April 18, 2019

Global plastics, rubber industry to grow 4pc annually

The global plastics and rubber industry has continued to achieve annual growth rates of between 4 per cent and 5 per cent since the turn of the millennium, with the Middle East witnessing phenomenal expansion in its polymerization capacities along with the Asia-Pacific region.

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April 18, 2019

GCC to see marginal economic growth in 2019: ICAEW

The GCC is expected to post economic growth of 2.3 per cent in 2019, a marginal improvement on the previous year of 0.3 percentage points, according to ICAEW’s latest Economic Insight report.

The GCC economy will be weighed down by renewed Opec-plus oil production cuts"...

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April 18, 2019

Equities still the best choice, finds survey

Many ultra-high net worth investors (39 per cent) from Europe, the Middle East and Africa (EMEA) continue to believe equities will be the best performing asset class over the next 12 months, according to J P Morgan’s Spring Private Client Survey.

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April 18, 2019

The Opus by Omniyat wins global design award

The Opus by Omniyat, located in Dubai, has been honoured with one of the top design awards, the ‘Award of Excellence’ by the Council on Tall Buildings & Urban Habitat (CTBUH). The Opus, designed by world-renowned Iraqi-British architect Dame Zaha Hadid, was chosen from a shortlist"...

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April 18, 2019

Microsoft to power 70% of data centres with renewable energy...

Microsoft has announced a ‘doubling down' on sustainability, which aims to use technology to improve its carbon footprint and encourage more businesses to focus on their environmental impact.

In a blog post"...

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April 18, 2019

First Japan-built airliner in 50 years takes on Boeing and...

More cities in Asia and Europe are seeking to link up with each other and the global air travel network. The Mitsubishi Regional Jet, the first airliner built in Japan since the 1960s, began certification flights last month in Moses Lake, Washington, to satisfy that demand.

Mitsubishi"...

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April 18, 2019

Careem IPO may have given company greater value than Uber...

The $3.1 billion acquisition by Uber of Middle East rival Careem is a great milestone for the Arab world but a listing of the Dubai-based ride-hailing company on a regional stock market may have extracted greater value, Prince Khaled bin Alwaleed bin Talal, the chief executive of KBW Ventures,"...

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April 18, 2019

US handbags, ketchup on $20bn EU tariff list over subsidy...

BRUSSELS: Handbags, tractors, shovels and fish are part of an 11-page list of US imports worth $20 billion that the EU on Wednesday said it could hit with tariffs in a transatlantic aircraft subsidy dispute.
The US and the EU have been battling for almost 15 years at the World Trade"...

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April 18, 2019

Pakistan’s Imran Khan to visit China next week for...

ISLAMABAD: Pakistani Prime Minister Imran Khan will visit China next week to meet its leaders and deliver a keynote speech at the vast Belt and Road Forum in Beijing, the South Asian nation’s foreign ministry said on Wednesday, as economic anxiety grows at home.
China has pledged"...

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April 18, 2019

Hormuz Grand Muscat gets HACCP certification

MUSCAT: Hormuz Grand Muscat, a Radisson Collection Hotel, has received the HACCP certification (Hazard Analysis and Critical Control Point), a globally recognised Food Safety Management System certification. This scheme is also recognised in Oman as a major food safety initiative for any"...

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