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Cairo / AFP At least 70 people were injured in Egypt on Thursday when a passenger train derailed and two of its cars overturned, the health ministry said. The accident occurred in Bani Sueif province south of Cairo as the train was headed to the Egyptian capital from the temple city of Luxor. “Fifty-eight people were treated for their injuries ...

Paris / AFP Around 4.5 million pupils in OECD countries have failed to attain a sufficient level of proficiency in either reading, maths or science at the age of 15, according to a new study released by the think-tank. That figure equates to more than one in four of 15-year-olds in the 34 OECD nations. Analysis of results from the ...

RITIKA SHARMA / Emirates Business Emiratisation rang loud and clear at the ongoing National Career Exhibition 2016, Sharjah. Backing UAE’s pledge to nurture local talent and provide superior training and growth opportunities to Emiratis, participating companies said they were fully dedicated to create a national workforce. Rashed Al Ansari, General Manager, Al Ansari Exchange, one of the main participants at ...

Sunaina Rana / EMIRATES BUSINESS Economic confidence among CEOs in the MENA region has hit a three-year low in the final quarter of 2015, according to a new survey, which attributes the trend to oil price plunge and political, social unrests in many of the nations. The YPO Global Pulse Confidence Index for the MENA declined for the fifth consecutive ...

Ritika Sharma / EMIRATES BUSINESS Gains are in for interior fit-out companies in the UAE as real estate in the region is getting a push from the ensuing Expo 2020. The estimated size of the interior and fit-out market grew at a pace of 8.5 percent and reached US$7.98 billion in 2015. On the same lines, Cloisall, the GCC’s leading ...

Sunaina Rana / EMIRATES BUSINESS UAE government enterprises will gain access to some of the world’s smartest applications in 2016 through their new cloud services, according to telecom giant du and software leader SAP. The announcement was made during the World Government Summit held in Dubai. The collaboration between the two organisationswill create digitalization and innovation across the country. According ...

Dubai / EMIRATES BUSINESS The Bayt.com ‘Passion for Work in the Middle East’ survey, recently conducted by Bayt.com – the Middle East’s leading career site – has revealed that the overwhelming majority of respondents from the Middle East and North Africa (MENA) feel that the work they do adds purpose to their life (91.5%). Another 75% of MENA respondents are ...

Singapore/ AFP US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC. The decline came despite the weekly US Department of Energy report showing USA oil stocks fell about 800,000 barrels for the week ending on February 5, with traders ...

Bloomberg The world is so awash with crude, the boss of BP Plc said people will be filling their “swimming pools” with it by the end of the year. While the company’s Chief Executive Officer Bob Dudley bemoaned this bearish outlook for oil, traders were eyeing a potentially profitable opportunity: turning supertankers into temporary floating storage facilities. Trading houses including ...

Singapore/ AFP US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC. The decline came despite the weekly US Department of Energy report showing US oil stocks fell about 800,000 barrels for the week ending February 5, with traders seeing ...