Complex Made Simple

Daily brief: Top 7 business stories October 27, 2016

Here are the top seven business stories you need to know today.

Pearl Initiative returns to Dubai

Pearl Initiative, a GCC business-led organisation aimed at creating a vehicle to take a lead in adopting higher standards of corporate accountability, transparency and governance, is back in Dubai for the second consecutive year on Thursday.

A regional WhatsApp: Dubai’s Alabbar’s new mission

Billionaire Mohamed Alabbar, one of Dubai’s most prominent businessmen, has revealed that he has plans for a phone messaging service for the Middle East that aims to compete with services such as WhatsApp.

In Dubai: World’s first nature-inspired shopping mall

The emirate of Dubai will become the host of the first nature-inspired shopping mall, Cityland Mall. Cityland Group, the company behind the reportedly AED1.1 billion project, said the mall is set to open in 2018.

Samsung Electronics looks for quick mobile rebound

Samsung Electronics Co Ltd on Thursday said it aims to recover quickly from the disastrous withdrawal of the fire-prone Galaxy Note 7 that dragged third-quarter mobile earnings to their lowest level in nearly eight years.

Rolls-Royce opens first boutique in Dubai

British luxury carmaker Rolls-Royce launched a new experiential showroom, the Rolls-Royce Boutique, in one of its biggest international markets, the emirate of Dubai.

According to the brand, the aim of the boutique is to make car shopping more of a lifestyle experience.

MENA countries featured in World Bank’s 2017 Doing Business report

The United Arab Emirates, Turkey, Saudi Arabia, Jordan and Egypt featured in the World’s Bank’s 2017 Doing Business report, which explores to what extent governments facilitate doing business in their respective countries.

Oil hovers around $50 amid doubts of OPEC coordinating output cut

Oil prices were stable, lingering around the $50 a barrel mark on Thursday, as doubts over OPEC’s ability to organise a coordinated production cut weighed on markets.