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In "BUSINESS"
October 02, 2018
Marriott plans to build over 200
hotels across Africa by 2023
October 02, 2018
Al Nahdi aims to employ 1,000
Saudi pharmacists by 2020
October 02, 2018
RAFAL taps IEC for advisory services
October 02, 2018
‘Grown Respectfully’ sums up Nescafé’s work since 1938
London — Oil traders prepared for the possibility of $100 a barrel before year-end after Brent crude hovered close to its highest since November 2014 on Monday.“Nobody wants to get caught short, full in the knowledge that more Iranian barrels are poised to be removed from the market,” Stephen Brennock, oil analyst at PVM Oil Associates, said in a research note published on Monday.“We are moving into a world where you have lower inventories, lower spare capacity and less protection for buyers,” John Driscoll, chief strategist at JTD Energy Services, told CNBC on Monday.“So $100 a barrel has become more likely, whether we get there or not, it might be a little early to say,” he added.International benchmark Brent crude traded at around $83.01 on Monday, up around 0.34 percent,...
October 01, 2018
Oil traders prepare for $100 per barrel price tag
October 01, 2018
GCC banks to stabilize in 2019: S&P
October 01, 2018
South Africa trade
with Saudi Arabia
‘on upward trend’
JEDDAH/GENEVA — The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 2.3% in August 2018, compared to the same period the year before. This pace of growth was unchanged from the previous month but was less than half the five-year average growth rate of 5.1%.Freight capacity, measured in available freight tonne kilometers (AFTKs), grew by 4.5% year-on-year in August 2018. This was the sixth month in a row that capacity growth outstripped demand growth. Yields, however, appear to be holding up.Growth is being supported by a number of factors, including buoyant consumer confidence, an upturn in the global investment cycle and growing international e-commerce. However, demand is...
October 01, 2018
Airfreight volume keeps upward trajectory
October 01, 2018
Airline passenger
traffic surges 6.4%
DUBAI — Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, announced the signing of several deals between three UAE-based companies, namely Emirates NBD, Nikai Group, and Sanofi, and startups that were selected as winners of the Market Access program’s second cycle.A total of 4 memoranda of understanding (MoUs) were unveiled during a deal signing ceremony which was recently held at Dubai Chamber’s premises and attended by senior Dubai Chamber officials, and representatives from Dubai’s business community.The MoUs were signed in the presence of Majid Saif Al Ghurair, Chairman of Dubai Chamber, and Hisham Abdullah Al Shirawi, 2nd Vice Chairman of Dubai Chamber. The agreements, covering a wide range of industries, business projects and objectives, will remain...
October 01, 2018
Top companies in deals with innovative startups
