August, 2016

• 2 August

  Bayt.com conducts CV evaluation clinic

  

    Dubai / Emirates Business Bayt.com, the Middle East’s top job site, has recently held a one-day CV evaluation clinic to offer jobseekers in Dubai free consultations on how to write the perfect CV. Professionals who are actively seeking employment in Dubai and the UAE received essential tips on creating a CV that truly stands out—one that is both interesting ...

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• 2 August

  ADFG wins award for strides in real estate

    Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG) has been recognised at the prestigious Global Investor/ISF Awards 2016, held in London, UK, winning the accolade for ‘Emerging Markets Real Estate Manager of the Year’. With a portfolio of more than $4bn in real estate projects, comprising over seven million square feet, ADFG currently manages prominent developments across ...

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• 2 August

  Farnek expands with new acquisitions

    Emirates Business Leading UAE based total facilities management company, Farnek, announced that it has acquired multi award-winning specialist hygiene cleaning company Smashing! Cleaning Services. Smashing! which was formed in 2004, is one of the UAE’s leading hygiene cleaning services providers, with an annual turnover in excess of AED 10 million. Its 65 highly skilled technicians manage 2,500 customers, many ...

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• 2 August

  Mideast region climbs up the ‘hygiene’ ladder

    ABU DHABI / Emirates Business The demand for tissue products, especially in the away-from-home (AfH) sector, in the Near and Middle East remains robust, a recent study reveals. According to the ‘Outlook for World Tissue Business Forecast’ by RISI, the region will witness a surge in the sector at an average annual rate of 6.5 per cent from 2013 ...

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• 2 August

  Oil trades near $40 after retreat into bear market

  

    Bloomberg Oil traded near $40 a barrel before weekly U.S. government stockpile data and after falling into a bear market on concern the global supply glut will persist. Futures added 0.4 percent in New York after dropping below $40 on Monday for the first time since April. While crude and gasoline inventories are forecast to have declined, they will ...

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• 2 August

  Analysts see $57 crude next year

  

    Bloomberg Oil closed in a bear market, but don’t abandon hope. Analysts are looking beyond the current slide to next year for a rebound. Crude has plunged by more than a fifth in less than two months as refineries created a glut of gasoline while failing to eliminate excess supply of crude. That wrecked refining margins and hurt the ...

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• 2 August

  Kuwait to raise gasoline prices to make up oil revenue drop

  

    Bloomberg Kuwait’s government approved an increase in prices of gasoline sold locally by as much as 83 percent, becoming the latest oil-rich Arab nation to cut subsidies as lower crude prices squeeze finances. The OPEC member will raise the price of the lowest octane gasoline by 42 percent to 85 fils per liter (30 cents) starting September, local media ...

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• 2 August

  Egypt studies eight state-owned oil companies for IPO

    Reuters Egypt’s Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange or share issuances, Petroleum Minister Tarek El Molla told Reuters on Tuesday. The Egyptian presidency announced in January that Egypt would soon offer shares of “successful” state-owned companies and banks on the local bourse – its ...

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• 2 August

  BCG’s new biz analyst programme to churn our young Saudi talents

  

    Emirates Business In line with its steadfast commitment to supporting the realization of the Saudi Vision 2030 — and its related strategic goals — The Boston Consulting Group (BCG) has inaugurated a year-long Business Analyst Program in the Kingdom. The initiative is especially designed to help nurture young Saudi talents and equip the nation’s youth with the tools, knowledge, ...

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• 2 August

  Japan OKs huge stimulus to boost nation’s economy

  

    AFP Japan’s cabinet on Tuesday approved a mammoth 28-trillion yen ($273 billion) package in its latest attempt to stimulate lacklustre growth, including cash to improve infrastructure and raise the birthrate in the ageing nation. The stimulus plan announced last week is the latest in a series in recent years designed to fire up the world’s number three economy. “We ...

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