Sunday 30 August 2015

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RESIDENTS EVACUATED
Fire at Aramco workers' compound kills two; 105 hurt

A fire at an oil workers' residential compound in Saudi Arabia on Sunday killed two people and injured 105 others of various nationalities, including some who are in a critical condition, the Civil Defence said on its Twitter account.

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1

SEPT RATE HIKE NOT RULED OUT
Focus turns to US data as China slowdown looms

After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term US interest rate hike.

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2

WORLD'S LONGEST INDOOR ARCH
Abu Dhabi Airports starts de-propping for MTB's roof

Abu Dhabi Airports has started the process of de-propping the centrepiece of the building, the curved roof, which will give the impression that the structure is floating on 18 steel arches.

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3

ANALYSIS
Saudi forex under pressure as oil policy bites

Domestic macro costs of Saudi Arabia’s unchanged oil policy are likely to become more acute and apparent, a report said, highlighting that safeguarding forex reserves will require deep budgetary cuts at current oil prices.

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4

ANALYSIS
Gulf managers ‘must take more risks, develop talent’

Management in the Gulf need to take more risks and develop staff to think creatively, according to a new global innovation survey designed to help companies stop wasting their best ideas and flushing billions of dollars down the drain.

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5

NEWS IN PICTURES
New face

Tunisian actress Feryal Youssef is the new brand ambassador for Dabur Amla Hair Creams.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Abu Dhabi Airports starts de-propping for MTB's roof

Abu Dhabi Airports has started the process of de-propping the centrepiece of the building, the curved roof, which will give the impression that the structure is floating on 18 steel arches.

More…
Retail & Wholesale
Energy, Oil & Gas

Oil extends biggest rally in six years to top $50

World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.

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Analysis, Interviews, Opinions

Are there any reasons for hope in the Middle East? Maybe.

In the aftermath of the Iran nuclear agreement, there was a broad expectation, both in the region and beyond, that sectarian tensions and conflict would intensify and deepen the proxy battle between Iran and Saudi Arabia.

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Industry, Logistics & Shipping

Bahrain signs air show accords with Russian firms

Bahrain International Air Show (BIAS 2016) high organising committee members, led by Transportation and Telecommunications Minister and deputy chairman of the panel Kamal Ahmed, took part in Russian International Aviation and Space Show.

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Travel, Tourism & Hospitality

QAIA's passenger numbers surge 29pc in July

Jordan’s Queen Alia International Airport (QAIA) performed significantly well in July, welcoming 749,314 passengers in July compared to 578,026 passengers in the same month last year- a notable 29.6 per cent increase.

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IT & Telecommunications

Ericsson launches ICT professional programme in ME

Ericsson has officially launched its ICT Professional Foundation Program in the Middle East covering 12 countries aimed at helping graduates looking to join ICT giants, to be better equipped.

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Health & Environment

China passes new law, sets sight on coal consumption cap

Legislators have approved amendments to China's 15-year-old air pollution law that grants the state new powers to punish offenders and create a legal framework to cap coal consumption, the Asian giant's biggest source of smog.

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Media & Promotion

Instagram adds new photo sizes to attract ads

Instagram has added new layout options in addition to its signature square for pictures and videos in a bid to attract more advertisers and to stop users defecting to more flexible services such as Snapchat.

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Education, HR & Training

Dubai’s first multilingual school opens

The Swiss International Scientific School in Dubai (SISD), the first ever private school in Dubai, UAE to offer multilingual education in French, German, Italian, English and Arabic, opened today (August 30).

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Miscellaneous

Saudi King to meet Obama at White House on Sept 4

Saudi Arabia's King Salman will meet President Barack Obama at the White House on September 4, the White House said, as Washington and Riyadh seek to shore up relations after a period of tension mainly over a US-led nuclear deal with Iran.

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