
Dubai
Revealed: 2019 dates for Dubai Food Festival
Dubai Food Festival will showcase the region’s culinary scene when it returns on February 21
Atlantis The Palm
Dubai Investments Park passes 5 million sq ft leasing milestone
Major names from a variety of industries chose DIP as their new home last year, says senior exec
Competition Commission of India
Gulf-backed SoftBank strikes deal with India-based logistics provider
SoftBank’s vision fund plans to make investments in Gurgaon-based Delhivery
Arabian Business StartUp
Dubai firm leads $500k investment into logistics platform WIMO
WIMO was founded in 2017, has offices in Dubai and Riyadh, and has regional expansion plans
Diversity
Diversity involves ‘designing products to local specifications’, says Miele Group boss
Excerpt from CEO Middle East’s Five Minute Interview with Miele Group’s Richard Zinkann
Expat Visa
UAE to accept long term visa applications from February 3
Two committees formed as part of the resolution will evaluate candidates for the visas, one for investors and the other for entrepreneurs, scientists and specialised talent
Abu Dhabi
India-based cruise line headed to UAE, Oman ports
Jalesh Cruises will offer shore excursions in Abu Dhabi, Dubai, Muscat and Ras Al Khaimah, according to media reports
clean energy
Deals worth $10.5bn reached at World Future Energy Summit
Among the deals was a winning tender from Masdar and France’s EDF to build a $500m wind farm in Saudi Arabia
Abraaj Group
Air Arabia lawsuit against Abraaj founder is ‘abuse of legal system’, says lawyer
Dr. Habib Al Mulla said the misdemeanour case filed by the airline is an attempt to exercise pressure in order to achieve gains it is not entitled to under the provisional liquidation proceedings
End of service benefits UAE
UAE residents depend on end-of-service gratuity for retirement, survey shows
A vast majority of people said they plan to continue working in some capacity after retirement
air travel
New Emirates baggage policies from February 4
Holders of ‘special’ or ‘saver’ tickets will see their checked baggage allowance reduced by 5 kg
Crown Prince of Dubai
Sheikh Hamdan to lead UAE’s Davos delegation
The theme of this year’s World Economic Forum in Davos is the opportunities and challenges of the Fourth Industrial Revolution
Brexit
Asking prices for London homes fall to 2015 lows
Asking prices in London fell 1.5 percent from December to $765,000
Carlos Ghosn
Carlos Ghosn promises to stay in Japan if freed on bail
Ousted Nissan boss Carlos Ghosn said he welcomes the subsequent trial as an opportunity to defend himself
Carlos Ghosn
Renault-Nissan integration not ‘on the table’, says French Finance Minister
French Finance Minister Bruno Le Maire was responding to a Nikkei report that the government is proposing to put the carmakers into a single holding company
E-commerce
Noon offering discount prices on refurbished tech gadgets
Refurbished products are being offered on noon for up to 60% off
18 karat gold
24k gold surges in GCC online search queries
Searches for the precious commodity have risen sharply since April 2018
Crescent Petroleum
Crescent Petroleum becomes sponsor of Abu Dhabi Special Olympics
As part of an agreement, the company will provide financial support, volunteers and specialised care workshops
Buses
Dubai’s RTA launches six new bus routes
The service frequency of the route between Ibn Battuta Metro Station and Al Maktoum International has also been reduced to 30 minutes
Dubai
‘If you want to be number one in the world, just be number one in India’
A softening market has seen a global dip in sales, but Malabar Gold & Diamonds says currency fluctuations have driven up investment in gold
AHIC
Almost $30bn in hotel construction contracts to be awarded by 2023
The UAE will account for more than a third of the total
5-star hotel
Waldorf Astoria DIFC to open in Spring 2019
The property offers views of the Dubai skyline from each one of its 275 rooms
Arab Fashion Council
Where have the fashion investors gone?
Celebrated fashion designer Rami Al Ali lifts the curtain on the Arab world’s dazzling fashion industry to expose a local sector thirsty for investors
Bahrain Tourism and Exhibitions Authority
Bahrain to open world’s largest underwater theme park
A submerged Boeing 747 will be the centrepiece of the 100,000 square-metre project
container terminal
‘Saudi Arabia will come back stronger than ever’ says King Abdullah Port boss
Strategic investing is catering to an imminent wave of growth that is “beginning to emerge” said CEO Rayan Qutub
egyptian footballer
Game changers: Liverpool FC
Liverpool Football Club CEO Peter Moore on how to keep fans tuned into the world’s favourite sport at a time when video games are luring away fans
Artificial intelligence
Opinion: Should robots be taxed?
The benefits of automation are bringing tremendous benefits both physically and economically
Dubai retail sector
World’s largest sports mall on track for Q1 2020 launch in Dubai
The overall construction of the Sport Society mall will be done by the end of this year
