Saturday 27 August 2016

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1,000m OF NEW QUAY WALL
Major expansion planned for Abu Dhabi's Khalifa Port

Abu Dhabi Ports, the master developer, operator and manager of the emirate’s ports and Khalifa Industrial Zone, has today announced a major expansion plan for its Khalifa Port.

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1

STRESS ON OPEC ROLE
Iraq vows to play active role in propping up oil prices

Iraq is willing to play an active role within Opec to support oil prices, its Oil Minister Jabar Ali Al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output.

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2

'UK CAN AVOID RECESSION'
British economy escapes Brexit blow, for now

Britain's high streets are heaving with shoppers despite June's shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom.

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3

ANALYSIS
Economists see ride-hailing industry as ripe for competition

Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game.

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4

Coastal land expands as construction outpaces sea erosion

The Earth has gained coastal land equivalent to the size of Jamaica in the past 30 years with man-made construction outpacing erosion caused by rising sea levels, mapping data showed on Thursday.

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5

NEWS IN PICTURES
Lighting up the sky

The Night Air Show during the Bella Skyway Festival 2016 in Torun, Poland on August 26. The festival presents light-art installations and shows performed by artists from around the world and pilots from Italy, England and Poland.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Turkey opens bridge between continents

Turkey opened one of the world's biggest suspension bridges on Friday, creating a new link between two continents with the latest megaproject in a $200 billion building spree.

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Retail & Wholesale
Energy, Oil & Gas

Iraq vows to play active role in propping up oil prices

Iraq is willing to play an active role within Opec to support oil prices, its Oil Minister Jabar Ali Al-Luaibi said on Saturday, without clarifying whether it was prepared to back a possible agreement to freeze output.

More…
Finance & Capital Market

Oman H1 budget deficit surges to $9bn

Oman's government posted a budget deficit of RO3.5 billion ($9.1 billion) in the first half of 2016 compared with a deficit of RO1.92 billion a year earlier, as low oil export prices slashed its revenues, provisional data showed.

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Analysis, Interviews, Opinions

Economists see ride-hailing industry as ripe for competition

Chinese powerhouse Didi Chuxing's acquisition of Uber Technologies Inc's China operations marked the biggest move yet toward consolidation in an industry that many investors and Silicon Valley pundits view as a winner-take-all game.

More…
Industry, Logistics & Shipping

Iran detects malware in petchem plants

Iran has detected and removed malicious software from two of its petrochemical complexes, a senior military official said, after announcing last week it was investigating whether recent petrochemical fires were caused by cyber attacks.

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Travel, Tourism & Hospitality
IT & Telecommunications

Apple fixes security flaw after iPhone targeted

Apple has issued a patch to fix a dangerous security flaw in iPhones and iPads after researchers discovered that a phone had been targeted with a previously unknown method of hacking.

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Lifestyle

Liali Jewellery launches new store in Dubai

Liali, UAE’s fine jewellery retailer, recently announced the opening of its new store “Liali Signature” at one of the region’s key retail locations, Mirdif City Centre in Dubai.

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Motoring
Health & Environment

DHA introduces advanced procurement system

The Dubai Health Authority’s purchasing and contracts department has introduced advanced procurement systems which will help further streamline processes and improve efficiency, it said.

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Media & Promotion

Etihad celebrates Emirati Women's Day

Etihad Airways has marked Emirati Women’s Day by announcing that more than half of the UAE nationals employed by the airline are women, including nearly 50 pilots.

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Education, HR & Training

Ducab provides training for Emirati students

Ducab, the UAE-based leading manufacturer of cables and cabling products, recently hosted its second annual professional training programme where Emirati university students received on-the-job training at the company’s facilities.

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Miscellaneous

Qatar backs official after Fifa investigator seeks ban

Qatar's Football Association said it fully backed its vice president Saoud Al-Mohannadi, a day after a Fifa investigator recommended he be banned from the game for at least 2 1/2 years over allegations of non-cooperation with an inquiry.

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