Sunday 21 September 2014

How UAE’s private sector can improve Emiratisation

There has been an increasingly competitive talent attraction landscape amongst UAE businesses for some time now, with many companies, particularly in the private sector, struggling to recruit enough Emirati nationals to fulfil goals laid out by the government. Gavin Smith, managi


Dollar's rally bad news for oil, multinationals

The asset with the greatest prowess of late has been the US dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies. The greenback's recent gains have lifted the dollar index - a measure of the dollar's value relative to six cu


Food companies, hotels add protein to beef up profits

Though diet studies disagree about what's worse for you, carbohydrates or fat, most say nice things about eating protein, including its potential for better weight control. US consumers have taken note, and so have food manufacturers and restaurant chains. More than a dozen c


How Islamic State uses Syria's oil to fuel its advances

In an oil field in northeastern Syria, a queue of trucks lines up daily to load crude sold cheaply by Islamic State militants who have hijacked parts of the country's energy industry in their bid to build a caliphate. Sales at Shadada field, described by an oil trader, are just o


Virtual meets real in Media-Saturn's new store

Europe's top electronics retailer Media-Saturn unveiled a new store with access to more products via a giant video wall and a drive-in collection point for online orders, aiming to better link online and offline shopping and fight back against internet specialists. Media-Satu


Telecom towers on track to hit 5m worldwide

The number of telecom towers built across the world will rise by one million to hit the 5-million milestone by 2020, a report said. Currently, there are four million telecoms towers installed in the world, and the number is growing at a compounded annual growth rate (CAGR) of 4.1


Use of antibitics by poultry firms sparks superbug debate

Major US poultry firms are administering antibiotics to their flocks far more pervasively than regulators realise, posing a potential risk to human health, says a Reuters report. Internal records examined by Reuters reveal that some of the nation's largest poultry producers r


Power cuts ‘biggest hurdle to investment in Egypt’

Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country's investment minister said on Tuesday. Electricity shortages mean the country often has intermittent outages for hours a day, hitti


New global plans aim to crack down on tax avoidance by firms

Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google and to shave billions of dollars off their tax bills. The Organisation for Economic Co-operation and Development (OECD) announc


New UAE rules aim to develop local bond, sukuk markets

New rules issued by the UAE's securities market regulator aim to develop local currency bond and sukuk markets in the Arab world's second biggest economy. In meetings with potential issuers and financial firms in Abu Dhabi and Dubai this week, the Securities and Commoditi

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