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    Wyndham Hotel Group expands presence in ME

    Hospitality giant Wyndham Hotel Group has continued to expand its footprint across Europe, the Middle East, Africa and Eurasia (EMEA) with a number of significant openings throughout 2017, bringing the total number of hotels across the region to more than 470.

    Last year Wyndham Hotel Group reached key milestones within the Middle East, including the company’s first hotel in Kuwait and nine new openings in Turkey, where Wyndham Hotel Group is now the largest hotel company.

    Wyndham Hotel Group’s commitment to the region was also"...

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    Emirates NBD AM posts 10pc growth in 2017January 18, 2018

    Emirates NBD Asset Management (AM) has announced that the value of its assets under management (AUM) grew 10 per cent in 2017 to $ 4.8 billion.

    The firm recorded nflows of over $1 billion in segregated mandates from top tier clients across the region. Among the funds, greatest asset growth was achieved by the Emirates Global Sukuk Fund, which grew by 62 per cent, while the Emirates Mena Fixed Income Fund grew by 31 per cent, reaching $194 million.

    In addition to strong inflows across the portfolio, Emirates NBD Asset Management’s multi-asset funds delivered stellar performances. The Emirates Active Managed Fund delivered returns of 18.50 per cent, while the Emirates Balanced Managed Fund"...

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    Hot Stuff: How to look like a French girlJanuary 18, 2018

    I try and live by a very French-girl philosophy. Less is more. Natural is good. And of course, eat Brie cheese whenever you can. But no, seriously, I love their easy and effortless style and their simple and straightforward way of life. The French always inspired me. Around three years ago I stopped wearing makeup, overhauled my closet, got rid of fast fashion, stuck to simple pieces that will forever be stylish, and gave my hair a break from the heat. Here are some important pieces that helped develop my personal style — these are effortlessly French.

    1. Flats all the way


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    Dubai start-up launches AI learning platform

    Dubai based start-up Black Cube Solutions, a frontier tech company, recently unveiled the world’s first complete platform for skill development for students and professionals powered by artificial intelligence (AI) and machine learning.

    It’s the only platform that brings together all the stakeholders of the skill development ecosystem including universities, corporates, training providers and executive education providers.

    Peer Mohaideen Sait, founder and CEO, Training Calendar said: “Skill development is the most pressing challenge for governments and corporates across the world. That is why we came up with the idea of Training Calendar. Our product is aligned to the UAE’s"...

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    UAE investment firm Tabarak buys 80% stake in Abu Dhabi developer

    Tabarak Investment has announced the acquisition of a stake of over 80 percent in Abu Dhabi’s Tasweek Real Estate Development and Marketing.

    The acquisition comes as part of Tabarak’s plans to diversify and support its real estate portfolio, the company said in a statement.

    It added that the portfolio now includes Tasweek’s international real estate investments in Marrakesh Healthcare City, Morocco and Casabrina Vacation Villas in Malaysia.

    Ahmad Kilani, CEO at Tabarak, said: “We"...

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    Unit of Abu Dhabi's Lulu buys Edinburgh hotel in $120m deal

    Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi-headquartered Lulu Group International, has completed a $120 million acquisition of the Waldorf Astoria Edinburgh - The Caledonian.

    The Caledonian joins a portfolio of $650 million worth of luxury property across the UK, the Middle East and India that T14H has brought together since 2014, the company said in a statement.

    It added that it intends to invest a further $28 million in enhancement and expansion of the property.


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    Deyaar profit drops sharply without 2016's one-off gains

    Deyaar Development, the Dubai real estate company 41 per cent-owned by Dubai Islamic Bank, posted a 37.6 per cent drop in fourth quarter net income and a 40 per cent plunge in 2017 net profit, as one-off gains in 2016 were not repeated.

    The developer's net profit declined to Dh30.1 million for the three months ending in December from Dh48.2m for the year-earlier period, based on calculations by The National from income statements.

    Full year net profit fell to Dh130.4m from Dh216.1m in 2016, the company said.


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