Wednesday 10 February 2016

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MAJOR CABINET RESHUFFLE
New ministers for happiness, tolerance in UAE

In sweeping UAE cabinet changes, His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced ministers for happiness, tolerance and climate change.

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1

DEAL TO CUT COSTS
Top Saudi mobile operators plan tower company

Saudi Arabia's three telecom operators are in talks to create a company to own and manage their mobile transmitter towers in a move that could cut costs and lower tariffs in the kingdom, a Saudi financial news website has reported.

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2

12pc SAVINGS SEEN
Dubai 'can help redesign Mideast airspace'

Dubai is prepared to help countries in the region with their air traffic navigation and redesign the airspace as part of its policy, a senior official has said.

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3

ANALYSIS
What if oil stays below $50 until 2020?

What if oil prices remain stuck in a $25 to $50 per barrel range for the next 5 years? What will the world economy look like in 2020? How do different asset classes perform? Bank of America Merrill Lynch explores the scenario.

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4

SPOTLIGHT
Millennials shifting car ownership trends

When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at 20-somethings, it could not have guessed that the model would be dead after just 12 years.

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5

NEWS IN PICTURES
Blast horror

Damaged cars are seen at a site of bombing in Damascus, Syria on February 9. At least eight policemen were killed in an explosion that rocked the parking lot of the Syrian police officers' club.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Delivery of 18,000 Dubai flats unlikely this year

The delivery of over 18,000 residential units in Dubai, UAE, will not happen this year as originally anticipated due to a number of issues including financing disputes and delays over licensing or approval, said a report.

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Retail & Wholesale
Energy, Oil & Gas

Kuwait to raise crude output, sign export deals

Kuwait plans to raise its crude oil production by 150,000 barrels per day (bpd) in the third quarter and aims to sign new export deals with European customers soon, a senior Kuwaiti official was quoted as saying.

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Finance & Capital Market

Investcorp posts 12pc rise in net income

Investcorp, a global provider and manager of alternative investment products, posted an increase of 12 per cent in net income to $50.9 million for the fist six months of its fiscal year (H1 FY16) ending December 31.

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Analysis, Interviews, Opinions

Millennials shifting car ownership trends

When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at 20-somethings, it could not have guessed that the model would be dead after just 12 years.

More…
Industry, Logistics & Shipping
Travel, Tourism & Hospitality
IT & Telecommunications

Cloud, managed IT services 'seeing big growth'

Faced with mounting costs and an increasingly complex IT environment to manage, organizations are more than ever looking at managed IT Services and cloud as an alternative to in-house IT infrastructure management, an industry expert said.

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Lifestyle

$1bn luxury project coming up at Shakespeare theatre site

UK residential developer Galliard Homes has joined hands with top developers Cain Hoy and McCourt and Chinese real estate group Vanke to launch a £750-million ($1.07 billion) mixed-use project - The Stage in Shoreditch, UK.

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Motoring

Google computers can qualify as drivers says US

US vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward winning approval for autonomous vehicles on the roads.

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Media & Promotion

Future of Mena TV viewing in focus at Cabsat

Influential decision-makers from major studios, production houses and on-demand providers will discuss the future of TV viewing across the Middle East and North Africa (Mena) region at Cabsat 2016.

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Miscellaneous

Unilever unit in deal to raise bar on food safety in Dubai

Unilever Food Solutions, a food service division of Unilever, has partnered with Dubai Municipality to raise the bar on food safety across the emirate through a food safety partnership initiative.

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