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BUSINESS

BUSINESS latest

Renaissance Services acquires Socat as part of new growth strategy
April 14th, 2026 - 11:21 GMT

Renaissance Services acquires Socat as part of new growth strategy

Renaissance Services , Oman’s leading integrated facilities management (IFM) and accommodation solutions company, has announced the completion of its acquisition of Socat LLC, the Omani arm of the French multinational Sodexo, as part of a strategic growth initiative. The acquisition further consolidates Renaissance’s market leadership and expands its service capabilities across the Sultanate. Socat’s client base includes commercial and institutional facilities, and this strategic acquisition enhances Renaissance’s operational footprint and adds new value-based facility management (FM) capabilities to the Company’s portfolio. Speaking on the occasion, Samir J Fancy, Chairman of ...
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Spending in the UAE has registered steady growth over the past four years, with a focus on the quality of life rather than on luxury or lifestyle. (Shutterstock)
May 21st, 2018 - 08:37 GMT

UAE Residents Spend Most of Their Income on This Category

Implementation of VAT in the Gulf region will continue to boost the demand for VAT experienced professionals. (Shutterstock)
May 21st, 2018 - 08:33 GMT

Jobs in UAE: These Professionals Are in High Demand in 2018

The ‘Zayed Ramadan Competition’ is now in its eighth annual edition and this year’s challenge is designed for children to express their support and love of the ‘Sheikh Zayed’ initiative.
May 21st, 2018 - 08:28 GMT

Wasl Properties Launches ‘Zayed Ramadan Competition’

A group of employees at Az-Zour North One Power and Water Plant.
May 21st, 2018 - 08:14 GMT

Shamal Az-Zour Al-Oula Logs One Million Manhours Without a Lost Time Accident

Graham Nichols, Managing Director of Amadeus Gulf , Tariq Al Gurg, Chief Executive Officer at Dubai Cares
May 21st, 2018 - 08:05 GMT

Amadeus Gulf Partners With Dubai Cares in Support of Providing Access to Quality Education in Senegal

Geopolitical shocks have been a recurrent theme in the international oil market. (Shutterstock)
May 21st, 2018 - 07:52 GMT

Is the Oil Market About to Endure a Rough Ride?

The Kona takes these premium values into the sub-compact B-segment, optimized as part of a sporty and active urban lifestyle.
May 21st, 2018 - 07:48 GMT

Hyundai Ready to Write Next Chapter in Its SUV Success Story

The Haramain high-speed rail link is among the Saudi infrastructure projects catching the attention of international investors. (AN)
May 21st, 2018 - 07:44 GMT

Could Saudi Arabia Become the China of the Middle East?

Because Bitcoin is decentralized, there’s no way to know exactly how much power it uses. (Shutterstock)
May 21st, 2018 - 07:38 GMT

Bitcoin’s Massive Power Usage Explained in New Analysis

Investors can have 100 per cent ownership of their companies in the country. (Twitter)
May 21st, 2018 - 07:34 GMT

UAE Allows 100 Percent foreign Ownership of Businesses

Sean G. Kaufman, a US-based expert and trainer in behavioral sciences, visited WCM-Q to speak to local healthcare professionals about strategies for containing infectious diseases.
May 21st, 2018 - 06:57 GMT

WCM-Q Seminar Explains Strategies for Containing Infectious Disease

Last month, Volvo Cars reinforced its electrification strategy, by stating that it aims for fully electric cars to make up 50 per cent of its global sales by 2025.
May 21st, 2018 - 06:57 GMT

Volvo Cars to Eliminate Diesel From the New S60 Sedan

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