markets

Emaar Group boosts Africa expansion

Emaar Hospitality Group, the hospitality and leisure business of global property developer Emaar Properties, has further strengthened its global footprint, particularly in the fast-growing markets of Africa, with a new management contract to operate a uniquely designed resort near the world-famous Masai Mara in Kenya.

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Dubai Trade, GDRFA sign agreement

Dubai Trade, the premier cross-border trade facilitator under Dubai World, has signed a memorandum of understanding (MoU) with the General Directorate of Residency and Foreigners Affairs (GDRFA) which will bring about major enhancements to the processing of entry and exit permits for vessels and their crews for the benefit of both, the GDRFA and the trading community.

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markets

Al Habtoor revamps senior team

The chairman of Al Habtoor Group, or AHG, Khalaf Al Habtoor, announced on Wednesday key changes to his senior management team as part of ongoing improvements ahead of the group’s proposed Initial Public Offering (IPO).

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markets

Copper rises on China demand hopes

LONDON - Copper rose on Thursday on prospects that demand from top copper consumer China could recover by year-end, though an upcoming holiday in China and persistent concerns about Europe’s debt crisis kept gains in check.

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markets

Greek coalition has ‘basic agreement’ on austerity

ATHENS, Greece — After weeks of fruitless efforts, the heads of the three parties in Greece’s governing coalition have struck a basic deal on a new round of harsh austerity measures required for the country to continue getting vital rescue loans, officials said Thursday.

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