Tuesday 7 July 2015
 
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recovery

Oman Air’s IT Disaster Recovery unit to relocate

Oman Air’s IT Disaster Recovery infrastructure will move from its current location to a state-of-the-art data park in Muscat.      The move will follow the signing of an agreement between Oman Air and Oman Data

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Egypt no longer sees full tourism recovery this year

Egypt no longer expects its tourism industry, battered by three years of political upheaval, violence and street protests, to fully recover by the end of the year, the tourism minister said. "I don't think (the tourism ma

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Global oil prices recovery to take time, says IEA

Oil prices may have further to fall and a rebound could take some time, despite increasing signs that the downtrend will end, possibly in the second half of this year as North American supply growth slows, the West's energy watchdog said.

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Cairo's residential market shows signs of recovery

The residential property market in Cairo, Egypt, showed signs of strengthening in the second quarter of 2014 due to the new projects that had been announced recently, said a report. The apartment and villa sale prices in the Egypt

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Former F1 champion Schumacher leaves hospital for home

Michael Schumacher has left hospital to continue his recovery at home but the former Formula One champion faces "a long and difficult road ahead" after his skiing accident last year, a statement said. "Henceforth, Michael

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Former F1 champion Schumacher leaves hospital for home

Michael Schumacher has left hospital to continue his recovery at home but the former Formula One champion faces "a long and difficult road ahead" after his skiing accident last year, a statement said. "Henceforth, Michael

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OBG report to focus on Dubai recovery

Dubai’s recovery story, which is set to receive a further boost as preparations for Expo 2020 gain momentum, will be charted in a forthcoming report to be produced by the global publishing firm Oxford Business Group (OBG). T

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Euro plunges to three-month low

The euro fell to a three-month low against the dollar and a 17-month trough against the pound on Friday after a disappointing report on German business sentiment supported the view the European Central Bank will cut interest rates next month.

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Euro zone recovery on track

US manufacturing growth was solid in the first quarter and a return to expansion in French business activity this month suggested a recovery was taking shape in the euro zone, though China's factory sector stuttered in the early part of 2014

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Debt casts deep shadow over Egypt's recovery

After Egypt's new finance minister took office last month, one of his first acts was to downgrade the government's assessment of its finances. Hany Kadry Dimian said this year's budget gap would be about a third bigger than his prede

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