Sunday 30 August 2015

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'RISING POPULATION SPURS DEMAND'
Dubai Properties revenue to rise this year

Dubai Properties Group (DPG), a real estate developer owned by the emirate's ruler, will increase its revenue in 2015 and a rising population will help support residential prices, the company's chief executive said on Sunday.

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1

RESIDENTS EVACUATED
Fire at Aramco workers' compound kills 11; 200 hurt

A fire swept through an oil workers' residential compound in Saudi Arabia on Sunday, killing 11 people and injuring over 200 others of various nationalities, some critically, the Civil Defence agency said.

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2

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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3

SPOTLIGHT
Mena professionals ‘have a positive outlook on life’

Around 93.8 per cent of professionals in the Mena region have a positive outlook on life, with 56 per cent being “very positive” and 37.8 per cent being “somewhat positive”, a report said.

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4

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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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 new Midfield Terminal Building, the curved roof, which will give the impression that the structure is floating on 18 steel arches.

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Retail & Wholesale

Apple lines up press event, seen unveiling new iPhones

Apple has invited journalists to a September 9 event, where it is expected to unveil new iPhones and potentially a new version of its Apple TV set-top box.

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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

Amman airport sees passenger numbers top 29pc

Queen Alia International Airport (QAIA) in Amman, Jordan, performed significantly better in July this year, welcoming 749,314 passengers compared to 578,026 passengers in the same month last year.

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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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