Friday 28 August 2015

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LARGEST SINGLE AWARD IN ME
McDermott wins lump sum contract from Saudi Aramco

McDermott International, a leading provider of integrated EPCI services for upstream field developments, has won a lump sum contract from Saudi Aramco for brownfield work in various fields offshore Saudi Arabia.

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1

'SHRANK ONLY 0.5PC IN JULY'
Saudi foreign reserves fall slows after bond sale

The speed of decline in Saudi Arabia's foreign reserves slowed in July after the government began issuing domestic debt to cover part of a budget deficit created by low oil prices, central bank data showed on Thursday.

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2

DEFICITS TO WIDEN
Oman growth may slow to 2-3pc, says Moody's

Oman's economic growth is expected to slow to an average 2 per cent to 3 per cent per year until 2019 from an average 4.9 per cent between 2005 and 2014, rating agency Moody's Investors Service has said.

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3

Smart solar palm trees spring up in Dubai

A new species of palm tree has started sprouting around Dubai. But instead of producing dates, the fronds of the Smart Palm harness the sun's energy to allow people to look up city information, access Wi-Fi and charge their phones.

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4

FOCUS
Love them or loathe them, emails are here to stay

If seeing an inbox full of hundreds of emails fills you with dread, get used to it, because they are here to stay and will remain a constant in the workplace, according to a survey released on Wednesday.

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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

Cityscape Global sees 15pc rise in exhibitors

Cityscape Global, the Middle East’s largest property showcase to be held in Dubai, UAE, next month, will see a 15 per cent increase in exhibitors, said event organisers.

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Retail & Wholesale
Analysis, Interviews, Opinions
Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Turkey's hospitality sector growth at all-time high

Turkey is seeing a boom in its hospitality sector, with 75 new projects and 12,968 rooms currently in the pipeline, taking third place in the Middle East for hotel construction, behind only the UAE and Saudi Arabia.

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IT & Telecommunications

Mobily soars in social media popularity

Mobily, a leading provider of telecom services in Saudi Arabia has registered more than six million subscribers and followers across its social network platforms.

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Motoring

Cooper Tire backs top Dubai motor event

Cooper Tire, a global company that specialises in the design, manufacture, marketing and sales of tyres, has announced that it will be the official tyre sponsor of this year’s Dubai International Motor Show.

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Health & Environment
Media & Promotion

Oops! Boy falls, punches hole in $1.5m painting

A T$50 million ($1.54 million) masterpiece by a 17th century Italian artist was back on display in the Taiwan capital on Tuesday after a 12-year-old boy tripped, fell and punched a hole in the canvas, the exhibit organiser said.

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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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