Tuesday 27 January 2015

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PLANS 'WITHIN DAYS'
Emaar targets Q2 for $270m Egypt unit float

Dubai's Emaar Properties will submit plans to float its Egyptian unit to the North African country's regulator "within days" ahead of an initial share sale earmarked for the second quarter, two sources aware of the matter told Reuters.

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1

NOD FOR 100m MORE SHARES
Aabar to tighten grip on Dubai builder Arabtec

A subsidiary of Aabar Investments has received regulatory approval to buy a further 100 million shares in Arabtec, strengthening the Abu Dhabi state-run fund's hold on the Dubai-listed builder, according to a bourse filing on Monday.

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2

DEMAND FOR FRESH TALENT
Over 90pc of UAE firms hiring this year

About 91 per cent of UAE based companies intend to strategically recruit additional employees in 2015, a report said.

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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

MAF to open 30 new Juicy Couture stores in ME

Majid Al Futtaim, a leading shopping mall, retail and leisure pioneer across the region, plans to open 30 new stores across the region by 2019 in partnership with Authentic Brands Group.

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Energy, Oil & Gas
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.

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Industry, Logistics & Shipping

Danish Egro to invest $2bn in Iran's Azarbaijan

Denmark-based Egro Company is set to invest €2 billion ($2.2 billion) in the field of agriculture in Hashtroud, East Azarbaijan, according to a report.

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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), starting 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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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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