Business Blog

Qatar's office rentals witnessed higher rates across locations during the first quarter of 2014. Within the residential market, the rental rates increased 2-4 percent quarter-on-quarter (QoQ); sales market performed well and mortgage inquires rose considerably during the period, a GCC real estate quarterly report yesterday noted.

Business Development Manager Sameh El Mallah said Intel is aiming boosting its IT products portfolio in cooperation with Arab Organization for Industrialization(AOI), Al Kharafi and Banha Company for Electronic Industries.

Vice President Commercial of Egyptian Company for Mobile Services (Mobinil) Ashraf Halim asserted that the mobile phone operators won't compete Telecom Egypt (TE) after obtaining the integrated licence for reducing the calls prices and providing new package of discount and low-prices on services.

The General Directorate of Foreigners and Residents Affairs (GDFRA) Dubai has launched a new smart phone application that can help UAE nationals, residents and companies to avail of a number of services without visiting the immigration office.

After rising by the most in the world for a year, prices of Dubai's prime residential property grew by just 1 per cent quarter-on-quarter in the first three months of 2014.

Dubai developer Nakheel will repay all AED 7.9 billion owed to bank lenders with an early repayment in August 2014, nearly four years before the final loan instalment due in March 2018, the company reported in a media statement.