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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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GCC IPOs witnessed in 2016 were the lowest registered in the last decade as a result of declining oil prices and heightened economic uncertainty. (Shutterstock)
April 23rd, 2017 - 11:11 GMT

Could 2017 be the year of GCC IPOs?

There are about 60 Turkish companies working in Qatar, participating in 35 projects with a turnover of about $14 billion at the end of 2016. (AFP/ Marwan Naamani)
April 23rd, 2017 - 10:35 GMT

Turkey eyes further investments in Qatar ahead of 2022 World Cup

Rixos Premium Dubai distinctly stands out as the city's premier urban lifestyle resort.
April 23rd, 2017 - 09:47 GMT

Rixos Hotels to showcase its new flagship hotel at the Arabian Travel Market 2017

Fahaheel 2nd branch opening
April 23rd, 2017 - 09:35 GMT

Burgan Bank marks 2nd branch opening in Fahaheel Residential Area today

IHG’s data reporting shows that its business from Chinese travellers to the Middle East has jumped by 13.31% from 2015 to 2016.
April 23rd, 2017 - 09:26 GMT

IHG: Chinese and Indian travellers continue to rise in the UAE

Not being a producer of oil, Ras Al Khaimah has focused on developing its industrial sector, particularly mining and exporting iron ore. (AFP/ Christian Sprogoe)
April 23rd, 2017 - 09:17 GMT

Ras Al Khaimah sees growth in foreign trade in 2016: Report

The CEO of Jannah Hotels and Resorts, Nehme Imad Darwiche
April 23rd, 2017 - 09:01 GMT

Jannah Hotels and Resorts announce 5-in-1 mixed development Jannah Ras Al Khor Sharjah at ATM 2017

Prague
April 23rd, 2017 - 08:52 GMT

flydubai brings Holidays Division to the Arabian Travel Market

Saadiyat Rotana Resort & Villas - Abu Dhabi
April 23rd, 2017 - 08:43 GMT

Rotana to showcase its upcoming properties at ATM 2017

Participants learned about the basic principles, concepts, definitions, and methods of quality management and improvement.
April 23rd, 2017 - 08:36 GMT

HMC conducts year-long quality management workshops for its CEOs and Senior leaders

Golfotel, the only premium 5-tower hotel property surrounded by a golf course in Dubai.
April 23rd, 2017 - 08:20 GMT

DAMAC Properties launches Golfotel to target Dubai’s Growing Golf Tourism Market

Yousuf Al Hashemi, Director of Jebel Ali Customs Center
April 23rd, 2017 - 07:51 GMT

Jebel Ali Customs Center: 237,716 containers inspected, 348 seizures recorded in 2016

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