July, 2016

• 17 July

  Wow! Your friend with your trendy vacation selfies

  

    Our Correspondent / Emirates Business Summer has arrived and the vacation season beckons. Before we know it, millions of holidaymakers from the GCC region will be travelling the across the world, clicking countless holiday photographs with family and friends. However, few holiday photos are classics — and for good reason. When having fun with the family, many don’t want ...

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• 17 July

  Saudi among ‘top movers’ in ICT

  

    Jeddah / TNS The Kingdom ranked 33rd among 139 countries in the technology sector to be classified by the World Economic Forum as “top movers” in the field of information and communication technology. The Kingdom is trying to enter the club of top seven in the ICT world. The Ministry of Telecommunication and Information Technology said in a statement recently ...

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• 17 July

  Saudi’s National Commercial Bank Q2 net profit rises 3.2 pct

    REUTERS Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s listed largest lender, reported a 3.2 percent rise in second-quarter net profit on Sunday, at the low end of analysts’ forecasts. The bank made a net profit of 2.44 billion riyals ($665 million) in the three months to June 30, up from 2.36 billion riyals in the same period of ...

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• 17 July

  Saudi shipper Bahri agrees with APICORP launch $1.5 bln VLCCs fund

    REUTERS National Shipping Company of Saudi Arabia (Bahri) said on Sunday it signed a deal with Arab Petroleum Investments Corp. (APICORP) to launch a $1.5 billion investment fund that could buy up to 15 very large crude carriers (VLCCs). The fund will be seeded with $500 million on three occasions, subject to conditions, Bahri said in a bourse statement, ...

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• 17 July

  Protests delay Libyan oil shipments from Hariga

    REUTERS Guards protesting over pay shut the eastern Libyan oil terminal of Hariga on Sunday, delaying two shipments of crude, a port official said. A unit of Libya’s Petroleum Facilities Guard (PFG) took the action because they said they had not been paid their salaries recently, the Hariga official said. He said the protest had delayed two tankers, one ...

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• 17 July

  Oil flows through Turkey energy corridor unhindered as coup ends

  

    Bloomberg Oil is flowing unhindered through Turkey’s pipelines and waterways, one of the world’s largest energy trading corridors, after a coup attempt against President Recep Tayyip Erdogan failed. The Turkish straits are open to shipping traffic, an official at the Istanbul-based shipping center said by phone ON Saturday. Crude oil shipments from Azerbaijan and Iraq into Turkey’s Mediterranean port ...

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• 17 July

  Security sector in KSA lures global companies

  Jeddah / TNS Approximately 125 global companies in security services are providing solutions to the Saudi business sector in the light of the growing demand for security, safety services and protection from fires. “Saudi budgetary allocations for security across municipal, health, infrastructural, transport and construction sectors are increasing. This is why the world’s companies are targeting the Saudi market,” Mowfaq Alharithi, ...

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• 17 July

  Jordan women ‘kick’ against stereotypes in football

  

    Amman / AFP Line’s dream is about to become a reality, the 14-year-old Jordanian girl will make history later this year when she takes part in her first ever football world cup. FIFA’s U-17 Women’s World Cup will kick off on September 30 in Jordan, the first time a Middle Eastern country hosts an international women’s football competition. Line ...

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• 17 July

  Russia’s Arctic-circle ports ship as much crude as Libya

  

    Bloomberg High in the Arctic circle, three oil terminals on Russia’s northern coast are already exporting as much crude oil as Libya — and that flow could double in the next five years. It’s a sign the development of remote deposits in the country’s harsh and fragile north will play an increasingly important role as conventional production in the ...

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• 17 July

  Britain faces short recession as exit vote hammers spending: EY

  

    Bloomberg The UK will fall into a “short, shallow recession” around the turn of the year as Brexit hits house prices, jobs and spending, according to the EY Item Club. In a report to be published on Monday, the forecaster will say it’s slashing its 2017 growth estimate to 0.4 percent from 2.6 percent and predicting the Bank of ...

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