Business Blog

Dubai headquartered Deyaar Development has had a boost in its first quarter results with net profits of AED 52.1 million, a 168% increase from the AED 19.4 million in the same period last year.

Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), headed the fifth board of directors meeting of Jeddah Economic Company (JEC) in Riyadh with the board members.

Dubai Investments Park (DIP), a subsidiary of Dubai Investments, is witnessing huge demand for its labour and staff accommodation facilities due to the heightened construction activity in the emirate.

With the pick-up in construction projects and growth in the services sector, Dubai Investments Park is seeing demand for its labour and staff accommodation facilities. The community’s proximity to the Expo 2020 site is also fuelling the demand for the complex.

A delegation led by the Dubai Department of Tourism and Commerce Marketing (DTCM) travelled to Cape Town, South Africa on Wednesday to increase awareness of Dubai’s destination offering in the African market during the World Travel Market (WTM), according to a statement.

(Fixes typo in dateline)DUBAI, May 1 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-China PMI underwhelms, markets resilientMKTS/GLOB* Oil finishes above $108 after trading lower on fundamentals O/R* Gold stifled by US growth optimism; fu