August, 2016

• 28 August

  Ryanair deepens fare cuts to fill jets

  

    Bloomberg Ryanair Holdings Plc told analysts it’s cutting prices more than anticipated this summer, helping to boost bookings and increase occupancy levels on its flights. Ryanair’s yield, a measure of revenue per kilometer flown that reflects fares, is expected to fall between 8 and 9 percent over the first half ending Sept. 30, steeper than the 6 to 8 ...

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• 28 August

  Amazon dabbling with a 30-hour work week for certain teams

  

    AFP US online retail titan Amazon, which has been accused of fostering a cutthroat workplace atmosphere, will try out teams that log 30-hour work weeks, the Washington Post reported. The employees will receive the same benefits as those putting in 40-hour weeks, but get three-quarters of the pay, according to the Post, which is owned by Amazon chief executive ...

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• 28 August

  Dollar-store chains tumble after food-stamp cuts hurt sales

  

    Bloomberg Shares of Dollar General Corp. and Dollar Tree Inc. tumbled after the discount retailers posted disappointing sales, a sign that cuts in food-stamp programs are taking a toll. Dollar General’s second-quarter revenue and profit both missed analysts’ estimates. Its same-store sales — a closely watched measure — grew just 0.7 percent in the period, compared with the 2.6 ...

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• 28 August

  Summer campaign gives Sharjah tourism a boost

  

    Dubai / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) said that this year’s international summer campaign had a positive effect on the tourist numbers in the Emirate. The SCTDA campaign which ran in collaboration with the emirates accommodation sector was run in parallel with the Sharjah Chamber of Commerce and Industry’s summer campaign which promoted the commerce ...

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• 28 August

  Majority of UAE professionals prefer to be own bosses

  

    Dubai / Emirates Business Entrepreneurship is a source of economic growth in all parts of the world, and in many Middle Eastern countries it is one of the main economic drivers. Bayt.com, the Middle East’s leading job site, teamed up with YouGov, a pioneer in online market research, to ascertain the current levels of understanding and interest in entrepreneurship ...

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• 28 August

  Citrix, Microsoft to transform app delivery from the cloud

    ABU DHABI / Emirates Business Citrix has announced its intent to take its cloud-first, mobile-first approach to new heights through its partnership with Microsoft by developing the next generation of the Azure RemoteApp service. The offering will combine the simplicity and speed of Microsoft Azure RemoteApp with many of the enterprise capabilities of Citrix XenApp to revolutionize app delivery from ...

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• 28 August

  dubizzle looks into luxury motors trend in the UAE

    Dubai / Emirates Business dubizzle, the UAE’s leading classifieds platform, has published its first ever luxury and prestige motors report looking at trends over the first seven months of 2016. According to the report, almost 145,000 car ads were posted, with over 7,000 luxury car ads, including Porsche and Bentley, and 36,000 prestige car ads, including Mercedes-Benz and BMW, ...

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• 28 August

  Iraq set on expanding crude output to gain market share

  

    Reuters Iraq is willing to play an active role within OPEC to support oil prices but will not sacrifice its goal of expanding market share and will continue to ramp up output, its oil minister said. Jabar Ali al-Luaibi, on a visit to the southern oil city of Basra, renewed calls for local and international oil companies in Iraq ...

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• 28 August

  World’s 200-yr energy demand boom seen peaking by the 2050s

  

    Bloomberg Global energy demand has been growing at a breakneck pace since the 19th century. That’ll change in about 40 years, according to Sanford C. Bernstein & Co. Demand will peak in the 2050s and then begin to weaken as energy consumption per unit of gross domestic product declines, Bernstein analysts including Neil Beveridge said in a note Aug. ...

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• 28 August

  Saudi says Aramco IPO on track as it weighs best approach

  

    Bloomberg The initial public offering of Saudi Arabian Oil Co. remains on track while the government considers how to meet all its objectives from the sale of a stake in the world’s biggest oil company, the kingdom’s Energy Minister said. Saudi Arabia hopes to list the company, also known as Saudi Aramco, in early 2018, Energy Minister Khalid Al-Falih ...

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