Corporate World

Plans to list a minority stake in ADNOC Distribution, the UAE’s largest fuel distributor and convenience store operator, on the Abu Dhabi Securities Exchange (ADX), have been confirmed, today, by H.E. Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO.

Abdul Rahim Architectural Consultants (ARACO), a leading engineering consultant in design and project management in the UAE, has been named architectural consultant on a AED 75 million towerat Al Barsha Heights, TECOM, Dubai.

OMA Emirates Group, a provider of cutting edge technology devices for the payment industry, has partnered with Karma Technology, a payment and business solutions software provider in Dubai and successfully completed a safe and seamless mobile payment solution across all 15 Maison BMore outlets. The multi fashion brand stores in the UAE now has a new deployment that allows sales staff to run the fully customized ECR application in the palm of their hands and enriches the customer experience. Payments can now be processed anywhere within the store and also fulfils the company’s requirement for smart payment devices which accept multiple modes of payment including Smart EMV, Magstripe and NFC/Contactless. This enhances the customer and merchant experience through ease of usage, safety, security and is a convenient way of transacting.

Sony Corporation reported strong sales and operating revenue performance for the second quarter of 2017, with a year-on-year increase of 22.1 per cent compared to the same quarter of the previous fiscal year.

DAMAC Properties, a leading luxury real estate developer in the region, announces the launch of The Park Villas, a collection of luxury homes nestled amongst pristine themed parks and manicured gardens, located in its golf community DAMAC Hills. Featuring four million square feet of private parkland and lush greenery at the villas’ doorsteps, The Park Villas present the ideal home for families seeking an active lifestyle within their community and with abundant outdoor activities to keep adults and children of all ages entertained.