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CLOUD COMPUTING EXPANSION
Zain eyes IT acquisitions to boost data services
Kuwait mobile operator Zain will make acquisitions and partnerships in computer-based industries this year to exploit rising demand for data and help offset falling conventional call and text income, said its chief executive.
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INVESTMENT BOOST
Qatar Exchange to start trading govt bonds
The Qatar Exchange said it would introduce trading of government bonds issued by the central bank on June 20, as part of measures to deepen the Gulf state's debt market and diversify investment tools for banks and other institutions.
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ICY ENCOUNTER WITH OBAMA
Putin faces isolation over Syria as G8 ups pressure
Russian President Vladimir Putin faced further isolation on the second day of a G8 summit on Tuesday as world leaders lined up to pressure him into toning down his support for Syrian President Bashar al-Assad.
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SPECIAL REPORT
Oil traders diversify into food, metals eyeing profits
Energy trading houses are diversifying into food commodities and metals, which makes them likely to invest in assets such as port capacity as they copy their rival Glencore Xstrata to escape excessive reliance on oil, said a experts.
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MONEY MATTERS
Road to wealth much smoother now, say Mideast HNWIs
More than 60 per cent of high net worth individuals (HNWIs) in the Middle East believe wealth can be created faster today than in the past compared to 43 per cent in Europe and 31 per cent in North America, said a survey.
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IMAGE OF THE DAY
Kicking it with Beckham
Former England captain David Beckham plays soccer with kids in Nanjing, Jiangsu province on June 18. According to local media, Beckham arrived in the China on Monday to start his second trip as China's soccer envoy.
Top Trade News
 | Industry Sectors |
Alwaleed eyes world's big cities for mile-high tower
Saudi billionaire Prince Alwaleed bin Talal is looking at the world's largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
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Panasonic unveils tablet range in UAE
Al-Futtaim Panatech, exclusive distributor of Panasonic products in the UAE, has unveiled a new range of tablet PCs, the Toughpad from Panasonic.
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Lukoil unit wins big gasoil supply deal in Egypt
Litasco, the trading arm of Russia's Lukoil, has won the bulk of a tender by Egypt's state oil company for delivery of gasoil to the Mediterranean port of Alexandria in the second half of the year, traders said on Tuesday.
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Oman 'must consider fiscal reforms as priority'
Oman should consider fiscal reforms as a priority because continued growth in public spending may be unsustainable in the long run, its central bank said on Tuesday.
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Road to wealth much smoother now, say Mideast HNWIs
More than 60 per cent of high net worth individuals (HNWIs) in the Middle East believe wealth can be created faster today than in the past compared to 43 per cent in Europe and 31 per cent in North America, said a survey.
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RSA-Talke to set up storage facility in Dubai
RSA-Talke, a JV between leading provider of transport services and German chemical logistician Talke, has reached an agreement with Dubai World Central, world’s first purpose-built aerotropolis to build a hitech storage facility.
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Boeing clinches $30bn Dreamliner-10 orders
Boeing launched the 787-10 version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday with 102 firm orders worth nearly $30 billion at list prices.
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Viva Kuwait signs $270m loan with NBK
Viva Kuwait, an affiliate of Saudi Telecom Co (STC), has signed a $270 million, five-year loan with National Bank of Kuwait (NBK) to finance the operator's network expansion, it said in a statement on Tuesday.
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ADPC inks key deal with Abu Dhabi Customs
Abu Dhabi Ports Company (ADPC), a master developer and regulator of ports and industrial zones in Abu Dhabi, has signed a deal with Abu Dhabi Customs to simplify procedures at Khalifa Port and Khalifa Industrial Zone Abu Dhabi (Kizad).
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Qatar Holding sells 10pc stake in Porsche
Qatar Holding, the investment arm of the country's sovereign wealth fund, has sold its 10 per cent stake in Porsche to the luxury automaker's family shareholders, Qatar Holding said in a statement on Monday.
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Bahrain hospitals win Australian accreditation
KIMS Bahrain Medical Centre and the Royal Bahrain Hospital, two private medical facilities in the kingdom, have raised their healthcare standards with accreditation Australian Council on Healthcare Standards International (ACHSI).
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UAE cinema launches first Dolby Atmos theatre
UAE-based Cine Royal Cinema has launched the country’s first Dolby Atmos equipped theatre in Abu Dhabi in association with Dolby Laboratories.
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Women in Bahrain private sector jobs up 73pc
The number of women joining the private sector in Bahrain has increased by 73.5 per cent in 2010 to more than 25,000 compared with 2002, as against 45 per cent in the public sector, a report said.
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Wadi makes splash in booming MICE market
Wadi Adventure is making a splash in the Meetings Incentives Conferences and Exhibitions (MICE) market, as more UAE companies look to raft, kayak and surf their way through traditional team-building exercises than ever before.
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