Tuesday 27 September 2016

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MINISTERS' PAY REDUCED
Saudi Arabia cuts public sector bonuses

Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting.

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1

PROCESS TO BE EASED
Egypt eyes $10bn in foreign investment

Egypt hopes to attract $10 billion in foreign direct investment next year and will automate the process of establishing a company, its investment chief said, highlighting efforts to revive the economy and earn much-needed hard currency.

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2

URBAN MIXED-USE CITY
Dubai Holding unveils Jumeirah Central masterplan

Dubai Holding has unveiled the approved masterplan of Jumeirah Central, a game-changing district development on Dubai's Sheikh Zayed Road, designed by Californian architects 5+design.

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3

ANALYSIS
Majority of UK CEOs mull moving ops abroad post-Brexit

Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

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4

ANALYSIS
Opec in new push to clinch key output freeze deal

Behind the scenes, Opec experts are trying to work out last-minute details for an output-limiting deal that would impress the market but also allow oil ministers to claim victories at home in front of their respective domestic audiences.

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5

NEWS IN PICTURES
Show of might

An EXTRA 300 of Romanian Air Club (F) is seen on the runway during the airshow 'Chisinau International Air Show 2016' held to mark Civil Aviation Day at the International Airport of Chisinau, Moldova, on September 25.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Red Sea Housing rolls out game-changer product

Saudi-based Red Sea Housing Services Company has launched its pre-fabricated range of products built using innovative modular construction techniques which are ideal for residential and hospitality projects.

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Retail & Wholesale

Abraaj Group acquires stake in Mexican fashion footwear firm

The Abraaj Group, a leading investor operating in global growth markets, has announced the acquisition, through its funds, of a significant minority stake in Capa de Ozono, a leading fashion footwear designer and distributor in Mexico.

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Energy, Oil & Gas

Saudi Aramco plans to spend $334bn in next 10 years

Saudi Aramco is forecast to spend about $334 billion on various sectors including materials and services such as infrastructure and projects to maintain oil capacity by 2025, an Aramco official said on Monday.

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Finance & Capital Market

Saudi Arabia cuts public sector bonuses

Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting.

More…
Analysis, Interviews, Opinions
Industry, Logistics & Shipping

GlassPoint showcases solar solutions for oil production

GlassPoint Solar, a leading supplier of solar solutions to the oil and gas industry, is showcasing its proven solar steam generating technology at the Society of Petroleum Engineers Annual Technical Conference and Exhibition in Dubai.

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Travel, Tourism & Hospitality

Qatar's new transit visa rules facilitate easy entry

Qatar Tourism Authority, Qatar Airways and the Ministry of Interior have revised the tourism visa scheme available to transit passengers in a move to promote the country as a world-class stopover destination.

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IT & Telecommunications

SMEs ‘lacking in strategy for digital workplace’

SMEs across are Europe, Middle East and Africa (EMEA) are keen to integrate digital and mobile technologies into the workplace, but over half of them do not have a strategy in place to achieve this, new research suggests.

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Lifestyle

Luxury Closet raises $7.8m financing

Theluxurycloset.com, a major online marketplace that deals in personal luxury goods, mostly pre-owned and at a discounted price, has closed a $7.8 million Series B round of funding.

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Motoring
Media & Promotion

Oman court jails journalists, closes down newspaper

A court in Oman on Monday ordered the permanent closure of a newspaper which had reported on alleged corruption within the judiciary, and jailed three of its journalists on charges that included undermining the prestige of the state.

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Education, HR & Training

Engineering, production jobs rise in UAE

Demand in sustainable energy and digital infrastructure projects have resulted in a two per cent rise in online recruitment in engineering and production professionals in August this year, compared to last year, says a report.

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Miscellaneous

UAE plans new laws soon to regulate drones

The United Arab Emirates will finalise laws to more heavily regulate the sale of drones and their operations soon, aiming to minimise risks posed by unmanned aerial vehicles, an official at the aviation regulator said on Monday.

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