Monday 26 January 2015

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18pc RISE IN FOOTFALL
Retreat of Russian shoppers fails to dent Dubai retailers

Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.

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1

US CRUDE NEAR 6-YEAR LOW
Oil falls after Greek election sends euro tumbling

Oil slid in early Asian trade on Monday, with US crude falling close to a six-year low, after Greece's election results heightened uncertainty in the euro zone and depressed the bloc's currency against the dollar.

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2

NEW PRICES LIKELY IN APRIL
Emirates mulls airfare cut on lower oil prices

Dubai's flagship airline, Emirates, is studying whether to cut the fuel surcharge it passes on to customers to reflect recent drops in oil prices, its president has been quoted a saying.

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3

SPOTLIGHT
Mideast partnerships boost football club revenues

Middle Eastern commercial partnerships contributed significantly to revenue increases of many top football clubs last season, according to a study.

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4

ANALYSIS
Next oil price surge ‘already being set up’

Investment in oil sector is already being hit hard due to the recent price plunge . Unless production is added, surplus capacity will be quickly eroded, setting up the stage for the next oil price surge, says a top industry analyst.

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5

IMAGE OF THE DAY
Paulina's universe

Miss Colombia, Paulina Vega is crowned by last year's Miss Universe, Venezuela's Gabriela Isler at the 63rd Annual Miss Universe Pageant in Miami Florida on January 25.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Abu Dhabi residential sales prices to remain stable

The prime average residential sales prices in Abu Dhabi, UAE, are expected to remain stable during 2015 as the demand softens and annual supply gets reduced significantly, said a report.

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Retail & Wholesale

Retreat of Russian shoppers fails to dent Dubai retailers

Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.

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Energy, Oil & Gas

Aramco plans natural gas plant in northern Saudi

State-run Saudi Arabian Oil Company (Saudi Aramco) plans to start natural gas production facility at a field in northern Saudi Arabia next year, a report said.

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Finance & Capital Market

Bahrain forum to focus on organisational culture

The Banking Association of Bahrain in partnership with 21st Century Consulting (21CC) is holding a seminar explaining why organisational culture matters and how to diagnose its alignment with strategy.

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Analysis, Interviews, Opinions

Next oil price surge ‘already being set up’

Investment in oil sector is already being hit hard due to the recent price plunge . Unless production is added, surplus capacity will be quickly eroded, setting up the stage for the next oil price surge, says a top industry analyst.

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

Etihad announces changes in US flight schedule

Etihad Airways, the flag carrier of UAE, has announced a number of schedule changes to the airline’s flights between its Abu Dhabi hub and Chicago, New York, and Toronto (US) which will start on March 29.

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IT & Telecommunications

SAP mulls software delivery via cloud

Europe's biggest software group SAP could eventually see its software delivered via the cloud deliver higher profit margins than its traditional packaged software, its finance chief told a newspaper.

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Lifestyle

Adipec’s Oil Barons Charity Ball backs cancer group

The Oil Barons Charity Ball, a star-studded event organised by the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), will once again lend its backing to a cancer support group by raising funds and driving awareness.

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Motoring

Volkswagen to recall 80,000 Audis

German car maker Volkswagen will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China.

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Health & Environment

Orange unit to present healthcare ICT solutions

Orange Business Services, the global business-to-business arm of the company, will present its integrated information and communications technology (ICT) solutions for the healthcare sector at Arab Health 2015, opening today in Dubai, UAE.

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Media & Promotion

$1m 'Drones for Good' contest attracts 800 entries

More than 800 entries highlight exciting opportunities in use of drone technology to meet public needs, has been received from 57 countries for a $1 million contest.

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Education, HR & Training

Reference checks critical for hiring, say Mena firms

A staggering 84.1 per cent of HR departments of Mena firms conduct reference checks prior to hiring eligible candidates, a report said, shedding unprecedented light on the workforce strategies of companies.

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