Monday 14 July 2014

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100 ORDERS LIKELY
Airbus unveils revamp of A330 passenger jet

European planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 percent fuel savings.

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1

PRIVATE HEALTHCARE
Abraaj acquires majority stake in Tunisian hospital

The Abraaj Group, a leading investor operating in global growth markets, has acquired a majority stake in Polyclinique Taoufik, a leading private hospital in Tunisia, through its funds.

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2

7 KILLED; FLIGHTS HALTED
Fighting continues near Tripoli airport

Heavy fighting broke out between rival militias vying for control of Libya's main airport on Sunday, killing at least seven people and forcing a halt of all flights in the worst fighting in the capital for six months.

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3

ANALYSIS
As some assets take a hit, investors fear worse is to come

World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road.

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4

SPOTLIGHT
Mideast HNW business owners focus on growth

Growing their business remains the primary and dominant goal for High Net Worth (HNW) business owners in the Middle East, according to a new study.

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5

IMAGE OF THE DAY
German glory

Germany's players lift the World Cup trophy as they celebrate their 2014 World Cup final win against Argentina at the Maracana stadium in Rio de Janeiro.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai warned on new, large projects

The recent announcement of large, ambitious projects by Dubai could lead to another boom-bust real estate cycle, particularly as there has not yet been major deleveraging in the economy, a BofA Merrill Lynch report has warned.

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Retail & Wholesale

Bahrain market revamp plan on track

A BD3 million ($7.9 million) market revamp that stalled when traders refused to move out will finally go ahead, after months of negotiations.

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Energy, Oil & Gas

Dana Gas wins payments from Kurdistan

Dana Gas, one of the largest oil and gas investors in Iraq's semi-autonomous Kurdish region, said on Sunday that an arbitration tribunal had awarded it the right to receive some outstanding payments from the Kurdish government.

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Finance & Capital Market

NCB posts 22pc Q2 net profit jump

National Commercial Bank, which later this year is expected to list its shares in one of Saudi Arabia's largest initial public offers, posted a 22 per cent jump in second-quarter net profit on Sunday.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Etihad Cargo launches freighter flights to Vietnam

Etihad Cargo, the freight division of UAE flag carrier’s Etihad Airways, has launched freighter flights between Abu Dhabi and Hanoi’s Noi Bài International Airport (HAN).

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Travel, Tourism & Hospitality

Airline ordered to pay $8,000 to diabetic traveller

An airline has been ordered to pay Dh30,000 ($8,165) as compensation to a diabetic pilgrim who suffered physical discomfort and mental stress last year due to flight delays, said a report.

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IT & Telecommunications

Summer likely to heighten cyber threat for ME users

Shorter working hours during Ramadan and summer vacations mean increased usage of computers and smartphones, placing users at a greater risk of falling victim to viruses, identity theft and a host of other threats, said a security expert.

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Government & Laws

Iraq govt talks delayed again as fighting rages

Iraq's parliament failed on Sunday to break a damaging political deadlock which is holding up the formation of new government to tackle an Islamist-led insurgency raging less than 50 miles (80 km) from Baghdad.

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Motoring

First driverless car launched in Saudi

BYD Auto, a Chinese automobile manufacturer based in Shenzhen, recently launched its first car in Saudi Arabia that can be driven without a driver through a remote control, a report said.

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Health & Environment

Emirates, India hospital deal offers special fares

Dubai-based Emirates has teamed up with top healthcare provider Apollo Hospitals to offer specially formulated fares for round-trip flights on the airline to the hospital’s flagship locations in India.

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Media & Promotion

Arabs use of govt social media ‘limited’

The use of social media channels in the Arab world to communicate with the government is limited, despite the rising numbers of Arabs online and 82 million active social media users across the region, said a report.

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Education, HR & Training

SME development centre launched in Bahrain

Bahraini businessman Farouk Almoayyed is launching a new centre that aims to support young job-seekers by offering essential tools that can transform them into successful entrepreneurs and business owners.

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Miscellaneous

Dubai 67th most expensive city in the world

Dubai has been ranked as the 67th most expensive city to live, a report said, adding that it was one of several cities in the region that experienced a jump in their rankings, soaring 23 places from last year’s position at 90.

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