A dramatic drop in optimism for the GCC’s construction sector has been seen over the last 12 months, according to a new survey. At the annual Construction and Engineering Law Conference, just 32% of respondents were optimistic heading into 2016, compared to 77% in 2014. Head of Middle East Region at Pinsent Mason, Sachin Kerur says as market conditions harden, several things are likely to happen.
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Dubai and Shanghai trade bodies hold talks to boost business ties
Dubai Chambers has held talks with a major Chinese trade body in Shanghai aimed at strengthening economic ties and increasing trade and investment between the two markets.
Saudi Arabia restores full capacity on East-West oil pipeline
Saudi Arabia has restored full oil pumping capacity through the East-West pipeline to about seven million barrels per day, it said on Sunday, days after providing an assessment of damage on its energy sector from attacks during the Iran conflict.
Maktoum bin Mohammed, Brookfield discuss investment expansion
Dubai’s First Deputy Ruler, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has held talks with the chief executive of global investment firm Brookfield Corporation on strengthening cooperation and attracting further investment to the emirate.
Tesla's supervised self-driving software gets Dutch okay, first in Europe
Dutch regulators approved the use of Tesla's TSLA.O self-driving software with required human supervision on highways and city streets in a European first for the electric car maker, which hopes to see similar action from the rest of the European Union.
Lufthansa flights disrupted as cabin crew stage strike
Lufthansa flights were significantly disrupted on Friday as cabin crew union UFO staged a one-day strike, the airline's third work stoppage in two months, impacting operations at its Frankfurt and Munich hubs.
A UAE medical aid convoy has entered the Gaza Strip as part of ongoing assistance efforts to support Palestinians under Operation Chivalrous Knight 3.
The Strait of Hormuz has never been Iran's to close or restrict the navigation through, ADNOC CEO Dr. Sultan Al Jaber said in a social media post on Sunday.
Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has strongly condemned the terrorist plots that sought to undermine security, incite chaos, and carry out acts of sabotage in Kuwait.
