May 25, 2018 | English | عربي
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Hilton to remove plastic straws from all hotels
May 24, 2018

Hospitality giant Hilton has announced that it will remove plastic straws from its 650 managed properties by the end of 2018.

The group also revealed its new"...

Esco, Philips unit partner for energy solutions
May 24, 2018

Shaker Group’s Energy Services Company (Esco), a leader in energy efficiency solutions, has signed an agreement with Signify, the new company name of Philips Lighting,"...


May 24, 2018

Equitativa, the largest REIT (real estate investment trust) manager in the GCC, said its property operating income for the first quarter hit Dh48.6 million ($13.2 million), up 23 per cent over last year, thus reflecting its active management and selective approach to asset acquisitions.

A major player in the region, Equitativa is also the manager of Emirates REIT, the world’s largest shari’a compliant REIT and the first such reaal estate trust listed on Nasdaq Dubai.

Announcing the financial results for Emirates REIT in the first three months, Equitativa said it has registered a strong Ebitda growth of 21"...

May 24, 2018

More than 60 per cent of banks have implemented or are in the process of implementing technology solutions to digitalise their trade finance operations, according to a new study.

However, only 9 per cent of banks reported that the solutions implemented have so far led to a reduction of time and costs in trade finance transactions, said the International Chamber of Commerce (ICC) report “Global Trade: Securing Future Growth”.

In what the report describes as a “reality check”,"...

May 24, 2018

The largest Palestinian refugee camp in Syria has been destroyed and fled by its inhabitants due to fighting that has persisted more than a month, the United Nations Secretary-General’s Spokesman Stéphane Dujarric said Monday in a press briefing.

“The Yarmouk camp in Damascus lies today in ruins, with hardly a single building that has not been destroyed or damaged. The fighting has been particularly intense in the last month or more. Almost all the Palestine refugees who were there have now fled,” Dujarric said, renewing his appeal for funding"...

May 24, 2018

Turkey’s $26 billion tourism industry has been battered by security fears and political disputes in recent years but one corner of the market is quietly growing - beach holidays for conservative Muslims.

Dozens of hotels and resorts on Turkey’s shores, featuring separate pools and beaches for men and women to meet religious strictures on modesty, are attracting families from Turkey, the Middle East and Muslim communities in the West.

While still only accounting for a small fraction"...

May 24, 2018

Oil prices fell on Thursday on expectations that OPEC members will step up production in the face of worries over supply from both Venezuela and Iran.

A surprise build up in crude oil inventories in the United States also weighed on prices, driving the spread between Brent crude and U.S. West Texas Intermediate (WTI) close to its widest in three years. CL-LCO1=R

International benchmark Brent LCOc1 futures were down 27 cents, or 0.34 percent, at $79.53 per barrel at 0300 GMT.