Privatisation sales, IPOs lagging behind M&A activity in region – report
A report from Hogan Lovells found that GDP growth has not led to an improved environment for the GCC private sector Source: Arabian Business Industry News (ITP.NET)
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Over 164m active Facebook users in the Middle East, study shows
A new study found that Egypt remains the largest market for Facebook in the region, with 24 million daily users Source: Arabian Business Industry News (ITP.NET)
Dubai's dnata increases ownership in JV companies
dnata buys 50% stake in Dubai Express, Freightworks and a 25.5% stake in Bollore Logistics, UAE from Kanoo Group Source: Arabian Business Industry News (ITP.NET)
Palm Jumeirah apartment prices fall 9.5% during 2018
New research also says capital values across Dubai Marina and Jumeirah Lake Towers dropped by 5-7% Source: Arabian Business Industry News (ITP.NET)
UAE's ADNOC awards $1.36bn contract to build artificial islands
National Marine Dredging Company will build islands in first phase of development of the Ghasha oil and gas concession Source: Arabian Business Industry News (ITP.NET)
Saudi Arabia identifies five caves for ecotourism drive
Saudi Geological Survey reportedly plans to launch the projects as part of the Saudi Arabia’s Vision 2030 initiative Source: Arabian Business Industry News (ITP.NET)
How Dubai motorists can now avoid paying their traffic fines
Dubai Police announces new initiative to offer discounts on traffic fines related to good behaviour Source: Arabian Business Industry News (ITP.NET)
Dubai retailer unveils plan for Umm Al Quwain mall, homes
Umm Al Quwain Coop Project, which will be managed by Union Coop, is expected to be completed in October 2020 Source: Arabian Business Industry News (ITP.NET)
Pope Francis departs, with message for UAE President
Head of the Catholic Church completes three-day visit to Abu Dhabi, the first to the Gulf region Source: Arabian Business Industry News (ITP.NET)
Dubai royal backs cryptocurrency fund manager Invao
Emirates Group chairman Sheikh Ahmed bin Saeed Al Maktoum to support Invao as it seeks investors in the UAE Source: Arabian Business Industry News (ITP.NET)