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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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Movenpick Brocary
April 24th, 2017 - 09:07 GMT

Unforgettable family memories are at the heart of Mövenpick Hotels & Resorts’ new global programme

Last year, thousands of migrant workers in Saudi Arabia were stuck without a job or pay. The issue was particularly felt in construction companies such as Saudi Oger and Saudi Binladin. (AFP/ File)
April 24th, 2017 - 08:41 GMT

No more working for free in Saudi: New bank account plan launched for domestic workers

The MAC was signed by HE Maadhad Hareb Mughair Al Khaili, UAE Ambassador to the Republic of France, in the presence of Mr. Rintaro Tamaki, Deputy Secretary-General of the OECD, and representatives from MoF and OECD.
April 24th, 2017 - 08:27 GMT

UAE signs Agreement on Mutual Administrative Assistance in Tax Matters (MAC)

Samsung formally debuted the cinema LED screen at a series of preview demonstrations at the Cinemark Century Orleans 18 and XD Theatre.
April 24th, 2017 - 08:12 GMT

Samsung Electronics premieres the theater of the future with new Cinema Screen technology

Hilton has the largest active pipeline in the GCC both in terms of the number of rooms and properties in construction. (Hilton)
April 24th, 2017 - 07:28 GMT

Hilton powers GCC hotel expansion

Dan Schiappa, General Manager and Senior Vice President for Enduser Security at Sophos
April 24th, 2017 - 06:48 GMT

Sophos boosts server protection products with next-gen anti-ransomware CryptoGuard Technology

Badar Al-Hashmi the new Chief Audit Executive
April 24th, 2017 - 06:25 GMT

Ooredoo appoints new Chief Audit Executive

This year’s festivities focused on cleaner and greener ways to live on a day-to-day basis
April 24th, 2017 - 05:53 GMT

AUC celebrates Earth Week

Qatar Foundatio
April 24th, 2017 - 05:16 GMT

Qatar Foundation International and the Education Development provide professional learning opportunities to teachers of Arabic in Qatar

The French private equity firm will invest $1.75 billion to acquire a majority stake in an existing $2.5 billion Mubadala equity portfolio (AFP/ File)
April 24th, 2017 - 05:00 GMT

Abu Dhabi's Mubadala concedes majority stake in $2.5B equity portfolio to French firm

In April 2017, Tunisia announced a new investment law that aims to ensure equity between domestic and foreign investors. (File photo)
April 23rd, 2017 - 07:00 GMT

Tunisia's FDI up 16.6 percent in first quarter of 2017

The cost of renting an accommodation in Dubai is among the highest in the world, knocking off rents in Zurich, which has a reputation for having high living costs, as well as in London, Miami, Tokyo, Amsterdam, Paris and Melbourne. (Pexels)
April 23rd, 2017 - 05:01 GMT

What should your salary be to afford to live in Dubai?

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