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Sony expects MEA revenues to cross $2.2b

Dubai: Japanese giant Sony expects revenues to cross $2.2 billion this fiscal year (April-March) from the Middle East and Africa compared to $2 billion last year, mainly fuelled by strong growth in mobile phone and digital imaging divisions, said a top official.

“In some countries, Sony is losing money but the region is a strong contributor to the


UAE indices stage strong recovery

Dubai: Dubai’s DFM index halted a two-day decline as bargain hunters are back in full force. The index closed 0.16 per cent at 1615.59 points.

Among the gainers, Dartakaful rose 3.21 per cent to close at Dh0.578, followed by Du by 2.97 per cent to Dh3.82 and DP World by 2.46 per cent to $12.50.

Among the losers, Al Madina fell


Rising costs of building materials

Dubai: While local companies are anticipating a rise in building materials costs over the next year, their counterparts in Iran are already experiencing a hike of up to 30 per cent under the pressure of trade sanctions.

Cement prices have increased by 20 to 30 per cent in Iran this year compared to the year before, said Ramezan


Dubai to have representative office in Kurdistan

Dubai: Dubai Chamber will set up representative office in Iraq’s Kurdistan next year as part of its strategic plan to boost businesses between the two cities, Abdul Rahman Saif Al Ghurair, Chairman Dubai Chamber of Commerce and Industry, announced on Tuesday.

Calling upon Dubai businesses to invest in such a potential market, he said: “The new o


Etihad Airways touches down at WTM

Abu Dhabi: Etihad Airways will have a championship-winning theme to its stand (ME350) at this year’s World Travel Market (WTM).

The airline, which sponsors Barclays Premier League winners Manchester City and Aviva Premiership winners Harlequins, will be displaying both championship trophies on its stand.

There will also be a special guest appearance


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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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