September, 2016

• 25 September

  SMEs keen to integrate tech into workplace

  

    DUBAI / Emirates Business The leadership of small and medium enterprises (SME) across organizations in Europe, Middle East and Africa (EMEA) are keen to integrate digital and mobile technologies into the workplace, but over half of the same organisations do not have a strategy in place to achieve this, new research suggests. Aruba, a Hewlett Packard Enterprise company, conducted ...

  Read More »
• 25 September

  Unilever partners with Dubai Chamber for ‘brighter future’

    Dubai / Emirates Business Unilever, in collaboration with the Dubai Chamber’s Sustainability Network, has hosted a multi-sectoral collaboration event to galvanise support for United Nations’ Sustainable Development Goals (SDGs) as well as the goals espoused by the UAE Vision 2021. The event was held on Sunday on the Dubai Chamber premises in Deira. The multi-sectoral event, held under the ...

  Read More »
• 25 September

  Majority of employers in MENA plan to hire soon

  

    DUBAI / Emirates Business The recent Middle East Job Index survey, compiled by the Middle East’s leading job site, Bayt.com, and research and consulting group, YouGov, has revealed that the majority of employers across the Middle East and North Africa (MENA) intend to hire soon, with 65% of those in the GCC planning to hire in the next three ...

  Read More »
• 25 September

  Riven by rivalries, OPEC heads to key talks

  

    Paris / AFP Cartels only work when their members stick together — but precious little unity is likely to be on show among OPEC producers at a key meeting in Algiers on Wednesday. Members of the Organization of the Petroleum Exporting Countries seem doomed to disagree on whether to freeze production to reverse a collapse in oil prices. At ...

  Read More »
• 25 September

  Oil services find hope in giant windmills anchored to ocean bed

  

    Bloomberg Gulf Island Fabrication Inc. has for decades built hulking platforms to extract oil and natural gas from the seabed. With the collapse of offshore drilling, the company has turned to helping harvest another energy resource: wind. Gulf Island built all five turbine foundations for the first US offshore wind farm, which is expected to go into service in ...

  Read More »
• 25 September

  Algeria sees oil market in ‘critical’ shape ahead of OPEC talks

  

    Bloomberg The oil market is in “much more critical” shape than when OPEC last met and its members must seek ways to stabilize crude prices, possibly by freezing or cutting output, Algeria’s energy minister said ahead of talks among the group’s members this week in Algiers. Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, is ...

  Read More »
• 25 September

  Work on KIPCO real estate project in Kuwait begins

    KUWAIT / Reuters Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, said on Sunday construction had begun on its $2.0-$2.5 billion real estate project in Kuwait, which has been downsized by around half from its original estimated cost. The mixed-use project, which had previously been valued at $5 billion, was scaled down after an earlier estimate did ...

  Read More »
• 25 September

  Mystery of oil held on Chinese islands puzzles crude markets

  

    Bloomberg China’s got the world puzzling over its oil hoard. From underground caverns by the Yellow Sea to a scattering of islands in the Yangtze River delta, the government has been stockpiling crude for emergencies in a network of storage sites dotted around the country. Record purchases this year by the world’s biggest energy consumer have helped oil prices ...

  Read More »
• 25 September

  Gulf stocks drop after scepticism over Algiers talks sinks crude

  

    Bloomberg Stocks in Dubai and Saudi Arabia led a drop in Gulf equities following a slump in the price of oil stoked by fading prospects for an output deal between major producers. The DFM General Index and Tadawul All Share Index both declined 0.6 percent on Sunday, with the Saudi gauge posting its fourth loss in five sessions as ...

  Read More »
• 25 September

  Earnings, algorithms no match for Yellen as stocks jump

    Bloomberg The Federal Reserve may not be the only thing obsessing U.S. investors these days. But going by the rally that followed Janet Yellen’s decision to hold interest rates steady, it’s the biggest thing. Throwing off concerns ranging from falling earnings to the machinations of automated traders, the S&P 500 Index surged 1.2 percent last week, the biggest gain ...

  Read More »