Thursday 29 September 2016

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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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1

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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2

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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3

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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4

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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5

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.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

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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Retail & Wholesale

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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Energy, Oil & Gas

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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Analysis, Interviews, Opinions

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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Industry, Logistics & Shipping

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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Travel, Tourism & Hospitality

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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IT & Telecommunications

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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Lifestyle

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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Health & Environment

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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Media & Promotion

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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Education, HR & Training

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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Miscellaneous

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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