Wednesday 20 August 2014

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‘MOVE MAY HIT TRADE, TOURISM’
Bahrain to increase visa fees from October

Visa fees are set to increase for everyone entering Bahrain from October, excluding labourers and domestic workers.

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1

'MESSAGE TO AMERICA'
Islamic State says it beheaded US journalist

Islamic State insurgents posted a video on Tuesday purportedly showing the beheading of US journalist James Foley and images of another US journalist whose life they said depended on how the United States acts in Iraq.

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2

CURRENT TV DEAL
Al Jazeera rejects Al Gore allegations

Al Jazeera has rejected allegations from Al Gore and Joel Hyatt, the founders of Current TV, saying they were false and potentially misleading.

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3

ANALYSIS
Africa’s middle class on track for bigger growth

Africa has experienced substantial growth in its middle class, which increased to 15 million households from 4.6 million in 2000, marking a rise of 230 per cent over 14 years, a report said, suggesting greater scope for future growth.

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4

SPOTLIGHT
Damascus world’s least liveable city, Melbourne best: study

Damascus has the worst living conditions among all the cities in the world, said The Economist Intelligence Unit’s latest liveability survey, which ranked Melbourne as the most liveable city for the fourth year in a row.

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5

IMAGE OF THE DAY
Wake-up call

SoftBank Corp CEO Masayoshi Son dumps a bucket of ice water onto himself as he takes part in the ALS ice bucket challenge in Tokyo on August 20. The event is aimed at raising awareness of Amyotrophic Lateral Sclerosis, often known as ALS.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain's Dar Al-Handasah, Egypt army win Suez hub project

Egypt has chosen a consortium that includes the Egyptian army and Bahrain-registered engineering firm Dar Al-Handasah Shair and Partners to develop an industrial and logistics hub in the Suez Canal area.

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Retail & Wholesale

Dubai Duty Free reprices $1.75bn loan for second time

Airport retailer Dubai Duty Free (DDF) is repricing a $1.75 billion syndicated loan for the second time in just over a year to obtain more favourable terms, a fresh sign of banks' willingness to lend cheaply to the emirate.

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Energy, Oil & Gas

Kuwait to double supplies to China's Sinopec

Kuwait has concluded a new 10-year deal with a China's Sinopec Corp to nearly double its supplies by offering to ship the oil and sell on a more competitive cost-and-freight basis, according to a KPC official and a trading source.

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Finance & Capital Market

Nasser Al-Sayer named new NBK chairman

The board of directors of National Bank of Kuwait (NBK) has elected Nasser Musaed Al-Sayer as the chairman of NBK Group following the demise of the long-serving chairman Mohammad Abdul Rahman Al-Bahar.

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Analysis, Interviews, Opinions

Damascus world’s least liveable city, Melbourne best: study

Damascus has the worst living conditions among all the cities in the world, said The Economist Intelligence Unit’s latest liveability survey, which ranked Melbourne as the most liveable city for the fourth year in a row.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Saudia appoints Irish firm to develop mobile apps

Saudi Arabian Airlines (Saudia), the flag carrier of the kingdom, has decided to migrate its mobile services to Dublin-based Mobile Travel Technologies (MTT) in order to better meet the demands of its mobile-centric customers.

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IT & Telecommunications

95pc Android apps in Mideast ‘potentially vulnerable’

More than 94 per cent of popular Android applications used in the Middle East are potentially vulnerable, according to a new research highlighting security risks in the internal storage used by applications on Google Android devices.

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Government & Laws

Saudi Arabia opens new family courts

Saudi Arabia on Tuesday opened new courts focusing on family disputes, the first of a series of specialised tribunals aimed at making the kingdom's legal system faster, more transparent and predictable.

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Motoring

Look, no hands! Test driving a Google car

The car stopped at stop signs. It glided around curves. It didn't lurch or jolt. The most remarkable thing about the drive was that it was utterly unremarkable. It's actually high praise for the car in question: Google's driverless car.

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Health & Environment

NMC Health lifts profit 27pc on higher occupancy

NMC Health, the United Arab Emirates healthcare provider, boosted first-half profit by nearly 27 percent, aided by higher occupancy across its hospitals, it said on Tuesday.

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Media & Promotion

Google mulls YouTube, Gmail for kids

Google is considering allowing online accounts for children under the age of 13 and give their parents control over how the service is used, according to media reports.

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Education, HR & Training

64pc UAE firms to hire junior executives

More than 64 per cent of companies in the UAE will look to hire up to 10 employees in the coming three months, mostly for junior executive positions, according to a recent survey.

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Miscellaneous

KACST approves 3,500 patents

The King Abdulaziz City for Science and Technology (KACST) has approved 3,500 patents since the inception of the patent office in 1982.

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