‘Dubai Business’ Archives
University of Dubai tops in world business simulation game
Dubai: University of Dubai (UD), an academic institution established by the Dubai Chamber, recently clinched the top 4 percent of scores from 2,551 worldwide teams participating at the business simulation game (also known as Strategic Management). Every semester, over 350 leading international universities participate in this business [...]
Dubai’s battle of the bling hotels
THEY partied like it was 2007. Giorgio Armani flew in with half the blonde models in Ukraine. Guests wore couture dresses that cost up to £60,000. There was Bollinger on tap. The event? The opening last week of the first Armani hotel. The location? Don’t laugh — Dubai. No matter how mired in debt you may be, if you have spent £1billion [...]
Simon Tambling: in over his head and right at home
We are often advised to work at what we love, but what if a business rekindles a lost passion? Take Simon Tambling, the managing partner of Al Boom Diving, a sports diving business in Dubai. The son of a peripatetic builder who erected UK government post offices in tropical backwaters, Mr Tambling caught the diving bug at the age of 10, [...]
DIC ire at Almatis Chapter 11 filing
Almatis, Dubai International Capital's debt-laden alumina business, has filed for bankruptcy protection in the US in an attempt to implement a pre-packaged restructuring that would see it taken over by Oaktree Capital. The Chapter 11 filing yesterday morning, is the latest twist in an intensifying battle between the company's lenders and [...]
The prominent designer, Giorgio Armani has stepped into the world of Hotel Business
The prominent designer, Giorgio Armani has stepped into the world of Hotel Business … as he opened his first hotel at the Burj Khalifa in Dubai. His business venture, which opened on Tuesday, has given a boost to the region's bid to recover from its debt crisis. The Hotel doesn't fail to bring Armani's trademark minimalist style, as the [...]
OMERS nears agreement on Dubai World’s Inchcape shipping business
Canada pension fund the Ontario Municipal Employees Retirement System (OMERS) is nearing an agreement on the purchase of Inchcape Shipping Services, the marine management services company owned by the private equity arm of troubled state investor Dubai World, according to the Financial Times. The deal would be the first OMERS has carried out [...]
DED organises specialised workshops for 2010 cycle of Dubai Quality Award
The Business Excellence Centre at the Department of Economic Development (DED) conducted two self-assessment workshops for companies that are potential participants in the 2010 cycle of the Dubai Quality Award (DQA). The workshops focused on conducting self-assessment of companies and the logistics involved in preparing a well-organized award [...]
Armani and art restore glitz in Dubai
Forging new frontiers is nothing new for Giorgio Armani. But even the renowned fashion designer must have been relieved when he took the applause on Tuesday night at the end of a fashion show to open the Armani Dubai hotel. The event was the realisation of a five-year plan to launch a chain of branded hotels with Emaar, the region's largest [...]
PHOTOS: Burj Khalifa The tallest Building in the world opens for business with new hotel
Burj Khalifa is the tallest building in the world. It is 160 stories tall and can found in the Dubai, United Arab Emirates. The Building has been completed since January but there have been no tenants as the economy has caused major hardships around the world. That changed today with the opening of the 160 room hotel by Giorgio Armani. The [...]
Abu Dhabi Commercial First-Quarter Profit Drops 36% (Update2)
Abu Dhabi Commercial Bank PJSC, the third-largest bank in the United Arab Emirates by assets, said first-quarter profit fell 36 percent as it increased provisions for losses on loans. “We have re-priced a large percentage of our existing portfolio upward and we are managing things in a better way so our actual cost of funds is dropping,” [...]
