Saturday 19 April 2014

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ECONOMIC OUTLOOK ‘ROBUST’
IEA slashes global oil demand growth forecast

The International Energy Agency (IEA) has revised upwards its forecast for global oil demand growth in 2014 to a modest 1.5 per cent on the back of a more robust outlook for global economic growth, a report said.

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1

MANAGEMENT SKILLS ‘MOST LACKING’
Dubai construction facing 500,000 manpower gap

Dubai’s construction and real estate sectors are facing a combined manpower shortfall of up to 500,000 heading into 2015, a report said, adding that building and construction project management skills are most lacking among senior levels.

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2

QATAR ACTION AWAITED
Gulf envoys 'may not return to Doha soon'

Saudi, the UAE and Bahraini ambassadors will not return to Doha until Qatar demonstrates its good intentions, Saudi diplomatic sources said yesterday (April 18).

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3

ANALYSIS
Non-oil sector boosting Abu Dhabi housing market

Growth in key non-oil sectors such as tourism, hospitality, education and healthcare is translating into robust demand in terms of the volume and nature of property requirements in Abu Dhabi, a report said.

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4

NEW DISCOVERY
In cloning first, stem cells made from adults

Scientists have moved a step closer to the goal of creating stem cells perfectly matched to a patient's DNA in order to treat diseases, they announced, creating patient-specific cell lines out of the skin cells of two adult men.

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5

IMAGE OF THE DAY
Getting lost in the crowd?

A visitor poses for a photo next to a Doraemon model during an exhibition in Beijing on April 19. The expo, which showcased a hundred models of the Japanese cartoon character in different poses and expressions, will run until June 22.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain gets ready for 3Gs trio of expos

Curtains are set to rise early next month on the landmark 3Gs trio of expos in Bahrain -- GulfBID, Gulf Property Show and GulfInteriors 2014 – the leading industry-shaping exhibitions in the kingdom.

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Energy, Oil & Gas

Libya's Zawiya refinery ramps up output

Libya's Zawiya refinery has returned to pre-shutdown output levels at around 60 percent of capacity and is running Brega crude oil, a senior Libyan oil official said.

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Finance & Capital Market

Egypt central bank 'to keep interest rates on hold'

Egypt's central bank will keep interest rates on hold next Thursday as it balances the need to fight inflation while supporting the currency and stimulating an economy battered by more than three years of upheaval, a Reuters poll showed.

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Analysis, Interviews, Opinions

Women in Gulf begin to crack 'glass ceiling'

The Gulf region's growing wealth, rising education standards for women and government efforts to promote more equal opportunities should help make it easier for women to crack the "glass ceiling".

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Industry, Logistics & Shipping

Suez Canal March revenues rise 8.5pc

Revenue from Egypt's Suez Canal rose 8.5 percent to $441.9 million in March from $407.4 million in the same month a year ago, Egypt's state information portal said.

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Travel, Tourism & Hospitality
IT & Telecommunications

Bahrain’s TRA set to launch strategic review

The Telecommunications Regulatory Authority (TRA) is set to embark on a strategic review of the telecommunications market in Bahrain, a report said.

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Government & Laws

Libya plans 'smart cards' to cut fuel subsidies

Libya plans to limit the costly subsidies its citizens enjoy when buying motor fuel - much of which is smuggled into Tunisia for resale at higher prices - by introducing a "smart card" system like one newly implemented in neighbouring

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Motoring

Family look: Nissan range gets new grille

Nissan plans to put a V-shaped front grille design on most of its models to give itself a "distinct, unified face", says global design chief Shiro Nakamura.

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Health & Environment

1,000-bed maternity hospital for Jeddah

A new 1,000-bed maternity hospital will be built attached to the King Abdullah Medical Complex in Jeddah, Saudi Health Minister Dr Abdullah Al-Rabeeah has announced.

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Education, HR & Training

Dubai property sector facing 500,000 manpower gap

Dubai’s construction and real estate sectors are facing a combined manpower shortfall of up to 500,000 heading into 2015, a report said, adding that building and construction project management skills are most lacking among senior levels.

More…
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