Blog List Layout

  Bloomberg The strength of Australia’s jobs market is being overstated by a surge in casual positions and an inability by workers to secure more hours. While the unemployment rate fell to 5.7 percent in July from 6.3 percent a year earlier, 87 percent of the jobs created in that period were part-time: a definition that covers anything from 1 ...

  Dubai / WAM Dubai International Financial Centre (DIFC), has recorded strong growth in H1, 2016, becoming the number one financial centre in the Middle East and Africa, with 143 new companies licensed, including 39 leading financial firms. The DIFC has registered significant growth in workforce to over 21,000 professionals across more than 1,500 firms and continued infrastructure development including launch ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said on Wednesday that the private sector is a key partner to the public sector in the UAE’s economic development growth and in the country’s ambitious vision for comprehensive development. Sheikh Mohammed made the remarks while visiting the IMG ...

  Abu Dhabi / WAM The federal government takes interest in the national companies that work within the food diversity ecosystem, Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment said. While touring the National Feed and Flour Production and Marketing company in Abu Dhabi, he praised the company’s role in preserving national food diversity, noting that such ...

  AFP Cyprus and Egypt signed a deal on Wednesday paving the way for detailed negotiations on a submarine pipeline to export natural gas from the Mediterranean island to its energy-starved neighbour. Cyprus has been eager to secure alternative ways to exploit its offshore reserves after proven finds so far were insufficient to make a planned liquefied natural gas plant ...

  AFP Eurozone inflation and jobless data on Wednesday fell short of analyst forecasts as the economy bumps along amid speculation the European Central Bank will have to adopt more stimulus measures. The official EU statistics agency Eurostat said eurozone consumer prices rose 0.2 percent in August, the same rate as in July. Eurozone unemployment meanwhile was unchanged at 10.1 ...

  Dubai / Emirates Business Rents on prime office assets across the MENA region continued to increase at around the same pace recording an average growth of 11.3% per annum in the year to Q2 2016 compared to 11.9% per annum in the year to Q1.This confirms the ‘2 tiered’ nature of the market across the region with demand for ...

  Dubai / Emirates Business IMG Worlds of Adventure, the world’s largest indoor theme park, opened its doors on Wednesdayfor the very first time. Wholly owned by the Ilyas and Mustafa Galadari Group and managed by IMG Worlds, IMG Worlds of Adventure is the first international mega-themed park to open in Dubai and will redefine the modern theme park experience ...

  Bloomberg India is aspiring to compete with the likes of Singapore and Hong Kong for foreign entrepreneurs by offering residence in return for investment. Foreigners investing 100 million rupees ($1.5 million) over 18 months, or 250 million rupees over three years, would be eligible to live in India for 10 years, the government said in a statement in New ...

  Bloomberg Foreign investors’ infatuation with Vietnam is waning. After pumping in $3.4 billion since 2006, overseas traders are set to be net sellers of assets traded on Ho Chi Minh City Stock Exchange this year for the first time in a decade, according to data compiled by Bloomberg. While the benchmark VN Index is near an eight-year high, MSCI ...