Monday, January 11, 2016

Militancy hurts Egypt’s tourism

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Finance and Economy
Militancy hurts Egypt's tourism
Attacks come just as the country tries to revive an industry reeling from Sharm el Sheikh assault...
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UAE and Saudi non-oil growth sluggish in December, employment suffers
Sector cools-off on the back of slower rises in output, new work and employment...
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Dubai-GCC trade hits AED96.19bn, Saudi top partner
Kingdom represents 46.4 per cent of the emirate's total trade with Arab states...
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Energy
Gulf stock markets nosedive as oil price dips below $33
Crude has dropped by more than 65 per cent since June 2014...
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Oman's multimillion mining venture
New firm will carry out both downstream and upstream activities, which include exploration and extraction...
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Kuwait raises oil price to $25.33 a barrel
The Gulf country continues to intensify production to reach approximately three million barrels...
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Real Estate
Dubai real estate sees buyer enquiries, transactions dry up
Outlook for 2016 is not looking much better either...
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Aldar Properties awards AED2bn contract to Arabtec
Construction major to build 1,017 villas in Abu Dhabi...
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     News
Netflix ventures into Middle East, adds Arabic
Expansion will not reach countries like Syria, Crimea and North Korea due to US government restrictions...
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UAE and Qatar employees to get lowest salary hike in 5 years
"2016 is likely to be…a year of restrictions, caution and a focus on improved efficiency"
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After Saudi, Bahrain halts flights to Iran

A number of Arab nations break off ties with Tehran after attacks on Saudi missions...
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Abercrombie & Fitch flagship store in the region 'achieves many firsts'
The 18,000 sqft store is located in the recently opened extension at Mall of the Emirates...
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