Wednesday 1 July 2015
 
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Oil bull market seen as Brazil, Iraq cut output targets

Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the US shale industry. Brazil and Iraq had been expected

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Second quarter M&A close to record amid mega deals

Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share. Low interest rates and stronger con

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Children in conflict zones need $2.3bn to go to school

The 34 million children who are out of school in conflict-affected countries need $2.3 billion to get them all schooling, ten times the amount education currently receives in aid, the United Nations' education agency Unesco said on Monday. "Returning to school may be the

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Big hurdles to Iran nuclear deal as deadline looms

As a June 30 deadline for a final nuclear deal approaches, major differences remain between Iran and world powers on several key issues including sanctions relief and U.N. access to Iranian sites, a senior Western diplomat said on Friday. "The most difficult subjects need to

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Friday attacks show Islamic State's growing reach

The attacks came one after the other in the space of a few hours. In France, a decapitated body covered in Arabic writing was found after an attacker rammed his car into a gas container, triggering an explosion. In Kuwait, a suicide bomber blew himself up in a packed Shi'ite

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GCC construction sector in major growth phase

The GCC construction industry foresees growth for the next three years, encouraged by factors such as favourable macroeconomics, positive demographics, and rising tourism activities, said an industry expert. “Higher budget allocation towards construction sector, as part of

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HR technology spend sees spike across ME, Europe

Nine out of 10 firms in the Europe, Middle East and Africa (EMEA) region plan to spend the same or more on HR technology this year than they did last year, a report said, adding that 12 per cent of them will hike investment by more than a fifth. The most popular way for HR depart

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