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Dubai bank acquires Amazon's new logistics centre

Dubai investment bank Rasmala has acquired  two logistics facilities in Germany for $185 million (€154 million), including Amazon’s major new logistics centre in Dortmund. The Amazon centre, which spans 88,000 sq.m, was acquired for $145 million. Rasmala simultaneously acquired a second facility, a $40 million (€33 million) logistics centre let …

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Yemen's army takes control of area northeast of Mokha

Author:  ARAB NEWS Mon, 2018-01-22 16:15 ID:  1516616161780792600 DUBAI: The Yemeni army takes control of al-Qadihah area and villages of Mashqar and al-Qawadir northeast of Mokha, according to Saudi Arabia’s state-run news channel Al-Ekhabirya. (Developing) Main category:  Breaking news Middle-East Tags:  Yemen related_nodes:  Yemeni army dismantles scores of explosives in …

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Yas Mall extends sales until Jan 31

Yas Mall, the largest mall in Abu Dhabi, has announced it will extend its sale for an extra five days, until January 31. The sale will have further reductions across all segments including fashion & accessories, sports, electronics and home furnishing. It includes brands such as Debenhams, Centrepoint, The One, …

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S&P sees Sharjah GDP growth averaging 2% until 2021

Growth in construction, tourism, and manufacturing and expectation of budget deficit reductions prompt ratings agency to reaffirm a stable outlook S&P global cut Sharjah’s outlook to a BBB+/Stable/A-2 rating last year owing to a build-up in government caused by growing government budget deficits. Sharjah’s economy is poised to record …

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