Emaar chairman Mohamed Alabbar reveals 2020 hotel expansion plans

Emaar Hospitality Group has continued its ambitious growth strategy with the official opening of the iconic Address Sky View, in Downtown Dubai. The company opened Vida Emirates Hills, Vida Creek Harbour and Address Fountain Views in 2019. And Emaar chairman Mohamed Alabbar told guests at the opening ceremony of the Address Sky View, the company...

Emirates signs deal to expand reach in key Chinese tourism market

Emirates on Wednesday announced that it has signed a memorandum of understanding (MoU) with Trip.com Group, a one-stop travel service provider based in China. The agreement was signed in Shanghai by executives of both companies, allowing the airline to expand its reach in the Chinese market. The mutual cooperation includes joint marketing promot...

London will use live facial recognition cameras to police the city

London's Metropolitan Police has announced controversial plans to use live facial recognition technology to improve officers' ability to identify suspects and police the British capital. The Met said in a statement Friday the technology will be deployed to places where data indicates people responsible for serious and violent crimes, such as gun...

Workplaces turn more welcoming for AI

Contrary to common fears around how artificial intelligence (AI) will impact jobs, employees, managers and HR leaders in the UAE are welcoming AI in the workplace with love and optimism. A study of 8,370 employees, managers and HR leaders across 10 countries found that...

Kuwait's KFH says AUB merger to create $101bn banking giant

Kuwait Finance House has confirmed its intention to buy Bahrain’s Ahli United Bank following its ordinary and extraordinary general assembly meeting. The combined entity will potentially become the Gulf’s sixth-biggest lender with $101 billion in assets. Kuwait Finance House chairman, Hamad Abdulmohsen Al-Marzouq, said the Central Bank of Ku...

Dubai's Fajr Capital sells stake in Brunei's largest bank

Dubai-based Fajr Capital has announced the sale of its significant minority stake in Bank Islam Brunei Darussalam (BIBD), Brunei’s largest bank, to Brunei Investment Agency. Fajr Capital invested in BIBD in September 2010 with a commitment to transform the bank into a world-class financial services institution. Fajr Capital said it has worked ...

Tesco to ditch plastic-wrap for multipack tins

Tesco is removing plastic wrapping from its multipack tins in an effort to cut down on waste. The supermarket giant says it will remove 350 tonnes of plastic a year from the environment. Britain's biggest supermarket is working with the likes of Heinz and Green Giant to replace plastic-wrapped multipacks with multi-buy deals. Tesco said the move...

Sunset Hospitality Group plans to open ten new outlets across GCC this year.

Sunset Hospitality Group has revealed an 18 percent increase in revenue growth for 2019.The group finished the year with 19 outlets, which included the launch of Mood Rooftop Lounge and Sweet Chick as well as openings in the United Kingdom and Saudi Arabia. Plans for 2020 involve the opening of more than 10 new outlets in the ...

Saudi-Led Investor Group Said in Talks to Buy Newcastle United

A Saudi Arabia-led investor group is in talks to buy Newcastle United, the Premier League soccer team owned by British billionaire Mike Ashley, for about 340 million pounds ($445 million).Ashley has been struggling to offload the team in recent years and it was unclear whether he would accept the offer, the person said. Saudi Arabia’s Public I...

Dubai Bank Goes After Debt-Laden Al Jaber’s Land in Finance Hub

Emirates NBD PJSC is seeking to seize or sell the undeveloped land in the Dubai International Financial Centre after becoming frustrated by the pace of assets sales under Al Jaber’s debt restructuring, according to people familiar with the matter and an enforcement letter sent by the bank. The land which is worth about $70 million was used as ...

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