Wednesday 6 May 2015

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NEW LEADERSHIP HAILED
Al Naimi optimistic about Saudi Arabia’s oil future

Saudi oil minister Ali Al Naimi said on Tuesday he was optimistic about the future of the kingdom's oil and gas sector under the new leadership, state news agency SPA reported.

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BILLIONS WORTH CONTRACTS
France, Saudi seeking to seal big deals quickly

France is in talks to agree billions of euros worth of contracts in Saudi Arabia that could be completed quickly, ranging from defence to civil aviation, transport and energy, the French government said on Tuesday.

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10 FIRMS LIKELY CANDIDATES
Saudi privatisations 'may accelerate'

A new government policy-making council in Saudi Arabia may accelerate privatisations of state-owned companies, Saudi Stock Exchange chief executive Adel Al-Ghamdi said on Tuesday.

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ANALYSIS
Saudi Arabia’s succession reshuffle is credit positive

Saudi Arabia’s cabinet reshuffle, occurring so soon after King Salman’s smooth succession to the throne in January, is credit positive amid the economic and security challenges facing the kingdom, a Moody’s report said.

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4

ANALYSIS
French fighter jets find takers in a worried world

After failing for years to win a single order for the Dassault-built Rafale fighter jet, France has scored a string of multi-billion-euro wins in contracts with Egypt, India and Qatar.

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NEWS IN PICTURES
Floating Seahorse

Kleindienst Group will showcase its Floating Seahorse for the first time outside of the UAE at the Gulf Property Show, taking place in Bahrain from May 12 to 14. Visitors can view the 3D model of the floating retreat at the show.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Almoayyed signs up for top construction expo

Almoayyed Construction, a major professional engineering and civil construction company in the region, has confirmed its participation for gulfBID 2015, the annual expo for the Northern Gulf’s construction and building materials sector.

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Retail & Wholesale

City Centre Muscat undergoes major revamp

Majid Al Futtaim, a leading shopping mall, retail and leisure pioneer in the Middle East and North Africa (Mena) region, said construction work on the second phase of its City Centre Muscat redevelopment project is progressing well.

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Energy, Oil & Gas

Aramco in negotiation to buy 1.7m barrels of gasoil for May

Saudi Aramco is in negotiation to buy 1.7 million barrels of gasoil for delivery in May, its largest spot requirement in recent months, to meet a potential rise in domestic demand for the power generation fuel in summer.

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Finance & Capital Market

Saudi privatisations 'may accelerate'

A new government policy-making council in Saudi Arabia may accelerate privatisations of state-owned companies, Saudi Stock Exchange chief executive Adel Al-Ghamdi said on Tuesday.

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Analysis, Interviews, Opinions

Branding on a budget

How does a lone entrepreneur create a brand image and message and keeping costs low? While this really depends on how lean your start-up will be, there are a number of tools which one can pick and mix to launch a brand, a report said.

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Industry, Logistics & Shipping

France, Saudi seeking to seal big deals quickly

France is in talks to agree billions of euros worth of contracts in Saudi Arabia that could be completed quickly, ranging from defence to civil aviation, transport and energy, the French government said on Tuesday.

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Travel, Tourism & Hospitality

Emirates vows 'sledgehammer' reply to US carriers

Dubai carrier Emirates will deliver a "sledgehammer" response to a report compiled by US carriers accusing major Gulf airlines of receiving more than $40 billion in unfair government subsidies, its president Tim Clark said on Tuesday.

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IT & Telecommunications

Travel tech firm moves to Microsoft Azure cloud technology

Microsoft has signed a strategic deal with Illusions, a Dubai-based travel tech firm, to support the transfer of the company’s entire business operating platform onto Microsoft’s cloud technology, Azure.

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Lifestyle

Montblanc launches e-strap watch in UAE

Montblanc International, a German manufacturer of luxury accessories, recently introduced its first e-strap timepiece in the UAE at a stylish event in Dubai Marina.

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Health & Environment

Washington world's most dangerous city for babies

Washington has the highest infant mortality rate of all the world's richest capitals, according to a survey highlighting the failure of the world's wealthiest country to prevent high rates of child deaths among its poorest citizens.

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Media & Promotion

Honeywell hosts women in leadership forum

Honeywell recently hosted its first-ever Women in Leadership Forum in the Middle East as part of its ongoing efforts to bring more women into senior management roles and increase female participation in its regional workforce.

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Education, HR & Training

'640,000 Emiratis needed to fill executive posts'

Since the UAE has a workforce of approximately eight million workers, about 640,000 Emiratis will be needed to fill executive posts, a report said, highlighting that strategic leaders make up about 8 per cent of any country’s workforce.

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