Saturday 3 December 2016

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29 FEMALE MEMBERS APPOINTED
Saudi sacks labour minister, announces key Shoura revamp

In a major move, Saudi King Salman bin Abdulaziz Al Saud has removed the labour minister and also reshuffled the kingdom’s top consultative body Shoura Council with key appointments, including 29 female members, said a report.

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2,800 OUTLETS
Citic-Carlyle eye $3bn McDonald’s China deal

A team led by Chinese conglomerate Citic Group and US-based private equity house Carlyle has emerged as the final global group to buy McDonald’s China franchise in a deal that could fetch nearly $3 billion.

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2

FIRM EYES $2bn PROFIT
$60 oil price to be dominant in 2017, says Lukoil

The global oil prices will rise by 50 per cent within six months and over the next year the price of $60 per barrel will be dominant, said a report, citing a top official of Russia's Lukoil.

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3

ANALYSIS
Opec deal unlikely to affect oil market balance

Opec has agreed to cut production by what equates to a 4.5-4.6 per cent cut per member country, which according to Barclays is consistent with its view of what Opec production levels were expected to be in 2017 irrespective of the deal.

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4

ANALYSIS
10 most important shifts in IT companies before 2020

By 2019, 40 per cent of IT projects will create new digital services and revenue streams that monetize data, says a new IDC report, highlighting the 10 most important shifts that will happen in IT organizations over the next 36 months.

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NEWS IN PICTURES
Thailand has a new king

Thailand has a new king after Crown Prince Maha Vajiralongkorn, 64, on December 1 accepted to ascend the throne to become the country's new monarch, the 10th King of the 234-year-old Chakri Dynasty.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain to deliver 25,000 homes by 2018

Bahrain government is set to deliver 25,000 residential units by 2018 in line with His Majesty King Hamad’s directive to build sustainable housing units across the kingdom, said a report, citing the housing minister.

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Retail & Wholesale

Saudi group buys McDonald's Singapore, Malaysian franchise

Saudi Arabia's Lionhorn Private Limited has bought the franchise rights for all the McDonald's restaurants in Singapore and Malaysia as part of its global expansion strategy.

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Energy, Oil & Gas

$60 oil price to be dominant in 2017, says Lukoil

The global oil prices will rise by 50 per cent within six months and over the next year the price of $60 per barrel will be dominant, said a report, citing a top official of Russia's Lukoil.

More…
Finance & Capital Market

Daher named new Gulf Bank CEO

Gulf Bank, the fourth-largest lender in Kuwait by assets, has appointed Antoine Daher as its new chief executive officer replacing Cesar Gonzalez-Bueno.

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Analysis, Interviews, Opinions

10 most important shifts in IT companies before 2020

By 2019, 40 per cent of IT projects will create new digital services and revenue streams that monetize data, says a new IDC report, highlighting the 10 most important shifts that will happen in IT organizations over the next 36 months.

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Industry, Logistics & Shipping

DP World, CDPQ set up $3.7bn investment vehicle

Dubai-based global marine terminal operator DP World has joined hands with Caisse de depot et placement du Quebec (CDPQ), one of North America’s largest pension fund managers, to create a C$5 billion ($3.7 billion) investment platform.

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Travel, Tourism & Hospitality

Oman Air's Lucknow flight diverted due to bad weather

Oman Air, the sultanate's national carrier, said its flight WY263 bound to the north Indian city of Lucknow from its hub Muscat was diverted to Delhi due to turbulent weather.

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IT & Telecommunications

40pc of IT projects ‘will monetise data by 2019’

By 2019, 40 per cent of IT projects will create new digital services and revenue streams that monetize data, says a new IDC report, highlighting the 10 most important shifts that will happen in IT organizations over the next 36 months.

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Lifestyle

Arabic-style jewellery to dazzle at Dubai expo

As the UAE buzzes with festive atmosphere following its 45th National Day celebration, Dubai-based jewellers are preparing to showcase extraordinary Arabic collections at the upcoming Dubai International Jewellery Week.

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Motoring

UD Trucks names new Middle East president

Leading Japanese transport solutions provider UD Trucks has appointed Mourad Hedna as the new group president for the Middle East, East and North Africa region.

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Health & Environment

Researchers hunt missing link between genetics, environmental factors

A new global network linking leading research centres across the world has launched today to tackle some of the most pressing global health challenges of our time such as autism, cancer, diabetes and dementia.

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Media & Promotion

DIFF lists 15 titles for ‘Cinema of the World’

The Dubai International Film Festival (DIFF) has completed the exciting Cinema of the World line-up with a final 15 titles from internationally acclaimed directors and actors.

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Education, HR & Training

Saudi sacks labour minister, announces key Shoura revamp

In a major move, Saudi King Salman bin Abdulaziz Al Saud has removed the labour minister and also reshuffled the kingdom’s top consultative body Shoura Council with key appointments, including 29 female members, said a report.

More…
Miscellaneous

Panasonic develops innovative IPS liquid crystal panel

Panasonic Corporation said one of its subsidiaries has developed a new model of IPS (In-plane switching) liquid crystal panel that achieves a contrast ratio of over 1,000,000:1, about 600 times that of conventional panels.

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