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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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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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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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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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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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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.
Top Trade News
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Kuwait company awarded Iraq airport project
Kuwait-based Al-Nasriyah Company has won a contract for the development and operation of a new airport in Diwaniya governorate of Iraq, said a report.
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Marka, UEFA to launch concept store in Abu Dhabi
Marka, the first UAE-listed retail and hospitality company, has teamed up with UEFA, European football’s governing body, to build the region's first ‘UEFA Champions League Experience’ concept stores across the Middle East in Abu Dhabi.
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Oman awards contract to study MEDC privatisation
Oman’s Electricity Holding Co (EHC) has awarded a contract to a consortium of advisors led by CPCS Transcom International to undertake a study for the privatisation of its subsidiary Muscat Electricity Distribution Co (MEDC), a report said.
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Global watchdog to review new banking rule
Global banking supervisors are reviewing a rule that allows banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticised during the euro zone de
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Grown diamonds key to bridging demand gap
Grown diamonds can help overcome the widening supply demand gap in the long run to compensate for falling mined diamonds supply, a report said.
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Emirates Steel expands wire rod range
UAE steelmaker Emirates Steel is expanding the range of its wire rod brands to create more opportunities for local downstream manufacturers.
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Dubai public transport rider numbers top 500m
The public transport means of Dubai’s Roads and Transport Authority (RTA) have lifted 531.350 million riders in 2014 compared to 440.672 million riders in 2013.
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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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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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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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Arab Health Exhibition set to open
Over 120,000 visitors from around the world are expected to visit the Arab Health Exhibition and Congress, the Middle East’s largest healthcare event and the second largest in the world, which will open in Dubai, UAE, tomorrow.
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DSF halts programmes to mourn King Abdullah
The Department of Tourism and Commerce Marketing (DTCM) in Dubai, and its agency, Dubai Festivals & Retail Establishment, have halted all entertainment and musical activities related to the Dubai Shopping Festival till Sunday (January 25) ow
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Bahrain Zain partners with Polytechnic
Leading telecom provider Zain Bahrain has entered into a strategic partnership with Bahrain Polytechnic in a move to develop the ICT sector in the kingdom.
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McDonald's sees rough weather continuing in 2015
McDonald's, the world's largest fast-food chain, has warned that business will be weak in the first half of 2015 and it is cutting its construction budget to the lowest in more than five years as it opens fewer outlets in tight markets.
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