Saturday 2 August 2014

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Ebola scare: Emirates suspends flights to Guinea

Dubai's Emirates said it had suspended flights to Guinea, one of the west African countries affected by an outbreak of the deadly Ebola virus.

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49pc STAKE SALE
Alitalia, Etihad to sign deal on Aug 8

Italian airline Alitalia is due to clinch a tie-up deal with Abu Dhabi's Etihad on August 8, Italy's transport minister said, in a deal Rome hopes will turn the loss-making flag carrier into a money spinner.

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2

ISRAELI ATTACKS CONTINUE
150 Palestinians killed after truce collapse

More than 150 Palestinians were killed and hundreds were wounded on Friday as Israel resumed shelling after declaring a planned 72-hour Gaza ceasefire over, saying Hamas militants breached the truce soon after it took effect.

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US struggles in Mideast with waning influence

The US failure to secure a firm ceasefire in the Gaza Strip despite two weeks of intense diplomacy reflects new regional dynamics in which the world's most powerful actor has diminished influence and fewer allies.

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SPECIAL REPORT
Qatar’s economy brightest in Mena despite distant risks

While the figures may not be as spectacular as they once were, the outlook for Qatar’s economy is still one of the brightest in Mena, with few immediate downside risks, says a special report in The Gulf.

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5

IMAGE OF THE DAY
The ferocious in flower

A man looks at a flower structure during a Flower Fair in Medellin, Colombia. Flower growers known as "silleteros" build large structures from flowers for the fair every year.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai residential property prices edge up in June

The Dubai Residential Property Sales Price Index for all residential increased by 3.7 points, from 291.3 to 295.0, which marking a rise of 1.28 per cent in June, while prices increased 36.2 per cent year-on-year (y-o-y), a report said.

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Retail & Wholesale

Samsung's Q2 profit slides 25pc to $7bn

Samsung Electronics sung said its operating profit fell 24.6 per cent in the second quarter of the year to 7.2 trillion won ($7.03 billion), marking its worst quarterly profit in two years.

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Energy, Oil & Gas

Cannot seize Kurdish crude for now: US court

The dispute over a tanker carrying $100 million in Iraqi Kurdish oil took a surprising turn on Tuesday when a US judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.

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Finance & Capital Market

WTO’s $1trn customs deal blocked by India’s demands

The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.

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Analysis, Interviews, Opinions

Data, tech jobs shine as the Internet of Things take off

STEM-related online work takes off as start-ups embrace the Internet of Things, while all things 3D soar on the back of 3D printing advances and SMEs are trusting freelancers with their finances and corporate identity, a report said.

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Industry, Logistics & Shipping

Adnoc, Khalid Faraaj team wins safety award

The 42 M Aluminium Crew Boats project team for Abu Dhabi National Of Company (Adnoc) and ship operators Khalid Faraaj has been awarded a health safety and environment award by Grandweld Shipyards.

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Travel, Tourism & Hospitality

Bahrain logs 20pc rise in GCC visitors for Eid

Bahrain saw a 20 per cent increase in visitors over the last week as GCC nationals flocked to the kingdom to celebrate Eid, according to official figures.

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Motoring

McLaren to showcase P1 GTR concept at US event

British high-performance manufacturer McLaren will use its presence at the 2014 Pebble Beach Concours d’Elegance in California to showcase its new track-focused model, the McLaren P1 GTR, in design concept form.

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Health & Environment

Scientists aim for new cancer surgery device

Hungarian scientists are aiming for the first prototype of a new device in two years that will help surgeons distinguish between healthy tissue and tumours in a split-second as they operate and remove cancerous tissue precisely.

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Media & Promotion

Bahrain's 'Summer of Colours' begins today

The Bahrain Summer Festival 2014 begins today with a groundbreaking show at the Bahrain International Exhibition and Convention Centre.

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Education, HR & Training

Gulf Capital invests in school operator

Gulf Capital, a regional alternative investment firm, has announced the completion of an investment in private school operator Evolvence Knowledge Investments (EKI) through Gulf Credit Partners, its regional fund.

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