Business Blog

Upbeat economy stokes F&B sector’s fortunes

Dubai’s F&B sector does know a thing or two about mixing it up. Taking on some of the best elements in retail and hospitality, two of the standout sectors in the local economy, and adding some of its own flavours, the food and beverage industry is cooking up a growth story.

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Ericsson emphasizes responsible business as key to sustainability

Responsible business approach strengthened within human rights and sales compliance is crucial for sustainability, Ericsson emphasized in its "21st Sustainability and Corporate Responsibility" report summarizing its performance during 2013.

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Jeddah, Riyadh, Madinah hotel occupancy expands

In Saudi Arabia, Jeddah witnessed an 8.8 percent expansion in hotel rooms' yield to USD207 on a 6.7 percent growth in average room rate to USD266 and 1 percent in occupancy to 77 percent, during the first four months of this year.

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'Emaar Square' launched in Jeddah Gate

Emaar Middle East, the developer of iconic projects in Saudi Arabia, has unveiled the most prestigious commercial real estate development in Jeddah that brings unmatched value for businesses seeking to set up or expand their operations to the next level in the Kingdom.

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Makkah residents get passports, iqamas by post

Saudi Post started delivering passports of Saudi nationals and iqamas (residency permits) of expatriates at the recipients' postal addresses in Makkah and Taif.

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UPDATE 1-MIDEAST STOCKS - Factors to watch - June 24

(Adds UAE&aposs Arabtec story)DUBAI, June 24 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch of their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares muted, currencies in well-worn ranges MKTS/GLOB* Brent crude falls again as Iraq supply fears ease O/R* Gold rises on Iraq, S&P drop; p
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