Monday 3 August 2015

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FIRST DIALOGUE SINCE 2009
US, Egypt return to 'stronger base': Kerry

The United States and Egypt are returning to a "stronger base" in bilateral ties despite tensions and human rights concerns, US Secretary of State John Kerry said on Sunday after talks with his Egyptian counterpart.

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1

WEAK CHINA DATA WEIGHS
Oil hits multi-month lows on record Opec output

Oil extended losses on Monday on worries of oversupply as Opec pumped at record levels in July, while weak China data stoked concerns about slower growth at the world's second largest oil consumer.

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2

CEILING AT 30pc SPEND LIMIT
Saudi cbank curbs credit card cash withdrawals

Saudi Arabia's central bank has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems.

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3

SPOTLIGHT
Rethinking airline loyalty points strategy

Earning and using airline miles used to be simple. Fly 25,000 miles and earn a free flight. It is not so simple anymore. The process of redeeming miles is changing in a way that makes it more difficult for all, says an industry expert.

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4

SPECIAL REPORT
Iran energy projects worth more than $160bn

The Iranian energy projects market represents a $167 billion opportunity for regional and international companies as the Islamic Republic prepares for the lifting of sanctions, a report said.

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5

NEWS IN PICTURES
Taking a closer look

The winners of the Jaguar Design XE Competition got an opportunity to get a closer look at the British brand’s unique collection of beautiful heritage vehicles on a trip to the Jaguar Land Rover Global Headquarters in the UK.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi Arabia approves $282m contracts

Saudi Arabia has approved contracts worth SR1.06 billion ($282.27 million) for 168 municipal projects in 14 governorates, the Saudi Press Agency has reported.

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Retail & Wholesale

Canon launches 3 large-format printers

Canon Middle East, a global leader in imaging solutions has launched three new large format printers for architecture, engineering and construction (AEC), reprography and Computer Aided Design (CAD) environments.

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Energy, Oil & Gas

Algeria boosts oil output by 32,000bpd

Opec member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two fields, an energy ministry official said on Sunday.

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Finance & Capital Market

Saudi cbank curbs credit card cash withdrawals

Saudi Arabia's central bank has tightened restrictions on cash withdrawals from banks using credit cards in an effort to head off any consumer debt problems.

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Analysis, Interviews, Opinions

Iran energy projects worth more than $160bn

The Iranian energy projects market represents a $167 billion opportunity for regional and international companies as the Islamic Republic prepares for the lifting of sanctions, a report said.

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Industry, Logistics & Shipping

Sadara, E A Juffali sign MDI supply deal for Jubail facility

Sadara Chemical Company and E A Juffali & Brothers have signed an agreement through which Sadara will supply methylene diphenyl diisocyanate (MDI) to a new Juffali chemical production facility in PlasChem Park in Jubail Industrial City II.

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Travel, Tourism & Hospitality
IT & Telecommunications

Viva's H1 net profits surge $71m

Viva, Kuwait's fastest-growing telecom operator, has reported a net profit of KD21.6 million ($71.3 million) for the first half of the year, jumping 14 per cent compared to the same period last year.

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Lifestyle

Yahoo buys social shopping site Polyvore

Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings.

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Motoring

Want to cut fuel cost? Here are some tips from Ford

Drivers in the UAE can maximise fuel efficiency by following some simple measures and they don’t have to change driving behaviours drastically, a senior Ford executive has said.

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Education, HR & Training

Qatar Career Fair opens registration for camp

Qatar Career Fair (QCF), a member of Qatar Foundation for Education, has opened registration for its Summer Career Camp, which will introduce participants to workplace environments and get a glimpse into career life.

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Miscellaneous

UAE to try 41 for creating 'terrorist' group

United Arab Emirates (UAE) authorities plan to try 41 people of various nationalities including Emiratis on charges of setting up a terrorist group, the official Wam news agency reported on Sunday.

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