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Dubai / Emirates Business UAE’s real estate sector is expected to soften further in 2016 due to the widening gap between the demand and supply ratio, says Chestertons, the international property agency. The company also stated that developers should consider projects within the ‘affordable segment’ to further support this sector. “The industry should strike the right balance between demand and ...

Ritika Sharma / Emirates Business Acknowledging the exponentially growing consumer demand for frozen yogurt in the Middle East, US bestselling Orange Leaf frozen yogurt brand has joined hands with the UAE based Two Spoons. Under the partnership, Orange Lead has opened two outlets in the Emirates and will open 25 outlets across the Middle East. Fans of frozen yogurt flavours ...

Abu Dhabi / Emirats Business Yas Mall has partnered with Emirates Wildlife Society-WWF (EWS-WWF) to educate visitors about marine conservation, as part of the mall’s efforts to play a role in raising awareness about sustainability and the importance of environmental preservation. On February, 24th, Yas Mall will host a unique event, the Great Green Race, in which visitors can enjoy ...

Dubai / Emirats Business Governments around the world are urged to harness digitisation and re-imagine labour markets to drive down unemployment, upskill the workforce, and grow their economies, according to a new report by The Economist Corporate Network, the business advisory arm of The Economist Intelligence Unit, launched recently at the World Government Summit. Leaders at the World Government Summit ...

Sunaina Rana / Emirates Business BMW Group is all set to expand their support to the contemporary art and culture in the Middle East with the launch of BMW Contemporary, an exclusive enterprise that would aims to strengthen intercultural dialogues and spark curiosity and imagination among the artists and the admirers. The new initiative, BMW Contemporary, will give a chance ...

London / AFP Movers and shakers from the oil industry descended on London last week and expressed optimism over a sharp rebound in the beleaguered crude market later this year. Bob Dudley, chief executive of British energy major BP, forecast at the International Petroleum Week industry conference on Wednesday that “the daily (oil) supply and demand” will be balanced in ...

London / WAM The global oil price will hopefully retain its normal average, reaching USD 50 to 60 per barrel by mid-2017, Kuwait Petroleum International (KPI) President, Bakheet Al-Rashidi said on Saturday. In an exclusive statement to KUNA on the sideline of the annual KPI’s international marketing London bureau celebration, Al-Rashidi said that the current status quo of the global ...

DUBAI / Emirates BUsiness Private and public sector organisations in the Middle East have been advised to simplify their hierarchical systems to stave off the effects of lower oil revenues and reduced demand. PA Consulting Group says those who have a clear understanding of the levels of organisational hierarchy needed can identify the most effective spans of management control and ...

Bloomberg Iran shipped its first cargo of oil to Europe since international sanctions ended, signaling more supplies will add to the global glut of crude. The Suezmax vessel Distya Akula departed Iran’s loading terminal at Kharg Island in the Persian Gulf and was located Saturday in the Gulf of Oman off the east coast of the United Arab Emirates, according ...

Bloomberg BP Plc and state-owned Oman Oil Co. agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of $16 billion for the entire project. Block 61 will add 1,000 square kilometers to the original 2,700 square kilometer area of development, BP said Sunday. The ...