Business

Arab Bank Group reports profits of $436 million for first half of 2018
July 31, 2018

Arab Bank Group reports profits of $436 million for first half of 2018

Arab Bank Group reported net income after tax for the six months period ended 30 June 2018 of $ 436 million compared to $415 million in prior period, recording a growth of 5%. The Group’s net income before tax grew by 6.4% to reach $582 million with net operating income reaching $ 668.5 million and recording a solid...

51
0
Like
3 weeks ago
First Central Hotel Suites Records  Strong Occupancy during the 1st Half of the Year
July 31, 2018

First Central Hotel Suites Records Strong Occupancy during the 1st Half of the Year

With a year-to-date average occupancy of 81%, First Central Hotel Suites has enjoyed a robust first half of 2018. The hotel achieved 3% higher occupancy compared to the average percentage of its competitive set.   Wael El Behi, General Manager of First Central Hotel Suites, said, “Our property has been one of the best...

34
0
Like
3 weeks ago
Bank Audi Consolidated Activity Highlights as at End-June 2018
July 31, 2018

Bank Audi Consolidated Activity Highlights as at End-June 2018

While Lebanon has witnessed in the first half of the year the early adoption of a 2018 public budget regularizing the state’s accounts and a number of successful international support conferences as well as the achievement of the parliamentary elections, the country’s economy remains subdued. Meanwhile, amid a slight...

28
0
Like
3 weeks ago
Panasonic’s new water dispensers to add luxury to the modern Middle Eastern kitchens
July 30, 2018

Panasonic’s new water dispensers to add luxury to the modern Middle Eastern kitchens

Panasonic to reinvent the contemporary Middle Eastern kitchens with the introduction of new water dispensers that combine cutting edge innovation with stylishly elegant look.  Designed in statement-making black and metal finish, Panasonic’s water dispensers break the monotony of the plain white plastic design of common water...

43
0
Like
3 weeks ago
Brick-and-mortar stores will still play key role in the region’s future retail landscape
July 30, 2018

Brick-and-mortar stores will still play key role in the region’s future retail landscape

With the proliferation of smartphones and expanding internet connectivity across the region, the popularity of online shopping continues to surge.  Experts however agree that despite the growing success of e-commerce, the traditional retail market will remain a constant and that there is still a huge room for growth and...

43
0
Like
3 weeks ago
Central Hotels Announce Appointment of  General Manager at Royal Central Hotel The Palm
July 29, 2018

Central Hotels Announce Appointment of General Manager at Royal Central Hotel The Palm

Central Hotels has appointed Mohamed Hassan Youssef as the General Manager for the luxurious Royal Central Hotel The Palm.  Mohamed is a seasoned hotelier with over 20 years’ experience in the industry, including 9 years in the UAE working with a number of leading brands within the region. Ammar Kannan, Group General...

30
0
Like
3 weeks ago
Millennium Airport Hotel Dubai  Is ‘Loved by Guests’ on Hotels.com™
July 29, 2018

Millennium Airport Hotel Dubai Is ‘Loved by Guests’ on Hotels.com™

For two consecutive years, Millennium Airport Hotel Dubai has been awarded with a ‘Loved by Guests’ Certificate from Hotels.com based on exceptional guest ratings and reviews.  The hotel General Manager, Mr. Simon Moore and Revenue Manager, Mr. Flynn Pinto welcomed the Hotels.com team and accepted the award last 10th...

37
0
Like
3 weeks ago
Ajman reveals positive impact and benefits to be gained from decision to exempt businesses with expired licences from stiff fines and penalties
July 29, 2018

Ajman reveals positive impact and benefits to be gained from decision to exempt businesses with expired licences from stiff fines and penalties

The Department of Economic Development – Ajman (DED-Ajman) has revealed that the recent Emiri resolution No. (16) of 2018 issued in May 2018 by His Highness (H.H.) Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council, to exempt local businesses with expired business licences...

27
0
Like
3 weeks ago
LGB BANK wins Trade Finance Excellence Award
July 28, 2018

LGB BANK wins Trade Finance Excellence Award

LGB BANK, Lebanon’s leading Bank, has won the Excellence Award in Trade Finance from the World Union of Arab Bankers (WUAB). LGB BANK received the Award during the 4th annual ceremony for Arab banking excellence and achievement which was held at the Ambassadors’ Hall at the Casino du Liban amidst the presence of a large...

41
0
Like
3 weeks ago
More than 20,000 businesses in UAE shift base from manual to digital accounting thanks to mandatory VAT returns submissions
July 28, 2018

More than 20,000 businesses in UAE shift base from manual to digital accounting thanks to mandatory VAT returns submissions

Since the launch of Value Added Tax (VAT), more than 20,000 small businesses in the UAE have shifted from manual to digital accounting following the mandate issued by UAE government to submit tax returns online. “Digital accounting has become imperative for countries worldwide. It not only facilitates operational and cost...

28
0
Like
3 weeks ago
Do NOT follow this link or you will be banned from the site!