Saturday 6 February 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
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Construction & Real Estate

Firms losing millions due to poor project management

Organisations across the globe waste an average of $122 million for every $1 billion spent on projects linked to energy, construction, manufacturing and telecom sectors as a result of poor project management practices, said a report.

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Retail & Wholesale

Pavers England plans $50m GCC expansion

Pavers England, an established heritage brand shoe store and a joint venture between UK based Pavers and Foresight Group, is set to open two stores in the UAE, with plans to further expand into the wider GCC market.

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Energy, Oil & Gas

Iran's crude oil sales to Europe hits new high

Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels, according to the ministry's news agency.

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Finance & Capital Market

Mashreq posts $653m net profit in 2015

Mashreq, one of the leading financial institutions in the UAE, said it has maintained a steady performance in 2015 amid difficult market conditions with a solid net profit of Dh2.4 billion ($653 million) over the previous year

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Analysis, Interviews, Opinions

Wars, cheap oil hurting Middle East growth

The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 per cent, falling short of a 2.8 per cent forecast in October as war, terrorism and cheap oil took their toll.

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Industry, Logistics & Shipping

CPL to break ground on Dubai warehouse facility

UAE-based Centre Point Logistics (CPL) is set to break ground on its 22,550-sq-m hitech temperature-controlled warehouse in Dubai as part of its strategy to boost its presence in the region.

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Travel, Tourism & Hospitality

Streamlining ME airspace traffic to net $16.3bn in savings

The streamlining of traffic in the Middle East’s upper airspace can be a powerful catalyst to the region’s aviation sector and may yield an estimated $16.3 billion in economic benefits to the region, said an expert.

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IT & Telecommunications

BlackBerry cuts 200 jobs to trim costs

BlackBerry is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business.

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Motoring

Over 1m vehicles plying on Abu Dhabi roads

The number of vehicles plying on the roads of Abu Dhabi has risen to 1.016 million during the past year with the light vehicles numbering 908,000 units tops the list, said a report.

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Health & Environment
Media & Promotion

Bahrain to outline new youth strategy

A new five-year strategy is being drawn up to develop youth and sports programmes in Bahrain that will take over from the existing five-year plan set to end later this year, said a report.

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Miscellaneous

17 killed in hotel fire at Iraqi Kurdistan

A fire at a hotel in the capital of Iraq's Kurdistan region killed 17 people on Friday, the governor of Erbil told a local media network, and the hotel manager said they included foreigners.

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