News

  Ritika Sharma / Emirates Business Driven by demand, spa and wellness industry in the region is poised for a double digit growth in next two years, experts say. Coming years are expected to see a considerable rise of 19 percent in the region as far as the number of wellness brands or spas are concerned. UAE alone is expecting ...

  Ritika Sharma / Emirates business Medical Technology (MedTech) industry in the Middle East and North Africa region, which employs more than 140,000 people, is preparing for a strong growth in coming years. The MedTech market which includes developers and suppliers of medical devices and diagnostics is presently worth over $7 billion and is expected to reach the mark of ...

  Dubai / Emirates Business ENOC Global Marine, a specialised business division of Emirates National Oil Company (ENOC), is set to expand its international footprint through a shipping agreement with Dubai Trading Agency (DTA). The partnership enables DTA to be a key distributor of ENOC’s marine lubricants portfolio in both local and global markets. Along with having rights to distributing ...

  Sharjah / Emirates Business The first step towards the establishment of an Emirates Librarians’ Association has been taken with an inaugural meeting held to discuss it in detail. Held at Sharjah Public Library, the meeting followed the call made by Sharjah Book Authority (SBA) in April for setting up of a dedicated librarians’ organisation to promote high quality UAE ...

  Dubai / Emirates Business LinkedIn, the world’s largest professional network, has announced findings from its annual 2016 MENA Talent Trends study providing new insights into job seekers’ top priorities, and how recruiters can effectively engage potential candidates and compete for the best talent. The findings ultimately reveal that almost everyone is interested in hearing about new job opportunities, even ...

  Reuters Kuwait is considering privatising its oil services sector, a senior finance ministry official said, although any plans would not include its production capability. The finance ministry and state-run Kuwait Petroleum Corporation are studying which sectors and services may be privatised, Undersecretary Khalifa Hamada told a news conference. Gulf governments are being forced to consider measures such as privatisations, ...

  Bloomberg Crude oil will rise to a range of $50 to $60 a barrel until at least 2018 as demand increases and markets absorb an oversupply that’s led to lower prices over the last two years, according to the acting oil minister of OPEC member Kuwait. OPEC should stick with its policy of pumping at near record levels as ...

  Bloomberg Libya’s government of national unity is working to reopen four of the OPEC country’s biggest oil ports after securing a deal to unify the fractured nation’s state energy company. Four ports accounting for about 860,000 barrels a day in crude-exporting capacity have been shut due to political turmoil and fighting. A July 2 deal to unify rival administrations ...

  Bloomberg Kuwait is taking steps to sell minority stakes in as many as four units of the state oil producer as the Middle Eastern government plans to tap global capital markets for funds and improve efficiency in its most important industry. The government has a four-year plan to organize and execute sales of shares in the international units and ...

  Riyadh / AFP Their heads bowed, young Saudi men concentrate on exam papers in a workshop filled with industrial machines that will help them earn a living. The students at the Higher Institute for Plastics Fabrication (HIPF) learn to manufacture plastic bags, pipes, bottles and other products, skills they immediately put to work in what the government says is a ...