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CUT IN ALLOWANCES
Saudi cbank asks banks to reschedule consumer loans
Saudi Arabia's central bank has asked local banks to reschedule consumer loans after the government cut bonuses and other financial perks for public sector workers, local media reported on Thursday.
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HIGHEST GROWTH IN ASIA PACIFIC
International tourist arrivals up 4pc in H1
International tourist arrivals worldwide grew by 4 per cent between January and June 2016 compared to the same period last year.
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GLUT MAY PERSIST
Oil prices slip as focus shifts to details of Opec deal
Oil prices slipped on Thursday as investors questioned whether an Opec agreement to curb oil production - the group's first such deal since 2008 - would be enough to rebalance a heavily over-supplied world market.
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Ageist attitudes 'affect older people's health'
New analysis by the World Health Organization (WHO) shows that negative or ageist attitudes towards older people are widespread. They also negatively affect older people’s physical and mental health.
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SPOTLIGHT
Airlines report 17pc rise in unruly passengers
Reports of unruly passengers disrupting airline flights have soared almost 17 per cent worldwide in 2015, the International Air Transport Association (Iata) said on Wednesday.
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NEWS IN PICTURES
Typhoon toll
A man inspects a collapsed crane after typhoon Megi's passage in eastern Taiwan on September 28. The storm, which paralyzed land and air traffic, left at least four people dead and 168 injured, and cut power to nearly 3.15 million homes.
Top Trade News
 | Industry Sectors |
Omran releases prime land for sale at Madinat Al Irfan
Oman’s leading development company Omran said it was making available significant investment opportunities at Madinat Al Irfan, the country’s biggest urban development, with the release of 10 major land plots.
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Connected devices ‘influencing UAE retail market’
With consumers in the UAE now owning at least three connected devices at one time, mobile technology is having a profound influence on purchase decisions, said an industry expert citing Google’s latest Connected Consumer Survey.
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Iraq questions Opec method on oil output estimates
Iraq has questioned one of the two methods Opec is using to estimate the oil production of its members, signalling the issue could be a problem for the country to join output limits that the group agreed to start implementing this year.
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Citi Bahrain launches new online banking platform
Citibank Bahrain has launched its new online banking platform and the Citi mobile app service, a report said.
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Physical proof for energy from gravity invention
Dutch architect and scientists have delivered proof of principle for what started years ago with the question "Can we get energy from gravity?" The invention can now lead to a sustainable home energy generator.
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PetroRabigh construction delay to raise project cost
Saudi Arabian petrochemical company PetroRabigh said on Thursday it would again delay completion of an expansion project, raising the cost of the project to SR34 billion ($9.1 billion).
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Lebanon's Middle East Airlines inks new deal with Sita
Lebanon national carrier Middle East Airlines - Air Liban (MEA) has signed a new five-year master agreement with global communications provider Sita to introduce new, faster connectivity across the airline’s network.
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du, Gemalto demonstrate multi-device e-SIM
UAE-based telecommunications service provider du has demonstrated e-SIM for the first time in the Middle East, in collaboration with Gemalto, a world leader in digital security.
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First Aston Martin DB11 comes off production line
Aston Martin has commenced production of its highly anticipated DB11 for UK customers, the first core car launched under the luxury carmaker’s six-year ‘Second Century Plan’.
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New Nissan Patrol and Navara launched in Bahrain
The new Nissan Patrol 2017 and pick-up Navara were launched by Y K Almoayyed and Sons during a ceremony held at Royal Golf Club Bahrain.
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Scientists fix fractures with 3D-printed 'bone'
Scientists in the US have successfully treated broken spines and skulls in animals using 3D-printed synthetic bone, opening the possibility of future personalised bone implants for humans to fix dental, spinal other bone injuries.
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Samsung showcases HDTVs at IFA 2016 in Berlin
Samsung showcased its SUHD TVs with Quantum dot display incorporating video, lighting and musical elements designed by a team of rising German artists at IFA 2016, a consumer electronics show in Berlin, Germany.
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1m job seekers contacted via Bayt.com CV Search
More than one million job seekers were contacted by employers during 2015 using the CV search feature on Bayt.com, a leading job site in the Middle East.
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US approves Boeing, Lockheed fighter jet sales to Gulf
The US has approved $7 billion in long-stalled sales of Boeing fighter jets to Kuwait and Qatar, and more than $1 billion in Lockheed Martin jets to Bahrain, sources familiar with the decision said.
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