DUBAI / Reuters Second-quarter earnings in Saudi Arabia’s petrochemical industry beat expectations as producers reaped the benefits of volatile oil prices, but companies look unlikely to be as lucky in the second half of this year. Combined net profits of the kingdom’s 14 listed petrochemical firms, announced over the past couple of weeks, fell by a fifth from a ...

  Dubai / Emirates Business Live next door to the most culturally vibrant destination in the city with Emaar Properties on Sunday unveiling an exclusive collection of residences located adjacent to the stately Dubai Opera, the iconic centerpiece of The Opera District in Downtown Dubai. The all-new ‘Act One | Act Two’ residences are seated in exceptionally designed 52- and ...

  Dubai / Emirates Business du delights customers by expanding its retail footprint in Dubai with the grand opening of a new du Shop at Wafi Mall. Customers in the vicinity now have a new du retail outlet for all their account needs. The Shop in Wafi Mall will offer all services related to consumer and enterprise fixed and mobile ...

  Dubai / WAM Dubai Electricity and Water Authority ( DEWA) launched its annual peak load campaign, to raise awareness about adopting a more sustainable lifestyle, and rationing electricity and water use to conserve natural resources, protect the environment, and reduce Dubai’s carbon footprint. The campaign encourages the public to cut down on using energy during the peak load period of ...

  Abu Dhabi / WAM ADNOC Distribution announced the launch of a special safety campaign, entitled ‘Safety: It’s in Your Hands’, to raise public awareness on the correct ways of transporting, handling, and using Liquefied Petroleum Gas (LPG) cylinders and their regulators. The campaign, which begins tomorrow and run until August 29, will primarily target communities across the northern regions, where ...

  Dubai / WAM The Dubai Parks and Resorts on Sunday announced the release of its official theme song, entitled “All the Wonders of the Universe”, as part of a pre-launch campaign to introduce the destination ahead of its opening in October, this year. The song is the soundtrack to a new short film which brings to life Dubai Parks and ...

  Aden / WAM Emirates Red Crescent (ERC) provided local authorities in Aden with nine special vehicles for combating epidemics that have spread across the governorate, such as dengue fever and malaria, due to the difficult conditions triggered by recent events. The ERC delegation delivered the vehicles to Under-Secretary of Aden Governorate Mohamed Nasr Al Shazali, as part of the programme ...

  In the public imagination, no industry better symbolizes the downfall of US manufacturing than steel. Shuttered plants dot the Midwest. Since 1973, steel employment has dropped 76 percent, from 610,700 to 147,300 in 2015. Moreover, the culprit seems clear — trade — and its influence seems pervasive: Manufacturing as a whole lost about 5 million jobs from 2000 to ...

  Birds of a feather flock together. It applies to Donald trump and his team of billionaires. The Republican presidential candidate has unveiled an economic team that’s a mirror image of the candidate. The 13-member team includes several billionaire bankers and investment managers. They are all men. And they have been in business with Donald before. Here lies the dichotomy. ...

  The global economy desperately needed some good news. That’s what it got in the latest US jobs report. Ahead of today’s release of the US employment report for July, the mood was decidedly gloomy, with economic activity slowing in most other advanced countries, the UK facing a real and present danger of an economic recession and the risk of ...