October, 2016

• 13 October

  SMEs oil the wheels of GCC economy

  

    DUBAI / Emirates Business As much as 94% of all companies in the UAE are SMEs. Together, they contribute 30% of the country’s GDP, and employ 72% of the country’s working population. The figures come from BLOOVO.COM’s latest research on the beneficial role SMEs play in catalysing economic diversification and employment regionwide. SMEs operate extensively throughout the rest of ...

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• 13 October

  Skytrax 5-Star rating for Etihad Airways

  

    ABU DHABI / Emirates Business Etihad Airways has received the Skytrax Certified 5-Star Airline Rating — the most coveted quality standard in the airline industry, further strengthening its position as a leader in innovative guest experience, service and hospitality. The rating follows an exhaustive three month audit of the airline’s global product and service offering by the London-based research ...

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• 13 October

  EY MENA to offer new growth solutions model

    Dubai / Emirates Business EY MENA announces the launch of EY Growth Solutions — a new business model of innovative on-demand solutions, offering companies access to subscription services with inbuilt flexibility, standardization and competitive pricing. Gerard Gallagher, MENA Advisory Leader, EY, says: “Companies in the region are impacted by new taxes like VAT, digital innovations and changing customer demand. ...

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• 13 October

  Alfred Basbous’ masterpieces on display at expo in Dubai

  

    Dubai / Emirates Business In collaboration with Artspace Dubai, The Alfred Basbous Foundation inaugurated on Thursday its fourth exhibition in Dubai. “Figurative to abstraction”, a two part exhibition of selected studies, drawings and works of the late renowned artist will stay on view until November 10, and the second part taking place on November 23, until January of next ...

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• 13 October

  Egypt ‘gets’ $2bn Saudi deposit in IMF deal boost

  

    Bloomberg Egypt has received a $2 billion deposit from Saudi Arabia, an Egyptian central bank official said, bringing it closer to securing a $12 billion loan from the International Monetary Fund. The official, who asked not to be identified because the information isn’t yet public yet, didn’t specify when Egypt received the funds. Net foreign reserves rose by $3 ...

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• 13 October

  Saudi Arabia tenders to buy 595,000 tonnes of hard wheat

    Bloomberg Saudi Arabia’s main state grain buyer SAGO said on Thursday it was seeking to purchase 595,000 tonnes of hard wheat from global suppliers in an international tender. The deadline for submitting offers was 2359 Saudi time (2059 GMT) on Oct. 14, with the wheat due to be shipped between Dec. 1, 2016 and Jan. 30, 2017, it said. ...

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• 13 October

  OPEC-Russia roadshow heads to Vienna for oil-cuts talks

  

    Bloomberg OPEC’s effort to secure cooperation of non-members in a global deal to curb crude output will roll on from Istanbul to Vienna, with Russia on board but growing internal differences over sharing the burden of cuts. Russia is ready to participate in a “technical exchange” to set a road map for oil production levels in the Austrian capital ...

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• 13 October

  Libya oil output to hit 3-year high by Dec

    Bloomberg Libya’s oil production is set to reach a three-year high by December as fields restart and ports reopen after five years of armed conflict crippled sales. Output is now 540,000 barrels a day and will reach 900,000 barrels by the end of the year, Libya’s National Oil Corp. Chairman Mustafa Sanalla said Wednesday in Istanbul. That would be ...

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• 13 October

  Turkey, Israel to examine building gas pipeline

    Istanbul / AFP Israel and Turkey on Thursday agreed to open discussions on building a gas pipeline to pump Israeli gas to Europe, as the Israeli energy minister made the first ministerial visit since a crisis in ties. Israeli Energy Minister Yuval Steinitz met his Turkish counterpart Berat Albayrak in Istanbul, the highest level official meeting since the two ...

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• 13 October

  Now, let robots organize your photos and videos

  

    NEW YORK / AP If you’re like many people, you have thousands of photos on your phone, long forgotten after you’ve posted a few on Instagram or Facebook. They don’t have to stay forgotten. Apple and Google are both applying a form of artificial intelligence called “machine learning” to organize your pictures and video — and along the way, ...

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