Wednesday 4 May 2016
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Industry Sectors

Construction & Real Estate
Retail & Wholesale
Energy, Oil & Gas
Finance & Capital Market
Analysis, Interviews, Opinions
Industry, Logistics & Shipping
Travel, Tourism & Hospitality
IT & Telecommunications
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Health & Environment
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Miscellaneous
Construction & Real Estate

Jeddah sees real estate market slowdown

The Saudi city of Jeddah has witnessed a general slowdown across all its real estate sectors in the first quarter due to demand-supply mismatch and the country’s overall macroeconomic scenario, according to a report.

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Retail & Wholesale

2XL opens showroom in Al Ain’s Remal Mall

2XL Furniture and Home Décor, a locally owned and operated luxury furniture and home décor retailer in the UAE, opened its largest showroom in Al Ain, UAE at Remal Mall.

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Energy, Oil & Gas

Total aims to set up solar joint venture in Qatar

Total, global, integrated energy producer and provider, is studying the prospects of establishing a solar business in Qatar, the company’s chairman and CEO said.

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Finance & Capital Market

Saudi's Tadawul to select IPO advisers soon

The banks to advise the Saudi Stock Exchange on its initial public offering (IPO) will be selected in the coming days, the bourse's CEO said on Tuesday, suggesting that it could opt for both local and international banks to provide broader expertise.

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Analysis, Interviews, Opinions

Nearly a third 'paid bribe in some Mena states'

Nearly one in three citizens who tried to access basic public services in the Middle East and North Africa paid a bribe, a Transparency International report said today.

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Industry, Logistics & Shipping

Liberty House to submit bid for Tata Steel UK

Metals group Liberty House will submit a letter of intent to buy the British assets of Tata Steel on Tuesday, a spokeswoman said, in the first bid since the Indian conglomerate put the business up for sale, threatening thousands of jobs.

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Travel, Tourism & Hospitality

Dubai a world leader in Q1 ADR

Dubai recorded 2016’s highest first-quarter average daily rate (ADR) among major markets around the world, marking the 12th consecutive year that the emirate has led this group of markets in Q1 ADR, said a report.

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IT & Telecommunications

Gitex launches global startup movement

The upcoming Gitex Technology Week, a major IT event in Dubai, UAE will launch and host Gitex Startup Movement, one of the most global startup gatherings in the world with over 30 countries represented.

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Motoring

Spectacular launch for Jaguar F-Pace at Burj Khalifa

British luxury brand Jaguar created a world first with the Middle East launch of its all-new F-Pace performance SUV at Burj Khalifa, the world’s tallest tower.

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Health & Environment

Julphar sales total $400m in 2015

Ras Al Khaimah-based Julphar (Gulf Pharmaceutical Industries) recorded sales totalling Dh1.47 billion ($400.11 million) in 2015, an increase of 6 per cent compared to the previous year, it was revealed at the company’s general assembly.

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Media & Promotion

Dubai to open world's largest materials library

Dubai will this year open the world's largest materials library, D-Town, a first-of-its-kind facility which will open its doors to those interested in developing high-end interior solutions and innovative design projects, said a report.

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Education, HR & Training

First all-women business park opens in Saudi Arabia

Saudi Aramco, Princess Nourah University (PNU) and Wipro Arabia, a subsidiary of India's Wipro, today inaugurated Saudi Arabia’s first all-women business and technology park.

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Miscellaneous

UN to inspect commercial shipments to Yemen

The United Nations will start inspecting shipments to rebel-held ports in Yemen in a bid to boost commercial imports and enforce an arms embargo, the world body said on Tuesday.

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